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 Filing Due Dates 2020
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 January to December 2020 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 –
|Dec 2019||11 Jan 2020|
|Jan 2020||11 Feb 2020|
|Feb 2020||11 Mar 2020|
|Mar 2020||11 Apr 2020|
|Apr 2020||11 May 2020|
|May 2020||11 Jun 2020|
|Jun 2020||11 Jul 2020|
|Jul 2020||11 Aug 2020|
|Aug 2020||11 Sep 2020|
|Sep 2020||11 Oct 2020|
|Oct 2020||11 Nov 2020|
|Nov 2020||11 Dec 2020|
|Dec 2020||11 Jan 2021|
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 –
|Oct - Dec 2019||31st Jan 2020|
|Jan - Mar 2020||31st Apr 2020|
|Apr - Jun 2020||31st Jul 2020|
|Jul - Sep 2020||31st Oct 2020|
|Oct - Dec 2020||31st Jan 2021|
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 –