Demystifying GSTR -1 form

You may aware that, govt. had given some relaxation to the taxpayers regarding filling GSTR 1 up to Sept 2017. As we all are very much into the new regime & trying to address daily issues coming up under GST, we may forget to completely understand  what GSTR-1 requires.  So before that, it is better to grasp the GSTR -1 which is actually the backbone of GST (flowing credit from the supplier to the recipient, rest all are auto-populated as claimed by our revenue secretary). So here is an article to let you know the basic of GSTR-1 in a simple language. Sit back, relax & enjoy the write up!

GSTR -1 consists of total 13 tables, which are to be endorsed by the “Authorised signatory”. So one by one will see which table deals with what. Author’s personal views are also expressed wherever one needs to take care or wherever some amount of confusion is there, below the decoding of each tables:-

So let’s start with, Table 1, 2 3:

These tables are not bummer, it is simple as per the below table:-

1.

GSTIN

2.

(a)

Legal name of the registered person

(b)

Trade name, if any

3.

(a)

Aggregate Turnover in the preceding Financial Year

(b)

Aggregate Turnover – April to June, 2017

Author’s views,

• Please keep it mind that, as per 2(6) of the CGST Act, “aggregate turnover” means the aggregate value of all taxable supplies(excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess”. One need to provide the data accordingly
• Aggregate turnover to be provided for the 1^st quarter of 2017-18 as well, when GST was not there.

Table 4: Taxable outward supplies made to registered persons (including UIN-holders) other than supplies covered by Table 6 [B2B]

It means, in this table assesse needs to fill the following details:-

• Taxable supplies made to registered person
• Outward supplies attracting tax on reverse charge basis on the hand of recipient.
• Supplies made through e-commerce operator attracting TCS (operator wise, rate wise) with the GSTIN of E commerce operator.

Author’s view,

Zero rated supply will not come in this table.

Table 5: Taxable outward inter-State supplies to un-registered persons where the invoice value is more than Rs 2.5 lakh [B2C]

In this table, following details needs to be filled up:-

• Taxable outward inter-state supplies which are made to unregistered person & where invoice value is more than 2.5 lakhs.
• The details mentioned above needs to be given in two different segmen

1. Outward supplies other than supplies made through e-commerce operator, rate wise

2. Supplies made through e-commerce operator attracting TCS (operator wise, rate wise) with the GSTIN of E commerce operator.

Author’s views,

Following supplies will not come in this table:-

• Intra-state unregistered supplies
• Inter-state supplies invoice value crosses Rs 2.5 lakhs

Table 6: Zero-rated supplies and Deemed Exports:

Essentially this table entails to feed the details of :-

• Export supplies with the shipping bill/bill of export details (in case person opted for LUT)

or,

• Export supplies with IGST (in case person opted for refund of IGST/not against LUT)
• SEZ supplies with the shipping bill/bill of export details (in case person opted for LUT)

or,

• SEZ supplies with IGST (in case person opted for refund of IGST/not against LUT)
• Deemed export with the details of GST paid/payble

Author’s views

Following issues needs to keep in mind:-

• Table 6 needs to capture information about shipping bill and its date. However, if the shipping bill details are not available, Table 6 will still accept the information. The same can be updated through submission of information in relation to amendment Table 9 in the tax period in which the details are available but before claiming any refund / rebate related to the said invoice.
• In case of export transactions, GSTIN of recipient will not be there. Hence it will remain blank.
• Export transactions effected without payment of IGST (under Bond/ Letter of Undertaking (LUT)) needs to be reported under “0” tax amount heading in Table 6A and 6B.

Table 7: Taxable supplies Net of debit notes and credit notes) to unregistered persons other than the supplies covered in Table 5: [B2C]

You need to provide

• Intra state supplies to unregistered dealer in two segments-
• Consolidated rate wise outward supplies [including supplies made through e-commerce operator attracting TCS]
• Out of supplies mentioned above, value of supplies made through e-Commerce Operators attracting TCS (operator wise, rate wise) with GSTIN of e-commerce operator
• Inter-State Supplies where invoice value is up to Rs 2.5 Lakh [Rate wise] in two segments-
  • Place of Supply (Name of State)
  • Out of supplies mentioned above, value of supplies made through e-Commerce operators attracting TCS (operator wise, rate wise) with GSTIN of e-commerce operator

Table 8: Nil rated, exempted and non-GST outward supplies:

Following details needs to be mentioned as per this table:-

SL No.	Description	Nil Rated Supplies	Exempted (Other than Nil rated/non-GST supply)	Non-GST supplies
1	Inter-State supplies to registered persons
2	Intra- State supplies to registered persons
3	Inter-State supplies to unregistered persons
4	Intra-State supplies to unregistered persons

Author’s views,

• Though, table necessitates to fill up “NIL rated duty” & “Exempted supplies”, author feels “NIL rated” column is not required to fill up as Govt. had not notified any supplies which attracts “NIL” rate. My two cents, as per the notifications issued by Govt. till date, Goods/Services are either attracts rate except “NIL” rate or it is “exempt” (though “NIL rate” was there when GST council published fitment of rate as per discussions in the GST Council Meeting held on 18th May, 2017, but in notification “NIL” rate is not there). It may be understood, that govt. may come up with some notification in future which attracts “NIL” rate & then, those supplies needs to be provided in the 3^rd column of the above table as per the Return format.

