200 per day of delay. 20 (INR 10-CGST & INR-10 SGST) per day for nil returns. But, we are advising you to upload the invoices at a regular interval, because bulk upload consumes a lot of time while filing GSTR-1. 1.5 crore, will have to file the GSTR-01 return on a monthly basis. Detail of outward supplies in the course of inter-state outward supplies. Supplies as Zero rated supplies and deemed export shall be provided under Table 6 of GSTR – 1. Furthermore, the outward supplies will be autopopulated in the GSTR 2 of the purchaser and the amount of tax will be input tax credit for the purchaser. It contains details of all outward supplies i.e. The net result of these transactions would be a net sale of 17,000 to Ms. Sunanda. However, you can consider such invoice only upto due date of filing of GSTR-3B of September month of the following year or date of filing of annual return, whichever is earlier. Separate information for inter-state supplies and intra-state supplies to be provided. At the beginning of every Financial Year, you need to select whether you want to file GSTR-1 on monthly basis or quarterly basis as per your aggregate turnover of preceding year and expected turnover of current year. details of sales are filed with the government. Click Services > Returns > Returns Dashboard . It will auto-populate post login at GST portal, Aggregate Turnover in the foregoing Financial Year. However, under the GST regime, this process has become online. Furnish details related to the advance amount you have received in the tax period for which yet the invoice has not been issued  under table 11A. Select the Return Filing Period , and click Search . Based on your turnover, the due dates of filing GSTR-1 vary. 2,50,000. If you’ve got further queries, get in touch with our experts or comment in the box below. But both types of amendment come with their own limitations. Industries with aggregate turnover more than Rs. It does not constitute professional advice or recommendation of firm. Place of Supply only if the location is different from the region from where the recipient belongs. Therefore, it will be left blank. The GSTR-01 return contains details about outward supplies. But it’s mandatory to file GST CMP-08 for taxpayers under composition scheme or who opted for benefit of N/No. It will auto-populate post login at GST portal, If the registered person has any trade he needs to enter that here. You can not change a tax invoice to bill of supplyb. 2. All the taxpayers liable to file GSTR-01 on a monthly basis need to fill the form by 11th of the following month of the filing date of the return. All the supplies that attracts reverse charge under Table 4B. Reverse charge had been paid at the time of purchase and to create such Reverse Charge liability , Reverse Charge Recoverable A/c was debited and SGST & CSGT Output OR IGST Output was credited. The due date for filing the GSTR 1 return will be the 13th of the consecutive month in the … Blog » Goods and Service Tax » GST Returns » Quick Guide on GSTR-1 Return Filing: Essential Facts You Need to Know. It will auto-populate post login at GST portal, Name of the registered taxpayer. Registrations of entities under Micro, Small and Medium enterprises (“MSME”) is increasing every day due to various benefits being offered by the government for MSMEs, CBIC highlighted  that detailed procedures are provided for processing of Department ligitations. Further, If your aggregate turnover is exceed during financial year, GST portal will automatically convert your quarterly return into monthly return and you have to file all GSTR-1 from beginning to till date for that financial year. Treatment in case of sales return:-Section 34 of CGST Act 2017 prescribes provisions related to sales returns. Exemption is given to supplier having aggregate turnover of less than 1.50 crores from requirement of furnishing HSN wise summary,. For export transactions, the recipient GSTIN will not be available. Consider the following transactions of a purchase and a return. 50 per day (INR 25-CGST & INR 25 SGST) and Rs. Supplies made via e-commerce attract TCS under section 52 of the Act under Table 4C. 4, 5, 6 and 7 under table 11B. Essentially, it is a return showing all the sales transactions of a business. Taxpayers Need to Provide Tax Rate wise detail for following: All the supplies except the one related to reverse charge/ done through any e-commerce dealer under Table 4A. Anonymous, India's largest network for finance professionals. Time limit of rectification and considering left out invoices is same as mentioned in point no. However, in case of export and import of goods 8 digit HSN summary is mandatory, Read more about Various Returns under GST. Taxpayers need to provide rate wise detail for the following: Note: In case details of the shipping bill is not available, you can leave that blank. The taxpayer needs to provide the Aggregate Turnover – April to June, 2017 in this column. E.g. Taxpayers have to provide the invoice