1. Basics of GSTR-1
A. What is GSTR-1?
GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales.
The return has a total of 13 sections.
B. When is GSTR-1 due?
The due dates for GSTR-1 are based on your turnover. Until March 2018 the due dates for the return has been notified.
Businesses with sales of up to Rs. 1.5 crore will file quarterly returns.
Other taxpayers with sales above Rs. 1.5 crore have to file monthly return.
Here are the due dates for the return until March 2018.
If your turnover is greater than Rs. 1.5 crore a return should be filed for every month. This means that 4 returns have to be filed for each month July, August, September, and October.
C. 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.
The following registered persons are exempt from filing the return:
- Input Service Distributors
- Composition Dealers
- Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)
- Non-resident taxable person
- Taxpayer liable to collect TCS
- Taxpayer liable to deduct TDS
D. How to revise GSTR-1?
Return once filed cannot be revised. Any mistake made in the return can be rectified in the next periods (month/quarter) return. It means that if a mistake is made in September GSTR-1, rectification for the same can be made in October’s GSTR-1.
E. Late Fees and Penalty
Late Fees for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per CGST Act and Rs. 100 as per SGST Act. The late fees will be charged from the date after the due date.
2. How to file GSTR-1 on ClearTax GST Software?
FIling on ClearTax GST Software is simple and quick. Here is a detailed guide to file GSTR-1 on ClearTax GST Software.
ClearTax GST Advantage:
- Sales invoices can be imported to the software.
- Update values on GST Portal/ GSTN without login to GST Portal.
- Import of sales details from Tally/Busy or Government Software
- Bulk updation of invoices.
3. General queries on GSTR-1
A. Should I file GSTR-1 even if there are no sales in a month?
Yes, filing GSTR 1 is mandatory. If your total sales for a year is less than Rs 1.5 crore you need to file the return on a quarterly basis
B. Can I upload invoice only while filing the return?
You can upload invoices anytime. It is highly advised that you upload invoices at regular intervals during the month to avoid bulk upload at the time of filing return. This is because bulk upload takes a lot of time.
C. Can I change a bill uploaded on GST?
After uploading bills you can make changes multiple times. There is no restriction on changing invoices after uploading them. But you can change an invoice only before submitting a return. Once submitted the numbers are frozen.
D. Should I file GSTR-1 even after filing GSTR-3B?
GSTR-3B is a simple return to be filed by traders on a monthly basis only till March 2018. You still need to file the return on a monthly or a quarterly basis.
E. I have opted for composition scheme. Should I file GSTR-1?
GSTR-1 should not be filed by you. GSTR-4 on a quarterly basis has to be filed by a taxpayer opting for composition scheme.
F. Should I make GST payment after filing GSTR-1?
GSTR-1 is a return where details of sales are filed with the government. No tax has to be paid after filing this return. The tax has to be paid at the time of filing GSTR-3B (until March 2018).
G. I filed GSTR-1 for July 2017. My annual sales are below Rs. 1.5 lakh. Should I file a quarterly or monthly return?
You need to file a quarterly return. Also since July return is already filed you should omit July sales from your return.
For further reading and understanding:
- Guide to file GSTR-1 using ClearTax GST Software
- How to file GSTR-1 on Government Portal
- Guide to file GSTR-1 on Tally
- Details to be mentioned in GSTR-1
You can now create GST compliant invoices for FREE on ClearTax BillBook.