Frequently asked questions
What are the details that are recorded while filing GSTR-1?
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.
-Consolidated supply details on all intra-state 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.
What is a GST Return?
A return is a statement of financial activity by a taxable person for a prescribed period. This allows a taxable person to self-assess the tax they owe for that period.
The registered person has to be provide some of the details in GSTR Return during the year like:
- Details of sales, purchases.
- Details of inward/outward services.
- Detail of each invoice issued or received.
- Details of Debit/credit notes etc.
I have obtained GST Registration for my Business but have not made any Outward or Inward supplies yet, Do I still need to file GST Return even though there are no GST transaction in my business?
Yes, once GST Registration has been obtained it is mandatory to file GST Returns even though there is no transaction.
I'm an E-commerce Operator/Aggregator, Which GST Return I need to file?
Your are entitled to file GSTR-8 i.e. monthly return to be filed by E-commerce operators.
I have submitted some incorrect data or missed some detail of inward/outward supplies while filing GSTR 1/2, Can I rectify GSTR1/2?
No, GSTR 1/2 can not be rectified once filed but surely rectify the mistakes made at the time of filing of GSTR -3 i.e. consolidated return for GSTR-1 and GSTR-2.
I missed out claiming my Input tax credit for the first month of the year, Am I entitled to claim input tax credit earlier missed as I am into the 7th month of the year?
Yes, If you have missed on your input tax Credit then you are entitled to claim the same within one year from the Date of Invoice.
GSTR-1/3B>> Monthly package (Turnover less than 1.5 Cr)
- 1 Month filing of GSTR-1/3B (i.e. for any one month like April, June or March) for one GSTN no.
- This plan doesn’t include Book keeping or Accounting.
For any Registered person with Turnover less 1.50 crore such as :
- Manufacturers, Wholesalers, Traders etc.
- Service providers, Retailers etc.
- Not applicable for Composition Scheme Dealers
- Purchase/Sale Registers
- Tax registers such Input Tax register, GST Payable Register
- Tax Challan showing GST Liabilty discharged
| Plan Charges | 799 |
| Goods & Services Tax (GST) | 143 |
| Total Cost | 943 |
* Estimate Time for Service Completion
30 Days
What are the details that are recorded while filing GSTR-1?
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.
-Consolidated supply details on all intra-state 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.
What is a GST Return?
A return is a statement of financial activity by a taxable person for a prescribed period. This allows a taxable person to self-assess the tax they owe for that period.
The registered person has to be provide some of the details in GSTR Return during the year like:
- Details of sales, purchases.
- Details of inward/outward services.
- Detail of each invoice issued or received.
- Details of Debit/credit notes etc.
I have obtained GST Registration for my Business but have not made any Outward or Inward supplies yet, Do I still need to file GST Return even though there are no GST transaction in my business?
Yes, once GST Registration has been obtained it is mandatory to file GST Returns even though there is no transaction.
I'm an E-commerce Operator/Aggregator, Which GST Return I need to file?
Your are entitled to file GSTR-8 i.e. monthly return to be filed by E-commerce operators.
I have submitted some incorrect data or missed some detail of inward/outward supplies while filing GSTR 1/2, Can I rectify GSTR1/2?
No, GSTR 1/2 can not be rectified once filed but surely rectify the mistakes made at the time of filing of GSTR -3 i.e. consolidated return for GSTR-1 and GSTR-2.
I missed out claiming my Input tax credit for the first month of the year, Am I entitled to claim input tax credit earlier missed as I am into the 7th month of the year?
Yes, If you have missed on your input tax Credit then you are entitled to claim the same within one year from the Date of Invoice.