GSTR1 Return Filing FAQs

IndiaFilings has helped tens of thousands of businesses file their GST returns since the introduction of GST regime in July 2017. Over the last few months, we have received numerous questions from our customers regarding GSTR1 return filing. These questions have been summarised in this article. You can file GST return through LEDGERS GST Software.

Due Dates Modified

The Government has recently deferred the due date for filing GSTR 1 from the 11^th of April to the 13^th. Apart from this, the following are the due dates for filing GSTR 1 for the months of April, May and June 2019:

April 2019 – 11^th May 2019
May 2019 – 11^th June 2019
June 2019 – 11^th July 2019

It can be inferred from the above that the due dates for filing these returns fall on the 11^th of every succeeding month of filing. The deadline for quarterly filing of GSTR 1 for the quarter of April-June is 31^st July 2019.

Import of E-way Bill Data

It is essential for taxpayers to validate the data of their transactions before proceeding with the process of filing returns, as it saves time and unnecessary data entry. To cater to this purpose, the GST portal has now been integrated with the E-way Bill Portal (EWB). The integration enables the users to import the B2B and B2C invoice sections and the HSN-wise summary of the outward supplies section. Using these details, the taxpayers may verify the data and complete the filing. The feature has been introduced considering the major data gaps between self-declared liability in Form GSTR 1 and Form GSTR 3B. A similar rule also applies to Input Tax Credit (ITC) claimed in GSTR 3B, as it could be compared with the credit available in Form GSTR 2A. Data validation and comparison can be pursued through the following tabs of the portal:

Liability other than export/reverse charge.
Liability due to reverse charge.
Liability due to export and SEZ supplies.
ITC credit claimed and due.

On a more precise note, the newly launched facility takes away the taxpayer’s need to make specifications connected with the e-way bill transactions specified in GSTR 3B as it allows the taxpayers to import data in Form GSTR 1 for all invoices for generating the e-way bill. The particulars so imported would include the details of the supplier, receiver, invoice number, the date of invoice, the type and quantity of goods, HSN Code, etc. These details are then transferred to the GST portal and classed into three categories to be used in GSTR 1 – namely, Business to Business Supplies (B2B), Business to Consumer (B2C) supplies (covering values of above Rs. 2.5 lakhs) and HSN (Harmonized System of Nomenclature Code for goods and services) wise consolidated supply data. Taxpayers with more than 50 invoices but not more than 500 may download the data of the sections mentioned above in the ‘CSV’ file format, which can be imported into the GSTR1 offline tool. The form could then be filed through the offline tool after adding sufficient data and generating a JSON file, which can be uploaded on to the GST portal. If the number of invoices ranges above 500, the taxpayer can import the invoice details pertaining to these sections from the ‘Return’ Dashboard on the GST portal as a zip file. At a later time, the taxpayer may unzip to three files and extract in Excel format. The taxpayer may then add more invoices and fill the other sheets to upload in the offline tool.

Who should file GSTR1 return?

Under GST, all taxpayers, other than an input service distributor, a non-resident taxable person, casual taxable person and a person paying tax under the GST composition scheme are required to file GSTR1 return. Know more about GSTR1 return filing.

How to file GSTR1 return?

GSTR1 return can be filed online in the GST portal. You can also file GSTR1 return using LEDGERS GST Software, to file GSTR1 return using LEDGERS, create an account, update details of sales made during a month and click on upload GST return to file.

What is the time limit for filing GSTR1 return?

The due date for filing GSTR1 return is usually the 10th of every month. However, for the month of July 2017, the due date for filing GSTR1 return is 10th of October. The due date for filing all other GSTR1 return is yet to be announced by the GST Council.

What information is required to be filed in GSTR1?

In GSTR1 return, the following information is filed by the taxpayer:

Basic details of the taxpayer with GSTIN.
Period to which the Return pertains.
Invoice level information
1. B2B invoices
2. B2C invoices over Rs.2.5 lakhs in value
3. B2C invoices less than Rs.2.5 lakhs in value
4. Export invoices
5. Summary of Documents Issued
6. HSN Code wise summary of sales

What is the meaning “details of outward supplies”?

Under GST, the expression “details of outward supplies” means information pertaining to sales transaction in a month like invoices issued, debit notes, credit notes and revised invoices.

Can GSTR1 return be rectified?

Yes, any registered taxable person, who has filed GSTR1 return can rectify the return if there is a discovery of any error or omission. The taxpayer can file for the rectification for omission or error occurred for the said tax period. Upon filing for the rectification, the taxpayer can also make payment for any short payment of tax or the payment of tax and interest.

What is the time limit for filing GST return rectification?

GST return can be rectified by a taxpayer until the month of September following the end of the financial year to which the details pertain or furnishing of the relevant annual return, whichever is earlier.

What invoices should be uploaded to GST Portal?

For all B2B supplies (whether inter-State or intra-State), invoice level details like customer GSTIN, the item-wise value of supply, amount of tax applicable, place of supply, date of invoice and invoice number should be uploaded. For all B2C supplies (including non-registered Government entities, Consumer/person dealing in exempted/NIL rated/non-GST goods or services), the suppliers should upload invoice level details similar to B2B invoices, when the value of supply is more than Rs.2.5 lakhs. For invoices with a value of less than Rs.2.5 lakhs, State-wise summary of supply statement should be filed. The individual must mention the address of the buyer mandatorily in every invoice when the value of the invoice exceeds Rs.50,000. Procedure for uploading invoice to GST portal.

How to mention HSN Code in Invoice?

All the taxpayers must compulsorily mention the HSN code (4-digit) for Goods and Services Accounting Codes (SAC) for Services with turnover in the preceding financial year above Rs.5 Crore (For the first year of operations of GST, self-declaration of turnover of the previous financial year shall become accountable as there will be no all India turnover data shall in the first year. From the 2nd year onwards, the concerned individual shall use the data documented in the first year turnover under GST. For taxpayers with turnover between Rs. 1.5 Crores and Rs. 5 Crores in the preceding financial year, HSN codes may be specified only at the 2-digit chapter level as an optional exercise to start with. From the second year of GST operations, mentioning 2-digit chapter level HSN Code will be mandatory for all taxpayers with turnover in previous financial year between Rs. 1.5 Crores and Rs. 5.0 Crores. All taxpayers, irrespective of turnover, can use HSN code at the 6-digit or 8-digit level if desired. To start with, compounding dealers may or may not specify the HSN at 2 digit level. HSN Codes at 8-digit level and Accounting Codes for services will be mandatory in case of exports and imports. The taxpayers who have turnover below the limit of Rs. 1.5 Crore will have to mention the description of goods/service, as the case may be, wherever applicable. In order to differentiate between the HSN code and the Service Accounting Code (SAC), all the goods shall reflect ‘G ‘and services shall reflect ‘S’. Click here to find HSN code and GST rate for all goods and services.