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GSTR-1 Filing Guide for Turnover Below ₹1.5 Cr

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Financial Analyst

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Step-by-Step GSTR-1 Filing for Turnover Below ₹1.5 Crore

Filing GSTR-1 is a crucial part of GST compliance for any registered business. For small taxpayers with annual turnover below ₹1.5 crore, the process is simpler, but accuracy is key to avoid notices or penalties. Follow this guide to file your GSTR-1 smoothly.

Step 1: Check Eligibility

  • Applicable for businesses with turnover below ₹1.5 crore.
  • Eligible taxpayers can file quarterly GSTR-1 instead of monthly.
  • Ensure your GST registration is active.

Step 2: Gather Your Sales Data

Collect all sales invoices for the period:

  • B2B (Business to Business) invoices
  • B2C (Business to Consumer) invoices
  • Export sales, if any
  • Credit/Debit notes

Tip: Ensure invoices are accurate and match your accounting records.

Step 3: Log in to the GST Portal

  1. Visit www.gst.gov.in
  2. Enter your GSTIN, username, and password
  3. Go to Returns Dashboard → GSTR-1 → Prepare Online

Step 4: Enter Invoice Details

  • Fill B2B invoices in the respective section.
  • Add B2C invoices or use summary mode if transactions are numerous.
  • Include any export invoices and credit/debit notes.

Note: For turnover below ₹1.5 crore, quarterly summary is sufficient.

Step 5: Review & Validate

  • Cross-check totals for errors.
  • Ensure HSN codes, GSTINs, and invoice numbers are correct.
  • Validate entries using the GST portal’s validation tool.

Step 6: Submit GSTR-1

  • Click Submit once all invoices are verified.
  • If using offline tools, upload the JSON file prepared from accounting software.
  • After submission, the portal will display a success message.

Step 7: File GSTR-3B

  • GSTR-1 filing feeds into GSTR-3B.
  • Ensure your GSTR-3B matches the turnover and tax liability reported in GSTR-1.

Tips for Smooth Filing

  • Keep invoices updated monthly, even if filing quarterly.
  • Use accounting software integrated with GST.
  • Always download the acknowledgment for your records.

Disclaimer

This blog is for educational purposes only. Consult a qualified GST practitioner or CA before filing returns. The author or website is not responsible for any penalties arising from errors or omissions.

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