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CA Intermediate · Taxation · Returns

Sundaram Traders, Madurai, is a regular taxpayer with aggregate turnover above Rs 5 crore that has not opted for the QRMP scheme. It made only intra-State taxable supplies in the month of July. By which date is it required to furnish its monthly statement of outward supplies in Form GSTR-1 for July?

Sundaram Traders must file GSTR-1 for July by 11th August. A regular monthly filer reports outward supplies by the 11th of the following month, whereas the 20th of the month is the due date for the summary return GSTR-3B, which is a different return.

  1. A10th of August
  2. B11th of AugustCorrect
  3. C13th of August
  4. D20th of August

Explanation

A regular monthly filer must furnish GSTR-1 by the 11th of the month following the month of supply. For July the due date is therefore 11th August. The 20th is the due date for GSTR-3B, so 20th August confuses the two returns. The 10th relates to the old GSTR-2A/ITC-era timelines and is not applicable.

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