GSTR-1 Return: Meaning, Due Date & How to File With Munim 

If you have just started your accountancy practices or if you are a business owner who does not know the first step toward staying GST-compliant, read this blog to understand GSTR-1 return filing, its meaning, late fees, the latest updates, and how to file GSTR-1 with Munim GST Return Filing Software. 

What is GSTR-1 & its Meaning? 

The GSTR1 filing is a form where taxpayers furnish details of outward supplies made during the given tax period. However, this form does not apply to composition vendors and non-resident taxpayers. Following are the latest updates on GSTR-1 Return: 

• GSTN advised restoring the return data for July 2017 and August 2017, which were archived on 1 August and 1 September, respectively. 

• An optional GSTR is introduced called ‘GSTR-1A’ to amend details filed in the GSTR-1 for a tax period but before filing GSTR-3B for the same tax period. 

• CGST Rule 59(4) is amended to replace the invoice reporting limit of Rs. 2.5 lakhs with Rs. 1 lakh for interstate supplies to registered persons. The formats are updated to incorporate the update in GSTR-1 and GSTR-5. This new format has been applied from 1st August 2024. 

Format of GSTR-1 Form 

• The GSTR-1 format consists of information such as sales and outward supplies. In this section, we will look at each of the sections in detail: 
• Year – Year for which you are filing GSTR1 
• Month – Month for which you are filing GSTR-1 
• 3. GSTIN – 15-digit unique PAN-based GST Identification Number, which is auto-populated in the form. 
• 3a. Legal name of the registered person – Name of the registered person as provided during registration. (Auto-populated)
• 3b. Trade name – Any trade/brand name a registered person has. (Auto-populated)
• 4a. Aggregate Turnover in the preceding Financial Year
• 4b. Aggregate Turnover in the previous quarter 
• 5. Taxable outward supplies made to registered persons (including UIN-holders)other than supplies covered by Table 6
• 6. Taxable outward inter-state supplies to un-registered persons where the invoice value is more than Rs 2.5 lakh
• 6A. Outward supplies (other than supplies made through an e-commerce operator, rate-wise)
• 6B. Supplies made through e-commerce operators attracting TCS (operator-wise, rate-wise) 
• 7. Zero-rated supplies and Deemed Exports 
• 8. Taxable supplies (Net of debit notes and credit notes) to unregistered persons other than the supplies covered in Table 5
• 8B. Inter-State Supplies where invoice value is up to rs 2.5 Lakh [Rate wise]
• 8B (1). Place of Supply (Name of State) 
• 8B (2). Out of the supplies mentioned in 7B (1), the supplies made through e-Commerce Operators (operator-wise, rate-wise)
• 9. Nil-rated, exempted and non-GST outward supplies 
• 10. Amendments to taxable outward supply details furnished in returns for earlier tax periods in Table 4, 5 and 6 [including debit notes, credit notes, refund vouchers issued during the current period and amendments thereof]
• 11. Amendments to taxable outward supplies to unregistered persons furnished in returns for earlier tax periods in Table 7 
• 12. Consolidated Statement of Advances Received/Advance adjusted in the current tax period/Amendments of information furnished in the earlier tax period
• 12A. Advance amount received in the tax period for which invoice has not been issued (tax amount to be added to output tax liability)
• 12B. Advance amount received in an earlier tax period and adjusted against the supplies being shown in this tax period in Table Nos. 4, 5, 6 and 7
• 13. HSN-wise summary of outward supplies
• 14. Documents issued during the tax period.

GSTR-1 Last Date

The last date for GSTR-1 filing is based on the annual turnover your or whether you have opted for the QRMP scheme, which is as follows: 

Annual turnover less than Rs. 5 Crore and under QRMP Scheme — 

Businesses that have opted for the QRMP scheme have to file GSTR-1 quarterly, and the due date is the 13th of the month following the given quarter. 

Quarterly GSTR-1 due dates are as follows: 

• April to June – 13th July
• July to September – 13th October
• October to December – 13th January
• January to March – 13th April

Annual turnover of more than Rs. 5 Crore (non-QRMP) — 

Businesses that do not come under the QRMP scheme and whose annual turnover is more than that have to file GSTR-1 every month, and it is due on the 11th of the following month.  

