Outward Sales

GSTR-1 is a statement in which a regular dealer captures the outward supplies made during a month. It contains details of all the outward supplies made to registered and unregistered businesses or end consumers. In certain exceptional scenarios, taxpayers should capture even B2C transactions at invoice level.
  1. Who should file GSTR-1?

Every registered person has to file GSTR-1 even if there are no transactions during the month.
The following registered persons do not have to file GSTR-1:
GSTR-1, GST, Return Filing, Invoicing, Software, Tax, E-way, Bill, Consultancy, Advisory

2. When is GSTR-1 due?

The GSTR-1 return for a month can be filed between 1st and 10th of the following month. The GST Council has relaxed the GST return filing dates for the first two months, i.e., July and September 2017.
 

3. What happens if GSTR-1 is not filed?

The GSTR 1 filed by a registered dealer is used to auto populate GSTR 3 for the dealer and GSTR 2A for dealers to whom supplies have been made. If GSTR-1 is not filed, it wouldn’t be able to file the next returns. Thus, a taxpayer has to file GSTR-1 if there is no business activity.

 

 

4. What is GSTR 1A Form?

The changes that a recipient makes in GSTR-2 will be available to supplier in this form. The supplier has two options – to accept or reject the adjustments the recipient makes. The form GSTR-1 will be amended according to the extent of correction accepted by supplier.

5. What happens if GSTR-1 is filed late?

Failing to file the GSTR-1 on or before the due date will attract a late fee for every day you delay the filing process. The fine will be Rs. 100 per day, up to a maximum of Rs. 5,000.
 

6. The field “turnover” is a mandatory field in GSTR-1. How can one fill it up?

Taxpayers have to fill this field manually only once. After that, it will be populated automatically every month based on the details furnished in the return.
 

7. How to revise GSTR 1?

Taxpayers cannot revise GSTR 1 once filed. They can revise any mistakes in the next month’s return.
 

8. What are the details to be provided in GSTR-1?

Form GSTR-1 contains 13 tables in which the outward supplies details needs to be captured. Based on the nature of business and the nature of supplies effected during the month, only the relevant tables are applicable, not all.
 
  1. GSTIN: Provisional id can also be used if you do not have a GSTIN.
  2. Name of the Taxpayer – Name of the taxpayer including legal and trade name.
  3. Turnover of the Taxpayer:
    • Aggregate turnover: The total value of sales and supplies in 2016-2017 minus taxes. This is the only year you will need to fill this detail. In the future, it will be auto calculated and auto populated.
    • Aggregate turnover: April to June, 2017: The value of sales and supplies made between the start of the fiscal year and the GST rollout.
  4. Taxable outward supplies made to registered persons (including UIN holders) :

    • Invoice-wise details of all taxable B to B supplies made for this month. Exclude sales involving reverse charge and sales made through an e-commerce portal . Provide the breakdown of CGST, SGST, and IGST for each.
    • All B to B sales made this month that attract reverse charge. (e.g., services offered by a Goods Transport Agency)
    • Supplies made online through an e-commerce channel (such as Amazon or Flipkart). The data here has to be classified by GSTIN(s) of the e-commerce operator/channel(s) involved.
  5. Taxable outward inter-state supplies to an unregistered consumer where the invoice value is more than Rs. 2.5 lakh:

    • Invoice details of B2C supplies and B2B supplies (made to unregistered businesses) made across different states, excluding e-commerce sales.
    • Invoice details of interstate B2C supplies made online including place of supply, taxable value, etc.
  6. Zero-rated supplies and deemed exports:

    • All exports made during the tax period.
    • Supplies made to customers located within a Special Economic Zone.
    • Deemed exports made during the tax period.
  7. Taxable supplies to unregistered persons, other than supplies mentioned earlier:

    • Intrastate supplies:
      • Consolidated details of B2C sales (both online and offline).
      • Online B2C sales.
    • Interstate supplies where the invoice amount is less than Rs. 2.5 lakh:
      • Details of B2 C interstate supplies along with the place of supply.
      • Details of B2C interstate sales made online.
  8. Nil rated, exempt, and non-GST outward supplies: Sales summary of items and/or services that are nil rated, exempt and non-GST supplies

    • Interstate supplies made to registered persons: B2B sales made to GST registered businesses in other states
    • Intrastate supplies made to registered persons: B2B sales made locally.
    • Interstate supplies made to consumers and unregistered persons: B2C sales made to customers and unregistered businesses located in other states.
    • Intrastate supplies made to consumers and unregistered persons: B2C sales made locally. Includes end consumers and unregistered businesses.
  9.  Amendments to taxable outward supply details furnished in returns for earlier tax periods in table 4, 5 and 6 (including current and amended debit notes, credit notes, and refund vouchers):

    • Details of incorrect invoices and shipping bills submitted, along with the correction.
    • Original debit notes, credit notes and refund vouchers created during the current tax period.
    • Changes made to the debit notes, credit notes and refund vouchers filed during earlier tax periods. Here, you are also required to provide details of the original document that is being revised.
  10. Amendments to taxable outward supplies to unregistered persons furnished on returns for earlier tax periods:

    • Modifications made to within your state and supplies made either online or offline during previous tax periods including the GSTINs of the parties involved.
    • Modifications and corrections made to inter-state sales and supplies made either online or offline during previous tax periods including the GSTINs of the parties involved .
  11. Consolidated statement of Advances received or adjusted in the current tax period, plus amendments from earlier tax periods:

    • Advance amounts you received during this tax period which have yet to be invoiced. This includes both interstate and intrastate transactions.
    • Advance amounts received in earlier tax periods and adjusted against the supplies being made in this tax period under table 4, 5, 6, and 7.
    • Any updates or changes made to the details under subsection 11A of earlier tax returns.
  12. HSN-wise summary of outward suppliesAn HSN wise summary of the items sold. It includes total quantity sold, taxable value under each tax heading, and Unit Quantity Codes (for exports or imports).
  13. Documents issued during the tax period:

    • Invoices for outward supply
    • Invoices for inward supply from unregistered persons
    • Revised invoices
    • Credit note
    • Receipt vouchers
    • Refund vouchers
    • Delivery challans.

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