GSTR 1

1. Basics of GSTR-1

A. What is GSTR-1?

GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales.

The return has a total of 13 sections.

B. When is GSTR-1 due?

The due dates for GSTR-1 are based on your turnover. Until March 2018 the due dates for the return has been notified.

Businesses with sales of up to Rs. 1.5 crore will file quarterly returns.

Other taxpayers with sales above Rs. 1.5 crore have to file monthly return.

Here are the due dates for the return until March  2018.

If your turnover is greater than Rs. 1.5 crore a return should be filed for every month. This means that 4 returns have to be filed for each month July, August, September, and October.