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Jun 26, 2024 · Learn about GSTR-1 Filing: due dates, format, late fees, eligibility, rules, and quarterly return details for GST compliance. Every GST registered business shall submit sales details GSTR-1. Monthly GSTR-1 is to be filed by the 11th of the subsequent month.
Nov 10, 2020 · Registered persons having aggregate turnover of up to 1.5 crore rupees, who have furnished FORM GSTR-1 on monthly basis in the current financial year Monthly return 3.
Jun 7, 2024 · 9 min read. Every registered dealer is required to file the GSTR-1 return for each month/quarter as applicable. The return contains details of all outward supplies made during that particular tax period. The due date for GSTR-1 is usually 11th of the succeeding month.
The due date to file Form GSTR-1 for a given tax period is 11th day of the succeeding month in case of taxpayers filing it monthly and 13th day of month succeeding the end of every quarter in case of taxpayers filing quarterly or such other dates as may be extended by Government through notification.
Mar 11, 2024 · The Central Board of Indirect Taxes & Customs ( CBIC) introduced Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax ( GST) to help small taxpayers whose turnover is less than Rs.5 crores. The QRMP scheme allows the taxpayers to file GSTR-3B on a quarterly basis and pay tax every month.
Feb 19, 2024 · All Businesses, except Taxpayers under Composition Scheme & Input Service Distributors, must file their GSTR-1 without fail on a monthly and quarterly basis depending on preference selected. Following categories of taxpayers are exempted from filing the GSTR-1 return: Taxpayers opting for Composition Scheme under GST.
Jul 1, 2024 · Total GST amount collected. Monthly GSTR-1 Filing. Generally, businesses with an annual turnover exceeding Rs. 5 crores are mandated to file GSTR-1 returns on a monthly basis. This ensures timely tax collection by the government and helps track larger businesses more closely.
