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 the facility of furnishing Nil Form GSTR 1 via SMS.

Taxpayers are bifurcated into monthly/quarterly filers based on the annual aggregate turnover of the preceding financial year.

Taxpayers whose aggregate turnover is up to Rs. 1.5 Crores in the preceding financial year or the current financial year have the option to opt for the monthly return or quarterly return in Form GSTR 1 at the begging of the financial year.

Note: Taxpayers whose aggregate turnover is up to Rs. 5 Crores in the preceding financial year or the current financial year have the option to opt for the monthly return or quarterly return in Form GSTR 1 at the begging of the financial year. (w.e.f 1st January 2021)

Taxpayers whose aggregate turnover is more than Rs. 1.5 crores in the preceding financial year or the current financial year have to mandatorily furnish the monthly return in Form GSTR 1.

Note: Taxpayers whose aggregate turnover is more than Rs. 5 crores in the preceding financial year or the current financial year have to mandatorily furnish the monthly return in Form GSTR 1. (w.e.f 1st January 2021)

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 upto a prescribed date.

Decisions taken in 42nd GST Council meeting 

A CGST Notification no. 83 dated 10th November 2020 was issued to reduce the compliance burden for taxpayers having aggregate turnover up to Rs. 5 Crores. The above-mentioned notification has been issued to notify the due dates of GSTR 1 in supersession of the CGST Notification no. 75 dated 15th October 2020. 

Now the taxpayers having aggregate turnover up to Rs. 5 Crores were to be considered as small taxpayers and would be given an option to go for monthly or quarterly returns in Form GSTR 1 and Form GSTR 3B. (w.e.f 1st January 2021).

Rule 59(4) of CGST Rules, 2017 – Form GSTR 1 will be blocked if Form GSTR 3B is not furnished



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CA Ankita Khetan