Monthly GSTR 1 due date for regular taxpayers are as follows: 

Month	GSTR-1 Due dates
April	11th May
May	11th June
June	11th July
July	11th August
August	11th September
September	11th October
October	11th November
November	11th December
December	11th January
January	11th February
February	11th March
March	11th April

Who Should File GSTR-1

If you are registered under GST, it is mandatory to file GSTR-1 irrespective of whether there are any business transactions in the given tax period. However, some registered entities are not required to file GSTR-1; the list is as follows: 

• Composition Dealers
• Non-resident taxable person
• Taxpayer liable to collect TCS
• Input Service Distributors
• Distributor of Online Information and Database Access or Retrieval Services (OIDAR)
• Taxpayer liable to deduct TDS

Note—If there are no business transactions in the given tax period and you do not fall under any of the above-listed categories, you are required to file Nil GSTR-1. 

GSTR-1 Late Fees and Penalty

Name of the Act	Penalty charged per day of delay	Turnover limit – up to 1.5Cr	Turnover limit – 1.5 Cr to 5 Cr	Turnover limit – More than 5Cr
CGST Act	Rs 25	Rs 1,000	Rs 2,500	Rs 5,000
SGST or UTGST (whichever is applicable)	Rs 25	Rs 1,000	Rs 2,500	Rs 5,000
Total	Rs 50	Rs 2,000	Rs 5,000	Rs 10,000

How to File GSTR 1 with Munim GST Return Filing Software

Here is the step-by-step process for GSTR1 filing with the help of Munim GST Return filing software: 

Step 1: Create your company by providing your GSTIN, Display name, GST portal user ID, and password. The GST portal username and password are not mandatory. 

Step 2: Click on the ‘Create’ button  

Step 3: Now click the ‘Return’ button adjacent to your company’s details. 

Step 4: Select the ‘GSTR-1’ from the drop-down menu. 

Step 5: Now import the invoice data from any other accounting software or from Munim Accounting & Billing software. You can also write or copy-paste, but that is not recommended. 

Step 6: Verify the uploaded invoice data and make any necessary corrections (if any). Once verified, click on the ‘Next’ button. 

Step 7: Upload the data to GSTN, either with or without OTP, and wait for the summary to be generated. 

Step 8: When the summary gets generated, verify it before proceeding. 

Step 9: Once verified, click on ‘Proceed to File’ 

Step 10: You can proceed to file GSTR-1 with DSC or EVC (coming soon) 

Step 11: Enter the GST portal username and OTP to submit the GSTR-1 return. A success message will now appear on the screen. 

Start filing your GSTR-1 effortlessly with Munim’s GSTR-1 return filing solution.

Summing Up 

This was all about filing a GSTR-1 return with Munim GST Return Filing software. If you have any questions regarding GSTR-1 or filing GSTR-1 with Munim GST Return Filing software, do contact us. We highly recommend that you sign the GSTR-1 return hassle-free with Munim GST Return filing software. 

FAQs on GSTR-1 Return 

How can GSTR 1 be amended after filing B2B invoices​? 

Here is the step-by-step process to gstr-1 amendment after filing B2B invoices. 

Step 1: Visit the GST Portal

Step 2: Login with your valid credentials 

Step 3: Go to Returns Dashboard 

Step 4: Select the ‘GSTR-1’ form 

Step 5: Select the section that you would like to amend 

Step 6: Edit the details 

Step 7: Save the amendments 

Step 8: Verify the amended details 

Step 9: Submit the amended details

What is the time limit for amendment in GSTR-1​?

The last date to amend details of invoices submitted with GSTR-1 for the previous financial year is 30 November of the following financial year. 

What is the difference between GSTR-1 and GSTR-3B​?

The main difference between GSTR-1 and GSTR-3B is that the former is used for reporting outward supplies, while the latter is used for declaring and paying tax liabilities. 

How do you convert JSON to Excel for GSTR 1?

To convert JSON to Excel for GSTR-1 return, you can use an online JSON to Excel converter.  

