GSTR-1

Details of outward supplies (sales)

Steps to File GST Returns

1. Login to GST Portal: Go to (link unavailable) and login with your credentials.

2. Select Return Period: Choose the return period for which you want to file the return.

3. Prepare Return Data: Gather all the necessary documents and data, including invoices, receipts, and payment vouchers.

4. Upload Return Data: Upload the return data to the GST portal using the offline tool or online portal.

5. Verify and Submit: Verify the return data and submit it to the GST portal.

6. Make Payment: Make the payment of tax, interest, and penalty (if any) using the GST portal.

7. File Return: File the return and obtain the Acknowledgement Reference Number (ARN).

Due Dates for GST Returns

GSTR-1: 10th of the next month.

 

Penalties for Late Filing of GST Returns

1. Late Fee: ₹50 per day (maximum ₹5,000)

2. Interest: 18% per annum on the tax amount

3. Penalty: Up to ₹25,000 or the amount of tax evaded, whichever is higher