GSTR- 1- Meaning, Due date, Eligibility and much more.

Form GSTR-1 is a monthly/quarterly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.

The details of outward supplies shall include

1. details of invoices,

2. debit notes, credit notes,

3. advances received, advances adjusted and

4. revised invoices issued in relation to outward supplies made during any tax period.

Who is required to file GSTR- 1?

Every registered person, other than

1. Suppliers of online information and database access or retrieval (OIDAR) services or

2. an Input Service Distributor or

3. a non-resident taxable person or

4. a person paying tax under composition levy or

5. persons liable to collect TCS or persons liable to deduct TDS. Casual taxable person also has to file GSTR-1.

Due Dates to file GSTR- 1

The GSTR-1 return is meant to be filed for every tax period whether or not any supplies of goods or services or both have been made during such tax period.

However, as a measure of easing the compliance requirement for small tax payers, GSTR-1 has been allowed to be filed quarterly by small tax payers. The scheme is QRMP scheme, Quarterly Return for Monthly Payment.

Further, QRMP scheme allows filing of monthly statement of outward Supplies, IFF i.e Invoice Furnishing Facility.

Late fees and Penalty:

In case of GSTR- 1 other than NIL filing:

In case of NIL GSTR- 1 Filing:

Rs 10 each under CGST Act,2017 and SGST/UTGST,2017 Act, Maximum 250 in each Act.

The original late fees used to be Rs.100 per day under each CGST Act,2017 and SGST/UTGST,2017 Act. Also, the original late fee for Nil return filers used to be Rs.25 per day under each CGST Act and SGST/ UTGST Act. 

Later, CBIC has notified reduced late fees to provide relief for businesses having difficulties in GST return filing.

Also, the CBIC issued notification 20/2021 dated 1st June 2021, to cap the maximum late fee chargeable from June 2021 onwards. 

Tables/ Details in GSTR- 1

Tables 1, 2 & 3: GSTIN, legal and trade names, and aggregate turnover in the previous year

Table 4: Taxable outward supplies to registered persons (including UIN-holders) excluding zero-rated supplies and deemed exports

Table 5: Taxable outward inter-state supplies to unregistered persons where the invoice value is more than Rs.2.5 lakh

Table 6: Zero-rated supplies and deemed exports

Table 7: Taxable supplies to unregistered persons other than the supplies covered in table 5 (net of debit notes and credit notes)

Table 8: Outward supplies that are nil rated, exempted and non-GST in nature

Table 9: Amendments to outward supplies that are taxable and reported in table 4,5 & 6 of the earlier tax periods’ GSTR-1 return (including debit notes, credit notes, refund vouchers issued during the current period)

Table 10: Debit note and credit note issued to unregistered person

Table 11: Details of advances received or adjusted in the current tax period or amendments of the information reported in the earlier tax period.

Table 12: Outward supplies summary based on HSN codes

Table 13: Documents issued during the period.

Table 14: For suppliers - Reporting ECO operators' GSTIN-wise sales through e-commerce operators on which e-commerce operators are liable to collect TCS u/s 52 or liable to pay tax u/s 9(5) of the CGST Act

Table 14A: For suppliers - Amendments to Table 14

Table 15: For e-commerce operators - Reporting both B2B and B2C, suppliers' GSTIN-wise sales through e-commerce operators on which e-commerce operator must deposit TCS u/s 9(5) of the CGST Act

Table 15A: For e-commerce operators - Table 15A I - Amendments to Table 15 for sales to GST registered persons (B2B) Table 15A II - Amendments to Table 15 for sales to unregistered persons (B2C)

Latest Updates on GSTR-1

1st February 2023

Budget 2023 updates (to be notified)-

Taxpayers cannot file GSTR-1 beyond three years from the relevant due date of such GSTR-1 for a tax period as per amendment to Section 37 of the CGST Act.

26th December 2022

Few new tables are inserted in GSTR-1 format as follows-

(1) For suppliers - Table 14 - Reporting ECO operators' GSTIN-wise sales through e-commerce operators on which e-commerce operators are liable to collect TCS u/s 52 or liable to pay tax u/s 9(5) of the CGST Act

(2) For suppliers -Table 14A - Amendments to Table 14

(3) For e-commerce operators - Table 15 - Reporting both B2B and B2C, suppliers' GSTIN-wise sales through e-commerce operators on which e-commerce operator must deposit TCS u/s 9(5) of the CGST Act

(4) For e-commerce operators - Table 15A

Table 15A I - Amendments to Table 15 for sales to GST registered persons (B2B)

Table 15A II - Amendments to Table 15 for sales to unregistered persons (B2C)

1st February 2022

Budget 2022 updates-

(1) The last date to make amendments, corrections in GSTR-1, and upload missed invoices or debit/notes of one financial year is no longer the due date to file September return of the following year, but it is 30th November of the following year or filing of annual return, whichever is earlier.

(2) The amendments also prescribe tax period-wise sequential filing of details of outward supplies.

HOW to File GSTR- 1?

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