GSTR 1 Explained

Outward Sales(Invoices)

Key Components of GSTR 1 Return:

GSTR 1 includes the details of outward supplies (Sales) made by the registered taxable person.

It includes the following details,

  • Business Name along with GSTIN, financial year and tax period.
  • B2B details like GSTIN of recipient, Invoice number, date, value, place of supply, rate, tax etc.
  • B2CL details like Invoice number, date, value, place of supply, rate, tax etc.
  • B2CS details like place of supply, rate, tax etc.
  • Debit / credit notes issued for registered persons and unregistered persons.
  • Details of exports if any made.
  • Details of gross advance received and adjusted.
  • Details of exempted, nil rated goods, non-GST goods and HSN summary details if any.

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GSTR 1 Return Filing

Quick GSTR 1 FAQs

1Is GSTR 1 filing mandatory?

GSTR 1 needs to be filed even if there is no business activity (Nil return) in the tax period.

2What are available modes of preparing GSTR 1?

GSTR 1 can be prepared through the following modes.

  • Online entry in the GST portal.
  • Uploading of invoice and other data using returns offline tool.
  • Using third party application like ASPs through GSP’s.
3Which type of registered taxpayers are not required to file GSTR 1?

The following taxpayers are not required to file GSTR 1

  1. TaxPayers registered under Composition scheme.
  2. Non-resident foreign taxpayers.
  3. Input Service Distributors.
  4. Tax Deductor.
  5. E Commerce operators deducting TCS.

4What is the due date for the payment of monthly tax liabilities for normal taxpayers?

A normal taxpayer is required to discharge tax liability at the time of filing GSTR 3. The current due date for filing GSTR 3 is 20th of succeeding month.

5What are the prerequisites for filing GSTR 1?

  1. The taxpayer should have a valid GSTIN and login credentials.
  2. The taxpayer should have active DSC if DSC is mandatory.
  3. If taxpayer wants to use E- Sign, he must have valid Aadhar number with access to mobile number and email.
  4. If taxpayer wants to use EVC he must have valid mobile number and e mail id.

6Is DSC mandatory for all types of taxpayers?

DSC is not mandatory for all types of taxpayers. It is mandatory for all public & private limited companies, Limited Liability Partnerships(LLPs).

7What are B2B, B2C Supplies?

  • B2B: It refers to supplies between registered taxable entities.
  • B2C: It refers to supplies between registered supplier & Unregistered buyer.