{"id":14115,"date":"2020-10-13T18:33:59","date_gmt":"2020-10-13T13:03:59","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=14115"},"modified":"2021-03-23T15:12:21","modified_gmt":"2021-03-23T09:42:21","slug":"guide-on-form-gstr-1-filing","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/","title":{"rendered":"Form GSTR 1: A Guide on This Goods and Service Tax Return"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The term \u201cForm GSTR 1\u201d denotes a Monthly GST Return in which a \u201cRegular Dealer\u201d requires to gather all the \u201cOutward Supplies\u201d made by him\/ her in a month or quarter. In other words, Form GSTR 1 is a statement in which all the details of sales and outward supplies are captured. In this blog, we will  <\/p>\n\n\n\n<p>The\nterm \u201c<strong><em>Form GSTR 1<\/em><\/strong>\u201d denotes a <strong><em>Monthly GST Return<\/em><\/strong>in which a \u201c<strong><em>Regular Dealer<\/em><\/strong>\u201d requires to gather\nall the \u201c<strong><em>Outward Supplies<\/em><\/strong>\u201d made by him\/ her in a <strong><em>month or quarter<\/em><\/strong>. In\nother words, <strong><em>Form GSTR 1<\/em><\/strong> is a statement in which all the <strong><em>details\nof sales<\/em><\/strong> and <strong><em>outward supplies<\/em><\/strong> are captured.\n\nIn this blog, we will \n\n\n\n<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3373fd56cd5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3373fd56cd5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Concept_of_Form_GSTR-1\" title=\"Concept of Form GSTR-1\">Concept of Form GSTR-1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Who_can_File_GSTR_Form_1\" title=\"Who can File GSTR Form 1?\">Who can File GSTR Form 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Who_are_all_Exempt_from_Filing_GSTR_1\" title=\"Who are all Exempt from Filing GSTR 1?\">Who are all Exempt from Filing GSTR 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Latest_Updates_for_Form_GSTR_1\" title=\"Latest Updates for Form GSTR 1\">Latest Updates for Form GSTR 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Features_of_GSTR_Form_1\" title=\"Features of GSTR Form 1\">Features of GSTR Form 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Due_Dates_for_Filing_Form_GSTR_1_for_the_FY_2019-2020\" title=\"Due Dates for Filing Form GSTR 1 for the F.Y. 2019-2020\">Due Dates for Filing Form GSTR 1 for the F.Y. 2019-2020<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Turnover_up_to_Rs_15_crore\" title=\"Turnover up to Rs 1.5 crore\">Turnover up to Rs 1.5 crore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Turnover_more_than_Rs_15_crore\" title=\"Turnover more than Rs 1.5 crore\">Turnover more than Rs 1.5 crore<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Process_to_File_Form_GSTR_1\" title=\"Process to File Form GSTR 1\">Process to File Form GSTR 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Process_to_Check_the_Status_of_Form_GSTR-1\" title=\"Process to Check the Status of Form GSTR-1\">Process to Check the Status of Form GSTR-1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Important_Terms_in_GSTR-1\" title=\"Important Terms in GSTR-1\">Important Terms in GSTR-1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Process_to_Revise_GSTR-1\" title=\"Process to Revise GSTR-1\">Process to Revise GSTR-1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Interest_on_the_Late_Payment_of_GST\" title=\"Interest on the Late Payment of GST\">Interest on the Late Payment of GST<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Late_Fees_for_Not_Filing_GSTR-1\" title=\"Late Fees for Not Filing GSTR-1\">Late Fees for Not Filing GSTR-1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/learning\/guide-on-form-gstr-1-filing\/#Performa_of_Form_GSTR_1\" title=\"Performa of Form GSTR 1\">Performa of Form GSTR 1<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Form_GSTR-1\"><\/span>Concept of Form GSTR-1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Form GSTR-1 is an online GST Return filed by the Regular Taxpayers who have made Outward Supplies in a month or quarter. Further, this return is applicable to those who have crossed more than Rs 1.5 crores annually. <\/p>\n\n\n\n<p>Also, it shall be relevant to state that the taxpayer needs to file this return on <strong>11<\/strong><sup><strong>th<\/strong><\/sup><strong> of every next<\/strong> or succeeding month.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_File_GSTR_Form_1\"><\/span>Who can File GSTR Form 1?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Every registered person needs to file Form GSTR 1 regardless of whether there are any transactions made during the month or not.