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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.
Jun 7, 2024 · GSTR 1 is a monthly GST return that contains details of all outward supplies. This is a step-by-step guide on how to file GSTR 1 on the GST Portal.
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.
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.
Jan 3, 2020 · Details cannot be furnished from 11th to 15th of succeeding month : The registered person shall not be allowed to furnish the details of outward supplies i.e. GSTR-1 during the period from 11th day to 15th day of month succeeding the tax period.
Jul 8, 2021 · Form GSTR-1 is a monthly 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. Every registered taxable person, other than an input service distributor/ composition taxpayer/ persons liable ...
Any GST registered taxpayer having no outward supplies for a month needs to file NIL GSTR-1 return. If a taxpayer has opted for the composition scheme then they should not file this return and instead, make payment via GST form CMP-08. Who is NOT required to file form GSTR 1?
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.
GSTR 1 is a monthly, or quarterly GST returns filing form that all taxpayers have to file for declaring their outward supplies or sales. Who Should File GSTR 1? GSTR 1 must be filed by every registered taxpayer.