Table 9. Amendments to taxable outward supply details furnished in returns for earlier tax periods in Table 4, 5 and 6 [including debit notes, credit notes, refund vouchers issued during current period and amendments thereof]:

In GST there is no concept of revised return. But human error, business needs can’t be ignored. So table 9 provides the option to amend details provided in earlier periods. One needs to provide these details in table 9:-

• If the invoice/Shipping bill details furnished earlier (in table 6) were incorrect. Author feels user can also update the shipping bill, which he never fed earlier. Apart from correcting shipping bill number provided earlier.
• Debit Notes/Credit Notes/Refund voucher [original]. Unlike point number 1 this deals only with the original debit/credit note/refund voucher & not any amendment to the earlier debit note/credit note/refund voucher. You are not supposed to feed amendment to the original debit/credit note/refund voucher here.
• Debit Notes/Credit Notes/Refund voucher [amendments thereof]. Again, this specifically deals with the amendment of debit/credit note/refund voucher. You are not expected to fill original debit/credit note/refund voucher here.

Author’s view,

• One need to provide all the references of original invoices as per the format for each one of the cases mentioned above.

Table 10: Amendments to taxable outward supplies to unregistered persons furnished in returns for earlier tax periods in Table 7:-

Here, person needs to mention the period for which amendment is required of the data provided in table 7 which are:-

• Intra state supplies to unregistered dealer in two segments-
• Consolidated rate wise outward supplies [including supplies made through e-commerce operator attracting TCS]
• Out of supplies mentioned above, value of supplies made through e-Commerce Operators attracting TCS (operator wise, rate wise) with GSTIN of e-commerce operator
• Inter-State Supplies where invoice value is up to Rs 2.5 Lakh [Rate wise] in two segments-
  • Place of Supply (Name of State)
  • Out of supplies mentioned above, value of supplies made through e-Commerce operators attracting TCS (operator wise, rate wise) with GSTIN of e-commerce operator

Table 11. Consolidated Statement of Advances Received/Advance adjusted in the current tax period/ Amendments of information furnished in earlier tax period:

As per the GST Act, it is understood that GST is required to be paid even on advance amount received from customer. Table No. 11 deals with the data to be provided for the advance received like,

• Advance amount received in the tax period for which invoice has not been issued (tax amount to be added to output tax liability) in two segments:-

1. Intra state supplies (rate wise)

2. Inter state supplies (rate wise)

• Advance amount received in earlier tax period and adjusted against the supplies being shown in this tax period in Table Nos. 4, 5, 6 and 7 in two segments:-

1. Intra state supplies (rate wise)

2. Inter-state supplies (rate wise)

• Amendment of information furnished in SL no. (10 7 (2) in GSTR-1 statement for earlier tax periods [Furnish revised information]

Table 12. HSN-wise summary of outward supplies:

In this section, HSN wise details to be provided w.r.t. quantity, value IGST, CGST/SGST/ UTGST/Cess etc.

Table 13. Documents issued during the tax period:-

Sr. No.	Nature of document	Sr. No.		Total number	Cancelled	Net issued
		From	To
1	2	3	4	5	6	7
1	Invoices for outward supply
2	Invoices for inward supply from unregistered person
3	Revised Invoice
4	Debit Note
5	Credit Note
6	Receipt voucher
7	Payment Voucher
8	Refund voucher
9	Delivery Challan for job work
10	Delivery Challan for supply on approval
11	Delivery Challan in case of liquid gas
12	Delivery Challan in cases other than by way of supply (excluding at S no. 9 to 11)

Following all the tables one need to provide this declaration:

Verification

I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed there from and in case of any reduction in output tax liability the benefit thereof has been/will be passed on to the recipient of supply.

Signature

Place

Name of Authorised Signatory

Date

Designation /Status

Author Pralay Chakraborty is a GST Professional & can be reached at 9705941371, cp171185@gmail.com . Feedbacks are welcome!

Disclaimer: The contents of this document are solely for informational purpose. It does not constitute professional advice or a formal recommendation. While due care has been taken in preparing the document, the existence of mistakes & omissions herein are not ruled out. The author does not accept any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this document nor for any actions taken in reliance thereon. No part of this document should be distributed or copied without express written permission of the author.