GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e. sales. The return has a total of 13 sections. Tax payers are to enter details relevant to their sales & outward supplies in the GSTR 1 sales return.
Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not.
• Input Service Distributors
• Composition Dealers
• Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)
• Non-resident taxable person
• Taxpayer liable to collect TCS
• Taxpayer liable to deduct TDS.synmac provide you the best gst return filing consultants in bangalore, chennai & delhi.synmac provide you the best gst return filing consultants in bangalore, chennai & delhi.
The due dates for GSTR-1 are based on your turnover. Businesses with sales of upto Rs. 1.5 crore will file quarterly returns. Other taxpayers with sales above Rs. 1.5 crore have to file monthly return.synmac provide you the best gst return filing consultants in bangalore, chennai & delhi.
Late Fees for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per CGST Act and Rs. 100 as per SGST Act). The late fees will be charged from the date after the due date. As per Latest Update, the late fees have been reduced to Rs. 50 per day and Rs 20 per day (for nil return).
Return once filed cannot be revised. Any mistake made in the return can be rectified in the next periods (month/quarter) return. It means that if a mistake is made in September GSTR-1, rectification for the same can be made in October’s GSTR-1.
• Taxpayers with an annual turnover less than Rs. 1.5 crore should file their GSTR 1 on a quarterly basis. The deadline for these taxpayers is the 30th of the month following the end of the quarter.
• Taxpayers with an annual turnover more than Rs. 1.5 crore, should file their GSTR 1 on a monthly basis, and the deadline for these taxpayers is the 10th of the alternate month.synmac provide you the best gst return filing consultants in bangalore, chennai & delhi.
• Access the www.gst.gov.in URL. The GST Home page is displayed.
• Login to the GST Portal with valid credentials i.e. your user id and password
• The File Returns page is displayed. Select the Financial Year & Return Filing Period (Month) for which you want to file the return from the drop-down list.
• Click the SEARCH button.synmac provide you the best gst return filing consultants in bangalore, chennai & delhi.
The File Returns page is displayed. This page displays the due date of filing the returns, which the taxpayer is required to file using separate tiles.
In the GSTR-1 tile, click the PREPARE ONLINE button if you want to prepare the return by making entries on the GST Portal.synmac provide you the best gst return filing consultants in bangalore, chennai & delhi.
The due date for filing GSTR-1 is 10th of every month.
You can click the PREPARE OFFLINE buttonto upload the JSON (Java Script Object Notation) file containing invoice details and other GSTR-1 details in the GSTN specified format prepared through the GSTN provided offline tools or any other software.
There will be no. of tiles representing Tables to enter relevant details. Click on the tile names to know and enter related details:
GSTR-1 – Invoice Details
4A, 4B, 4C, 6B, 6C – B2B Invoices: To add an invoice for taxable outwards supplies to a registered person.
5A, 5B – B2C (Large) Invoices: To add an invoice for taxable outwards supplies to a consumer, where place of supply is other than the State where supplier is located (Inter-state supplies) and invoice value is more than Rs. 2.5 lakh.
9B – Credit / Debit Notes (Registered): To add details of credit or debit notes issued to the registered recipients.
9B – Credit / Debit Notes (Unregistered): To add details of credit, debit notes or refund voucher issued to the unregistered recipients.
6A – Exports Invoices: To add an invoice for supplies exported.
GSTR-1 – Other Details.
7- B2C Others: To add consolidated details of taxable outwards supplies to a customer where invoice value is less than Rs.
2.5 lakh and all intra state supplies to unregistered customers
8A, 8B, 8C, 8D – Nil Rated Supplies: Nil Rated Supplies: To add consolidated details of nil rated, exempted and Non-GST Outward supplies.
11A(1), 11A(2) – Tax Liability (Advances Received): Tax Liability (Advances Received): To add details of transactions attracting tax liability arising on account of Time of Supply (like receipt of advances)
11B(1), 11B(2) – Adjustment of Advances: To add the advance amount received in earlier tax period and adjusted against the supplies being shown in this tax period
12 – HSN-wise-summary of outward supplies: To furnish the summarized details of all outward supplies HSN and rate wise along with quantitative details.
13 – Documents Issued: To add the details of documents issued during the tax period.synmac provide you the best gst return filing consultants in bangalore, chennai & delhi.
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