wise details in the designated fields, The sales of the taxpayers’ business cover supplies to unregistered persons , registered persons , credit Notes, debit notes, export, amendment to sales detailed given in earlier, Taxpayer liable to collect TCS and deduct TDS, Suppliers of OIDAR (Online Information and Database Access or Retrieval). Answer - If any amount in respect of any invoice is missed while filing GSTR-3B say for the month of July, then you have the option to further furnish the detail of the invoice at time of filing GSTR-1 and GSTR-2 for the month of July. All taxpayers filing return in GSTR-1 to GSTR-3, other than ISD’s, casual/non-resident taxpayers, taxpayers under composition scheme, TDS/TCS deductors, are required to file an annual return. The sub-section (1… The GSTR-2 is a monthly tax return showing the purchases you’ve made for that month. 2/2019-Central tax (Rates), every quarter. All data which is filled in GSTR 1 return will be automatically be arise in GSTR-2A return here you can tally the details to get the inputs for that specified period 3. You need to submit the following details under table 5 of Form GSTR-01. So, you need to file the GSTR-1 on a quarterly or monthly basis in addition to GSTR-3B. 100 SGST. you have not considered an invoice in GSTR-1 of January, 2020. 74/2019 – Central Tax Date of Notification Published: 26th December 2019) to waive off the amount of late fee. This means that any individual that is involved in the journey the supply of goods needs to specify details pertaining to the supply and the recipient too. If it is purchase for you and you return the goods, you need to provide these details (Debit Note) only in GSTR 2. Log in to the GST portal. In the proposed system of new GST Return filing, a normal taxpayer would have to file FORM GST RET-1 (Normal) or FORM GST RET-2 (Sahaj) or FORM GST RET-3 (Sugam), on either a monthly (only GST RET-1) or quarterly basis. The seller must declare the credit note in the GSTR-1 of the month in which it was issued. Such invoices should be reported in the subsequent month’s GSTR-1. . Further, suppliers with aggregate turnover of more than 1.50 crores but less than 5 crores may furnish HSN wise summary upto 2 digits.3. Government has released a notification (Notification No. 4. Suppliers with aggregate turnover of more than 5 crores may furnish HSN summary upto 4 digits. The first step in matching purchase invoices with the GSTR 3B return filed is to compare the purchases available in your books with respect to GSTR 2A (available on GST portal) of the respective return period. We are fully in agreement with your view. State-wise information to be provided for supplies made outside the state under Table 7B. File GSTR-1 returns 1. Only in case of amendment in  exports transactions taxpayers have to provide shipping bills. 20th October, 2020, or date of filing of annual return, whichever is earlier. GSTR 1 is a monthly return of outward supplies if a person has entered into a transaction of supply of goods, then there must be someone who would be the recipient of the supply of goods. However, GSTR-1 contains invoice wise and party wise details of outward supply. Following are the details you need to submit while filing return through GSTR-1: Table – 1, 2 and 3 capture basic detail of registered person filing return. No tax has to be paid after filing this return. Advance amount received in previous tax period and adjusted against the supplies being shown in this tax period in Table Nos. If any taxpayer fails to file GSTR 1, a late fee will be applicable worth of Rs. In this case, export transactions should also be reported rate wise. Goods Return under GST Goods returned by registered buyer If goods are returned by a registered recipient, then the registered seller will issue a credit note to the buyer. Filing GSTR-3B is a simple summary of computation of GST Liability on monthly basis. To know more about GST returns, go through our other articles. Shipping bill wise detail along with the date of the bill to be provided under Table – 6. GSTIN, reverse charge applied is clearly based on the Invoice associated with the detail. A few days later she returned goods to the extent of 48,000. Amendment of information furnished in Table No. GSTR 1 is a form that accounts for the outward supply of goods. Businesses having aggregate turnover of INR 1.5 crore or more need to file GSTR-1 on monthly basis . No, you don’t have to file GSTR-1. However,such late fees have been reduced to Rs. Information of supplies to an unregistered person where invoice value is bigger than Rs. Thanks for your revert. Sales Return in GST - Question & Answer on GST Sale Return … GSTR 1 and GSTR 3B- Difference between GSTR 1 and GSTR 3B - … Alongside, rate wise information to be provided under this table. Following amendments are not permitted or non-permitted under GSTR-1: a. 2,50,000. This section requires you to furnish all the information related to the invoices uploaded in the tax period, revised