GSTR 1 RETURN NOT FILLED

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This query is : Resolved

MOHANRAJ (Querist)

25 February 2022 I had financial year 2020-21 month of march 3b return filled. but not filled return for GSTR 1 (B2B Invoice). So i have not filled return GSTR 1 till. So how to B2B Invoice update in GSTR-1

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

07 July 2024 If you haven't filed GSTR-1 for the financial year 2020-21 and need to update B2B invoices, here's what you should do:

**Access the GSTR-1 Form:**
- Log in to the GST portal and navigate to the GSTR-1 section.

**Select Financial Year and Tax Period:**
- Choose the financial year 2020-21 and the relevant tax period (March 2021 in your case).

**Prepare B2B Invoices:**
- Gather all B2B (business-to-business) invoices that were issued during March 2021.

**Enter Details in GSTR-1:**
- In the GSTR-1 form, navigate to the section where you need to enter B2B invoices (usually it is under Tables 4A and 4B).
- Enter details such as invoice number, invoice date, recipient GSTIN, taxable value, and GST details (IGST, CGST, SGST/UTGST).

**Verify and Submit:**
- Double-check all entries to ensure accuracy.
- Once verified, submit the GSTR-1 form.

**File GSTR-1:**
- After submission, proceed to file GSTR-1. Ensure all other sections of GSTR-1 are also filled as required.

### Important Points to Note:
- **Late Fees:** Since GSTR-1 for March 2021 is being filed late, late fees may apply. The late fee for delayed filing of GSTR-1 is Rs. 50 per day (Rs. 25 each for CGST and SGST) subject to a maximum of Rs. 5,000.

- **ITC Implications:** Ensure that recipients of your invoices have also reflected these transactions in their GSTR-3B to enable them to claim input tax credit (ITC).

- **Reconciliation:** After filing GSTR-1, reconcile your data with GSTR-3B to ensure consistency and correctness in reporting.

By following these steps, you can update B2B invoices in GSTR-1 for March 2021 and fulfill your GST compliance requirements. If you face any technical issues or require further assistance, consider reaching out to GST helpdesk or a tax professional for guidance.

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