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_all_Exempt_from_Filing_GSTR_1\"><\/span>Who are all Exempt from Filing GSTR 1?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Exempt-from-Filing-GSTR-1-heading.png\" alt=\"\" class=\"wp-image-14117\" width=\"576\" height=\"210\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Exempt-from-Filing-GSTR-1-heading.png 1017w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Exempt-from-Filing-GSTR-1-heading-300x109.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Exempt-from-Filing-GSTR-1-heading-768x280.png 768w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/figure><\/div>\n\n\n\n<p>The ones who are exempt from filing GSTR 1 are as follows:<\/p>\n\n\n\n<ol><li>Input\nService Distributors (ISD);<\/li><li>Composition\nDealers;<\/li><li>Suppliers\nof the Database Access, Online Information, or&nbsp;\nRetrieval Service, who needs to pay tax themselves as per Section 14 of\nthe Integrated Goods and Service Tax Act;<\/li><li>Non-Resident\nTaxable Person;<\/li><li>Taxpayer\nliable to collect Tax Collected at Source;<\/li><li>Taxpayer\nliable to deduct Tax Deducted at Source;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Updates_for_Form_GSTR_1\"><\/span>Latest Updates for Form GSTR 1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The latest updates are as follows:<\/p>\n\n\n\n<ol><li>With effect from 01.01.2021, the\nquarterly filing of GSTR Form 1 and GSTR Form 3B for the taxpayers with an\naggregate turnover up to Rs. 5 Crores will be allowed. However, it shall be\nrelevant to note that such payment of tax will be made on a monthly basis by\nway of Challan;<\/li><li>The Delinking of Credit Note or\nDebit Note from the Tax Invoice, while reporting them in Form GSTR 1 and GSTR 6\nor filing Refund;<\/li><li>On the foundation of Form GSTR-1\nfiled by the taxpayers, the administration declared thatForm GSTR 3B is now\nready on the official GST portal for monthly Form GSTR 1 filers;<\/li><li>As per the Notification No 83\/ 2020, issued\nby CBIC, dated 10.11.2020, the due date for filing the\ndetails of outward supplies in Form GSTR 1, for each tax period has been\nextended further to 11<sup>th<\/sup> of the coming month;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Features_of_GSTR_Form_1\"><\/span>Features of GSTR Form 1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The salient features are as follows:<\/p>\n\n\n\n<ol><li>All the Registered Taxpayers who are\neligible to fill outward supply details of the business regardless of whether\nthere was any transaction or not, needs to file Form GSTR-1.<\/li><li>It needs to be filled by the 11th of\nthe succeeding month of which the GST Return has to be filed;<\/li><li>All the details concerning invoices\nneed to be filled in the specified fields;<\/li><li>The term \u201cOutward Supplies\u201d include the\nsupplies made to a registered person, unregistered person, exempted person.\nFurther, it applies to exports, received advances, and non-GST supplies as\nwell.<\/li><\/ol>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/know-about-gst-registration-process-step-by-step\/\">Know About GST Registration process step by step\n<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Due_Dates_for_Filing_Form_GSTR_1_for_the_FY_2019-2020\"><\/span>Due Dates for Filing Form GSTR 1 for the F.Y. 2019-2020<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The due dates for filing GSTR will be applicable to the traders falling under the categories as follows:<\/p>\n\n\n\n<ol><li>Turnover up to Rs\n1.5 crore needs to file GSTR 1 on Quarterly basis;<\/li><li>Turnover more\nthan Rs 1.5 crore needs to file GSTR 1 on Monthly basis; <\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Turnover_up_to_Rs_15_crore\"><\/span>Turnover up to Rs 1.5 crore<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>Period<\/strong>\n  <\/td><td>\n  <strong>Last Date of Filing Form GSTR-1<\/strong>\n  <\/td><\/tr><tr><td>\n  July\n  2020 to September 2020\n  <\/td><td>\n  31.10.2020\n  <\/td><\/tr><tr><td>\n  April\n  2020 to June 2020\n  <\/td><td>\n  03.08.2020\n  <\/td><\/tr><tr><td>\n  January\n  2020 to March 2020\n  <\/td><td>\n  17.07.2020\n  <\/td><\/tr><tr><td>\n  October\n  2019 to December 2019\n  <\/td><td>\n  31.01.2020\n  <\/td><\/tr><tr><td>\n  July\n  2019 to September 2019\n  <\/td><td>\n  31.10.2019\n  <\/td><\/tr><tr><td>\n  April\n  2019 to June 2019\n  <\/td><td>\n  31.07.2019\n  \n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Turnover_more_than_Rs_15_crore\"><\/span>Turnover more than Rs 1.5 crore<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>Period<\/strong>\n  <\/td><td>\n  <strong>Last Date of Filing Form GSTR-1<\/strong>\n  <\/td><\/tr><tr><td>\n  September\n  2020\n  <\/td><td>\n  11.10.2020\n  \n  <\/td><\/tr><tr><td>\n  August\n  2020\n  <\/td><td>\n  11.09.2020\n  <\/td><\/tr><tr><td>\n  July\n  2020\n  <\/td><td>\n  11.08.2020\n  <\/td><\/tr><tr><td>\n  June\n  2020\n  <\/td><td>\n  05.08.2020\n  <\/td><\/tr><tr><td>\n  May\n  2020\n  <\/td><td>\n  28.07.2020\n  <\/td><\/tr><tr><td>\n  April\n  2020\n  <\/td><td>\n  24.07.2020\n  <\/td><\/tr><tr><td>\n  March\n  2020\n  <\/td><td>\n  10.07.2020\n  <\/td><\/tr><tr><td>\n  February\n  2020\n  <\/td><td>\n  11.03.2020\n  <\/td><\/tr><tr><td>\n  January\n  2020\n  <\/td><td>\n  11.02.2020\n  <\/td><\/tr><tr><td>\n  December\n  2019\n  <\/td><td>\n  11.01.2020\n  <\/td><\/tr><tr><td>\n  November\n  2019\n  <\/td><td>\n  11.12.2019\n  <\/td><\/tr><tr><td>\n  October\n  2019\n  <\/td><td>\n  11.11.2019\n  <\/td><\/tr><tr><td>\n  September\n  2019\n  <\/td><td>\n  11.10.2019\n  <\/td><\/tr><tr><td>\n  August\n  2019\n  <\/td><td>\n  11.09.2019\n  <\/td><\/tr><tr><td>\n  July\n  2019\n  <\/td><td>   11.08.2019      <strong>Note:<\/strong>&nbsp;It shall be relevant to note that the due dates for the notified districts of the states as follow was extended till 20.09.2019:    Bihar; Gujarat; Karnataka; Kerala; Maharashtra; Odisha; Uttarakhand;   and For registered persons whose principal place of business is in Jammu and Kashmir.                        <\/td><\/tr><tr><td>\n  June\n  2019\n  <\/td><td>\n  11.07.2019\n  <\/td><\/tr><tr><td>\n  May\n  2019\n  <\/td><td>\n  11.06.2019\n  <\/td><\/tr><tr><td>\n  April\n  2019\n  <\/td><td>\n  10.06.2019\n  for Odisha\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_to_File_Form_GSTR_1\"><\/span>Process to File Form GSTR 1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Process-to-File-Form-GSTR-1.png\" alt=\"GSTR1 file process\" class=\"wp-image-14118\" width=\"576\" height=\"210\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Process-to-File-Form-GSTR-1.png 1000w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Process-to-File-Form-GSTR-1-300x110.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Process-to-File-Form-GSTR-1-768x280.png 768w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/figure><\/div>\n\n\n\n<p>The\nsteps included in the process to File Form GSTR 1 are as follows:<\/p>\n\n\n\n<ol><li>In the first step, visit the official GST Portal<sup><strong><em><a class=\"text-primary\" href=\"https:\/\/services.gst.gov.in\/services\/login\">[1]<\/a><\/em><\/strong><\/sup>.<\/li><li>Now, login and Navigate to Form GSTR-1 Page.<\/li><li>Choose from either Monthly or Quarterly Returns.<\/li><li>Generate GSTR-1.<\/li><li>Enter all the details asked regarding the current tax period including amendments.<\/li><li>Preview GSTR-1.<\/li><li>Now, acknowledge and save the details by clicking on the option submit.<\/li><li>Lastly, file GSTR-1 with DSC or EVC.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_to_Check_the_Status_of_Form_GSTR-1\"><\/span>Process to Check the Status of Form GSTR-1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The steps involved in the process to check the status of GSTR-1 are as follows:<\/p>\n\n\n\n<ol><li>Visit the Official GST Portal.<\/li><li>Now, login with your Credentials;<\/li><li>After that, click on the option \u201cServices\u201d;<\/li><li>Choose \u201cReturns\u201d;<\/li><li>Then click on \u201cTrack Returns Status\u201d;<\/li><li>After that, the taxpayer can see the status of the previously filed returns by providing Acknowledgement Reference Number (ARN), or the period of <strong><span style=\"text-decoration: underline;\"><a class=\"text-primary\" href=\"https:\/\/swaritadvisors.com\/gst-return-filing\">GST Return filing<\/a><\/span><\/strong>;<\/li><li>On the other hand, one can track the status of GSTR by choosing the type of status from the drop-down menu. Further, there are 4 different types of GST Return status that one might see:<\/li><\/ol>\n\n\n\n<ul><li>To be Filed<\/li><li>Submitted but Not Filed<\/li><li>Filed Valid<\/li><li>Filed Invalid<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_Terms_in_GSTR-1\"><\/span>Important Terms in GSTR-1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Important-Terms-in-Form-GSTR-1-heading.png\" alt=\"GSTR1 Imp terms\" class=\"wp-image-14119\" width=\"505\" height=\"335\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Important-Terms-in-Form-GSTR-1-heading.png 1000w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Important-Terms-in-Form-GSTR-1-heading-300x200.