CA Intermediate · Taxation · Returns
Sundaram Traders, Madurai, is a regular taxpayer with aggregate turnover of ₹3 crore and has not opted for the QRMP scheme. Under the CGST Act, 2017, by which date must it furnish the monthly statement of outward supplies in Form GSTR-1 for the month of July?
Sundaram Traders must file GSTR-1 for July by 11th August. Monthly filers outside the QRMP scheme furnish details of outward supplies by the 11th of the next month, whereas the 20th is the usual date for GSTR-3B, the summary return.
- A10th of August
- B11th of AugustCorrect
- C20th of August
- D18th of August
Explanation
A regular taxpayer who is not under the QRMP scheme files GSTR-1 by the 11th of the following month. Hence for July the due date is 11th August. The 20th is the due date for the summary return GSTR-3B, so that option confuses the two returns. The 10th is the old date for GSTR-1 and is not applicable.
Did you get it right without looking?
One question tells you little. A timed set on Returns shows your real accuracy, how long you take and where you lose marks.
More Returns questions
- Sundaram Traders, Madurai, is a regular taxpayer with aggregate turnover above Rs 5 crore that has not opted for the QRMP scheme. It made on…
- Ganesh Enterprises, Pune, a regular taxpayer with quarterly return monthly payment (QRMP) scheme, wants to know about the scheme's features.…
- Mehta Electronics, Indore, a regular taxpayer, claimed input tax credit in GSTR-3B. Its supplier, Raj Components, did not report the invoice…
- Anand Packers, a registered person in Indore with an aggregate turnover above Rs 5 crore, wants to know about its annual return obligations.…
- Sunrise Traders, Pune, is a regular taxpayer (not under QRMP) whose monthly return GSTR-3B for June was due on 20 July. It filed the return …
- Meenakshi Traders, Chennai, is a regular taxpayer with aggregate turnover above Rs 5 crore. It has to file GSTR-1 for the month of August. U…