GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e. sales. Let’s understand it in detail.
Article explains Persons liable to furnish the details of outward supply [Section 37(1)], Form for submission of details of outward supplies [Section 37(1)], Due date of submission of GSTR-1 – upto 10th of next month [Section 37(1)], What kind of details of outward supplies are required to be furnished in GSTR-1?, Invoice wise & consolidated details to be furnished ion GSTR-1, Details of Debit notes & Credit notes to be furnished in GSTR-1, How are the details of Outward supply furnished in prior periods amended and What are the precautions that a taxpayer is required to take for a hassle free compliance under GST?
The details of outward supplies of both goods and services are required to be furnished by every registered person including casual registered person except the following
The details of outward supplies are required to be furnished, electronically, in Form GSTR-1. Such details can be furnished through the common portal, either directly or from a notified Facilitation Centre.
GSTR-1 for a particular month is filed on or before the 10th day of the immediately succeeding month. In other words, GSTR-1 of a month can be filed any time between 1 and 10th day of the succeeding month.
Point to be noted: As a measure of easing the compliance requirement for small tax payers, GSTR-1 has been allowed to be filed quarterly by small tax payers with aggregate annual turnover up to 1.5crore in the preceding financial year or the current financial year. Tax payers with annual aggregate turnover above 1.5crore will however continue to file GSTR-1 on a monthly basis.
GSTR-1 cannot be furnished before the end of tax period:
A taxpayer cannot file GSTR-1 before the end of the current tax period i.e. to say for the month of November before 30th of November. However, following are the exceptions to this rule:
(1) Cancellation of GSTIN of a normal taxpayer
(2) Casual taxpayers, after the closure of their business.
A taxpayer who has applied for cancellation of registration will be allowed to file GSTR-1 after confirming receipt of the application.
Contents of information in GSTR-1 [Explanation to Section 37 read with Rule 59(2) of CGST Rules 2017]:
Basic & Other Details:
Details of Outward Supplies:
The registered person is required to furnish details of Invoices & revised invoices issued in relation to supplies made by him to registered & unregistered persons during a month in GSTR-1 in the following manner:
Invoice-wise details of ALL
Consolidated details of ALL
Thus, uploading of invoices depends on whether the supply is B2B or B2C plus whether the supply is intra-State or inter-State.
B2B means business to business transaction. In such type of transactions, the recipient is also a registered supplier and hence, takes ITC.B2C means business to consumer transaction. In such type of transactions, the recipient is consumer or unregistered and hence, will not take or cannot take ITC.
B2B supplies: For such supplies, all invoices will have to be uploaded irrespective of whether they are intra State or inter-State supplies. This is so because the recipient will take ITC and thus, invoice matching is required to be done.
B2C supplies: For B2C supplies, uploading in general may not be required as the buyer will not be taking ITC. However, still in order to implement the destination based principle, invoices of value more than 2.5lakh in inter-State B2C supplies will have to be uploaded. For inter-State invoices below 2.5lakh, State wise summary will be sufficient and for all intra-State invoices, only consolidated details will have to be given. Invoices can be uploaded at any time during the tax period and not just at the time of filing.
Note: See following chart for better & quick understanding of Invoice-wise details.
The registered person is required to furnish details of debit & credit notes ,if any ,issued during the month for invoices issued previously.
[The above summary chart shows Invoice-wise details to be uploaded in case of B2B & B2C transaction]
Other Aspects :
|Annual turnover in the preceding financial year||Number of Digits of HSN Code|
|More than Rs.1.5crore & upto Rs.5crore||2|
|More than Rs.5crore||4|
(a) Amendment in the details of outward supply furnished for prior period [Section 37(3)]:
Amendment on communication of mismatch report: Tables 9, 10 and 11(II) of GSTR-1 provide for amendments in details of taxable outward supplies furnished in earlier periods. The supplier can make amendments in the particulars furnished in GSTR-1 filed by him for the prior periods if he agrees to the mismatch report communicated to him by the system every month after the processing of the return The details of original debit notes/ credit notes refund vouchers issued by the tax payer in the current tax period as also the revision in the debit notes/ credit notes/refund vouchers issued in the earlier tax periods are required to be shown in Table 9 of the GSTR-1.
Ordinarily in Amendment Table the supplier is required to give details of original invoice (No. and Date), the particulars of which have been wrongly entered in GSTR-1 of the earlier months and are now sought to be amended. However, it may happen that, a supplier altogether forgets to include the entire original invoice while furnishing the GSTR-1 for a particular month. In such cases also, he would be required to show the details of the said missing invoice which was issued in earlier month in the Amendment Table only, as such type of errors would also be regarded as data entry error.
(b) Rectification of unmatched entries and in case of short-payment of tax – Tax and interest to be paid [Section 37(3)]:
Any registered person who has furnished the details under this Section for any tax period and which have remained unmatched under section 42 or section 43, shall, upon discovery of any error or omission therein, rectify such error or omission in such manner as may be prescribed in the tax period in which it is noticed and shall pay the tax and interest, if any, in case there is a short payment of tax on account of such error or omission, in the return to be furnished for such tax period.