Basics of GSTR-1

Gstr-1	GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales.
When is Gstr-1 Due	The Due dates for GSTR-1 are based on your turnover. The due dates until March 2018 for the return have been notified. Businesses with sales of up to Rs. 1.5 crore will file quarterly returns. Other taxpayers with sales above Rs. 1.5 crores have to file monthly return.
Who Should File GSTR-1?	Every registered person is required to file GSTR -1 irrespective of whether there are any transactions during the month or not.
Exceptions?	Input Service Distributors Composition Dealers Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act) Non-resident taxable person Taxpayer liable to collect TCS Taxpayer liable to deduct TDS
Late Fees and Penalty	Late Fees for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per CGST Act and Rs. 100 as per SGST Act. The late fees will be charged from the date after the due date.

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