GSTR-1 – Return Filing, Format, Eligibility & Rules by Dhanvijay And Associate

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    GSTR-1 – Return Filing, Format,                        Eligibility & Rules

       GSTR-1 is a monthly return that summarizes all sales (outward supplies) of a taxpayer.

      Basics of GSTR-1:


   What is GSTR-1?

   GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer.         contains details of all outward supplies i.e sales.

  When is GSTR-1 due?

   The due dates for GSTR-1 are based on your turnover.
  The Businesses has a turnover of up to  1.5 crores has to file GSTR-1 in quarterly return.
   And the Business has a turnover of more than 1.5 crores has to file monthly return. 

  Who should file GSTR-1?

 Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not.

 How to revise GSTR-1?

Return once filed cannot be revised.

Late Fees and Penalty

Late Fees for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per the CGST Act and Rs. 100 as per the SGST Act. The late fees will be charged from the date after the due date.

  General queries on GSTR-1

  Should I file GSTR-1 even if there are no sales in a month?

   Can I upload the invoice only while filing the return

   Can I change a bill uploaded on GST?

   I have opted for composition scheme. Should I file GSTR-1?

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