What is GSTR-1 return & How to file GSTR 1 return?

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GSTR-1 is a monthly return showing the details of outward supplies during the month need to file and GSTR-1 will have to file every month on or before the due date until applicability of new GST returns

As per GST Portal, GSTR-1 return is a monthly 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. Every registered taxable person, other than an input service distributor/ composition taxpayer/persons liable to deduct tax u/s 51 / persons liable to collect tax u/s 52 is required to file GSTR-1, the details of outward supplies of goods and/or services during a tax period, electronically on the GST Portal.

Is GSTR-1 filing mandatory?

GSTR-1 will have to file even if there is no business activity (Nil Return) in the tax period.

GSTR-1 is a summary return of outward supplies which is mandatory to file every month or quarter as per choice.

What are the details to be shown in GSTR-1 Return?

The following details of a tax period have to be shown in GSTR-1 return-

  • Invoice level details of supplies to registered persons including those having UIN;
  • Invoice level details of Inter-State supplies of invoice value greater than Rs. 2,50,000 to unregistered persons (consumers);
  • Details of Credit/Debit Notes issued by the supplier against invoices;
  • Details of export of goods and services including deemed exports (SEZ);
  • Summarised state level details of supplies to unregistered persons (consumers);
  • Summary Details of Advances received in relation to future supply and their adjustment;
  • Details of any amendments effected to the reported information for either of the above categories;
  • Nil- rated, exempted, and non-GST supplies; and
  • HSN/SAC wise summary of outward supplies.

Who can not file the GSTR-1 return?

The following taxpayers are not required to file GSTR-1-

  • Taxpayers under the Composition Scheme (Return to be filled by them in GSTR 4).
  • Non-resident foreign taxpayers (Return to be filled by them in GSTR 5).
  • Online information database and access retrieval service provider (Return to be filled by them in GSTR 5A).
  • Input Service Distributors (ISD) (Return to be filled by them in GSTR-6).
  • Tax Deducted at Source (TDS) (deductors) (Return to be filled by them in GSTR-7).
  • E-commerce operators collecting TCS (Return to be filled by them in GSTR-8).

How to file the GSTR-1 return?

There is a simple process to file GST returns online but before filing a taxpayer need to know

Pre-requisites for filing GSTR-1

  • The taxpayer should be a registered taxpayer and should have an active GSTIN during the tax period for which GSTR-1 has to be furnished;
  • And the taxpayer should have valid login credentials (i.e., User ID and password) to login into GST Portal;
  • The taxpayer should have an active and non-expired/ revoked digital signature (DSC), in case the digital signature is mandatory;
  • In case taxpayer wants to use EVC, they must have access to the registered mobile number of the Primary Authorized Signatory

Modes of preparing GSTR-1

  • Online entry on the GST Portal.
  • Uploading of invoice and other GSTR-1 data using Returns Offline Tool.
  • Using third party application of Application Software Provider (ASPs) through GST Suvidha Providers (GSPs).

After all these preparation you can file your GSTR-1 return online within 10 minutes with the help of these steps-

Steps to file GSTR-1

  • First of all, open GST Portal and log in with the user name or password.
  • Then go to return dashboard
  • Now choose the financial year and return filing period (month or quarter)
  • Then keep all the details according to the format of GSTR-1 in hand.
  • After that choose any mode (prepare online or offline mode).
  • If you choose to prepare online then fill all detail which is required to fill and if choose to prepare offline then upload all detail according to available offline tool for GSTR-1.
  • After filling all necessary details just save all then click on the submit button.
  • And at last, just you need to file the return through verification by OTP or digital signature as per choice.
  • After that, you can say the GSTR-1 is filled because the submission of the return will not be treated as filed until you verify the return.

Can we amend the GSTR-1 return?

No, we can not amend the GSTR-1 return after filing it but any mistake can be rectified in the next month’s GSTR-1 return before the due date applicable for rectification.

And the taxpayers can modify/delete invoices any number of times till they submit the GSTR-1 of that particular tax period. The uploaded invoice details are in a draft version and can be changed irrespective of the due date until the GSTR-1 is submitted.

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