The GSTR-1 filing due dates have been relaxed as a result of the ongoing COVID-19 pandemic. Here’s a look at the updated filing dates.
The switch to the GST (Goods and Services Tax) regime has drastically transformed India’s taxation system and economy. GST has helped bring numerous indirect taxes under one umbrella, making tax payment simpler and more straightforward.
All GST registered taxpayers who have an annual turnover of over ₹5 crores must file their GSTR-1 every month. GSTR-1 is a monthly return that summarises a taxpayer’s sales (outward supplies). Some taxpayers even have the option of filing their GSTR-1 every quarter. Here’s a quick look at everything you need to know about GSTR-1 filing, including the GSTR-1 Filing due date and the GSTR-1 filing process.
GSTR-1 Filing Format
All GST registered taxpayers must file their GSTR-1 either on a monthly or quarterly basis. GSTR-1 essentially contains details regarding outward supplies and sales, and the form contains 13 different sections, as follows –
|Tables 1, 2 & 3||GSTIN, legal and trade names, and aggregate turnover in the previous year|
|Table 4||Taxable outward supplies made to registered persons (must include even UIN-holders).|
|Table 5||Taxable inter-state outward supplies to unregistered persons where the invoice amount exceeds ₹2.5 lakhs|
|Table 6||Zero-rated supplies and deemed exports|
|Table 7||Outward supplies to registered persons (including UIN holders) that are taxable, except zero-rated supplies and deemed exports|
|Table 8||Nil returns, exempt and non-GST supplies|
|Table 9||Modifications to taxable outward supplies are stated in tables 4,5, & 6 of the GSTR-1 return for previous tax periods (including debit notes, credit notes, refund vouchers issued during the current period)|
|Table 10||Amendments to previous months’ taxable sales/supplies to unregistered businesses.|
|Table 11||Details of advances received or adjusted in the current tax period and changes to information submitted in the previous tax period.|
|Table 12||HSN-wise summary of outward supplies.|
|Table 13||Documents issued throughout the month (must include the serial numbers of the invoices, credit notes and debit notes issued during the month).|
GSTR-1 Filing Exemption
All GST payers and business owners must file their GSTR-1 even if
they do not have any turnover. However, the following individuals are exempt from having to file a GSTR-1 return:
- Taxpayers who have opted for the composition scheme
- Input service distributors
- Suppliers who offer database access, online information, or retrieval services
- Suppliers who pay tax by themselves (Section 14 of IGST Act)
- Non-resident taxable individuals
- Taxpayers collecting TCS
- Taxpayers deducting TDS.
Before registering for GST, calculate the precise amount of GST to be paid using our GST calculator.
What Is the GSTR-1 Filing Due Date?
Businesses annual turnover of up to ₹5 crores can file quarterly. Businesses having an annual turnover of more than ₹5 crores, on the other hand, must file monthly. The GSTR-1 filing due dates have been relaxed as a result of the ongoing COVID-19 pandemic. Here’s a look at the updated filing dates.
|Return||Turnover Limit||Period||Due Date|
Greater than 5 crores
|January 2021||11 Feb 2021|
|February 2021||11 March 2021|
|March 2021||11 April 2021|
26 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 2021|
The extended due dates from June 2021 and onwards for GSTR-1 are yet to be notified by the CBIC, as of 21 July 2021.
The CBIC has announced that no late fees will be levied if the GST return is filed within 30 days of the original due date for the quarter ending 31 March 2021. The government has further relaxed the levy of interest for non-payment, short payment, or delay in payment of tax dues for April and May 2021.
How Do We File GSTR-1 Online?
First and foremost, users have to log in to the official GST portal
From the homepage, users should then land on Services>>Returns>>Returns Dashboard
Thereafter, you will see an option to File your GST Returns. Choose the appropriate assessment year and month
Next, you must determine whether you want to prepare the return online or offline
Provide details regarding outward supplies. The figure inputted must include the aggregate turnover
After which, you will have to fill in the invoices as required. The various GSTR-1 invoices include:
- Invoices 4A, 4B, 4C, 6B, and 6C, for B2B invoices
- Invoices 5A and 5B, for B2C invoices
- Invoice 9B, which are registered credit or debit notes
- Further, Invoice 9B, for unregistered credit or debit notes
- Invoice 6A, for export invoices
- BC invoices less than ₹2.5 lakhs
- Invoices 8A, 8B, 8C, and 8D, for nil-rated supplies
- Likewise, Invoices 11A(1) and 11A(2), for advances received
- Invoices 11B(1) and 11B(2), for the adjustments of advances
- HSN summary of outward supplies
- Issued documents
You can finish the process by agreeing to the declaration at the end.
GSTR-1 filing is not everyone’s cup of tea. It is a complicated and tedious task, best entrusted with GST specialists such as Vakilsearch. Get help from us today!
Nil GSTR-1 Filing via SMS
As of July 2020, taxpayers have the option of filing NIL GSTR-1 via SMS in the following manner:
SMS Format for NIL GSTR-1 Filing: NIL>>space>>R1>>space>>GSTIN>>space>>Tax period (MMYYYY)
- Send an SMS in the above-mentioned format to 14409
- Upon sending the message, you will receive a 6-digit code
- To confirm the GSTR-1 filing, you must then send the following SMS to 14409 CNF>>space>>R1>>space>>6-Digit-Code
- After successful validation of the request, you will receive an acknowledgement SMS to your registered mobile number
- Users can send the following SMS to 14409 for assistance with the GSTR-1 filing process: HELP>>space>> Return type (R1).
Interests and Penalties for Not Filing GST
The GST regime requires dealers to file their GST returns on time to ensure compliance. Non-compliance leads to the levy of interests and penalties. Here is a bird’s view of the same.