Quarterly GSTR 1

quarterly gstr 1
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Quarterly GSTR 1

Overview of GSTR 1

Form GSTR-1 is a monthly/quarterly return to be furnished by the taxpayer registered as a regular taxpayer. Taxpayers are required to furnish a detailed summary of the outward supplies of goods or services or both in Form GSTR 1. It is mandatory to furnish Form GSTR 1 irrespective of the fact whether there was any business or not.

Note: There is no provision to revise Form GSTR 1. If any amendments are required then that is to be done in the next period’s return.

Note: Taxpayers can also avail of the facility of furnishing Nil Form GSTR 1 via SMS.

Taxpayers are bifurcated into monthly and quarterly filers w.e.f. 1st January 2021

Regular taxpayer Frequency of GSTR 1
If AATO> Rs. 5 Crores in preceding FY Monthly Return only
If AATO< Rs. 5 Crores in preceding FY Quarterly Return if you opt for QRMP Scheme
Monthly Return if you opt-ou of the QRMP Scheme

Due dates of Quarterly GSTR 1 for the financial year 2020-21

For the quarter of January 2021 to March 2021

Due Date notified was 13th April 2021 – CGST notification no. 83 dated 10th November 2020

Note: The decision to change the due date for Quarterly GSTR 1 was taken in 42nd GST Council Meeting.

For the quarter of October 2020 to December 2020

Due Date notified was 13th January 2021 – CGST notification no. 74/2020 dated 15th October 2020 

Note: The decision to change the due date for Quarterly GSTR 1 was taken in 42nd GST Council Meeting.

For the quarter of July 2020 to September 2020

Due Date notified was 31st October 2020 – CGST notification no. 27/2020 dated 23rd March 2020

For the quarter of April 2020 to June 2020 

Due Date notified was 31st July 2020 – CGST notification no. 27/2020 dated 23rd March 2020

Late fees was waived if the quarterly return was filed by 3rd August 2020. – CGST notification no. 53/2020 dated 24th June 2020

Note: Due date is not extended it is the waiver of late fees if filed up to a prescribed date.

 

When Form GSTR 1 will be blocked if Form GSTR 3B is not furnished?

Due dates of Quarterly GSTR 1 for the financial year 2021-22

For the quarter of January 2022 to March 2022

Due Date would be 13th April 2022

For the quarter of October 2021 to December 2021

Due Date would be 13th January 2022

For the quarter of July 2021 to September 2021

Due Date would be 13th October 2021

For the quarter of April 2021 to June 2021

Due Date would be 13th July 2021


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About CA Ankita Khetan 165 Articles
Ankita is a Chartered Accountant in practice and holds a Diploma in IFRS (from ACCA, UK). She is also a Commerce PG and Certified Independent Director (from IICA). She holds a certification in Forex and Treasury Management. Her area of expertise is GST and Income tax. She is passionate about reading, writing, and sharing knowledge on areas related to finance and taxation.

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