GSTR-1 is a critical monthly or quarterly GST return that summarizes all outward supplies (sales) of a registered taxpayer. Ensuring accurate filing is essential to avoid GST scrutiny and penalties.
What is GSTR-1?
GSTR-1 is a detailed return that captures the sales data of a GST-registered business. It includes information about taxable outward supplies, exempt supplies, zero-rated supplies, and amendments to previously reported data. The form is divided into 13 tables, each designed for specific data, such as:
- GSTIN, legal and trade names.
- Taxable outward supplies to registered persons.
- Zero-rated and deemed exports.
- HSN code-based summary of outward supplies.
Latest Updates on GSTR-1 Filing
1. HSN Code Implementation (January 2025)
GSTN has made HSN code reporting mandatory in GSTR-1 & GSTR-1A.
Manual entry has been replaced with a dropdown selection.
A new field, “Description as per HSN Code,” is auto-populated.
Table-12 is now bifurcated into two tabs: B2B and B2C, ensuring precise reporting.
2. Data Archival and Restoration
Data for July 2017 to August 2017, archived earlier, is now restored until further notice.
September 2017 data is subject to archival as per GSTN's policy of retaining data for seven years.
Who Should File GSTR-1?
All registered taxpayers, except for the following categories, must file GSTR-1:
- Input Service Distributors.
- Composition Dealers.
- OIDAR service suppliers paying tax under Section 14 of the IGST Act.
- Non-resident taxable persons.
- Taxpayers liable for TCS or TDS under GST.
- Even businesses with no transactions during a period must file a nil return. The facility to file nil returns via SMS simplifies the process.
GSTR-1 Filing Due Dates
The due date for GSTR-1 depends on the taxpayer's turnover:
Monthly Filing (Turnover > Rs. 5 Crore)
Due by the 11th of the following month.
Example: January 2025 GSTR-1 is due by 11th February 2025.
Quarterly Filing (Turnover ≤ Rs. 5 Crore – QRMP Scheme)
Due by the 13th of the month following the quarter.
Example: October-December 2024 GSTR-1 is due by 13th January 2025.
How to Revise GSTR-1
GST returns cannot be revised once filed. However, errors can be corrected in GSTR-1A before filing GSTR-3B for the same period. This ensures compliance and minimizes discrepancies.
FAQs on GSTR-1 Filing
1.Can GSTR-1 be filed after three years?
No, as per the CGST Act, returns cannot be filed beyond three years from the relevant due date.
2.What is the penalty for non-filing of GSTR-1?
Penalties depend on turnover, ranging from Rs. 500 for nil returns to Rs. 10,000 for regular filings.
3. How can I avoid GST scrutiny?
Ensure timely filing, accurate HSN code reporting, and proper reconciliation of data.
Disclaimer -- This information may be changed or ammended by government.