What is the Gstr-1?

What is the Gstr-1?

Asked on January 12, 2018 in Miscellaneous.
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2 Answer(s)

GSTR-1 is a monthly or quarterly return which is filed by regular dealers, which is divided into 13 sections and the base on document upon which the entire compliance structure of GST is based.
For traders whose have their annual turnover up to Rs 1.5 crore annually, GSTR-1 needs to be filed on the quarterly basis while that for taxpayers having a turnover above that needs to be filed every month. The late fee for filing GSTR-1 is Rs 50 per day after the due date, and Rs 20, in case of nil returns.

Answered on March 21, 2018.
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Filing of sales details.

Answered on January 12, 2018.
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Gen GST