The basic features of the returns mechanism in GST include electronic filing of returns, uploading of invoice level information and auto-population of information relating to Input Tax Credit (ITC) from returns of supplier to that of recipi
Due to this matching concept for GST Returns, the GSTN system does not allow filing of GSTR 1 after the due date until the cycle for GSTR 2 gets completed for a particular month.
The Due date of GSTR 1 , 2 and 3 for the month of July 2017 was extended for 2nd time by CBEC as the GSTN system was facing numerous technical issues vide Notification number 30/2017 – Central Tax date 11th September, 2017 as under
The following important points needs to be kept in mind as far as Filing of GSTR for the month of July 2017 is concerned.
1. Supplier Tax Payer will not be able to Upload Invoices or Submit Form GSTR1, for the month of July, 2017, during the period of filing of Form GSTR-2 of July, 2017, viz. 11th to 31st October, 2017.
2. Therefore it is necessary that supplier taxpayers files his Form GSTR 1 for the month of July, 2017 by 10th October, 2017 , using EVC or DSC ( mandatory for companies, LLPs and FLLPs etc.), to avoid late fees payment .
3. If supplier taxpayer does not submits his Form GSTR 1 of July , by 10th October 2017 and if these invoices are uploaded/added by his receiver tax payer in his Form GSTR 2, then ,
a. Supplier taxpayer will be required to necessarily take action on (Accept or Reject), the invoices uploaded by Receiver taxpayer.
b. Supplier will not be able to Edit or Modify Receiver taxpayer uploaded invoices.
c. Further the same invoices uploaded, but not filed by the supplier taxpayer in his Form GSTR 1, will be marked as invalid.
Late fees for not filing GSTR 1 by the due Date (as per CGST Act):
Late fees of Rs 100/- for every day during which such failure continues subject to maximum of Rs 5000/-, (fees as per SGST Act will be charged separately as per respective SGST Act).
Thus for the month of July, MINIMUM Late Fee of Rs. 2100 under both act CGST and SGST [for 21 days starting 11th October to 31st October (both Inclusive)] totalling to Rs 4200 will be levied as per the Mechanism prescribed.
At last if You fail to file your GSTR-1 Return on time whatever the due date then again you will be able to File your return once GSTR-2, & 3 Computation is completed.
As per GST Rules you have to file GSTR-1 10th of Next month. and not filing penalty is Rs 100 for SGST and Rs 100 for CGST so total RS 200/- per day. And to complete GST cycle for one month takes at least 21 days e.g. 11th to 31st or 30th then total days around 21
Rs 4200/-=21 x 200
so be on time file your return before too late
More Point to consider
1. GSTR 1 is to be filed mandatorily by all normal and casual registered tax payers (including SMEs with Annual Turnover less than 1.5 Crores who are proposed to be shifted to Quarterly Return filing mechanism).
2. GSTR 1 needs to be filed even if there is no business activity (Nil Return).