1. Blog
  2. >
  3. Finance
  4. >
  5. Accounts
  6. >
  7. How To File GSTR...

How To File GSTR 1? What Is GSTRS 1 Late Fee, GSTR 1 Format?

how to file gstr-1?

GST or Goods and Services Tax is governed by two acts passed by the Parliament: IGST (Integrated Goods and Services Tax) Act and the CGST (Central Goods and Services Tax) Act.

These acts mention GST returns, which are compulsory for all registered taxpayers under the GST regime.

GST returns means reporting the tax collected by the businesses and sharing the information along with the tax collected with the Govt. GST returns should include all sales and purchases made for a specific period.

GSTR 1 is one of the most essential GST returns to be filed by registered taxpayers within GST Returns.

In this article, we will share everything you wish to know about GSTR 1 filing: how to file GSTR 1, and what is GSTR 1 late fee? Along with that, we will share the GSTR 1 format, and How to file GSTR 1 online, and how to file GSTR 1 offline?

In the end, we will share how you can get expert help and guidance for GSTR 1 filing, right here.

So, let’s start understanding how to file GSTR 1?

What Is GSTR 1 Filing?

GSTR 1 filing is a GST return that needs to be filed either monthly or quarterly, based on the business turnover.

GSTR 1 is a compulsory filing, and every registered taxpayer under the GST regime should file GSTR 1, whether they were able to transact goods or services or not.

GSRT 1 filing is always for the outward supplier, which is sales.

For businesses that have a turnover of less than Rs 1.5 crore, GSTR 1 filing needs to be done quarterly, while for those businesses which have a business turnover of more than Rs 1.5 crore, GSTR 1 filing needs to be done every month.

Who Should File GSTR 1?

Before we understand how to file GSTR 1, we must first understand who should file GST 1 returns?

Irrespective of the sales volume, GSTR 1 filing is mandatory for all registered taxpayers under GST, based on the business turnover: monthly or quarterly.

However, there are a few exemptions.

These entities and persons )are not mandated for GSTR 1 filing:

Composition Dealers

Non-resident taxable person

Input Service Distributors

Taxpayer liable to collect TCS

Online information and database access suppliers or retrieval services (OIDAR). (They are exempted since they need to pay taxes themselves under Section 14 of the IGST Act.)

Taxpayer liable to deduct TDS

Later in the article, we will share GSTR 1 late fee is applicable for all businesses. But before, let’s understand how to file GSTR 1, both online and offline.

How To File GSTR1?

GSTR 1 can be filed both online and offline. For online, the filing needs to be done via the GST portal. 

For offline filing, users need to access the GST portal and download an offline kit containing GSTR 1 format.

How To File GSTR 1 Online:

  • Login to the GST portal using your registered id and password
  • Visit the “Services” category, and under that, click “Returns”.
  • After that, the Returns dashboard will be opened.
  • Select the financial year and month.
  • At this point, you will receive two options: Prepare the return file online or offline.
  • We will select online, click “Prepare Online.”
  • Here, you need to enter the details about outward supplies or sales. 
  • Enter the aggregate turnover for the last financial year, current quarter
  • And, 11 tables will show, wherein details for all outward supplies needs to be entered.
  • Tables 4A, 4B, 4C, 6B, 6C are used for filing B2B invoice details.
  • Tables 5A, 5B are used for filing large invoices under B2C.
  • Table 9B is for debit or credit notes (registered)
  • Table 9B for unregistered debit or credit notes
  • Table 6A for export invoices
  • Table 7- B2C for other details
  • Tables 8A, 8B, 8C, 8D for nil rated supplies
  • Tables 11A(1), 11A(2) for tax liabilities (advance received)
  • Table 11B(1), 11B(2) for adjustment of invoices
  • Table 12 is for HSN wise summary.
  • Table 13 for documents issued

How To File GSTR 1 Offline

GSTR 1 filing can be made offline by downloading a kit, which will have GSTR1 format, and all the necessary help required.

