{"id":20007,"date":"2020-11-23T14:26:15","date_gmt":"2020-11-23T08:56:15","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=20007"},"modified":"2022-11-16T12:36:22","modified_gmt":"2022-11-16T07:06:22","slug":"gstr-1","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/gstr-1\/","title":{"rendered":"GSTR 1 \u2013 Everything you need to know about Filings and Voluntary Compliance"},"content":{"rendered":"\n<p class=\"has-drop-cap\">GSTR 1 refers to a document that encloses the information regarding the sales made by the seller to the buyer. GSTR-1 is the primary document on which the compliance framework of <a href=\"https:\/\/corpbiz.io\/gst-registration\"><strong>GST<\/strong><\/a> is based. In the article, you will learn everything regarding GSTR-1 and its aspects from the taxpayer\u2019s viewpoint.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#What_is_the_Due_date_for_filing_GSTR_1\" >What is the Due date for filing GSTR 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#Who_is_Liable_to_file_GSTR_1\" >Who is Liable to file GSTR 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#What_if_Suppliers_fail_to_submit_GSTR_1_on_the_said_date\" >What if Suppliers fail to submit GSTR 1 on the said date?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#What_Details_are_to_be_Mentioned_in_GSTR_1\" >What Details are to be Mentioned in GSTR 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#Conditions_for_Omitting_Any_Error_or_Detail_Included_By_the_Supplier_in_GSTR-1\" >Conditions for Omitting Any Error or Detail Included By the Supplier in\nGSTR-1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#Conditions_under_Which_Omission_of_Error_is_Not_Possible\" >Conditions under Which Omission of Error is Not\nPossible<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#What_Process_should_be_followed_in_Case_if_Detail_of_Supplies_were_Modified_or_Omitted_by_the_Recipient\" >What Process should be followed in Case if Detail of Supplies were Modified\nor Omitted by the Recipient?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#How_the_Return_Filing_System_Under_GST_Monitors_Tax_Evasion_and_Advocates_Voluntary_Compliance\" >How the Return Filing System Under GST Monitors Tax Evasion and Advocates\nVoluntary Compliance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#Late_Fees_and_Penalty\" >Late Fees and Penalty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#What_are_the_Details_that_cannot_be_modified\" >What are the Details that cannot be modified?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/corpbiz.io\/learning\/gstr-1\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Due_date_for_filing_GSTR_1\"><\/span>What is the Due date for filing GSTR 1?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The due date for GSTR 1 depends on the turnover. On account of business turnover, taxpayers need to file GSTR 1 return either on a monthly or quarterly basis. Businesses with an annual turnover of up to one and a half crore is permitted to file the quarterly based return. Meanwhile, a business whose yearly income which is greater than the said limit is requires monthly based returns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The given Tabular Representation Shows the Due Dates to File GSTR 1<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"1024\" height=\"597\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Due-Dates-to-File-GSTR-1-1024x597.png\" alt=\"Due Dates to File GSTR-1\" class=\"wp-image-20043\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Due-Dates-to-File-GSTR-1-1024x597.png 1024w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Due-Dates-to-File-GSTR-1-300x175.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Due-Dates-to-File-GSTR-1-768x448.png 768w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Due-Dates-to-File-GSTR-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_Liable_to_file_GSTR_1\"><\/span>Who is Liable to file GSTR 1?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Every taxpayer has to file GSTR-1 regardless of the number of transactions. However, the following individuals are not required to file GSTR-1.<\/strong><\/p>\n\n\n\n<ul><li>Composition Dealers<\/li><li>Input Service Distributors<\/li><li>Suppliers of OIDAR, who have address tax\nliability as per section 14 of the IGST Act.<\/li><li>Non-resident individuals<\/li><li>Taxpayer collecting TCS<\/li><li>Taxpayer deducting TDS<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_if_Suppliers_fail_to_submit_GSTR_1_on_the_said_date\"><\/span>What if Suppliers fail to submit GSTR 1 on the said date? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In case of the failure to submission, the supplier will not\nbe able to file the GSTR-1 between the 11th to 15th of the subsequent\nmonth.&nbsp; The law has imposed a limitation\non such a way of filing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Details_are_to_be_Mentioned_in_GSTR_1\"><\/span>What Details are to be Mentioned in GSTR 1?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>The filing of GSTR-1 is done in Form GSTR-1. Following are the list of the particular included in GSTR 1:-<\/strong><\/p>\n\n\n\n<ul><li>Invoice related info Intra-state and inter-state supplies made to registered taxpayers and inter-state supplies with invoice value higher than 2.5 lakh made to unregistered individuals.<\/li><li>Consolidated information of Intra-State supplies made to non-registered individuals for each tax rate and State wise inter-state supplies with invoice accounting for 2.5 lakh rupees made to the non-registered individuals for each rate of tax.<\/li><li>Credit and debit notes issued during the period for invoices issued previously. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conditions_for_Omitting_Any_Error_or_Detail_Included_By_the_Supplier_in_GSTR-1\"><\/span>Conditions for Omitting Any Error or Detail Included By the Supplier in\nGSTR-1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The Registered individual has successfully filed GSTR 1<\/li><li>Information provided by the registered taxpayer should remain unmatched. