{"id":16562,"date":"2020-11-24T11:09:35","date_gmt":"2020-11-24T05:39:35","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=16562"},"modified":"2023-03-17T18:34:50","modified_gmt":"2023-03-17T13:04:50","slug":"cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/","title":{"rendered":"CBIC Notifies Rules for Monthly &#038; Quarterly Filing of Form GSTR 1"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Form GSTR 1 signifies a Monthly GST Return that is filed by a \u201cRegular Dealer\u201d regarding all the \u201cOutward Supplies\u201d made by him or her in a specific month or quarter.&nbsp;<\/p>\n\n\n\n<p>Recently, CBIC or\nCentral Board of Indirect Taxes and Customs, by way of a Notification No 84\/ 2020,\ndated 10.11.2020 had notified that the registered taxpayers who are having an\naggregate annual business turnover of up to Rs 5 crores in the previous financial\nyear and who have chosen to furnish GST return for every quarter, under sub\nrule (1) of rule 61 A of the CGST Rules 2017 as the class of persons, are\nsubject to several restrictions and conditions.<\/p>\n\n\n\n<p>In this blog, we will\ndiscuss the notification issued by CBIC regarding the Monthly and Quarterly\nFiling of Form GSTR 1.<\/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-6a5500b1bc6fa\" 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-6a5500b1bc6fa\"  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\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Concept_of_Filing_Form_GSTR-1\" title=\"Concept of Filing\nForm GSTR-1\">Concept of Filing\nForm 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\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Effective_Date_for_the_Notification_Issued\" title=\"Effective Date for the Notification\nIssued\">Effective Date for the Notification\nIssued<\/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\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Provision_of_Sub_Section_7_of_Section_39\" title=\"Provision of Sub Section 7 of Section 39\">Provision of Sub Section 7 of Section 39<\/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\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Who_are_all_Eligible_to_File_Form_GSTR_1_as_per_Latest_Notification\" title=\"Who are all Eligible to File Form GSTR 1 as per Latest Notification?\">Who are all Eligible to File Form GSTR 1 as per Latest Notification?<\/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\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Who_are_all_not_Eligible_to_File_Form_GSTR_1_as_per_Latest_Notification\" title=\"Who are all not Eligible to File Form GSTR 1 as per Latest Notification?\">Who are all not Eligible to File Form GSTR 1 as per Latest Notification?<\/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\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Summarised_Table_Regarding_the_Filing_of_Form_GSTR_1\" title=\"Summarised Table Regarding the Filing\nof Form GSTR 1\">Summarised Table Regarding the Filing\nof Form GSTR 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Points_to_Consider_Regarding_the_Filing_of_Form_GSTR_1\" title=\"Points to Consider Regarding the Filing of Form GSTR 1\">Points to Consider Regarding the Filing of Form GSTR 1<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Deemed_to_Choose_Option_Given_under_Sub-rule_1_of_Rule_61A\" title=\"Deemed to Choose Option Given under\nSub-rule 1 of Rule 61A\">Deemed to Choose Option Given under\nSub-rule 1 of Rule 61A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Change_the_Default_Option_Electronically\" title=\"Change the Default Option\nElectronically\">Change the Default Option\nElectronically<\/a><\/li><\/ul><\/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\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#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-11\" href=\"https:\/\/swaritadvisors.com\/learning\/cbic-notifies-rules-for-monthly-quarterly-filing-of-form-gstr-1\/#Official_Notification\" title=\"Official\nNotification \">Official\nNotification <\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Filing_Form_GSTR-1\"><\/span>Concept of Filing\nForm GSTR-1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Form GSTR 1 is a monthly GST return filed regarding all the outward supplies made in a particular month or quarter. Principally, it is a return that showcases all the dealings and transaction regarding sales made ina business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Effective_Date_for_the_Notification_Issued\"><\/span>Effective Date for the Notification\nIssued<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The effective date for <a href=\"https:\/\/swaritadvisors.com\/gst-return-filing\" class=\"text-primary\"><strong>filing GST returns<\/strong><\/a> in GSTR 1 after the issuance of <strong>notification no 84\/2020<\/strong><sup><a class=\"text-primary\" href=\"https:\/\/incometaxindia.gov.in\/communications\/notification\/notification_84_2020.pdf\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> is January 2021. Further, the taxpayer needs to pay the tax due for every month based on the proviso of subsection (7) of section 39 of the CGST Act.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Provision_of_Sub_Section_7_of_Section_39\"><\/span>Provision of Sub Section 7 of Section 39<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The provisions covered under the proviso of subsection 7 of section 39 are as follows:<\/p>\n\n\n\n<ol><li>The\nreturn for the previous month, as due on the date of exercising such an option,\nhas been duly furnished;<\/li><li>Further,\nwhere such an option has been exercised once, then they shall continue to\nsubmit the return as per the chosen option for future tax periods as well\nunless they revise the same;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_all_Eligible_to_File_Form_GSTR_1_as_per_Latest_Notification\"><\/span>Who are all Eligible to File Form GSTR 1 as per Latest Notification?