The GSTR 1 form filing is a mandatory return form under GST.
Registered taxpayers with an annual turnover exceeding 1.5 crores need to file the GSTR 1 return on every 11th of next month (July 2018 to June 2019). Taxpayers need to furnish complete details of their outward supplies in the GSTR 1 form.
As per the latest update from the 39th GST council meeting, GSTR 1 form filing is now relaxed for the taxpayers who could not opt the composition scheme under the notification No. 2/2019-Central Tax (Rate) dated 07.03.2019 for the FY 2019 -20. Also, the council has extended the old filing system until September 2020 for the GSTR 1 taxpayers. official press release
As per the official statement, “In order to nudge taxpayers to timely file their statement of outward supplies, the imposition of restrictions on availing of the input tax credit by the recipients in cases where details of outward supplies are not furnished by the suppliers in the statement under section 37 of the CGST Act, 2017.”
As per many tax experts, this move will bring all the taxpayers into a necessity to file GSTR 1 form so that the government can make the entire filing process clearly.
Taxpayers Who Need Not File the GSTR 1
All registered taxpayers with an annual turnover greater than 1.5 crores must mandatory file GSTR-1. However, there are a few taxpayers who are not liable to do so.
These taxpayers include Composition Dealers, Non-resident Taxable Person, Input Service Distributors, Taxpayers liable to deduct TDS, Taxpayers liable to collect TCS, Suppliers of OIDAR (Online Information and Database Access or Retrieval), Compounding taxable person.
|Period (Quarterly)||Due Dates|
|March – April 2020||30th June 2020|
|January – March 2020||30th April 2020|
|October – December 2019||31st January 2020|
|July – September 2019||31st October 2019|
|April – June 2019||31st July 2019|
|January – March 2019||30th April 2019|
|Period (Monthly)||Due Dates|
|April 2020||30th June 2020|
|March 2020||11th April 2020|
|February 2020||11th March 2020|
|January 2020||11th February 2020|
|December 2019||11th January 2020|
|November 2019||11th December 2019|
|October 2019||11th November 2019|
|September 2019||11th October 2019|
|August 2019||11th September 2019|
|July 2019||11th August 2019|
|June 2019||11th July 2019|
|May 2019||11th June 2019|
|April 2019||11th May 2019|