What is GSTR-1?
GSTR-1 is a monthly or quarterly return filed by every registered dealer in order to show the details of their outward supplies i.e. sales. There are total 13 sections in GSTR-1.
Who should file GSTR-1?
It is mandatory for every registered dealer to file GSTR-1 whether any sales transaction has taken place in a month or not. The registered persons who are exempted to file the returns are as follows –
- Composition dealers
- Input service distributors
- Non-resident taxable person
- Taxpayer liable to deduct TDS
- Taxpayer liable to collect TCS
- Persons who are supplier of online information & database access or retrieval services (OIDAR) and paying taxes under section 14 of the IGST act.
GSTR-1 Due Date
Due dates for filing GSTR- 1 depends upon the turnover of the registered dealer. As per the latest information notified by CBIC, the due dates for filing GSTR-1 for months of June, July, August, September, October, November & December 2019 are given below -
Due Dates for Filing GSTR-1 Monthly
Businesses having sales turnover of more than Rs.1.5 crore should choose the option of filing monthly returns for which the due dates are given below –
|June 2019||11th July 2019|
|July 2019||11th August 2019|
|August 2019||11th September 2019|
|September 2019||11th October 2019|
|October 2019||11th November 2019|
|November 2019||11th December 2019|
|December 2019||11th January 2020|
Due Dates for Filing GSTR-1 Quarterly
Businesses having sales turnover up to Rs.1.5 crore should choose the option of filing quarterly returns for which the due dates are given below –
|April - June 2019||31st July 2019|
|July - September 2019||31st October 2019|
|October - December 2019||31st January 2020|
How to revise GSTR-1?
Once a return is filed, it cannot be revised but if you have done any mistake in the current period, you are having the option to rectify that mistake in the next periods (monthly/quarterly) of return. For ex – If you made a mistake in July GSTR-1, you can rectify that mistake in August GSTR-1.
Penalty for Late GSTR-1 Filing
As per the latest update, late fee for filing GSTR-1 is Rs.50 per day whereas it is Rs.20 per day in case you file nil returns.
GSTR-1 Return Form Format
Download Form GSTR-1 by clicking below link –