GSTR-1 is a return to be filed every month or quarter and submits complete information of all sales (outward supplies) by a taxpayer.

When entering details of sale invoices, it is important to ensure that a valid GSTIN is provided.

What does GSTR-1 mean?

The GST law requires every registered person to provide details of their sales and outward supplies, including invoices, debit notes, credit notes, and any amended invoices for supplies made during a tax period. Filing Form GSTR-1 is an integral part of this process.

GSTR-1 has 13 sections which are shown below:

Table No.	Information to be submitted
1,2, and 3	GSTIN, legal and trade names, and turnover in the previous year
4	Taxable outward supplies to registered persons (excluding zero-rated and deemed exports)
5	Taxable outward inter-state supplies to unregistered persons with invoice value > Rs.2.5 lakh
6	Zero-rated supplies and deemed exports
7	Taxable supplies to unregistered persons (other than those in Table 5)
8	Outward supplies that are nil-rated, exempted, or non-GST
9	Amendments to taxable outward supplies from earlier returns (including debit/credit notes)
10	Debit and credit notes issued to unregistered persons
11	Advances received or adjusted during the current period, or amendments to earlier periods
12	Outward supplies summary based on HSN codes
13	Documents issued during the period
14	Suppliers - Reporting sales through e-commerce operators liable to collect TCS or pay tax
14A	14ASuppliers - Amendments to Table 14
15	E-commerce operators - Reporting both B2B and B2C sales with TCS liability
15A	E-commerce operators - Amendments to Table 15 for B2B and B2C sales

The due date for filing GSTR-1

The due dates for GSTR-1 depend on your turnover:

Businesses with sales up to Rs. 5 crore can file quarterly under the QRMP scheme, with returns due by the 13th of the following month.
Businesses with a turnover above Rs. 5 crore or those not opting for QRMP must file monthly, with returns due by the 11th of every month.

For businesses with turnover	Month\Quarter	Due Date
Less than Rs. 5 crore	Quartly	13th of the following Month
Above Rs. 5 crore	Monthly	11th of every Month

Who is required to file the GSTR-1 Form?

Every registered person under GST must file the GSTR-1, regardless of whether the transactions took place during the reporting period. Nil GSTR-1 filers with no transactions are also required to file.

However, some registered persons are not required to file GSTR-1. Here as follows:

Input Service Distributor (ISD)
Non-resident taxable person (NRTP)
A person registered under the Composition scheme
A person registered as a TDS Deductor
A person registered as a TCS Collector
A person registered for providing OIDAR services

How to amend GSTR-1?

A return that has been submitted cannot be amended under the Goods and Services Tax (GST) framework. However, a return can be amended in GSTR-1A for the related period-month/quarter-before the submission of GSTR-3B for that particular period, as per the CGST notification dated July 10, 2024.

Late Fees of GSTR-1

Name of the Act	Late fees daily	Maximum Late fees (Turnover up to Rs 1.5 crore)	Maximum Late fees (Turnover between Rs.1.5 crore to Rs. 5 crore)	Maximum Late fees (Turnover above Rs.5 crore)
CGST Act, 2017	Rs 25	Rs 1,000	Rs 2,500	Rs 5,000
Respective SCGT Act, 2017 / UTGST Act, 2017	Rs 25	Rs 1,000	Rs 2,500	Rs 5,000
Total late fees to be paid	Rs 50	Rs 2,000	Rs 5,000	Rs 10,000

The following table explains the late fee to be charged in case of nil GSTR-1 filing:

Name of the Act	Late Fees for everyday delay	Maximum late Fees
CGST Act, 2017	Rs 10	Rs 250
Respective SCGT Act, 2017 / UTGST Act, 2017	Rs 10	Rs 250
Total late fees to be paid	Rs 20	Rs 500

Conclusion

The submission of GSTR-1 is one of the compliance mandates of businesses within the Goods and Services Tax structure.

To avoid interest and ensure a smooth transaction process, it's essential to understand the deadline, the procedure for filing GSTR-1, and what happens if it is submitted late.

In this regard, NextBill enables such processes and is efficient and accurate. Regardless of the business size, either small business or Mid-size corporation, NextBill lets you have full GST compliance with the capability of focusing more on expanding your business

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