Every registered dealer has to file a GSTR-1 every month or every quarter, thus it is also called as the monthly or quarterly return. This GSTR-1 must be filed by every dealer whosoever is a registered one. It has all the details of the outward supplies which means all about the sales. Moreover, this GSTR 1 filing as a total of 13 sections.
When to file GSTR 1
The GSTR 1 has to be filed either quarterly or monthly based on the gross turnover of the income of your firm or organisation.
If your business is able to get sales worth up to Rs. 1.5 crores, then they have to file a quarterly return.
If your business gets a turnover of more than Rs. 1.5 crores, then they have to file a monthly GSTR 1 return.
Who should file GSTR 1
Whether or not, every person has made any transaction in a particular month or not, he has to file a GSTR-1 for it is mandatory for every registered person. Though there are some who are exempted from filing the returns. These are as follows:
Those who are Input Service Distributors
The Suppliers who deal with the online information and database access or retrieval services (OIDAR), and who need to pay the tax by themselves under Section 14 of the IGST Act
Taxable people who are Non-residents
Those taxpayers who are liable to collect TCS
The taxpayers who are liable to deduct TDS