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Jun 7, 2021 · Small taxpayers can choose between quarterly or monthly filing, while large taxpayers must file monthly. The system includes Sahaj, Sugam, and Normal types of returns. The choice between quarterly and monthly filing depends on a business's complexity and compliance procedures.
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 · 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. For quarterly filers, the due date is the 13th of the month following the quarter. The GSTR-1 return can be filed on the GST Portal/GSTN.
Jul 16, 2024 · The choice between quarterly and monthly GSTR-1 filing ultimately depends on your business's unique requirements and operational preferences. Thoroughly analyze the pros and cons of each, keeping in mind your turnover, business nature, and resource capabilities to make an optimal decision.
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.
Feb 19, 2024 · GSTR 1 Return Filing: Due Date (Monthly & Quarterly), Format & Eligibility. GSTR 1 Return Filing requires the taxpayer to furnish all the outward supplies (sales) data to the GST portal. Amongst all the types of GST return, GSTR 1 return filing is the most primary and essential return for all eligible businesses.
Jan 10, 2022 · Form GSTR-1 is a return statement in which a regular dealer needs to capture all the outward supplies made during the month or a quarter. In simple words, GSTR-1 is a return in which details of sales and other outward supplies needs to be captured.
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.
Feb 3, 2023 · Form GSTR 1 is the monthly/quarterly statement of outward supplies of goods or/and services supplied by a registered taxpayer. The taxpayer have to file the Form on a monthly or quarterly basis depending upon the turnover of his business on GST Portal. GSTR 1 : Contents. The GST Return comprises of the following information and details:
