GSTR-1: Who is required to file GSTR-1, Format and information to be provided

GSTR1

Under the new GST regime, there will be various returns. GSTR-1 is the first of them.

1. Who is required to file GSTR-1: GSTR-1 to be filed by regular/Normal Taxpayers including casual and Non-resident (Indian) taxpayers but excluding the compounding taxpayer.
2. The due date for filing of GSTR-1: GSTR-1 is required to be filed by the 10th of Next month
3.  For: Outward Supplies made by the taxpayer
4. Information to be provided:
   • Name
   • GSTIN
   • Gross Turnover of the taxpayer in the previous FY
   • Period
   • Taxable outward supplies to a registered person
   • Taxable outward supplies to a consumer where the place of supply is other than the State where supplier is located (Inter-state supplies) and the Invoice value is more than Rs 2.5 lakh (optional in respect of other supplies)
   • Taxable outward supplies to consumer (Other than 6 above)
   • Details of Credit/Debit Notes
   • Amendments to details of Outward Supplies of earlier tax periods (including post supply discounts)
   • Nil rated, Exempted and Non-GST outward supplies
   • Supplies Exported (including deemed exports)
   • Tax liability of amount received in advance against a supply to be made in future
   • Tax already paid (on advance receipt) on invoices issued in the current period