GSTR-1
Form GSTR-1 contains details of outward supplies (sales) of taxable goods and/or services. GSTR-1 can either be filed quarterly or monthly.
Quarterly return
Registered persons with an aggregate turnover up to Rs. 1.5 crore may opt for quarterly return filing
Registered persons with an aggregate turnover up to Rs. 1.5 crore may opt for quarterly return filing
| Period (quarterly) | Due dates |
| July – Sept. 2017 | Jan. 10, 2018 |
| Oct. – Dec. 2017 | Feb. 15, 2018 |
| Jan. – March 2018 | April 30, 2018 |
Monthly return
Registered persons with aggregate turnover of more than 1.5 crore must file a monthly return. For those with aggregate turnover of less than 1.5 crore, the monthly return is optional.
Registered persons with aggregate turnover of more than 1.5 crore must file a monthly return. For those with aggregate turnover of less than 1.5 crore, the monthly return is optional.
| Period (monthly) | Due dates |
| July – Nov. 2017 | Jan. 10, 2018 |
| Dec. 2017 | Feb. 10, 2018 |
| Jan. 2018 | March 10, 2018 |
| Feb. 2018 | April 10, 2018 |
| March 2018 | May 10, 2018 |
Important considerations that need to be taken into account while filing GSTR-1
Businesses need to be careful to file correctly. This is especially important right now because there have been several due date extensions that require taxpayers to upload GST returns for multiple periods at once, and choosing the correct period is very important.
Businesses need to be careful to avoid duplicating invoices. Further, it is important to correctly categorise goods under the correct HSN codes and make sure to charge the correct tax rate. Mentioning the right tax type, i.e., CGST, SGST, IGST, is also important.
Further, details of aggregate turnover in the previous year and a valid digital signature will also be required when filing GSTR-1.
Businesses need to be careful to file correctly. This is especially important right now because there have been several due date extensions that require taxpayers to upload GST returns for multiple periods at once, and choosing the correct period is very important.
Businesses need to be careful to avoid duplicating invoices. Further, it is important to correctly categorise goods under the correct HSN codes and make sure to charge the correct tax rate. Mentioning the right tax type, i.e., CGST, SGST, IGST, is also important.
Further, details of aggregate turnover in the previous year and a valid digital signature will also be required when filing GSTR-1.
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