GSTR-1
In this artical, you will know about GSTR 1, Who is Eligible, Penalty if filled late
What is GSTR 1?
GSTR-1 is a monthly/quarterly return required to be filed by every registered dealer in India, including the debit note, credit note, details of invoice in original, especially all external invoices generated in a month such as outward Details about the sale are included. The date of GSTR 1 return filing is the 10th of every month. Later the taxpayer may not be allowed to complete the GSTR 1 return filing. For January, your GSTR will have to be filed by the 10th of February.
Input service distributor, non-resident taxable person, the person paying tax under section 10 - person opting for composition levy, the person required to deduct tax at source - the person paying tax under section 51, Person required to deposit tax at source - The person paying must file GSTR 1 under section 52.
The return has a total of 13 sections, listed down as follows:
Tables 1, 2 & 3: GSTIN, legal and trade names, and total turnover in the previous year.
Table 4: Taxable outward supplies to registered persons (including UIN-holders) except zero-rated supplies and deemed exports.
Table 5: Outward inter-state supply taxable to the unregistered person where the invoice value is Rs. It is more than 2.5 million.
Table 6: Zero-rated supply as well as deemed exports.
Table 7: Taxable supplies to unregistered persons other than those included in Table 5 (net of debit notes and credit notes).
Table 8: External supply, which is zero-rated, exempt, and non-GST in nature.
Table 9: Modification of outward supplies as stated in Tables 4,5, and 6 of GSTR-1 returns (debit notes, credit notes, refund vouchers issued during the current period) of the preceding tax periods.
Table 10: Debit note and credit note issued to the unregistered person.
Table 11: Details of advances received and adjusted in the current tax period to revise information reported in the pre-tax period.
Table 12: External supply summary based on HSN code.
Table 13: Documents issued during the period.
Who should file GST1?
Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not.
E-commerce operators
Composition Dealers
Suppliers of OIDAR (Online Information and Database Access or Retrieval)
A taxpayer who is liable to get TCS
Non - Resident dealer
Input Service Distributors
Taxpayer liable to deduct TDS
How to revise GSTR-1?
Returns, once filed, cannot be modified. Any mistake made in return can be rectified in the GSTR-1 filed for the next period (month/quarter). It means that if a mistake is made in GSTR-1 of December 2020, the same can be rectified in GSTR-1 of January 2021.
GSTR 1 Due Dates (T.O. up to INR 1.5 Crore)
Period (Quarterly) | Last Dates |
Jan-Mar 2021 | 13th April 2021 |
Apr-Jun 2021 | 13th July 2021 |
Jul-Sept 2021 | 13th Oct 2021 |
GST Return 1 Due Date (T.O. More Than INR 1.5 Crore)
Period (Monthly) | Last Dates |
January 2021 | 11th February 2021 |
February 2021 | 11th March 2021 |
March 2021 | 11th April 2021 |
April 2021 | 26th May 2021 |
May 2021 | 11th June 2021 |
June 2021 | 11th July 2021 |
July 2021 | 11th August 2021 |
August 2021 | 11th September 2021 |
September 2021 | 11th October 2021 |
Late Fees and Penalty
As per GST law, late fees for not filing GSTR-1 is Rs. 200 per day delay (Rs.100 as per CGST Act and Rs. 100 as per SGST Act).
The late fee will be charged from the date after the due date.
Late fees continue to be levied at a reduced charge of Rs. 50 per day and 20 rupees per day (for zero return).
Note: In the GST portal, late fees are not currently being sought on GSTR-1 as a part of the payment challan in PMT-06 at the time of filing GSTR-3B. However, the tax officer may issue a notice seeking a late fee for the period of delay at the time of assessing the return.
Disclaimer: This article is intended for general consumption only. The information in the article was correct at the time of publication, but it is subject to change due to changes in government rules and regulations. The contents of the blog may not be copied unless prior permission is obtained.
You can manage your invoices from the OneGST app and also file GSTR-1. Download the OneGST app and create an invoice. For any queries feel free to reach out to us on +91 8955002477. You can sign up for our newspaper, in which we will keep you updated about GST.
Last updated
