TaxTMI 
TaxTMI 
FILING OF GSTR–1 FORM
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....ILING OF GSTR–1 FORM<br>By: - DR.MARIAPPAN GOVINDARAJAN<br>Goods and Services Tax - GST<br>Dated:- 2-4-2025<br>Introduction The Central Goods and Services Tax Act, 2017 ('Act' for short) provides for filing of various returns. Rule 59(1) provides for filing of GSTR-1, for filing the details of outward supplies of goods or services of a registered person. The 'details of outward supplies' shall include details of invoices, debit notes, credit notes and revised invoices issued in relation to outward supplies made during any tax period. Non-requirement to file GSTR - 1 The following tax payers are not required to file GSTR - 1- * Composition scheme opted tax payers; * Non-resident registered persons; * Input Service Distributo....
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....rs; * Online Information database and access retrieval service provider; * Tax deducted at source; * E-commerce operators collecting TCS. Periodicity The GSTR-1 is to be filed monthly/quarterly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services. The registered person can opt to file GSTR-1 quarterly if its aggregate turnover is less than Rs.5 crore during the preceding financial year or expect the aggregate turnover up to Rs. 5 crores. GSTR-1 shall be filed before filing of GSTR - 3B return. Mandatory The GSTR-1, whether filed monthly quarterly is mandatorily to b....
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....e filed. Even if there is no income during the relevant period a NIL return shall be filed. Contents of GSTR-1 The following details are to be entered in GSTR-1 form- * GSTIN; * Legal name of the registered person; Trade name, if any; * ARN Date of ARN * Table No. 4 - Taxable outward supplies made to a registered person (including UIN holders) other than supplies covered under Table No. 6; * Table No. 5 - Taxable outward inter-State supplies to un-registered persons where the invoice value is more than Rs.1 lakh; * Table No. 6 - Zero rated supplies and deemed exports; * Table No. 7 - Taxable supplies (Net of debit notes and credit notes) to unregistered persons other than the supplies covered in Table 5; * Table....
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.... No. 8 - NIL rated, exempted and non-GST outward supplies; * Table No. 9 - Amendments to taxable outward supplies furnished in returns for earlier tax periods in Table No. 4, 5 and 6 including debit and credit notes issued during current period and amendments thereof; * Table No. 10 - Amendments to taxable outward supplies to unregistered persons furnished in returns for earlier tax periods in Table - 7; * Table No. 11 - Consolidated statements of advance received/advance adjusted in the current tax period/Amendments of information furnished in earlier tax period (net of refund vouchers, if any); * Table No. 12 - HSN wise summary of outward supplies; * Table No. 13 - Documents issued during the tax period; * Table No. 14 - Detai....
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....ls of supplies made through e-commerce operators on which e-commerce operators are liable to collect tax under Section 52 of the Act or liable to pay tax under Section 9(5) (supplier to report); * Table No. 14A - Amendment to details of the supplies made through e-commerce operators on which e-commerce operators are liable to collect tax under section 52 of the Act or liable to pay tax u/s 9(5) [Supplier to report]; * Table No. 15 - Details of the supplies made through e-commerce operators on which e-commerce operator is liable to pay tax u/s 9(5) [e-commerce operator to report]; * Table No. 15A (i) - Amendment to details of the supplies made through e-commerce operators on which e-commerce operator is liable to pay ta....
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....x under section 9(5) [e-commerce operator to report, for registered recipients]; * Table No. 15A (ii) - Amendment to details of the supplies made through e-commerce operators on which e-commerce operator is liable to pay tax under section 9(5) [e-commerce operator to report, for unregistered recipients]; and * Verification. Pre-requisites The following are the required pre-requisites to file Form GSTR-1- * During the relevant tax period the concerned person shall be registered under the Act and to have GSTIN; * The registered person shall create login credentials (user id and password) in the GST portal to login into the GST portal; * The taxpayer should have an active and non-expired/ revoked digital signature (DSC), ....
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....in case the digital signature is mandatory; DSC is mandatory in case of all Public and Private Limited Companies, Limited Liability Partnerships, and Foreign Limited Liability Partnerships. * In case taxpayer wants to use EVC, they must have access to the registered mobile number of the Primary Authorized Signatory. Filing date The return GSTR-1 shall be filed on or before the tenth day of the month succeeding the said tax period. The Commissioner may, for reasons to be recorded in writing, by notification, extend the time limit for furnishing such details for such class of taxable persons as may be specified therein. Any extension of time limit notified by the Commissioner of State tax or Comm....
