GSTR-1: Every supplier needs to file a monthly or quarterly return. This return is called GSTR-1. All the details regarding the outward supplies are contained in GSTR-1. Hence, this return becomes the basis upon which the whole compliance structure in GST would be primarily based.
Due Date for filing GSTR-1
Quarterly returns are required to be filed by taxpayers whose turnover is up to Rs. 1.5 crores.
|Period (quarterly)||Due dates|
|July – Sept, 2017||Jan 10, 2018|
|Oct – Dec, 2017||Feb 15, 2018|
|Jan – Mar, 2018||April 30, 2018|
|April – June, 2018||July 31, 2018|
Monthly returns are required to be filed by taxpayers whose turnover is above Rs. 1.5 crores.
|Period (monthly)||Due dates|
|July – Nov, 2017||Jan 10, 2018|
|Dec, 2017||Feb 10, 2018|
|Jan, 2018||March 10, 2018|
|Feb, 2018||April 10, 2018|
|March, 2018||May 10, 2018|
|April, 2018||May 31, 2018|
|May, 2018 and onwards||10th of Next Month|
GSTR-1 Should Be Filed By?
Every registered person needs to file GSTR-1 irrespective of the fact that there are any transactions in the reporting period or not.
The below mentioned Taxpayers are exempt from filing of GSTR-1:
- Dealers opting Composition Scheme
- Input Service Distributors
- Suppliers of online information and database access or retrieval services (OIDAR), who need to pay tax by themselves
- Taxpayer liable to collect TCS
- Taxpayer liable to deduct TDS
- Non-resident taxable person
Can GSTR-1 Be Revised?
Once you file GSTR-1, it cannot be revised. However, in case of any changes, the same can be provided for in the next return by giving the details of revised Invoices, Debit Notes or Credit Notes.