Quick Summary
Following important changes have been made in Return Filing Process
- Taxpayers need to file previous tax periods GSTR-1 before filing current period GSTR-1
- GSTR-1 for the current period need to be filed before filing GSTR-3B for the said tax period
What is FORM GSTR-1?
FORM GSTR-1 is a statement of outward supplies which is filed:
- On Quarterly basis by QRMP taxpayers
- On Monthly basis by other taxpayers
When should you file FORM GSTR-1?*
- All taxpayers (other than QRMP taxpayers) must file FORM GSTR-1 every month on or before 11th of the next month
- QRMP taxpayers, have to file quarterly FORM GSTR-1 by the 13th of the month following the relevant quarter
For more details, please refer to Section 37 (4) and 39 (10) of CGST Act 2017, read with Notification No. 18/2022- Central tax dated September 28, 2022 and GSTN Advisory dated October 21, 2022
*Late filing of GSTR-1 will attract late fee
FAQ :
Taxpayers must now file the GSTR-1 for the previous tax period before filing the GSTR-1 for the current tax period. Additionally, the current period's GSTR-1 must be filed before the GSTR-3B for that same period.
FORM GSTR-1 is a statement detailing outward supplies made by a taxpayer.
Taxpayers who are not under the QRMP (Quarterly Return Monthly Payment) scheme file FORM GSTR-1 monthly. QRMP taxpayers file it on a quarterly basis.
For non-QRMP taxpayers, GSTR-1 is due by the 11th of the following month. QRMP taxpayers must file their quarterly GSTR-1 by the 13th of the month after the relevant quarter.
Late filing of GSTR-1 will incur a late fee.
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