Due to the ongoing COVID-19 pandemic, the GSTR-1 filing deadline has been pushed back. The new deadlines are listed below.
India’s taxation system and economy have undergone a major change since the introduction of GST (Goods and Services Tax). Taxation has been simplified and more straightforward due to the GST, which combines numerous indirect taxes under one umbrella.
GST registered taxpayers with annual turnovers exceeding $5 crore must submit the GSTR-1 every month. Taxpayers must file the GSTR-1 monthly to summarize their outgoing supplies. Some taxpayers can also file the form quarterly. An overview of the GSTR-1 filing process and its due date is provided in the following information.
Format For GSTR-1 Filings:
Every GST-registered taxpayer is required to submit either a monthly or quarterly GSTR-1 form. There are a total of 13 sections in the GSTR-1, including the following:
|Tables 1, 2 & 3||Total turnover, GSTIN, and legal and trade names from last year|
|Table 4||Providing goods and services to registered persons (including holders of UINs).|
|Table 5||Tax is imposed on supplies made to unregistered persons
where the invoice amount exceeds *2.5 lakhs
|Table 6||Imports and exports rated zero|
|Table 7||Supplies taxable to registered persons (including holders of UINs), excluding zero-rated supplies and deemed exports|
|Table 8||GST-exempt and GST-non-exempt supplies have no returns|
|Table 9||In the GSTR-1 return for prior tax periods, the tables 4,5, & 6 list modifications to taxable outward supplies (including debit notes, credit notes, and refund vouchers issued during the current period)|
|Table 10||The previous month’s taxable sales/supplies to unregistered businesses have been amended.|
|Table 11||Information on advances received or adjusted during the current tax period as well as changes to information submitted during the previous tax period.|
|Table 12||Outward supplies summarized by HSN.|
|Table 13||During the month, all invoices, credit notes, and debit notes must be included (with serial numbers).|
Exemption From Filing GSTR-1
All business owners who pay GST are required to file the GSTR-1
There is no turnover. Individuals not required to file a GSTR-1, however, include:
- Those who have opted in to the composition scheme are eligible
- Input services distributors
- Access to databases, online information, or retrieval services
- Providers who pay their own taxes (Section 14 of the IGST Act)
- Individuals who are not U.S. citizens
- Taxpayers are responsible for collecting TCS
- Taxpayers deduct TDS.
When Is The GSTR-1 Filing Deadline?
*5 crores is the maximum turnover that can be filed quarterly by businesses. Businesses with annual revenue over five crores, however, must file annually. Since the ongoing COVID-19 pandemic has resulted in a relaxed GSTR-1 filing deadline, the due date has been pushed back. See the update below.
|Return||Limit Of turnover||Duration||Date Of Due|
|GSTR-1 monthly||5 crores or more||January 2021||11 Feb 2021|
|February 2021||11 March 2021|
|March 2021||11 April 2021|
|April 2021||26 May 2021
|May 2021||26 June 2021
|June 2021||11 July 2021|
|July 2021||11 August 2021|
|August 2021||11 September 2021|
|September 2021||11 October 2021|
|October 2021||11 November 2021|
|November 2021||11 December 2021|
|December 2021||11 January 2022|
As of 21 July 2021, the CBIC has not yet notified the extended due dates for GSTR-1 from June 2021 onward.
What Are the Steps to File GSTR-1 Online?
Step 1: Users must first log in to the GST portal
Step 2: The user should navigate to Services > Returns > Returns Dashboard from the homepage
Step 3: A tax filing option will appear after that. Specify which year and month you would like to file.
Step 4: Choosing whether to prepare your return online or offline is the next step
Step 5: Provide information about outward supplies. Don’t forget to include information about total turnover.
Step 6: Invoices must be filled out next. Some examples are:
- Invoices 4A, 4B, 4C, 6B, 6C for B2B
- Item 5A and 5B of B2C invoices
- Invoice 9B is a registered credit or debit note
- A 9B invoice for unregistered credit or debit notes is also available
- Invoice 6A is used for export invoices
- BC invoices less than 2.5 lakhs
- The invoices 8A, 8B, 8C, and 8D pertain to nil-rated supplies
- Detailed information on advances received can be found in Invoices 11A(1) and 11A(2)
- Corrections to advance invoices 11B(1) and 11B(2)
- HSN’s outbound supplies summary
- Published documents
Step 7: Once a declaration is agreed upon at the end of the process, the process is completed.
GSTR-1 filings are not for everyone. GST specialists such as Vakilsearch are best suited to handle this tedious work. Contact us today!
SMS Nil GSTR-1 Filings
Beginning in July 2020, SMS will be able to file NIL GSTR-1 as follows:
Format for NIL GSTR-1 Filing via SMS: NIL>>space>>R1>>space>>GSTIN>>space>>Tax period (MMYYYY)
- Use the below format to send an SMS to 14409
- You will receive a 6-digit code after sending the message
- Please send the following SMS to 14409 CNF>>space>>R1>>space>>6-Digit-Code to confirm the GSTR-1 filing.
- A confirmation SMS will be sent to your registered mobile number upon successful validation of your request
- If users need help with the GSTR-1 filing process, they can text HELP to 14409: HELP>>space>> Return type (R1).
GST Penalties and Interest on Non-filing
Dealers must file their GST returns on time in order to ensure compliance with the GST regime. Noncompliance is punishable by interest and penalties. Take a look.