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Furnishing the details of outward supplies other than QRMP Section 37(1) - GST Ready Reckoner - GSTExtract Furnishing the details of outward supplies other than QRMP [ Section 37(1) ] Introduction The basic features of the return mechanism in GST includes electronic filing of returns, uploading of invoice level information, auto-population of information relating to input tax credit from returns of supplier to that of recipient, invoice level information matching and auto-reversal of input tax credit in case of mismatch. The returns mechanism is designed to assist the taxpayer to file returns and avail ITC. Furnishing details of outward supplies Person Liable to furnish GSTR-1: - As per section 37(1) of CGST Act , every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the provisions of section 10 or TDS deductor section 51 or TCS collecting section 52 , or other than a person referred to in section 14 of the IGST Act, shall furnish, electronically, the details of outward supplies of goods or services or both the details of outward supplies of goods or services or both, under section 37, shall furnish such details in FORM GSTR-1 for the month as the case may be, electronically through the common portal. Extension of Due date: - The Commissioner may, for reasons to be recorded in writing, by notification, extend the time limit for furnishing such details for such class of taxable persons as may be specified therein. Any extension of time limit notified by the Commissioner of State tax or Commissioner of Union territory tax shall be deemed to be notified by the Commissioner. Due dates of submission of GSTR-1 [ N.No. 83/2020 Ct dated 10/11/2020 ] The details of outward supplies of goods or services or both effected during a tax period on or before the 10 th day (now extended upto 11th days) of the month succeeding the said tax period. Periodicity of furnishing of GSTR-1 GSTR 1 shall be filed before 10th day of the month succeeding the said tax period, which will be communicated (auto-populated) to the recipient of the said supplies in GSTR 2A format between 11th to 15th of the said succeeding month. The registered person shall however, not be permitted to furnish (file) GSTR 1 during 11 th to 15th of the month succeeding the tax period. The details of outward supplies furnished by the supplier shall be made available electronically to the concerned registered persons as follows: Part A of Form GSTR-2A and Form GSTR-4A to the person paying tax under section 10 i.e. composition dealer Form GSTR-6A to the Input Service Distributor (ISD) The jurisdictional Commissioner may, for the reasons to be recorded in writing, extend the time limit for filing such outward supply statement for the particular class of taxable persons. The supplier of the goods or services shall either accept or reject the modification, addition or deletion of the invoice data by the: Recipient in Form GSTR-2 under section 38, Input Service Distributors in Form 6 and Composition dealer in Form GSTR-4. Corrections done in GSTR-2, 4 or 6 will be populated in GSTR 1A and supplier of goods and or services shall either accept or reject the details on or before the 17th day but not before the 15th day of the succeeding month and GSTR 1 shall stand amended accordingly. The Outward Supply Statement ( Sale) (GSTR 1 Return) has following main sections: Rule 67A Manner of furnishing of return or details of outward supplies by short messaging service facility A registered person who is required to furnish a Nil return under section 39 in FORM GSTR-3B or a Nil details of outward supplies under section 37 in FORM GSTR-1 or a Nil statement in FORM GST CMP-08 for a tax period, any reference to electronic furnishing shall include furnishing of the said return or the details of outward supplies or statement through a short messaging service using the registered mobile number and the said return or the details of outward supplies or statement shall be verified by a registered mobile number based One Time Password facility Components of GSTR-1 As per rule 59(4) of CGST Rules :- The details of outward supplies of goods or services or both furnished in FORM GSTR-1 shall include the (a) invoice wise details of all - (i) inter-State and intra-State supplies made to the registered persons; and (ii) inter-State supplies with invoice value more than 2.5 lakh rupees made to the unregistered persons; (b) consolidated details of all - (i) intra-State supplies made to unregistered persons for each rate of tax; and (ii) State wise inter-State supplies with invoice value upto 2.5 lakh rupees made to unregistered persons for each rate of tax; (c) debit and credit notes, if any, issued during the month for invoices issued previously. The details of outward supplies of goods or services or both furnished using the IFF shall include the (a) invoice wise details of inter-State and intra-State supplies made to the registered persons; (b) debit and credit notes, if any, issued during the month for such invoices issued previously. Other relevant provision regarding furnishing outward details (i.e. GSTR-1) a) GSTR-1 Can file before the end of the current tax period No, A taxpayer cannot file GSTR-1 before the end of the current tax period. However, following are the exception to this rule a) Casual taxable person b) Cancellation of GSTN of normal taxpayer a taxpayer who has applied for cancellation of registration will be allowed to file GSTR-1 after confirming receipt of the application. b) Necessary to file GSTR-1, even if no business activity in any tax period. Filling of GSTR-1 is mandatory for all normal and casual taxpayer even if there is no business activity in any particular period. for such period a nil GSTR-1 is required to be filed. A Nil GSTR-1 can be filed through an SMS using the registered mobile number of the taxpayer.GSTR-1 through SMS is verified by registered number based OTP facility.
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