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CA Intermediate · Taxation · Returns

Sundaram Traders, a regular taxpayer in Coimbatore, did not opt for the QRMP scheme. It makes taxable outward supplies every month. Which statement correctly describes its obligation regarding the statement of outward supplies in GSTR-1 for a month?

A regular monthly filer must furnish GSTR-1, the statement of outward supplies, by the 11th day of the month following the tax period. The 20th is the usual date for GSTR-3B, and the 13th applies to quarterly GSTR-1 filers under QRMP.

  1. AFile GSTR-1 by the 11th of the following monthCorrect
  2. BFile GSTR-1 by the 20th of the following month
  3. CFile GSTR-1 by the 13th of the month following the quarter
  4. DFile GSTR-1 only at the end of the financial year

Explanation

A regular taxpayer who has not opted for QRMP and is not a quarterly filer furnishes GSTR-1 monthly by the 11th of the next month. The 13th applies to quarterly filers under QRMP (for the quarter), and the 20th is the GSTR-3B date, so those options mix up returns.

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