GSTR 1 Return Filing requires the taxpayer to furnish all the outward supplies (sales) data to the GST portal. Amongst all the types of GST return, GSTR 1 return filing is the most primary and essential return for all eligible businesses.
GSTR-1 becomes important because the GST Input Tax Credit of your recipient depends on the timely and accurate filing of GSTR-1 by you as a supplier.
In this dedicated article, we will largely focus on the GSTR-1 rules and format and explain every detail to file the GSTR-1 return.
Complete guide on GSTR 1 Return Filing
What is GSTR 1 return?
What are GSTR-1 filing dates?
GSTR1 Form due dates are based on the annual aggregate turnover.
- For taxpayers whose Turnover is UPTO Rs. 1.5 Crore
- For taxpayers whose Turnover EXCEEDS Rs. 1.5 Crore
GSTR1 form due date
GSTR1 due date
Late fees for GSTR 1
As per the current scenario the late fees for GSTR 1
- Any GST registered taxpayer having no outward supplies for a month has to file a NIL GSTR-1 return. Failure to file a NIL GST return attracts a maximum late fee of Rs. 500.
To learn more on ‘How to file NIL GST return in GSTR1 Form’ click on the link provided.
- A registered GST taxpayer with an annual aggregate turnover up to Rs. 1.5 Crore (except Nil return filers) attract a late fees of Rs 2000 on delaying the GSTR-1 return filing.
- Registered GST taxpayers whose annual aggregate turnover exceeds 1.5 Crore but less than Rs 5 Crore (except Nil return filers) are liable to pay a maximum late fee of RS 5, 000.
- For registered GST taxpayers whose annual aggregate turnover exceeds Rs 5 Crore attract maximum late fees of Rs. 10,000 on delayed GSTR 1 Return Filing.
- Non filing of GSTR 1 may cause heavy penalties and notices to the businesses as it is one of the primary return.
Who is exempted from filing GSTR-1 return?
All Businesses, except Taxpayers under Composition Scheme & Input Service Distributors, must file their GSTR-1 without fail on a monthly and quarterly basis depending on preference selected.
Following categories of taxpayers are exempted from filing the GSTR-1 return:
- Taxpayers opting for Composition Scheme under GST
- Taxpayers as Tax Deductors - TDS (Tax Deducted at Source)
- E-commerce operators collecting tax at source – TCS (Tax collected at Source)
- Input Service Distributors (ISD)
- Online Information and Database Access or Retrieval Service Provider (OIDAR)
- Non-resident taxable person
Understanding FORM GSTR-1
How to file GSTR 1?
Various sections in the FORM GSTR-1 are explained below:
1. GSTIN : Goods and Services Tax Identification Number of the taxpayer
2. Name of the taxable person : As mentioned during the GST registration
3. Aggregate turnover : Annual aggregate turnover to be mentioned in the previous FY.
4. Period : Mention the month or the quarter for which the GSTR-1 is being filed.
5. Taxable outward supplies to a registered person
6. Zero rated supplies and Deemed Exports
Table 6 of form GSTR 1 captures the following details:
- Exports made outside of the Indian territory
- Supplies made to SEZ (Special Economic Zones) units or SEZ Developer
- Deemed Exports
A registered dealer is mandated to give invoice details, bill of exports, bill of shipping in this section.
7. Taxable supplies (Net of debit notes and credit notes) to unregistered persons other than the supplies covered in Table 5
Table 7 captures the following details:
8. Nil-rated, exempt and non-GST outward supplies
9. Amendments to taxable outward supplies
In Table 9, any corrections to the outward sales data that is furnished in the earlier tax periods can be done in this table.
All the details of Debit Note, Credit Note and refund vouchers have to be mentioned here.
10. Amendments to taxable outward supplies to unregistered person
11. Consolidated statements of advances
12. HSN wise summary of outward supplies
13. Documents issued during the tax period
In this section the details of all the invoices issued in a tax period, any revised invoices, Credit notes, Debit Notes in GSTR 1 etc have to be furnished.
In this comprehensive section we have discussed complete details of the GSTR 1 format.
How to revise GSTR 1 after submission?
A GSTR-1 return cannot be revised once it is submitted on the GST portal.
So, how to revise GSTR 1?
