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What is GSTR-1?

GSTR-1 is a monthly/quarterly Statement of Outward Supplies that should be filed by all normal and casual registered GST taxpayers making outward supplies of goods and services or both and contain the details of all sales and supply of goods and services.GSTR-1 is not applicable to composition taxpayer, non-resident foreign taxpayers and those with an Unique Identification Number. 

Who is required to file Form GSTR-1?

Every GST registered tax payer, other than an composition taxpayer/ input service distributor/ persons liable to deduct tax u/s 51 / persons liable to collect tax u/s 52 is required to file Form GSTR-1. It has to be filed whether there are any transactions during the period or not. The details of sales of goods and/or services during a tax period, electronically on the GST Portal.

Registered individuals who are not required to file this form include

  • Taxpayers liable to collect TCS.
  • Those Taxpayers liable to collect TDS.
  • Vendors  of Online Information Database Access and Retrieval (OIDAR) services (as per Section 14 of the IGST Act).
  • Input Service Distributors.
  • Non-resident taxpayers.
  • A taxpayer registered under the GST composition scheme..

When taxpayers can Opt-in for Quarterly Return option for filing of Form GSTR-1?

Taxpayer can opt-in for Quarterly return filing of Form GSTR-1 under following condition:

  • If the turnover during the preceding financial year was up to Rs. 5 Crore or
  • If you are registered during the current financial year and expect your entire turnover  to be up to Rs. 5 Crores

Note: In case you have chosen Opt-in for Quarterly Return option, you have to file both Form GSTR-1 and Form GSTR-3B quarterly only.

How Can Taxpayers File GSTR 1?

Those looking to understand how to file GSTR 1 on GST portal have to follow the steps mentioned below –

Step 1 – Visit and Log in to the GST Portal.

Step 2 – Click the “Services” tab. In the drop-down click on “Returns” and then “Returns Dashboard”.

Step 3 – From the drop-down menu, select the relevant Financial Year and Return Filing Period .

Step 4 – Click “Search”. Under the first search result – “Add details of outward supplies of goods or services”, select “Prepare Online” or  Select “Prepare Offline” if your number of invoices is more than 500.

Step 5 – Click on ‘Generate GSTR 1 Summary’ to generate the recent summary of the entered details. Click on ‘PREVIEW’ to download the draft of GSTR-1. Click on ‘SUBMIT’.

Step 6 – Click “FILE RETURN”, you can file the return by using two options:
1. File with DSC – Use Digital Signature of the Authorised Signatory. This option is mandatory in the case of a Company and an LLP.
2. File with EVC – Use OTP sent on registered mobile number and email ID of the Authorised Signatory to submit GSTR1.

Last Date for Filing GSTR 1

It is important to remember that, like all other tax filing forms, GSTR-1 has a due date by which it have to be filed. To avoid any form of late fees, one needs to complete the GSTR 1 filing process by the 10th of the next month. However, this is only applicable to businesses with a turnover of more than Rs. 5 Crores. A business can also file GSTR1 on quarterly basis if the turnover doesn’t exceed the limit of Rs. 5 crore.

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