GSTR-1 is a monthly or quarterly return âbased on the taxpayerâs annual turnoverâ that must be filed by every registered taxpayer. GSTR-1 comprises the details about the outward supplies of goods and services or both. The return has 13 sections. These sections are expressed below
GSTR 1: What is Form GSTR 1, GSTR-1 Due Dates, Late fee
GSTR-1 is a defined form for all the registered taxpayers who deal in outward supplies of goods or services. GSTR-1 is a monthly or quarterly return form that contains the details of all the outward supplies of goods and services.
GSTR-1 is a monthly or quarterly return âbased on the taxpayerâs annual turnoverâ that must be filed by every registered taxpayer. GSTR-1 comprises the details about the outward supplies of goods and services or both. The return has 13 sections. These sections are expressed below-
Tables 1, 2, and 3
GSTIN trade and legal names, and moderate turnover in the last year.
Table 4:
Taxable outward supplies for the enrolled individuals (containing UIN) holders which do not comprise zero-rated supplies and exports.
Table 5
Taxable outward inter-state supplies to someone who is not registered where the invoice value surpasses Rs.2.5 lakh
Table 6:
Zero-rated supplies along with deemed exports
Table 7:
Taxable supplies to the person who has not registered apart from the supplies which are concealed in table 5 (net of debit and credit notes)
Table 8
Non-GST in compliance and zero-rated outward supplies confidential and.
Table 9:
Modifications or corrections to the taxable outward supply and reported under tables 4, 5, and 6 of the last
tax periods GSTR-1 return which contains the debit notes, credit notes, and refund vouchers furnished in the current period.
Table 10:
Provide the debit/credit note to the individuals who are not registered.
Table 11:
Information on the advances obtained or managed in the present tax period or changes in the details reported in the previous tax period.
Table 12:
Outward supplies summary including the grounds of HSN codes.
Table 13:
The credentials provided in the span.
Who is Required to File GSTR-1?
All the registered individuals have to file GSTR-1 irrespective of whether there have been performed any type of transaction throughout the period or not. Even when there is a nil GSTR-1 filer, there is a facility to provide via SMS. It started in the first week of July 2020.
The following individuals are not needed to file GSTR-1
Non-resident taxable person.
Taxpayer liable to collect TCS.
Taxpayer liable to deduct TDS.
Suppliers of online details (Including database access or recovery services) (OIDAR), who have to pay tax themselves.
Input Service Distributors.
Composition Dealers.
Penalties and Late Fee
As per the regulations or GST, There will be a late fee of Rs. 200 per day for not furnishing GSTR-1 or for late filing (Rs. 100 under CGST Act and Rs. 100 as per SGST Act).
The late fee will be from the date post to the last date. But after the notifications issued up to Feb 2021, the late fees will be levied on somewhat a less fee of Rs. 50 per day and Rs. 20 per day when the returns are nil.
How to Revise GSTR-1?
Once the returns are filed then these can not be revised. The mistakes and omissions made in the returns can be improved in the GSTR-1 furnished for the following month or quarter. It shows that if the mistake is made in the GSTR-1 of January 2022 then the correction can also be done in the GSTR-1 of February 2022.
We have drawn a table below describing the late fee to be charged
Act
Daily late fee for the delay
Maximum late fee (In case annual turnover in the last financial year is up to Rs.1.5 crore)
Maximum late fee (In case annual turnover is between Rs.1.5 Cr. and Rs.5Cr)
Maximum late fee (In case of turnover is above Rs.5 crore)
CGST Act, 2017
Rs.25
Rs. 1,000
Rs 5,000
Rs. 5,000
SCGT Act, 2017/ UTGST Act, 2017
Rs. 25
Rs. 1,000
Rs 2,500
Rs. 5,000
Total late fees
Rs 50
Rs 2,000
Rs 5,000
Rs. 10,000
Due Dates For Filing GSTR-1
The due dates for GSTR-1 are prescribed based on your average turnover. Businesses with a turnover up to Rs.5 Cr. have an alternative to file quarterly returns under the QRMP scheme which are due by the 13th of the month following the appropriate quarter.
For businesses with turnover
Month/Quarter
Due Date
More than Rs.5 crore
Oct-2021
11th of Nov-2021
Nov-2021
11th of Dec-2021
Dec-2021
11th of Jan-2022
Jan-2022
26th of Feb-2022
Feb-2022
11th of Mar-2022
Mar-2022
11th of April-2022
Turnover up to Rs.5 crore
(QRMP Scheme)
Oct-Dec 2021
13th of Jan-2022
Jan-Mar 2022
13th of Apr-2022
Due Dates of Turnover up to Rs.1.5 Cr
Time (Quarterly)
Due Dates
July to Sep-2022
13th of Oct-2022
April to June-2022
13th of July-2022
January to Mar-2022
13th of April-2022
Oct to Dec-2021
13th of Jan-2022
October to Dec-2021
13th of Oct-2021
April to June-2021
13th of July-2021
Due Dates of Turnover More Than Rs.1.5 Cr
Period (Monthly)
Due Dates
Oct-2022
11th Nov-2022
Sep-2022
11th Oct-2022
Aug-2022
11th Sep-2022
July-2022
11th Aug-2022
June-2022
11th of July-2022
May-2022
11th of June-2022
April-2022
11th of May-2022
Mar-2022
11th of April-2022
Feb-2022
11th of Mar-2022
Jan-2022
11th of Feb-2022
Dec-2021
11th of Jan-2022