Guide to GSTR-1 Filing
Guide to GSTR-1 Filing
All persons required to be registered under GST and having GST registration must file GSTR-1 on the 10th of each month if the annual turnover is more than Rs.1.5 crores. In case of taxpayers having less than Rs.1.5 crores annual turnover, GST return is due every quarter. GSTR-1 or return of outward supply would contain item wise detail of goods and services supplied with HSN or SAC codes, supply with respect to all B2B transactions, details of all inter-state supplies of B2C transactions above Rs.2.5 lakhs and all other invoices of less than Rs.2.50 lakhs with state wise summary details of all B2C transactions. In this article, we look at GSTR-1 in detail.
Due Dates Modified
The Government has recently deferred the due date for filing GSTR 1 from the 11th of April to the 13th. Apart from this, the following are the due dates for filing GSTR 1 for the months of April, May and June 2019:
- April 2019 – 11th May 2019
- May 2019 – 11th June 2019
- June 2019 – 11th July 2019
It can be inferred from the above that the due dates for filing these returns fall on the 11th of every succeeding month of filing. The deadline for the filing quarterly GSTR 1 for the quarter of April-June is 31st July 2019.
Import of E-way Bill Data
It is essential for taxpayers to validate the data of their transactions before proceeding with the process of filing returns, as it saves time and unnecessary data entry. To cater to this purpose, the GST portal has now been integrated with the E-way Bill Portal (EWB). The integration enables the users to import the B2B and B2C invoice sections and the HSN-wise-summary of outward supplies section. Using these details, the taxpayers may verify the data and complete the filing.
The feature has been introduced considering the major data gaps between self-declared liability in Form GSTR 1 and Form GSTR 3B. A similar rule also applies to Input Tax Credit (ITC) claimed in GSTR 3B, as it could be compared with the credit available in Form GSTR 2A.
Data validation and comparison can be pursued through the following tabs of the portal:
- Liability other than export/reverse charge
- Liability due to reverse charge
- Liability due to export and SEZ supplies.
- ITC credit claimed and due
On a more precise note, the newly launched facility takes away the taxpayer’s need to make specifications connected with the e-way bill transactions specified in GSTR 3B as it allows the taxpayers to import data in Form GSTR 1 for all invoices for which the e-way bill has been generated. The particulars so imported would include the details of supplier, receiver, invoice number, the date of invoice, the type and quantity of goods, HSN Code, etc. These details are then transferred to the GST portal and classed into three categories to be used in GSTR 1 – namely, Business to Business Supplies (B2B), Business to Consumer (B2C) supplies (covering values of above Rs. 2.5 lakhs) and HSN (Harmonized System of Nomenclature Code for goods and services) wise consolidated supply data.
Taxpayers with more than 50 invoices but not more than 500 may download the data of the sections mentioned above in the ‘CSV’ file format, which can be imported into the GSTR1 offline tool. The form could then be filed through the offline tool after adding sufficient data and generating a JSON file, which can be uploaded on to the GST portal.
If the number of invoices is above 500, the invoice details pertaining to these sections can be imported from the ‘Return’ Dashboard on the GST portal as a zip file. This can later be unzipped to three files and extracted in Excel format. The taxpayer may then add more invoices and fill the other sheets to upload in the offline tool.
Requirement for Filing GSTR-1
According to Section 32 of the GST Model Law, “Every registered taxable person, other than an input service distributor, a nonresident taxable person and a person paying tax under the provisions of section 9, section 46 or section 56, shall furnish, electronically, in such form and manner as may be prescribed, the details of outward supplies of goods or services effected, during a tax period on or before the tenth day of the month succeeding the said tax period and such details shall be communicated to the recipient of the said supplies within the time and in the manner as may be prescribed”
GSTR-1 Filing Not Required
So as per the above rule of the GST Law, Input Service Distributor, Non-Resident Taxable Person and Persons paying tax under Section 9, Section 46 and Section 56 are not required to file GSTR-1 filing as per the above terms. However, they are still required to file GST returns as per other terms mentioned in the relevant section.
Input Service Distributor
According to the GST Model Law, Input Service Distributor is defined as an office of the supplier of goods and / or services which receives tax invoices issued under section 28 towards receipt of input services and issues a prescribed document for the purposes of distributing the credit of CGST (SGST in State Acts) and / or IGST paid on the said services to a supplier of taxable goods and / or services having same PAN as that of the office referred to above”.
All Input Service Distributors who are taxable person registered as an Input Service Distributor are required to file GST return within thirteen days after the end of such month.
Non-Resident Taxable Person
According to the GST Model Law, Non-Resident Taxable Person is a taxable person who occasionally undertakes transactions involving supply of goods and/or services whether as principal or agent or in any other capacity but who has no fixed place of business in India.
All GST registered non-resident taxable person for every calendar month are required to file GST return, electronically, within twenty days after the end of a calendar month or within seven days after the last day of the validity period of registration, whichever is earlier.
Section 9 – Composition Levy
Section 9 of the GST Model Law pertains to composition levy, wherein a taxable person having less than Rs.50 lakh aggregate turnover in the previous financial year can pay GST liability by paying an amount calculated at a rate as prescribed by the Government, but not less than 2.5% in case of a manufacturer and 1% in any other case, of the turnover in a State during the year.
Such persons falling under Section 9, are required to file GST Returns as prescribed, electronically, of inward supplies of goods or services, tax payable and tax paid within eighteen days after the end of such quarter.
Section 46 – Tax Collection at Source
All GST registered taxpayers falling under Section 46, who are required to deduct tax at source are required to file GST return for the month in which such deductions have been made along with the payment of tax so deducted within ten days after the end of such month.
How to File GSTR-1
All registered taxpayers can file GSTR-1 electronically through the GST Common Portal or through GST facilitation Centre. GSTR-1 return must contain details like:
- Invoice wise details of all:
- Inter-State and intra-State supplies made to registered persons;
- Inter-State supplies with invoice value more than two and a half lakh rupees made to unregistered persons;
- Consolidated details of all:
- Intra-State supplies made to unregistered persons for each rate of tax; and
- State wise inter-State supplies with invoice value less than two and a half lakh rupees made to unregistered persons for each rate of tax; and
- Debit and credit notes, if any issued during the month for invoices issued previously.
Once GSTR-1 is filed, the details of outward supplies furnished by the supplier would be made available automatically to the concerned recipient mentioned in the invoice to facilitate matching of records with Part A of FORM GSTR- 2A, in FORM GSTR-4A and in FORM GSTR-6A. Also, the details of inward supplies added, corrected or deleted by the recipient in his FORM GSTR-2 under section 38 or FORM GSTR-4 under section 39 is made available to the supplier electronically in FORM GSTR-1A through the Common Portal for acceptance or rejection or modification.
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