If a taxpayer makes any mistake while filing his GSTR-1 return, it can be revised in the GSTR-1 to be filed for the next tax period.
For example: If a GST registered taxpayer who files monthly GSTR-1 makes a mistake in GSTR-1 for November 2022, then this error can be rectified while filing GSTR-1 for the month of December 2022.
To learn more on ‘How to revise GSTR 1 after filing’ read our detailed blog for the amendments for GSTR1 filing process.
We hope, you got the clear understand on how to rectify GSTR 1.
GSTR-1 auto-population with e-Invoice data
Government has made a provision that allows auto-population of your GSTR-1 return with the e-Invoice data thus, reducing the efforts of re-uploading the same data twice.
In this section we explain the fields in your GSTR 1 that gets auto-populated based on your e-Invoice generation.
Which details from your e-Invoice gets auto-populated to your GSTR-1?
Type of Supply
Auto-populated in GSTR-1
Taxable outward supplies made to registered persons (other than registered under reverse charge mechanism)
B2B 4A - Supplies other than those (i) attracting reverse charge and
Taxable outward supplies made to registered persons attracting reverse charge
B2B 4B - Supplies attracting tax on reverse charge basis
EXP 6A – Exports
Credit or debit notes issued to registered persons
CDNR 9B – Credit or debit notes (Registered) -
Credit or debit notes issued to unregistered persons
CDNUR 9B – Credit or debit notes (Unregistered) – with UR type as Exports with payment and without payment of tax
When will the e-Invoice data be auto-populated in the GSTR-1?
What if there is a mismatch between the uploaded invoice and the auto-populated GSTR-1 details?
Can we file GSTR-3B without filing GSTR-1?
GSTR-3B is a consolidated summary of inward and outward supplies made in a particular tax period filed every month. (QRMP scheme taxpayers file quarterly)
GSTR 3B filing is a self-declared summary filed every month by a GST registered taxpayer.
Taxpayers must note that, GSTR-1 return CAN NOT be filed if your previous tax period’s GSTR-3B is NOT filed.
Hence, taxpayers must understand that the GSTR-3B vs. GSTR-1 reconciliation is an essential one.
How can GSTHero help in a smooth reconciliation?
A taxpayer must have his GSTR-1 reconciled against the GSTR-3B form to spot discrepancies in his outward supplies returns.
If GSTR-1 is filed incorrectly, the recipient of this supplier will not be able to avail of maximum Input Tax Credit, which will affect his business workflow.
Manual reconciliation is a tedious task, and there is a high probability of human-induced errors in it.
However, tax experts advise using automated reconciliation software like GSTHero, for all your reconciliation & GST return filing process.
Benefits of using automated GST return filing solution:
- Yes, Even if there is no sale in a month, it is required to file the GSTR-1 as a NIL return.
- Understand more about NIL GST returns.
- Late fees for GSTR filing of NIL GSTR-1 return is capped at maximum of Rs. 500.
- W.e.f January 1st 2021, GSTR-1 return has to be filed prior to filing GSTR-3B return.
- Exports are inter-state zero-rated Supplies. Hence the Taxpayer has 2 options:
a. Export without paying any integrated tax & then claim ITC refund on the exports made. OR
b. Pay the full IGST amount and then claim the refund for the same.
- Taxpayers have to furnish the HSN code summary for all the good supplied in a month in their GSTR-1 return.
- Four or Six digit HSN code is now to be mandatorily furnished in your GSTR-1 return.
- Following fields CAN NOT be amended in the GSTR-1:
- Changing of tax invoice to bill of supply
- For Export invoices
- Shipping bill date, Bill of export date, Type of export - For Credit/Debit Notes – GSTIN of either parties, POS, reason for Reverse Charge.
- NIL returns - HSN Summary details
- New Place of Supply (POS) is not allowed to be added
In this comprehensive article, we have covered all important facets of GSTR-1 filing. Taxpayers must understand that it is very important to accurately file your GSTR-1 return as the ITC claim of your recipient depends on this.
In case if a supplier delays his GSTR-1 filing, the recipient shall not be able to claim eligible GST Input Tax Credit for the month.
Using an automated GST return filing tool will help businesses to identify mismatches and save a lot of time that goes into spotting errors later.
Stay updated; stay ahead!
Until the next time….
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