  • Visit GST portal
  • Click: Downloads > Offline tools > Returns Offline tool > Click Download button to download the zip folder
  • Unzip the folder, and you will find a kit for offline GSTR 1 filing, which will have the File for GSTR 1 format as well.
  • This offline filing kit contains: GST offline tool, table/section-wise CSV files, GSTR1 & GSTR2 Excel Workbook Template, user manual and Read me File. You can find the complete GSTR 1 format
  • Once the offline tool is installed, taxpayers can file the GSTR 1 returns, just like online submission.
  • At the end, prepare JSON file, and upload in the Returns dashboard, by selecting Prepare Offline option.

GSTR 1 Late Fees

To impose a system and make all the taxpayers realize the importance of GST filing, Govt of India has introduced GST 1 late fee in case of delay in the filing of GST returns.

Initially, GSTR 1 late fee was Rs 200 per day of delay, which included Rs 100/day based on the CGST Act and Rs 100/day based on the SGST Act.

However, based on the feedback, the Govt decided to reduce GSTR 1 late fee. 

As per the latest information, GSTR 1 late fee is Rs 50 per day of delay and Rs 20 for nil return.

Note here that the due date of the GSTR 1 filing is the 11th of the next month.

Hence, the due date for GSTR 1 filing for October will be November 11th, for the quarter October to December will be January 11th. (due to the coronavirus pandemic, the due dates for some quarters were extended, and GSTR 1 late fee was exempted. Please check with the GST portal for the latest due dates and the applicable GSTR 1 late fee)

Visit here, If you want to know How to File Form 15G and 15H?

We at MSMEx can help you right away if you need more information and help on how to file GSTR 1, including GSTR 1 format, rules, and regulations. 

All you need to do is, Book an appointment with a GST and Taxation expert on our unique micro-advisory platform MSMEx, and clear all your doubts and queries, live!

Succeed Online With Highly Effective Business Tips and Tricks

Do you want to scale your business even further than it is today? You are at the right place.

We provide Premium Online Learning for Small to Mid-Sized Businesses.

We are MSMEx, an experienced MSME edtech company with highly qualified staff to help companies grow in their industry and attract more visitors online. Whether you are struggling to gain a competitive edge online or are working on bringing your business online, we are here to assist you.

Learn powerful tips and tricks, customized especially for your business to suit its specific needs. All you need is to create a website to get started. We will help you and your employees learn everything about the internet and how things work to bring your business to the limelight.

How MSMEx Sessions Benefit Businesses?

The sessions of MSMEx are beneficial for businesses of all kinds and scales. We help them leverage the power of the world of the internet and also solve all their queries and doubts. You get expert help, if you are ever stuck with the scalability of your business.

You may be doing great online, but it's always better to learn more about things better. Learning experiences provided by us are enjoyable and beneficial at the same time. Grow your business and soar high without limits.

MSMEx will help you connect with your audience, understand their pain points, and earn more revenue than ever you have expected.

If something is working for your competitor, it doesn't need to work for you as well. You very well know that every business is different, and so are its needs. Hence, we work closely with our clients to know and understand their processes and custom-make solutions that work out for them.

Why Learn From MSMEx Experts?

The lessons we provide to businesses are curated to match their needs, preferences, and operations. With years of experience in creating industry experts, we take pride in the services offered. Learning is a never-ending process, and with the world of the internet evolving each passing day, there is an ocean full of things you need to learn.

Discover what you can do for your business by spending half of what you are doing now. Several companies have opted for the sessions provided by our experts, and they have unlocked more significant benefits that were beyond their imagination.

We teach several aspects of business operations and how a business can do a lot more than what it is doing today. We will help you craft the roadmap of your business' success.

Why is MSMEx Different?

We conduct live sessions for businesses to understand the course content in depth. We also allow them to connect with the lecturers in case of doubts. The pillars of our company conduct interactive sessions to give valuable insights.

We also have e-books for business leaders to unlock the full potential of the world of the internet.

Learn from a team of serial entrepreneurs, business experts, and corporate professionals who have made efforts in their journey to success. We teach business owners and other aspirants the tricks to be focused on growth to drive their business forward.