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Suitable Timeline for Making Rectification of Error<\/h3>\n\n\n\n<p>The omission of error can be made in the return to be\nprovided for the given month for which error is noticed. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What If The Tax Payable Increases After The Omission Of The Error? <\/h3>\n\n\n\n<p>The registered <strong>taxpayers<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Taxpayer\"><strong>[1]<\/strong><\/a><\/sup> are liable to pay tax as well as the interest if any. The tax + interest must be deposited with the return to be provided for the tax period in which the said error is rectified. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conditions_under_Which_Omission_of_Error_is_Not_Possible\"><\/span>Conditions under Which Omission of Error is Not\nPossible<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Rectification of error according to the information provided is not permitted after happening of the given events:-<\/strong><\/p>\n\n\n\n<ul><li>Filing of return for the September month\nfollowing the end of the year to which such information pertain, <\/li><li>Filing of the yearly return. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Process_should_be_followed_in_Case_if_Detail_of_Supplies_were_Modified_or_Omitted_by_the_Recipient\"><\/span>What Process should be followed in Case if Detail of Supplies were Modified\nor Omitted by the Recipient? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>The supplier will be notified for the same via Form GSTR 1A<\/strong><\/p>\n\n\n\n<ul><li>Supplies that have been modified or omitted by\nthe recipient or, Supplies that remain undeclared from the supplier\u2019s end but\nhave been incorporated in the return by the recipient.<\/li><li>The taxpayer i.e. outward supplier who has been\nnotified regarding the said matter would have to take actions accordingly as\nper the bylaws.<\/li><li>The action of accepting or rejecting the\nnotification provided to the outward suppliers shall be done on or before the\n17th day but after the 15th day of the month following the tax period.<\/li><li>On accepting or rejecting the details, the\ndetails as submitted by the outward supplier shall stand amended accordingly.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_the_Return_Filing_System_Under_GST_Monitors_Tax_Evasion_and_Advocates_Voluntary_Compliance\"><\/span>How the Return Filing System Under GST Monitors Tax Evasion and Advocates\nVoluntary Compliance? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If the supplier fails to render the legitimate information of outward supplies in GSTR 1 and the recipient successfully avail the credit on paid tax then a trail would be created for the supply. Also, GSTR-1 of suppliers will show variation concerning details of inward supplies provided by the recipient in the GSRT-2. Therefore, the supplier would have to make changes in the details file by him.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Late_Fees_and_Penalty\"><\/span>Late Fees and Penalty<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The late fee for non-filing of GSTR 1 is two hundred rupees per day (Rs 100 as per the CGST and SGCT Act respectively). The late fees will be imposed from the day after the due date. Given the latest update, the late fees for nit return have been reduced to Rs 50\/day and Rs 20\/day.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Details_that_cannot_be_modified\"><\/span>What are the Details that cannot be modified?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Following are the particulars that are not open to changes:-<\/strong><\/p>\n\n\n\n<ul><li>GSTIN of the customer. <\/li><li>Modifying tax invoice into the bill of supply<\/li><li>Bill of export date &amp; shipping bill date. <\/li><li>Type of export<\/li><li>Place of supply <\/li><li>Reverse charge applicable&nbsp; <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Generally, details needed to be mentioned in the GSTR 1 format are either state-wise, rate wise or invoice wise details of outward supplies completed during the month. The credibility of a business could be compromised on account of non-compliance with the filing requirement. Also, it will affect the customers since input tax credit depends on the supplier compliance.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/corpbiz.io\/learning\/guide-on-section-7-schedule-1-of-the-cgst-act\/\">\nOverall Guide on Section 7 Schedule 1 of the CGST Act\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GSTR 1 refers to a document that encloses the information regarding the sales made by the seller to the buyer. GSTR-1 is the primary document on which the compliance framework of GST is based. In the article, you will learn everything regarding GSTR-1 and its aspects from the taxpayer\u2019s viewpoint. What is the Due date [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":20012,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[1239],"acf":{"service_id":"96"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":5194,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/20007"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=20007"}],"version-history":[{"count":15,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/20007\/revisions"}],"predecessor-version":[{"id":50723,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/20007\/revisions\/50723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/20012"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=20007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=20007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=20007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}