MONTHLY / QUARTERLY SALES RETURN - GSTR-1
File GSTR -1 Monthly @ Rs. 499/- each Return
Rs.499/-
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Frequently Asked Quotations ?
What is a Gstr 1?
Form GSTR-1 is a monthly/quarterly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.
Is Gstr 1 filed monthly?
The GSTR 1 form is a return form for the regular taxpayers who have to file details of outward supplies on every 11th of next month for those who cross the turnover more than 1.5 crores annually. The taxpayers who are under the threshold limit to 1.5 crores will have to file quarterly return
Is Gstr 1 filed quarterly?
The taxpayers who are under the threshold limit to 1.5 crores will have to file quarterly return
Who can file Gstr 1 monthly?
Businesses with an annual turnover of 1.5 crores or above are required to file their form GSTR-1 on a monthly basis, on or before the 11th day of the succeeding month.19-Sept-2022.
Is Gstr 1 sales or purchase?
GSTR-1 is a sales return that is required to be filed by every GST registered person. Tax payers are to enter details relevant to their sales & outward supplies in the GSTR 1 sales return.
How to revise GSTR-1?
A return once filed cannot be revised under GST. Any mistake made in the return can be rectified in the GSTR-1 filed for the next period (month/quarter).
Late Fees and Penalty for GSTR-1?
| Name of the Act | Late fees for every day of delay | Maximum late fee (if the annual turnover in the previous financial year is up to Rs.1.5 crore) | Maximum late fee (If the annual turnover ranges between Rs.1.5 crore and Rs.5 crore) | Maximum late fee (If the turnover is more than Rs.5 crore) |
| CGST Act, 2017 | Rs 25 | Rs 1,000 | Rs 2,500 | Rs 5,000 |
| Respective SCGT Act, 2017 / UTGST Act, 2017 | Rs 25 | Rs 1,000 | Rs 2,500 | Rs 5,000 |
| Total late fees to be paid | Rs 50 | Rs 2,000 | Rs 5,000 | Rs 10,000 |
Late Fees and Penalty in case of Nil Return for GSTR-1?
| Name of the Act | Late fees for every day of delay | Maximum late fee |
| CGST Act, 2017 | Rs 10 | Rs 250 |
| Respective SCGT Act, 2017 / UTGST Act, 2017 | Rs 10 | Rs 250 |
| Total late fees to be paid | Rs 20 | Rs 500 |
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