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Furnishing the details of outward supplies for QRMP - GST Ready Reckoner - GSTExtract Furnishing the details of outward supplies for QRMP Furnishing the details of outward supplies for QRMP 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 , 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. Periodicity of furnishing of GSTR-1 The registered persons required to furnish return for every quarter as per u/s 37 GSTR-1 shall be filled on monthly basis, from the 1st day of the month succeeding such month till the 10th day of the following month. The registered persons required to furnish return for every quarter as per u/s 39 may furnish the details of such outward supplies of goods or services or both to a registered person, as he may consider necessary, for the first and second months of a quarter, up to a cumulative value of fifty lakh rupees in each of the months ,- using invoice furnishing facility ( IFF ) electronically on the common portal. The details of outward supplies furnished using the IFF, for the first and second months of a quarter, shall not be furnished in FORM GSTR-1 for the said quarter, A registered person may furnish such details, for the month of April, 2021 , using IFF from the 1st day of May, 2021 till the 28th day of May, 2021, A registered person may furnish such details, for the month of May, 2021 , using IFF from the 1st day of June, 2021 till the 28th day of June, 2021, from the 1st day of the month succeeding such month till the 13th day of the said month . 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 two and a half 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 two and a half 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. Restrictions in furnishing of form GSTR-1/IFF As per Rule 59(6), Notwithstanding anything contained in this rule, in case of defaulting of return in form GSTR-3B, restriction have been prescribed from filling Form GSTR-1 of IFF, as the case may be follow. Registered person opted QRMP:- He shall not be allowed to furnish the details of outward supplies of goods or services or both in FORM GSTR-1 , if he has not furnished the return in FORM GSTR-3B for the preceding month . A registered person, as per the rule 88C(1) in respect of a tax period to whom an intimation the intimated of the difference in Part A of FORM GST DRC-01B , electronically on the common portal, shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using the IFF for a subsequent tax period, unless he has either deposited the amount specified in the said intimation or has furnished a reply explaining the reasons for any amount remaining unpaid, as required under the of rule 88C(2) . A registered person, to whom an intimation has been issued on the common portal under the provisions of rule 88D(1) in respect of a tax period or periods, shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using the invoice furnishing facility for a subsequent tax period, unless he has either paid the amount equal to the excess input tax credit as specified in the said intimation or has furnished a reply explaining the reasons in respect of the amount of excess input tax credit that still remains to be paid, as required under the provisions of sub-rule (2) of rule 88D; A registered person shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using the invoice furnishing facility, if he has not furnished the details of the bank account as per the provisions of rule 10A . Rectification of return Any registered person, who has furnished the details on or before the due date for any tax period, shall, upon discovery of any error or omission therein, rectify such error or omission in such manner as may be prescribed, and shall pay the tax and interest, if any, in case there is a short payment of tax on account of such error or omission, in the return to be furnished for such tax period. Time Limit for rectification in details furnished of outward supplies Any registered person can't rectification of error or omission in respect of the details furnished the details of outward shall be allowed after the a) 30th day of November following the end of the financial year to which such details pertain, or b) furnishing of the relevant annual return, whichever is earlier. A registered person shall not be allowed to furnish the details of outward supplies u/s 37(1) for a tax period, if the details of outward supplies for any of the previous tax periods has not been furnished by him. Details of outward supplies shall include details of invoices, debit notes, credit notes and revised invoices issued in relation to outward supplies made during any tax period.
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