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Important-Terms-in-Form-GSTR-1-heading-768x511.png 768w\" sizes=\"(max-width: 505px) 100vw, 505px\" \/><\/figure><\/div>\n\n\n\n<p>The important terms of are as follows:<\/p>\n\n\n\n<ol><li>GSTIN: Goods and\nService Tax Identification Number;<\/li><li>UIN:&nbsp; Unique Identification Number;<\/li><li>UQC: Unit\nQuantity Code;<\/li><li>B2C: One\nRegistered Taxpayer to other Unregistered Person;<\/li><li>B2B: One Registered\nTaxpayer to other Registered Taxpayer;<\/li><li>POS: Place of\nSupply of Goods and Services;<\/li><li>SAC: Service\nAccounting Code;<\/li><li>HSN: Harmonized\nSystem of Nomenclature;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_to_Revise_GSTR-1\"><\/span>Process to Revise GSTR-1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It shall be relevant to state that a GST Return once\nduly filed is not eligible to be revised. That means in case of any error or\nomission, the taxpayer can rectify the same in the return of next quarter only.\n<\/p>\n\n\n\n<p>For example, an error or omission made in the GSTR 1\nof September can only be rectified in the GSTR 1 of October. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Interest_on_the_Late_Payment_of_GST\"><\/span>Interest on the Late Payment of GST<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According\nto the Rules and Regulation passed by the GST Council, a taxpayer on every\ncontinuous late payment of taxes will be liable to pay 18% per annum interest\non the GST applicable after the commencement of the due date till the time taxes\nare to be payable to the government.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Late_Fees_for_Not_Filing_GSTR-1\"><\/span>Late Fees for Not Filing GSTR-1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The late fee for not filing GSTR 1 is Rs 200 per day of the delay caused. Further, the bifurcation of Rs 200 is Rs 100 as per the <strong>CGST Act, 2017<\/strong><sup><a href=\"https:\/\/www.indiacode.nic.in\/handle\/123456789\/2250\"><strong>[2]<\/strong><\/a><\/sup> and Rs 100 as per the SGST Act.<\/p>\n\n\n\n<p>Also, it shall be relevant to note that the late\nfees will be charged after the due date of filing.<\/p>\n\n\n\n<p>Further, according to a Latest Update, the late fees for filing GSTR 1 have been reduced to Rs 50 per day and Rs 20 per day for nil return.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a nutshell, the details needed\nto be gathered in the&nbsp;GSTR 1 format&nbsp;are either rate-wise,\ninvoice-wise, or state-wise details of the outward supplies made during a\nmonth. <\/p>\n\n\n\n<p>Further, if in case the GSTR 1\nreturn is not filed in time, then it will have an effect on the business\ncreditability of a taxpayer. <\/p>\n\n\n\n<p>Subsequently, it will impact the\ncustomer base of the taxpayer as well, since ITC (Income Tax Credit) depends on\nsupplier compliance.<\/p>\n\n\n\n<p>For any other doubt and query, reach out to Swarit Advisors, our experts will assist you with the process of <strong><a class=\"text-primary\" href=\"https:\/\/swaritadvisors.com\/gst-registration\">GST Registration<\/a> <\/strong>and GST Return Filing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Performa_of_Form_GSTR_1\"><\/span>Performa of Form GSTR 1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Form-GSTR-1.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">Form-GSTR-1<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/notfctn-83-central-tax-english-2020.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">notfctn-83-central-tax-english-2020<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/types-of-gst-returns-in-india\/\">Types of GST Return in India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term \u201cForm GSTR 1\u201d denotes a Monthly GST Return in which a \u201cRegular Dealer\u201d requires to gather all the \u201cOutward Supplies\u201d made by him\/ her in a month or quarter. In other words, Form GSTR 1 is a statement in which all the details of sales and outward supplies are captured. In this blog, [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":14116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/14115"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=14115"}],"version-history":[{"count":48,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/14115\/revisions"}],"predecessor-version":[{"id":18336,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/14115\/revisions\/18336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/14116"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=14115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=14115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=14115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}