How to File GSTR-1 for Free: GSTR-1 is the first number in the process of filing GST returns. It is not only the first, it is also the foundation of all the forms that come forward.
Once you know the method of filling it, then you will not face much problem in filling any GST Return form further. The process of filling all is almost the same, only the difference of items is there. So let’s know the process of filling GSTR-1 and the important information related to it.
- 1 Who has to file GSTR-1? Who needs to file GSTR-1?
- 2 Who does not have to file GSTR-1?
- 3 Last date for filing GSTR-1
- 4 Details are to be filled in GSTR-1
- 5 Process To File GSTR-1 Online?
- 6 Which is the signature on GST return?
- 7 Penalty on delay in GST Returns
- 8 Points to be kept in mind while filing GSTR-1. Important Points
- 9 Avoid These Mistakes
- 10 A chance to correct mistakes. How to File GSTR-1?
Who has to file GSTR-1? Who needs to file GSTR-1?
In GSTR-1, you have to fill in the details of all outward supplies made in the previous month. In the GST system, it is mandatory for everyone to fill GSTR-1 except those taking the composition scheme and some other special category businessmen. Separate GST return forms have been issued for those opting for composition schemes and other special categories of businessmen.
Who does not have to file GSTR-1?
- Dealers registered under the Composition Scheme
- E-Commerce Operators
- Input Service Distributors
- Non-Resident dealers
- TDS deductors
Last date for filing GSTR-1
You can fill it out and submit it by the 10th of the month immediately following the business month. For example, GSTR-1 can be submitted by the 10th of August for the entire sales for the month of July. Similarly, the sales for the month of August can be submitted by filling GSTR-1 till 10th September. Going forward, GSTR-1 will be submitted for every month’s business by the 10th of the next month.
Note: In view of technical and other practical difficulties in filing GST returns, the government has extended the last date for filing GST returns for the initial two months of July and August. GSTR-1 for the month of July 2017 can now be filed between the 1st to 5th of September instead of the 10th of August. Similarly, GSTR-1 for August 2017 can now be filed between 16 to 20 September instead of 10 September.
For the business done during these two months (July and August 2017), the government has issued a simple return form GSTR-3B. In this, you just have to give information about all sales, purchases, estimated total tax liability, and total tax deposited.
Details are to be filled in GSTR-1
how to fill GSTR-1 In this, you have to fill in the details of all outward supplies made in the last month. You have to fill in a total of 13 types of details in this form. We are giving their information here.
1. GSTIN Number: GSTIN number of the taxpayer. The number with which you have logged in, you will see the same number automatically entered above in the GSTR-1 form.
2. Name: Name of the taxpayer. This will also get automatically entered in the GSTR-1 form.
3. Annual turnover (Gross Turnover): You have to give information about the amount of business you have done during the last financial year. You have to fill in this information only if you are filing GST Return for the first time. From next time this will also be automatically recorded on your GST Return Forms.
4. Month & Year: You will see the drop-down of year and month. Out of this, the month of the year for which you are filing the return has to be selected.
5. GST received on goods sold (Tax on outward supplies): The details of CGST and SGST collected on goods sold within the state are to be given here. If your goods have been sent outside the state, then IGST received on it has to be mentioned. Details of the sale of GST-free goods and services will also have to be given.
6. Outward Supplies value exceeds Rs. 2.5 lakhs: Sales made to all customers to whom goods sold above Rs. 2.5 lakhs are to be mentioned separately.
7. All the supplies left out from the above two items are to be filled in this section.
8. Details of total credit and total tax credit (Debit Notes or Credit Notes Details)
9. Amendments to the details of any outward supplies: Use this section if you want to make any changes to the sales made in the previous month. Any change in debit or credit notes does not come under its purview.
10. Exempted sales from GST (Exempted, Nil-Rated, and Non-GST Supplies): This has to mention those sales on which GST is not applicable. Outward supplies are to be mentioned in such items which are completely tax-exempt, zero-rated, and out of the purview of GST. Note: If any such sale has been mentioned in any of the above sections, then there is no need to fill it here again.
11. Export Sales: If you have sent any goods outside the country, then it has to be mentioned in this section.
12. Advance GST (Tax Liability arising out of advance receipts): Total GST tax payable on advance deposit for goods from a customer is also to be mentioned here.