Is GSTR-1 for sale or purchase​?

In GSTR-1, details regarding outward supplies, i.e. sales, are submitted.   

How do you download GSTR-1 from the GST portal?

Following are the steps to downloading GSTR-1 from the GST portal: 

1. Go to the official GST portal at www.gst.gov.in.
2. Click on the login tab and enter your valid credentials in the form of your username and password.
3. Go to the Dashboard and select the tab on the services.
4. Click on the dropdown menu, select Returns, and then click on Returns Dashboard.
5. Select the appropriate financial year and the period of filing the return.
6. Click on search to see the available returns.
7. To get the file in the required format, go to GSTR-1 and tap the Download button.
8. Make sure that the file downloaded is stored safely to be used in future and to be compliant.

How to file GSTR-1 in the GST portal?

Here is the step-by-step process for filing GSTR-1 via the GST portal:

1. Login to the GST portal with your credentials.
2. Go to the tab Services and choose Returns.
3. Select GSTR-1 from the returns list.
4. Choose the financial year and the tax period.
5. Type in the necessary invoice information, such as outward supplies and amendments.
6. Verify the data entered.
7. File the return after making sure that the information is accurate.
8. Check the return using the option of preview before final submission.
9. Submit the return through the button of the same name.
10. Download the filed return and keep records.

Where to show RCM in GSTR-1?

The Reverse Charge Mechanism (RCM) in GSTR-1 should be reported under Table 4B.

How do you cancel an invoice in GSTR-1?

Following are the steps to cancelling an invoice in GSTR-1:

1. Login to the GST portal by using your credentials.
2. Go to the Services tab and click on Returns, then Returns Dashboard.
3. Select the associated financial year and the period of filing returns.
4. Click on Prepare Online under GSTR-1.
5. Find the invoice you want to cancel in the section of B2B Invoices.
6. Choose the invoice and press Edit.
7. Enter the required information to zero out the invoice
8. Save and file the amended GSTR-1 form.
9. Ensure that the records are kept so that they can be referred to in future in case of an inquiry.

Where to show high sea sales in GSTR-1?

Following are the steps to report high sea sales in GSTR-1: 

• High sea sales will have to be reported in Table 8A of GSTR-1, which falls under the exports category.
• Make sure that the transaction is categorized as the Deemed Exports 
• Choose the right type of invoice, which in most cases is a Bill of Entry, to indicate the type of transaction.
• Keep all the records required to justify the high sea sales transaction.
• Make sure that the GSTIN of the buyer is duly indicated to make it compliant.

How do you generate a GSTR-1 summary?

The GSTR-1 summary is an elaborate report that shows all outward supplies by a business in a particular tax period. It contains details of invoices, debit and credit notes and any corrections to earlier returns. In order to create the GSTR-1 summary, businesses are required to collect the data of all sales transactions, which should be correct and meet the GST requirements. Munim GST return filing software can be used to generate a GSTR-1 summary in time and accurately.

How to download GSTR-1 in Excel?

Here is the step-by-step process of downloading GSTR-1 in Excel: 

1. Login into the GST portal with your credentials.
2. Go to the Returns Dashboard.
3. Choose the corresponding financial year and the period of filing returns.
4. Select the GSTR-1 section and click on prepare online.
5. Select the option of downloading the data.
6. Choose the option of downloading in Excel.
7. Make sure that the file is stored safely to be referred to later.
8. Check whether the downloaded data is accurate.

How do you download the GSTR-1 offline tool?

Here is the step-by-step procedure to download the GSTR-1 offline tool: 

1. Go to the official GST portal and log in using your credentials.
2. Click on the Downloads section.
3. Choose the Offline Tools option in the dropdown list.
4. To download, click on the GSTR-1 Offline Tool.
5. Save the file on your local disk
6. Unzip the downloaded file to get the tool.
7. Install and configure the tool following the instructions provided.
8. Make sure your system has adequate software requirements in order to perform optimally.

Source:

Format of GSTR-1 Form   https://gst.kar.nic.in/Documents/Forms/Form_GSTR-1.pdf