GSTR 1 | Due dates of GSTR1 | Extended Due date of GSTR1

Author: Isha Jagi

GSTR 1 – Introduction

GSTR-1 is a monthly or quarterly return (based on taxpayer’s annual turnover) that should be filed by every registered dealer. In this form, the registered taxpayers are required to provide details of all their outward supplies/sales records.

Extended Due Dates

CBIC has recently issued notification 49/2020 to 56/2020 and circular 141/11/2020 to provide some relief by extending the due dates for return filing and also amendment certain provisions in the GST Act. To know more checkout the extended due date of GST return article

Who is required to file form GSTR 1?

Under the GST system, it is compulsory for every* enlisted citizen to fill his/her Form GSTR 1 preceding the given due date, even in the event of NIL returns.

*The following citizens are excluded for filing form GSTR 1:

  • Input Service Distributors (ISD)
  • Composition Dealers
  • OIDAR suppliers, who have to pay tax themselves (as per Section 14 of the IGST Act)
  • Non-resident taxable person
  • TCS Collectors
  • TDS Deductors

Penal provisions for non-compliance

In case of missed or delayed filing of form GSTR 1, Late Fee of Rs. 200 per day of delay shall be levied upon the taxpayer (Rs. 100 as per the CGST Act and Rs. 100 as per the SGST Act).

Update: The penalty for delayed filing of form GSTR 1 has been reduced to Rs. 50 per day. Additionally, the late fee in case of NIL returns has been set to Rs. 20 Per day.

If there should arise an occurrence of missed or postponed filing of form GSTR 1, Late Fee of Rs. 200 every day of deferral will be demanded upon the citizen (Rs. 100 according to the CGST Act and Rs. 100 according to the SGST Act).

Update: The punishment for deferred filing of form GSTR 1 has been decreased to Rs. 50 every day. Also, the late charge if there should arise an occurrence of NIL returns has been set to Rs. 20 Per day.

Form GSTR 1 and E-Way Bills

The 31st GST council saw the amalgamation/connecting of Eway bills (EWB) with form GSTR 1. So as to keep a tab on the consistence pattern of a citizen, the GST council reported the limitation on the generation of EWBs, if GSTRs are not filed for two back to back assessment periods. To know further subtleties, read our article on "Bringing Your E-path Bills into GSTR-1"

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