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....issioner of Union territory tax shall be deemed to be notified by the Commissioner. The Commissioner has granted many extensions in this regard especially during the COVID period. QRMP Scheme Quarterly Returns with Monthly Payment (QRMP) Scheme is for eligible taxpayers to file their Form GSTR-1 and Form GSTR-3B returns on quarterly basis, while paying their tax dues on monthly basis through a challan. All taxpayers whose aggregate annual turnover (PAN based) is up to Rs. 5 Crore in the current financial year and the preceding financial year (if applicable) and have already filed their last due Form GSTR-3B return, are eligible for the QRMP scheme. The QRMP scheme is not available to every taxpayer. The taxpa....
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....yer must be registered as a regular taxpayer or opted out of composition scheme Amendment/additional details After furnishing the details of outward supplies of goods or service or both in FORM GSTR-1 for a tax period but before filing of return in FORM GSTR-3B for the said tax period, at his own option, amend or furnish additional details of outward supplies of goods or services or both in FORM GSTR-1A for the said tax period. The additional details or the amendments of the details of outward supplies of goods or services or both furnished in FORM GSTR-1A may, as per the requirement of the registered person, include the - * invoice wise details of - * inter-State and intra-State supplies made to the registered persons; ....
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....and * inter-State supplies with invoice value more than one lakh rupees made to the unregistered persons; * consolidated details of- * intra-State supplies made to unregistered persons for each rate of tax; and * State wise inter-State supplies with invoice value upto one lakh rupees made to unregistered persons for each rate of tax; * debit and credit notes, if any, issued during the month for invoices issued previously. Restrictions A registered person shall not be allowed to furnish the details of outward supplies for a tax period, if the details of outward supplies for any of the previous tax periods has not been furnished by him. However, the Government may, on the recommendations of the GST Council, by notification, ....
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....subject to such conditions and restrictions as may be specified therein, allow a registered person or a class of registered persons to furnish the details of outward supplies even if he has not furnished the details of outward supplies for one or more previous tax periods. A registered person shall not be allowed to furnish the details of outward supplies for a tax period after the expiry of a period of three years from the due date of furnishing the said details. However, the Government may, on the recommendations of the GST Council, by notification, subject to such conditions and restrictions as may be specified therein, allow a registered person or a class of registered persons to furnish the details of outward supplies even if he....
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.... has not furnished the details of outward supplies for one or more previous tax periods. A registered person shall not be allowed to furnish the details of outward supplies in GSTR-1 in the following circumstances- * if he has not furnished the return in FORM GSTR-3B for the preceding month; * if he has not furnished the return in FORM GSTR-3B for the preceding tax period; * if an intimation has been issued on the common portal under rule 88C (1) in respect of a tax period, unless he has either deposited the amount specified in the said intimation or has furnished a reply explaining the reasons for any amount remaining unpaid, as required under the provisions of rule 88C (2); * if an intimation has been issued on the comm....
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....on portal under rule 88D (1) in respect of a tax period or periods, unless he has either paid the amount equal to the excess input tax credit as specified in the said intimation or has furnished a reply explaining the reasons in respect of the amount of excess input tax credit that still remains to be paid, as required under the provisions of rule 88D (2); * if he has not furnished the details of the bank account as per the provisions of rule 10A. Omission/Rectification of error A registered person, upon discovery of any error or omission in a return, after filing the same, may rectify such error or omission and shall pay the tax and interest, if any, in case there is a short payment of tax on account of such error or omission, in the....
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.... return to be furnished for such tax period. No rectification of error or omission in respect of the details furnished in a return shall be allowed after the 30th day of November following the end of the financial year to which such details pertain, or furnishing of the relevant annual return, whichever is earlier. Late fee If GSTR-1 is not filed in due date, the registered person has to pay late fee for belated filing of GSTR-1. The late fee payable for one day is Rs.25/- for CGST and Rs. 25/- for State GST. The maximum late fee will be Rs.10,000/- up to 31.05.2021. After this date the maximum late fee will be Rs.5000/- Late fee for filing NIL return is Rs.10/- for CGST and Rs.10/- for State ....
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....GST. The maximum late fee that can be levied is Rs.500/- (CGST - Rs.250/- +State GST - Rs.250/-).<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....