GSTR-1 FilingHandled by experts

GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e. sales. Filing GSTR-1 is mandatory, even if there has been no business activity (NIL Return) in the relevant month or quarter.

The process to file GSTR-1 includes:

1. Login to the GST Portal (www.gst.gov.in).

2. Go to Services > Returns > Returns Dashboard.

3. Select the Financial Year & Return Filing Period > Search.

4. Click on 'Prepare Online' under GSTR-1.

5. You can either upload the individual invoices (up to 500) or use the 'Bulk Upload' function.

6. Enter the details in different tiles depending on the nature of your transactions (i.e B2B, B2C etc).

7. Click 'Submit' to file the return. 

8. Verify it with your digital signature certificate (DSC) or Aadhar-based signature verification.

The deadline for filing GSTR-1 return is usually the 11th of the subsequent month, for businesses with turnover more than 1.5 crores INR. For businesses with turnover less than 1.5 crores INR, they can choose to file quarterly returns. In this case, the deadline is the end of the month subsequent to the quarter.

If you delay filing your GSTR-1 return, a late fee of Rs. 200 per day is charged up to a maximum of Rs. 5000. Besides, not filing the return may result in cancellation of GST registration by the authorities.