The GSTR-1 contains the details of all your outward supplies or sales. It needs to be filed before the 10th of the following month, and it includes:
– Basic information of the taxpayer (name, GSTIN, etc.)
-Period for which the return is being filed.
-The taxpayer’s gross turnover for the previous financial year.
– For B2B supplies: submit invoice-wise details for all transactions.
– For B2C supplies:
-If invoice amount is greater than Rs. 2,50,000, submit invoice-wise details for all transactions.
-If invoice amount is between Rs. 50,000 and Rs. 2,50,000, submit the addresses of your buyers along with a -summary of your interstate transactions by state.
-If invoice amount is less than Rs. 50,000, buyer addresses are needed only for interstate transactions.
-Consolidated supply details on all intrastate B2C supplies with or without invoice details (submission of invoice details is optional).
-Details of Credit/Debit issued, Export Invoices, Advances received and HSN wise Summary of supply of Goods & Services.