GSTR 1 Explained

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According to the Model GST law, every registered taxable person is required to submit “Details of Outward Supplies” in GSTR1. This return needs to be filed within 10 days from the end of the tax period. 

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The GST Council in its meeting on the July 2-3 had shared a revised format for the returns which have to be filed under the GST regime. In the article below, we will discuss the new format and the revised heads.

According to the GST law, every registered taxable person is required to submit the details of the outward supplies in the GSTR-1. This return has to be filed within 10 days from the end of the tax period, or the transaction month.

GSTR1 has in all a total of 13 headings. However, the taxable person does not have worry as most of these will be prefilled. Before we discuss the various sections of this return, we have to understand certain terms. These are:

  1. GSTIN – Goods and Services Taxpayer Identification Number
  2. SAC-Service Accounting Code
  3. UID – Unique Identity Number for Embassies
  4. POS-Place of Supply of Goods or Services-State Code  needs to be mentioned
  5. HSN – Harmonized System of Nomenclature for goods
  6. GDI – Government Department Unique ID where department does not have a GSTIN

Given below are the various section headings under GSTR-1:

  1. GSTIN: Each taxpayer will be allotted a state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN).The GSTIN of the taxpayer will be auto-populated at the time of the return filing. The format of the proposed GSTIN is shown in the image below.
  • Name of the taxpayer: The name of the taxpayer will also be auto-populated at the time of the logging into the common GST Portal.
  • Gross turnover of the taxpayer in the previous Financial Year: This information is required to be filed in only in the first year of the GST implementation. The next year onwards this information will be auto-populated as carried forward balance of the previous year.
  • Taxable outward supplies made to registered persons (including UIN-holders) other than supplies covered by Table 6: This head will hold the information about the details of all the taxable supplies that are made by the registered taxable person. This head will cover the complete details of Supplies under Reverse Charge, Normal Taxable Supplies and Supplies by way of an E-Commerce operator.

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  • Taxable outward inter-state supplies to an unregistered persons where the invoice value is more than Rs 2.5 lakh: This head will cover the details of all the taxable supplies made to an unregistered person in the different state. However, the details are needed to be furnished only when the turnover exceeds Rs. 2.5 lakh.

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  • Zero-rated supplies and deemed exports: All type of exports, zero-rated supplies, deemed exports (supply to SEZ, EOUs) will be captured under this head.

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  • Taxable supplies (net of debit notes and credit notes) to an unregistered persons other than the supplies covered in Table 5: All the taxable supply which are made to an unregistered taxable person and not covered under table 5 have to be furnished under this head. This will largely cover the taxable supplies to the unregistered person in the same state and below Rs. 2.5 lakh in other states.

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  • Nil-rated, exempt and non-GST outward supplies: All the other supplies whether they are nil rated, exempt or non-GST which hasn’t been reported under any of the above needs to be reported under this head.

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  • Amendments to the taxable outward supply details furnished in the returns for the earlier tax periods in Table 4, 5 and 6 [including credit notes, debit notes, refund vouchers issued during the current period and the amendments thereof: The details of any kind of amendment in the outward supply from the previous tax period needs to be reported under this head. Any amendment in the credit or debit notes also needs to be provided under this head.

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  • Amendments to the taxable outward supplies to an unregistered person: Any amendment in the details of the taxable outward supplies to unregistered persons from the previous tax periods needs to be made under this head.

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  • A consolidated statement of advances received/advance: This head will include all the details of the advances received and adjusted under the current period. This will result in the increase/decrease of the GST liability. Any kind of amendment in advances from an earlier tax period also needs to be reported here.

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  • HSN-wise summary of the outward supplies: Here the taxable person will consolidate all his supplies across the HSN codes. This section will also reflect a high-level information on the supplies made and IGST, CGST and SGST collected against it.

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  • The documents issued during the tax period: This head will include details of all the invoices issues in a tax period, any kind of revised invoice, credit notes, debit notes etc.
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A lawyer with 14 years' experience, Vikram has worked with several well-known corporate law firms before joining Vakilsearch.

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