invoice, credit notes, debit notes etc. Earlier there was an RCM for purchases from URD but that is removed. You will have to enter the total Turnover in the last Financial Year. The Place of Supply to be provided under this table. You will have to submit this information in the case of the first year return filing only. 7 above, i.e., due date of filing of GSTR-3B of September month of the following year or date of filing of annual return, whichever is earlier. In the recent Notification No. Yes, if you have failed to consider any invoice in GSTR-1 of earlier period, then you can consider the same in current month. Q.6 – Is it possible for a registered taxpayer to avail ITC on Form GSTR 3B for the invoices which are not yet uploaded by the supplier in Form GSTR 2A? However, such procedures are not being followed seriously and therefore, delayed departmental appeals/petitions are filed before the Hon’ble Courts. This is a monthly, or sometimes quarterly, return that you have to file to account for the same with regards to your business. GSTR-1 is a monthly/quarterly return that is required to be filed by every registered dealer in India. 50 per day is levied till the date the return is filed. This section provides a summary of all transactions recorded in the reporting period. Rate wise detail to be provided In table 7. In case where there are no changes in IEC details same are also needs to be confirmed online. Details related to supplies to registered person furnished in Table 4. Currently, One of the hot questions in relation to GSTR-3B is that if any invoice data gets missed while filing return, then what shall be the implication? 3. Let’s understand it in detail. However , a small issue is cropping up when such purchase return is being made to Un-Registered / Party under Compound Levy . Then such invoice can be added upto due date of filing of return of GSTR-3B of September, 2020, i.e. Now the scenario is changed, You dont need to show the purchases anywhere unless covered under the RCM. Table 7B captures details of supplies to unregistered person for all supplies made outside the state. However, businesses with aggregate turnover up to 1.5 crores have an option to file the return on quarterly basis.. The Place where the supply is made, which is mandatory to mention in this case. Any debit/ credit note related to the bill issued before the designated day under the law existing needs to be reported in this table. The contents of this article are solely for informational purpose. 1.5 crore, will have to file the GSTR-01 return on a monthly basis. Yes, it is mandatory to enter HSN wise summary by all suppliers in case of return filing through GSTR-1 Subject to following exemptions: 1. How to show Sales Return and Purchase Return in GSTR 3B? Thus no need to show it anywhere. All the registered taxpayers need to file the Form GSTR-1 to fill the sale details of their business irrespective of any profit gained or lost in a month. Yes, you have to file GSTR-1 even if you had no business in a month or a quarter under a tax period. If a recipient is liable to pay GST on RCM basis then such recipient shall not disclose his inward supplies liable to RCM in this table. You can drill down on each row to view the details. Therefore, those details must have to be the same with the detail of the associated invoice. 11 in GSTR-1 statement for earlier tax periods to be provided under table – 11B. When to file GSTR-1. The GSTR 1 form is a return form for the regular taxpayers who have to file details of outward supplies on every 11th of next month for those who cross the turnover more than 1.5 crores annually. Amendments of supplies with respect to following: Taxable value net of debit/ credit note raised in a particular tax period and information pertaining to previous tax periods which was not reported earlier, shall be furnished in Table 10. No B2C supplies would be provided under table 4 of GSTR – 1. What is GSTR 1? Starting 1 January 2021, small taxpayers with aggregate turnover of less than 5 crores can file quarterly GSTR 1 and GSTR 3B. Supplies made with e-commerce dealer shall be provided separately along with GSTIN number of each e-commerce. 2. There is full leverage provided for uploading invoices. Supplies to unregistered persons where invoice value is more than 2,50,000 and supplies made outside the state. Supplies with SEZ unit or SEZ developer / exports / deemed exports furnished in Table 6; Rate wise Information needs to be furnished here. The GSTR-01 return contains details about outward supplies. You need to provide the HSN Code as per given turnover slab. However, business entities with aggregate turnover upto 1.5 crore have an option to file GSTR-1 on quarterly basis. Outward supplies liable to reverse charge will be reported here. Pls guide me...... 28 December 2017 If it is purchase for you and you return the goods, you need to provide these details (Debit Note) only in GSTR 2.

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