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>All the registered taxpayers who are having an aggregate annual business turnover of Rs 5 crores or more in the previous financial year and who have chosen to furnish GST return for every quarter, under sub-rule (1) of rule 61 A of the CGST Rules 2017 as the class of persons, are eligible to furnish Form GSTR 1 as per the latest notification issued by CBIC on 10.11.2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_all_not_Eligible_to_File_Form_GSTR_1_as_per_Latest_Notification\"><\/span>Who are all not Eligible to File Form GSTR 1 as per Latest Notification?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Any person who is specified\nunder section 14 of the Integrated Goods and Services Tax Act 2017 is not\neligible to furnish Form GSTR 1 as per the latest notification issued by CBIC.<\/p>\n\n\n\n<p>Also, it shall be\nrelevant to mention that if in case the annual business turnover of the registered\nperson exceeds the threshold of Rs 5 crores rupees in any quarter in a\nfinancial year, then he\/ she shall not remain eligible for furnishing return\nGSTR 1 on a quarterly basis, starting from the first month of the coming\nquarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Summarised_Table_Regarding_the_Filing_of_Form_GSTR_1\"><\/span>Summarised Table Regarding the Filing\nof Form GSTR 1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The provisions concerning the Monthly\nand Quarterly Filing of Form GSTR 1 can be summarised as:<\/p>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  S No.\n  <\/td><td>Classes of the Registered Person   <\/td><td>\n  Deemed Option\n  <\/td><\/tr><tr><td>\n  1.\n  <\/td><td>Registered persons who are having an aggregate annual   business turnover of up to Rs 1.5 crore, and who have furnished&nbsp;Form GSTR 1&nbsp;on a quarterly   basis in the present financial year   <\/td><td>\n  Quarterly Return\n  <\/td><\/tr><tr><td>\n  2.\n  <\/td><td>Registered persons who are having an aggregate annual   business turnover of up to Rs 1.5 crore, and who have furnished&nbsp;Form GSTR 1&nbsp;on a monthly basis   in the present financial year   <\/td><td>\n  Monthly Return\n  <\/td><\/tr><tr><td>\n  3.\n  <\/td><td>Registered persons who are having an aggregate annual business turnover of more than Rs 1.5 crore and up to Rs 5 crore in the previous financial year.   <\/td><td>\n  Quarterly Return\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Points_to_Consider_Regarding_the_Filing_of_Form_GSTR_1\"><\/span>Points to Consider Regarding the Filing of Form GSTR 1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The points to consider regarding the\nFiling of Form GSTR 1 are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Deemed_to_Choose_Option_Given_under_Sub-rule_1_of_Rule_61A\"><\/span>Deemed to Choose Option Given under\nSub-rule 1 of Rule 61A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All the registered persons who are falling in either of the class mentioned in column (2) of the Table stated above and who have submitted the return for the tax period Oct 2020 on or before 30.11.2020, they shall be deemed that they have chosen the option under sub-rule (1) of rule 61A of the CGST Rules 2017 for the monthly or quarterly filing of return as specified under column (3) of the said Table.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Change_the_Default_Option_Electronically\"><\/span>Change the Default Option\nElectronically<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All the registered persons specified under column (2) of the\ntable mentioned above, may choose to electronically change the default option\navailable on the common GST portal, during the period starting from the 05.12.2020\nto the 31.01.2021.<\/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, Form GSTR 1 is a monthly\nGST return filed regarding all the outward supplies made in a particular month\nor quarter.It is a return that showcases all the dealings and transaction\nregarding sales made in a business.<\/p>\n\n\n\n<p>Further, CBIC, by way of a Notification\nNo 84\/ 2020, dated 10.11.2020 had notified a change for the registered persons who are having an aggregate annual business turnover\nof up to Rs 5 crores in the previous financial year. <\/p>\n\n\n\n<p>However, it shall be\nrelevant to state that a person who is specified under section 14 of the IGST\nAct 2017 is not eligible to furnish Form GSTR 1. Moreover, the said\nnotification will come into effect from January 2021.<\/p>\n\n\n\n<p>In case of any other doubt and dilemma, reach out to Swarit Advisors, we have a team of experts who will not only provide you guidance but will assist you in the process of <strong><a class=\"text-primary\" href=\"https:\/\/swaritadvisors.com\/gst-registration\">GST Registration<\/a><\/strong> and GST Return Filing as well.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/extension-of-due-dates-for-filing-gst-annual-return-by-cbic\/\">Extension of Due Dates for Filing GST Annual Return by CBIC<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Official_Notification\"><\/span>Official\nNotification <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/notfctn-84-central-tax-english-2020.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">notfctn-84-central-tax-english-2020<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Form GSTR 1 signifies a Monthly GST Return that is filed by a \u201cRegular Dealer\u201d regarding all the \u201cOutward Supplies\u201d made by him or her in a specific month or quarter.&nbsp; Recently, CBIC or Central Board of Indirect Taxes and Customs, by way of a Notification No 84\/ 2020, dated 10.11.2020 had notified that the [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":16564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,1],"tags":[927,926],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/16562"}],"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=16562"}],"version-history":[{"count":9,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/16562\/revisions"}],"predecessor-version":[{"id":19073,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/16562\/revisions\/19073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/16564"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=16562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=16562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=16562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}