Filing of first GSTR1

Suresh Kumawat (Chartered Accountant) (243 Points)

09 December 2022  

GSTR 1 Filing returns for your business can occasionally be a little tricky. It is possible to avoid confusion and mistakes if you are careful.

In order to file GSTR-1, here are a few tips that you should keep in mind.

To avoid discrepancies, make sure you enter the correct GSTIN code and HSN code

Confirm whether the transaction falls under the intrastate or the interstate classification

Bills uploaded can be changed multiple times; however, invoices cannot be changed once the return has been submitted.

It is not possible to revise the return once it has been submitted and any corrections must be made in the GSTR 1 of the following month

There is no tax due until the filing of GSTR-3B, which is part of GST registration and GST return filing.

Avoid bulk uploads by uploading invoices at various intervals throughout the month

A digital signature certificate (DSC) is required by companies like LLPs (Limited Liability Partnerships) and FLLPs (Foreign Limited Liability Partnerships).

The GSTR 1 can be e-signed by suppliers such as proprietors, partnership concerns, HUFs, and others

In the event the point of supply changes and is now in a different state, the SGST charged will be based on the new state.

Changing the tax invoice after the recipient has accepted the GSTR 1 details is not possible. It is possible, however, to issue a credit note or supplementary invoice to accommodate the changes.

File submit GSTR-1 easily by user-friendly software such as Gen GST Software, Zoho GST, etc.