5 Guidelines To File GSTR 1

5 Guidelines To File GSTR 1


The introduction of GST in the Indian tax structure has paved the way for a uniform and single systematic reporting system in this vast complex economy. It is really difficult to bind the supply chain into single tax management in this federal institution. Further, the government came up with an effective and innovative form-based reporting that needs to be filed monthly or quarterly basis. Let us check out the proper layout to file GSTR 1 step by step:

Meaning of  GSTR-1

GSTR-1 is a formal statement of outward supplies that should be filed on a monthly or quarterly basis by every normal or casual taxpayer registered under GST. Simply, it is a sales return displaying all the sales transactions of the business within the particular tax period. Importantly, every registered taxpayer has to file this return, irrespective of whether or not there is outward supplies or sales during the specific period.

Eligibility of Filing GSTR-1

Every registered taxable entity under GST should compulsorily file it. However, certain exempted individuals included-

  • Composition Dealers
  • An input service distributors (ISD)
  • Non-resident taxable person (NRTP)
  • Suppliers of online information, database services and retrieval services (OIDAR)
  • Taxpayer Liable for collecting tax at source (TCS)/ taxpayer liable for deducting tax at source (TDS)

Detailed Explanation For Filing of GSTR-1 Form

GSTR 1 has a total of 13 different sections that need to be filled, these are section are being followed below:

  • GSTIN of the individual filing the return.
  • Legal and trades names
  • Aggregate turnover of the previous financial year.
  • Requisite details of the outward supplies to a registered taxable individual.
  • Details regarding the outward supplies (inter-state) to an unregistered individual where transaction exceeds Rs.2.5 lakh
  • Zero-rated supplies as well as deemed exports
  • Taxable outward supplies for the intended month, that includes unregistered individual other than the supplies covered in table 5 (i.e up to Rs.2.5 lakh)
  • Details of outward supplies that are exempted, mol rated, and non-GST in nature
  • Any amendments/revisions related to outward supplies that are taxable and reported in previous tax periods, including net of credit notes, debit notes, and refund vouchers)
  • Credit note and debit note issued to an unregistered individual
  • Details of advance payment received or adjusted tax in the current period.
  • Outward supplies listed based on HSN codes.
  • Essential documents required during the period such as invoices, credit notes and debit notes.

Due Date of GSTR-1 Filing

The due dates of filing return are primarily based on your sales turnover during a particular period.

  • Business with sales turnover of up to Rs. 2.5 crore has an option to file returns on a quarterly basis.
  • While other registered taxpayers with sales turnover of more than Rs. 2.5 crore, compulsory file the return every month.

Common Mistakes While Filing GSTR-1

Filing GST returns regularly is mandatory for taxpayers. However, it is a complicated and arduous task. Hence, one should be attentive while filling the tax form onto the GSTN portal. Any sort of mistakes will create unfavourable situations for the intended taxpayers and there is a tedious process to rectify it. Make sure you are familiar with the common errors and avoid them. Here we have listed some common errors that happen at the time of filing returns:

  • Not Filing GST returns for zero or nil sales during a particular period.
  • Payment of tax under the wrong GST heading.
  • Payment of unwanted reverse charges
  • Wrong entry in monthly and quarterly returns.
  • Mistakes of the time of uploading the requisite invoice chronologically.
  • Interstate supply wrongly entered in the intrastate supply
  • Incorrect adjustment of an input tax credit

Well, this is a detailed layout of filing GSTR 1. To know more, you can click here https://mybillbook.in/blog/gstr-1-filing/. GST return is a comprehensive return and every minute details related to business operation required to be furnished on a timely basis.


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