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November 9, 2022

Now file GSTR1 compulsory before GSTR3B

by CA Shivam Jaiswal in GST

Now file GSTR1 compulsory before GSTR3B

GST return is an official document that furnishes all the purcheses , sales , tax paid on purchases and tax collected on sales related details.

Regular taxpayers under GST are the persons who own a business in a state/UT and involve in the supply of goods and services. Currently, there are two forms which are to be filed by the regular taxpayer i.e. GSTR-1 and GSTR-3B

Following are the important changes have been made in return filing process :

  1. Taxpayers need to file previous tax periods GSTR-1 before filing current period GSTR-1
  2. GSTR-1 for the current period need to be filed before filing GSTR-3B for the said tax period

What is Form GSTR -1 ?

FORM GSTR-1 is a statement of outward supplies which is filed:

  • On Quarterly basis by QRMP taxpayers
  • On Monthly basis by other taxpayers

When should you file FORM GSTR-1?

  • All taxpayers (other than QRMP taxpayers) must file FORM GSTR-1 every month on or before 11th of the next month
  • QRMP taxpayers, have to file quarterly FORM GSTR-1 by the 13th of the month following the relevant quarter

For more details, please refer to Section 37 (4) and 39 (10) of CGST Act 2017, read with Notification No. 18/2022- Central tax dated September 28, 2022 and GSTN Advisory dated October 21, 2022

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