When should I file GSTR-1 under GST?
All the regular traders under GST must file GSTR-3B (summary return) and GSTR-1 (statement of outward supplies). While the taxpayer should file GSTR-3B every month, he should file GSTR-1 either monthly or quarterly.
How much is the Late Fee for filing GSTR-1 after the due date?
If the taxpayer does not file GSTR-1 on or before the due date, he is liable to pay a Late Fee for each day of delay.
- If there are no transactions in the return period, the taxpayer should file a NIL Return to avoid late fee and penalty
- Late fee is calculated from the date after the due date up to the date of filing of the return
- Late fee of GSTR-1 is payable while filing GSTR-3B of the next return period
- As per the Act, a late fee of Rs.200 (CGST Rs.100 and SGST Rs.100) per day of delay was imposed. It was later reduced to:
|GSTR 1||Statement of outward supplies(Tax Payable > Nil)||July onwards||Rs. 50 per day|
|GSTR 1||Statement of outward supplies(Tax Payable = Nil)||July onwards||Rs. 20 per day|