How to File GSTR-1 ?

GSTR-1 is a monthly or quarterly return that registered taxpayers must file to report outward supplies of goods and services. This return is crucial for businesses to ensure proper input tax credit (ITC) reconciliation for their customers. In this guide, we will walk you through the process of filing GSTR-1.

Who Should File GSTR-1?

Any business registered under GST that has outward supplies must file GSTR-1, except:

• Composition scheme taxpayers
• Input Service Distributors (ISD)
• Non-resident taxable persons
• Casual taxable persons

Businesses with an annual turnover of up to ₹5 crore can opt for quarterly filing under the QRMP (Quarterly Return Monthly Payment) scheme. Otherwise, GSTR-1 must be filed monthly.

Step-by-Step Process to File GSTR-1

Step 1: Log in to the GST Portal

1. Visit the GST Portal: www.gst.gov.in
2. Enter your username, password, and CAPTCHA to log in.

Step 2: Navigate to GSTR-1

1. Click on 'Returns Dashboard' under the Services tab.
2. Select the financial year and return filing period.
3. Click on 'Prepare Online' under GSTR-1.

Step 3: Enter Invoice Details

1. B2B Invoices – Add details of outward supplies made to registered persons (GSTIN-wise details required).
2. B2C Large Invoices – Add details of interstate outward supplies where invoice value exceeds ₹2.5 lakh.
3. B2C Small Invoices – Report supplies to unregistered persons with state-wise summary.
4. Credit/Debit Notes – Report any adjustments made through credit or debit notes.
5. Exports & SEZ Supplies – Enter details of zero-rated supplies (export invoices and SEZ transactions).
6. Nil-Rated, Exempt, and Non-GST Supplies – Declare any exempt, nil-rated, or non-GST transactions.
7. HSN Summary – Provide HSN-wise summary of goods and services supplied.

Step 4: Preview and Validate the Data

1. Click 'Generate Summary' to review total taxable value, tax liability, and outward supplies summary.
2. Ensure that details match invoices and financial records.

Step 5: Submit and File GSTR-1

1. Click 'Submit' to freeze data for final submission.
2. Click 'File Return' using Digital Signature Certificate (DSC) or EVC (OTP-based verification).
3. A success message and an Acknowledgement Reference Number (ARN) will be generated.

Due Date for Filing GSTR-1

Late Filing Penalty: ₹50 per day (₹25 CGST + ₹25 SGST) for taxable returns and ₹20 per day for nil returns.

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Conclusion

Filing GSTR-1 is an essential compliance requirement for businesses under GST. By following this step-by-step guide, businesses can ensure accurate reporting of outward supplies and stay compliant with GST laws. Using professional services like Global Taxman India can further streamline the process and minimize compliance risks.