GST Return Process, How to File GSTR 1, How to File GST Return

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GST Return Process, How to File GSTR 1, How to File GST Return

GST Return Process, How to File GSTR 1: Every registered taxable person has to furnish outward supply details in Form GSTR 1 by the 10th of the subsequent month in every year. In this article we provide complete details for GST Return Process or How to E-File GSTR 1 Return. GSTR Return if filled by monthly. Here below we provide step by step details or components of GSTR 1 with screenshots. Now scroll down below n check more details……

Following are my views on Draft formats under GST return.

Section 19 of GST

(1) GSTR-1 can be finalised only after taking impact of auto drafted return of GSTR-1A which means

  • (a) Our outward supply tax liability ascertainment is finalised only after receipt confirmed by recipient or our final supply qty will be considered based on receipt qty accepted by recipient.
  • (b) For example if X has shown 10 MT qty in GSTR-1 and recipient has accepted/received 9 MT only accordingly auto drafted GSTR-1A will show 9 MT which either supplier has to accept or get it corrected from recipient within time to ascertain final tax liability
  • (c) It means supply qty is having link with qty received and accepted by recipient.
  • (d) All supplier has to make proper mechanism for timely validation of outward supply qty ,value from recipient in same month to avoid any mismatch and adjustment in subsequent month by way of debit note or credit note.

Special File – Download GSTR 1 Excel Utility File by gst.gov.in (01-07-2017)

GST Return Process, How to File GSTR 1

Due Date 10th of subsequent month

  • Provision for mentioning place of supply when different from the location of recipient
  • Provision for mentioning tax payable under reverse charge
  • Provision for mentioning provisional assessment
  • Provision for corrections of previous month in outward supplies -B2B Supply – Intra state and inter state
  • Provision for B2C Supply – Intra state and inter state
  • Details for mentioning debit note and credit note and impact on tax including amendment in previous month’s debit note and credit note
  • Details of outward supplies which are exempted, non-taxable and having Nil rate
  • Details of Exports and Deemed Exports including amendment of previous month’s supplies
  • Details of tax already paid on advances and subsequently corresponding invoice issued
  • Documents reference to be generated for advance received and tax paid
  • Provision for supply made to E-Commerce operator and amendment in subsequent month
  • Invoice cut off and invoice control
  • Auto correction after 1A acceptance

GSTR 1 Return Checklist

How to File GSTR 1 at GST Portal, Key Components of GSTR-1

Step 1 : A taxpayer require to login at GST Portal by using his user ID & Password

Step 2 : After Successfully login, user can see his dashboard

Step 3 : – Now click on “Service Menu” and then click on Returns and you will reach at GST Returns Page This section shows all the services available on the GST portal. You can select one to proceed further.

Return Filing Process

GSTR 1 Return Filing

(This section shows the Summary of various tables of GSTR – 1.)

Image 2

GSTR 1 : B2B Invoices

By clicking on any box you can drill down to see invoice levels details.

GSTR 1: B2B- Add Invoice

This section helps you to add the Invoices of the Registered person and confirmation of Invoices being saved successfully

GSTR 1 : Amended B2B Invoices

This section helps you to do amendments to details of Outward Supplies to a registered, Next section helps you to do amendments to details of Outward Supplies to a registered person of earlier tax periods

GSTR 1: B2C (Large)

This section helps you to add the Invoices of Taxable outward Inter-State supplies and where invoice value is more than 2.5 Lacs and Invoices issued against Advance received in earlier periods.

GSTR 1: B2C (Large)-Add Invoice

This section helps you to add the Invoices of Taxable outward Inter-State supplies and where invoice value is more than 2.5 Lacs and Invoices issued against Advance received in earlier periods.

GSTR 1: Credit/Debit Notes

This section shows you the summary of Credit/ Debit Notes &  helps you to add Credit/ Debit Notes and also help to amend Credit/ Debit Notes.

GSTR 1: Exports Summary

This section shows the Summary of Exports uploaded, This section also helps you to add Export Invoices Details and you may amend the Export Invoices details.

GSTR 1: B2C(Small) Details – Summary

This section shows you the Summary of Taxable outward and from next tab you may add details of Taxable outward supplies and Next section helps you to amend the details of Taxable outward supplies

GSTR 1: Nil Rates Supplies

This section shows you the Nil rated, Exempted and Non GST outward Supplies.

GSTR 1: Tax Liability (Advance Payment)

This section shows you the Summary of Tax liability arising on account of Time of supply without issuance of invoice in the same period . Next section helps you to add details of Tax liability arising on account of Time of Supply without issuance of invoice in the same period

Tax already paid on invoices issued in the current period – Summary

This section shows you to Summary of Tax already paid (on advance receipt / on account of time of supply) on invoices issued in the current period

Supplies made through e-commerce portals of other companies

This section shows you the supplies made through e-commerce portal of other companies

Supplies made through e-commerce portals of other companies – Intra State

This section shows you the summary of supplies made through e- commerce portals of other companies (Intra State)

HSN/SAC summary of outward supplies – Summary

This section shows you the Harmonized System of Nomenclature (HSN) and Services Accounting Code (SAC) summary of Outward Supplies

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