Compilation of GSTR 1 due dates along with relevant extension notification

Background GSTR-1 is a crucial component of the Goods and Services Tax (GST) system implemented in India. It’s essentially a monthly or quarterly return that businesses registered under GST need to file to provide details of outward supplies of goods or services. In simpler terms, it’s a summary of all sales made during the given period.

Every registered GST taxpayer must file GSTR-1, regardless of whether there have been any outward supplies during the reporting period. It requires taxpayers to provide details of sales invoices issued during the reporting period, along with other necessary information such as the recipient’s GSTIN (Goods and Services Tax Identification Number), HSN (Harmonized System of Nomenclature) code of goods, etc.

The frequency of filing GSTR-1 depends on the taxpayer’s turnover. Businesses with a turnover of up to ₹1.5 crores have the option to file it quarterly, while those with a turnover exceeding this threshold must file it monthly. The due dates for filing GSTR-1 are typically the 10th, 11th, or 13th of the month following the end of the reporting period, depending on the taxpayer’s turnover and whether they opt for monthly or quarterly filing.

Relevance of GSTR 1 GSTR-1 serves as the basis for recipients to claim Input Tax Credit. The details provided in GSTR-1 by the supplier get populated in the GSTR 2A /2B and same are used by the recipient to reconcile their purchases and claim the ITC.

It promotes transparency in the tax system by ensuring that all outward supplies made by businesses are properly documented and reported. This helps in curbing tax evasion and ensuring compliance with GST regulations.

Discrepancies between GSTR-1 and GSTR-2A may lead to notices and further scrutiny by tax authorities. Filing GSTR-1 is a legal obligation under the GST law. Non-compliance or delayed filing may attract penalties and interest charges.

In essence, GSTR-1 is not just a routine compliance requirement; it’s a critical tool for maintaining the integrity and efficiency of the GST system in India.

Considering the relevance of GSTR 1 in the whole GST system and usefulness of it. Dates for the filling of GSTR 1 was extended from time to time to facilitate the taxpayer for filing GSTR 1.

Due date table for GSTR 1 is prepared and sharing with this article along with reference to  relevant notification.

Disclaimer: The information in this document is for educational purposes only and nothing conveyed or provided should be considered as legal, accounting or tax advice. User is advised to apply his/her analytical skills before implementing any or all the suggestions above. The suggestions are given, keeping in mind the present legal position.