The GSTR 1 form filing is a mandatory return form under GST. Registered taxpayers with an annual turnover exceeding 1.5 crores need to file the GSTR 1 return every 11th of next month. Taxpayers need to furnish complete details of their outward supplies in the GSTR 1 form. Below is more information about the GSTR 1 due dates :

As per the official statement, “In order to nudge taxpayers to timely file their statement of outward supplies, the imposition of restrictions on availing of the input tax credit by the recipients in cases where details of outward supplies are not furnished by the suppliers in the statement under section 37 of the CGST Act, 2017.”

As per many tax experts, this move will bring all the taxpayers into a necessary to file GSTR 1 form so that the government can make the entire filing process clearly.

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What Do You Understand About the term GSTR-1?

GSTR-1 is the monthly or quarterly return that must be furnished through every enrolled GST assessee excluding some specific as provided in the subsequent sections. It includes information on all the outward supplies i.e sales. The return consists of the sum of 13 sections as mentioned below:

Tables 1, 2 & 3: GSTIN legal and trade names, and average turnover in the last year. 

Table 4: Taxable outward supplies to enrolled individuals consisting of UIN-holders which does not include zero-rated supplies and deemed exports. 

Table 5: Taxable outward inter-state supplies to the individual who is not enrolled where the invoice value exceeds Rs.2.5 lakh

Table 6: Zero-rated supplies along with deemed exports  

Table 7: Taxable supplies to the individual who are not registered apart from the supplies which are covered in table 5 (net of debit notes and credit notes)

Table 8: zero-rated outward supplies privileged and non-GST in compliance. 

Table 9: Revisions to the outward supply which is taxable and reported beneath tables 4, 5, and 6 of the previous tax periods GSTR-1 return which consists of the debit notes, credit notes, and refund vouchers provided in the current period. 

Table 10: Issuing the debit and credit note to the individual who is not registered. 

Table 11: Information on the advances obtained or managed in the present tax period or changes of the details reported in the previous tax period. 

Table 12: Outward supplies summary upon the grounds of HSN codes.

Table 13: The credentials provided in the span. 

When Does GSTR-1 Get Due?

Upon the grounds of your turnover, the last dates for GSTR-1 relied. The businesses whose sales are up to Rs 5 cr have the choice to furnish the quarterly return beneath the QRMP policy and are due on the 13th month subsequent to the related quarter. 

Apart from that those assessees who do not choose the QRMP policy or have a turnover exceeding Rs 5 cr should furnish the return every month on or prior to the 11th of the subsequent month. 

Who Must Furnish GSTR-1?

Every enrolled individual is needed to furnish GSTR-1 irrespective of whether there are any transactions performed in the span or not. Towards Nil GSTR-1 filers there is the facility to furnish via SMS which starts from the first week of July 2020.

Below are the mentioned enrolled individuals who are privileged from furnishing the GSTR-1:

• Input Service Distributors
• Composition Dealers
• Suppliers of online information and database access or retrieval services (OIDAR), who are required to furnish the tax themselves (under Section 14 of the IGST Act)
• Non-resident taxable person
• Taxpayers liable to collect TCS
• Taxpayer liable to deduct TDS

What is the Method to Revise GSTR-1?

When a return gets furnished it cannot be revised again. The mistakes made can be improved in the GSTR-1 furnished for the subsequent period (month or quarter). It reveals that if the mistake is made in the GSTR-1 of June 2021 then its revision can also be performed in the GSTR-1 of July 2021.

Late Fees and Penalty

Under the GST law, the late fee towards not furnishing GSTR-1 will be Rs 200 per day for late filing (Rs 100 as per the CGST Act and Rs. 100 as per SGST Act). The late fee imposed will be from the date post to the last date. 

But post to the notifications provided up to Feb 2021, the late fees will be carried on to get levied on somewhat a less fee of Rs 50 per day and Rs 20 per day for nil return. Remember that in the GST portal the late fee on GSTR-1 will presently not get demanded as a segment of payment challan in PMT-06 during the time of furnishing of the GSTR-3B. 

Under the CGST notification 20/2021 on 1/06/2021, the maximum late fee is chargeable from the duration of June 2021 onwards. 

The enrolled individual who has no outward supplies in the tax period will not be eligible for the maximum late fee of Rs 500 (Rs.250 per Act). On the other side, the enrolled individual who has a total turnover of Rs 1.5 cr in the previous fiscal year excluding the nil filers are entitled to the maximum late fee of Rs 2000 (Rs.1,000 per Act). While the enrolled individual has an average yearly turnover exceeding Rs 1.5 cr however Rs 5 cr in the previous fiscal year excluding the nil filers who can be charged with the max late fee of Rs 5000 (2500 per act). No revision in the maximum late fee towards the assessee whose total turnover exceeds Rs 5 cr and it remains Rs 10000.

But the tax office might ask for the notice urging for the late fee towards the period of delay during the time of assessment of returns.

Taxpayers Who Need Not File the GSTR 1

All registered taxpayers with an annual turnover greater than 1.5 crores must mandatory file GSTR-1. However, there are a few taxpayers who are not liable to do so.

These taxpayers include Composition Dealers, Non-resident Taxable Person, Input Service Distributors, Taxpayers liable to deduct TDS, Taxpayers liable to collect TCS, Suppliers of OIDAR (Online Information and Database Access or Retrieval), and Compounding taxable persons.

GSTR 1 Due Dates Turnover up to INR 1.5 Crore

Period (Quarterly)	Due Dates
January To March 2023	13th April 2023
October To December 2022	13th January 2023
July To September 2022	13th October 2022
April To June 2022	13th July 2022
January To March 2022	13th April 2022

GSTR 1 Due Dates Turnover More Than INR 1.5 Crore

Period (Monthly)	Due Dates
March 2023	11th April 2023
February 2023	11th March 2023
January 2023	11th February 2023
December 2022	11th January 2023
November 2022	11th December 2022
October 2022	11th November 2022
September 2022	11th October 2022
August 2022	11th September 2022
July 2022	11th August 2022
June 2022	11th July 2022
May 2022	11th June 2022

IFF Quarterly Filing (QRMP Scheme) Due Date of GSTR 1

Period (Quarterly)	Last Dates
March 2023	11th April 2023
February 2023	11th March 2023
January 2023	11th February 2023
December 2022	11th January 2023
November 2022	11th December 2022
October 2022	11th November 2022
September 2022	11th October 2022
August 2022	11th September 2022
July 2022	11th August 2022
June 2022	11th July 2022

GST Council in its 43rd meeting : PRESS RELEASE

Latest Updates in GSTR 1