Explaining GSTR-1 (Outward Sales / Invoices) Return along with FAQs
Every registered person other than the persons prescribed should furnish the details of outward supplies of goods or services or both in form GSTR 1. GSTR 1 should be furnished electronically through a common portal either directly or through a facilitation centre notified by the commissioner.
Every registered person other than the following persons should file GSTR 1. The following are not required to file GSTR 1
The Government of India has provided the option of filing returns on quarterly basis to registered persons having turnover less than or equal to Rs 1.5 crores.
The registered tax payers whose turnover is upto Rs 1.5 crores in the preceding financial year or the current financial year has to file GSTR 1 on quarterly basis.
The due dates are as follows:
The registered tax payers whose turnover is more than Rs 1.5 crores in the preceding financial year or the current financial year has to file GSTR 1 on monthly basis. GSTR 1 is required to be filed on or before 11th day of month succeeding such month. But the Government of India has extended the due dates for few months as follows:
|July 2017 - September 2018||31st October , 2018|
|October 2018||11th November , 2018|
|November 2018||11th December , 2018|
|December 2018||11th January , 2019|
|January 2019||11th February , 2019|
|February 2019||11th March , 2019|
|March 2019||11th April , 2019|
The supplier has to furnish the details of invoices, debit notes, credit notes and revised invoices issued in relation to outward supplies made during the tax period. Key points to be disclosed are as follows
HSN summary wise details should be furnished in GSTR 1. The Government of India has mandated the HSN Code requirement as follows
|Turnover during the preceding financial year||HSN Requirement|
|Aggregate Turnover is < 1.5 crores|
|Aggregate Turnover is 1.5 to 5 crores|
|Aggregate Turnover is > 5 crores|
GSTR 1 needs to be filed even if there is no business activity in the tax period.
Yes, the details uploaded by the supplier in GSTR-1 would be communicated to the recipient in Part A of FORM GSTR-2A, which is an auto-drafted form on real time basis.
No, the tax payer can furnish the details of export invoices in GSTR 1 and file the return without mentioning the shipping bill number and date if shipping bill details are not readily available.
GSTR-1 can be prepared using the following modes through:
GSTR 1 once filed cannot be revised. However, the details furnished in Form GSTR-1 which have remained can be rectified as and when the error or omission is discovered. Error in outward Supply filings can be corrected by amendments in Table 9 and 10 of GSTR1.
The due date within which tax payer can rectify the errors or omission in respect of details furnished in GSTR 1shall be earlier of following
The pre-requisites for filing GSTR 1 are as follows
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