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 GSTR-1 Return 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 GSTR-1 
• 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	Due date
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 GSTR-1 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. 

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. 

Frequently Asked Questions on GSTR-1 Return 

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

Here is the step-by-step process to amend the GSTR-1 return 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.   

Source:

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