13. Tax Paid: Here you have to give the details of the tax you have paid.
Process To File GSTR-1 Online?
You can fill GSTR-1 form online by login to the GSTN portal with your username and password.
Step-1: Click on the “Services” option present in the top bar of the homepage. The returns option will appear in front of you. Returns Dashboard will appear as soon as you click on it.
Step-2: In the Returns Dashboard, you have to choose the financial year and month for which you want to file the return. After filling these, as soon as you click, all the returns related to that month appear in front of you in a tiled position.
Step 3: You have to select the tile containing GSTR-1 from these. In the form, you have to fill in all the details asked in the 13 sections mentioned above. If you want, you can fill it out online, or you can fill it out offline first and upload it later.
Step 4: Now add all your invoices. You can also direct upload all the invoices.
Step 5: Press the submit button. You will have a chance to validate the information filled in the form. Take a look at all the information once again. If satisfied, press the button of FILE GSTR-1. To complete this process, you will also have to do your E-Sign or Digital Sign.
Step 6: Finally a pop-up button of confirm appears in front of you. Yes or no options are available on this. As soon as you press the yes button, you get the Acknowledgment Reference Number (ARN). This is proof of filling out Form GSTR-1 on your behalf.
Which is the signature on GST return?
Before the GST return is complete, you have to sign it. For this, you have two options in front of you.
If the return is of a general businessman, shop operator, partnership firm or HUF, etc., then you can adopt the option of “E-sign”. But, you will be able to do this option only when you have the Aadhar Card Number. OTP will be sent to the mobile number entered with the Aadhaar number to verify your e-sign.
If the return is from a company, LLP (Limited Liability Partnerships), or FLLP (Foreign Limited Liability Partnerships), then digital signs are used in it. For this, you have to prepare a digital signature certificate (DSC) in advance.
Penalty on delay in GST Returns
If you do not submit GSTR-1 by the due date, then a late fee will have to be paid. It will be Rs 100 per account and per day. Late fees can be up to a maximum of Rs 5000. This late fee automatically starts appearing in your account after filing the GSTR-1 return form after the prescribed last date.
Points to be kept in mind while filing GSTR-1. Important Points
Keep uploading receipts from the beginning. Upload Invoices Regularly?
GSTR-1 has to be filled and submitted within the next 10 days after the completion of the month, but in this, you can file your business invoices from the 1st of the business month to the 10th of the next month i.e. in about 40 days. Can upload it anytime. During this time, if you understand the need, you can also make changes to them (if there is any change in the deal).
Avoid These Mistakes
These mistakes are more likely to happen while filing GSTR-1. These can be easily avoided by taking a little care.
- Incorrect entry of HSN code of goods. incorrect HSN codes
- Incorrect entry of service accounting code. Wrong Service Accounting Codes
- Charging the wrong tax rate. charging incorrect tax rates
- Adding out-of-state sales to intra-state sales. treating a sale as an intra-state sale instead of an inter-state sale
- Re-uploading of a tax receipt. mentioning a tax invoice twice and the like.
- Incorrect shipping address. Wrong shipping address
A chance to correct mistakes. How to File GSTR-1?
It may happen that you have wrongly filled in the details of the sales supply of any item. You can make changes in such GSTR-1 even after filing it. Here we are telling the scope of mistakes and some ways to solve them…
- Generally, on the part of the buyer (recipient), it can be rejected if the wrong deal is mentioned by the seller’s supplier. The supplier will get information regarding this online in his account present in the portal. which he can improve.
- Similarly, if a deal is entered by mistake by the buyer, the seller can report it to the jurisdictional authority. The jurisdictional authority will have the right to verify the facts and take the right decision.
- You might accidentally upload a receipt for a purchase a second time. For this, you have to download a system on your computer, which will match your GSTIN, financial year, and invoice number and show your repetition on the computer.
- It may also happen that the seller has to make changes in the information of any of his tax invoices, which he has already filed in GSTR-1. He can do this only if the buyer-recipient also approves that change.
- In such a situation, the supplier has to issue a supplementary invoice or credit note, in which he wants to make changes. If the buyer has accepted the details prior to the transaction, then the supplier will not have any chance to make changes to the tax invoice.
So today you have learned to fill GSTR-1 but do you have complete knowledge about GST? If not, then definitely understand it because after that everything will seem easy.