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GSTR 1 for small taxpayers

30 August 2017

Is it necessary for small taxpayers to file each and every invoice to file GSTR 1 or they can file it with aggregate turnover. Please comment.

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6 Replies

divakar podaturu (Student CA Final ) (5 Points)
Replied 30 August 2017

For small taxpayers, whose annual turnover is below Rs.75 lakhs, can opt for composition scheme. If you opt for composition scheme, you need not have to file GSTR-1. but the due date for opting composition scheme is 16th August, 2017. If you not opt for composition scheme, You have to compulsorily file GSTR-1.

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divakar podaturu (Student CA Final ) (5 Points)
Replied 30 August 2017

Tax based on aggregate turnover is only for composition scheme taxpayers.

Shubham Aggarwal (41 Points)
Replied 30 August 2017

Thnks for rply sir but what if I m not in Composition and doing B2C sales . Because there are lot of invoices in that case

Gaurav Palta (484 Points)
Replied 30 August 2017

In case of B2C sales you are required to fill invoice wise details only in case of inter state sale and invoice value greater than 2.5 lacs.In all other cases you only have to fill B2C sales table which is summary of total sale value and place of supply and no individual bills need to be entered.