<\/figcaption><\/figure>\n\n\n\nGSTR-1 should include information on all sales and services provided by the taxpayer throughout the return filing period. When filing GSTR-1, businesses must provide the following details:<\/p>\n\n\n\nTable No.<\/strong><\/td>Details or Information to be Submitted<\/strong><\/td><\/tr>1, 2 & 3<\/td> GSTIN, trade name, legal name and total turnover in the previous financial year<\/td><\/tr> 4<\/td> Taxable supplies to registered taxpayers, excluding zero-rated supplies and deemed exports<\/td><\/tr> 5<\/td> Inter-state taxable supplies to unregistered persons where the invoice value exceeds \u20b92.5 lakh<\/td><\/tr> 6<\/td> Zero-rated supplies and supplies that are considered deemed exports <\/td><\/tr> 7<\/td> Taxable transactions made to individuals or entities that are not registered, excluding those transactions listed in Table 5 (after accounting for debit and credit notes)<\/td><\/tr> 8<\/td> Supplies that are nil-rated, exempt or outside the scope of GST <\/td><\/tr> 9<\/td> Amendments to taxable supplies (reported in earlier GSTR-1 returns) during the current period. This includes adjustments for credit notes, debit notes and refund vouchers issued in the period under review.<\/td><\/tr> 10<\/td> Provide details of any credit notes or debit notes issued to unregistered persons during the period<\/td><\/tr> 11<\/td> Advances received for supplies in the current tax period, including any adjustments made in the period for advances <\/td><\/tr> 12<\/td> Provide a summary of outward supplies categorised by HSN codes<\/td><\/tr> 13<\/td> Issuance of documents during the period<\/td><\/tr> 14<\/td> For suppliers selling through e-commerce operators (ECOs), report GSTIN-wise sales on which the e-commerce operators are liable to collect Tax Collected at Source (TCS) under Section 52 of the CGST Act, or where ECOs are required to pay tax under Section 9(5) of the CGST Act.<\/td><\/tr> 14A<\/td> Amendments to sales data reported under Table 14 <\/td><\/tr> 15<\/td> E-commerce operators need to report both B2B and B2C sales of suppliers on which they must deposit TCS.<\/td><\/tr> 15A<\/td> Amendments to e-commerce operator report in relation to B2B and B2C sales:Table 15A I: <\/strong>Amendments related to sales to GST-registered persons (B2B).Table 15A II:<\/strong> Amendments related to sales to unregistered persons (B2C).<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\nHow to File TDS Return in GST Portal?<\/strong><\/h2>\n\n\n\nBusiness owners can file TDS returns online via the GST portal. The return filing procedure is mentioned below:<\/p>\n\n\n\n
\nGo to the official GST portal.<\/li>\n\n\n\n Tap on the \u2018Login Here\u2019 option.<\/li>\n\n\n\n Provide your user ID or TAN, password and captcha code.<\/li>\n\n\n\n Select the \u2018Login\u2019\u00a0option.<\/li>\n\n\n\n Find the TDS tab and choose \u2018Upload TDS\u2019.<\/li>\n\n\n\n The taxpayer must choose the appropriate statement details, such as form name, financial year, upload type and quarter, from the provided form.<\/li>\n\n\n\n Select ‘Validate’ to check the details in the statement.<\/li>\n\n\n\n Use a Digital Signature Certificate (DSC) to upload the TDS statement.<\/li>\n\n\n\n Upload the ZIP archive containing the TDS statement and attach the signature file.<\/li>\n\n\n\n Press ‘Upload’ to complete the return filing process.<\/li>\n<\/ol>\n\n\n\nConclusion<\/strong><\/h2>\n\n\n\nFiling the first return under GST is an essential step for businesses newly registered under the GST regime. This first return sets the foundation for ensuring direct tax compliance with GST regulations and avoids penalties. <\/p>\n\n\n\n
FAQs<\/h3>\n\n\n\n
\n
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What is first return under GST Section 40?<\/strong><\/strong><\/h3>\n\n\n
The first return under Section 40 of the GST Act<\/strong> refers to the initial GST return that a newly registered taxpayer must file. It includes details of all outward supplies made from the date the taxpayer became liable for registration until the date the GST registration is granted. This return helps authorities determine the tax liability for the initial period of business operations under GST.<\/p>\n\n<\/div>\n<\/div>\n\n
What is Rule 40 in GST?<\/strong><\/strong><\/h3>\n\n\n
Rule 40 of the CGST Rules<\/strong> pertains to claiming Input Tax Credit (ITC) for inputs, capital goods, or semi-finished goods held in stock on the day immediately preceding the date of registration. It allows businesses to claim ITC on pre-GST stock, provided certain conditions are met, such as filing the relevant details in Form GST ITC-01 within the specified time frame.<\/p>\n\n<\/div>\n<\/div>\n\n
When to file first GST return after registration?<\/strong><\/strong><\/h3>\n\n\n
The first GST return must be filed after the registration is approved and the GSTIN is issued. Businesses need to report transactions from the date of liability until the registration date. The timeline for filing varies based on the assigned return period, such as monthly or quarterly.<\/p>\n\n<\/div>\n<\/div>\n
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How to file a first GST return?<\/strong><\/strong><\/h3>\n\n\n
To file the first GST return, log in to the GST portal with your credentials and select the relevant return form (e.g., GSTR-1 for outward supplies). Enter details of sales, purchases, Input Tax Credit, and tax liabilities. Verify the information, submit the return, and use the appropriate payment method to pay the applicable tax.<\/p>\n\n<\/div>\n<\/div>\n
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What is meant by first return in GST?<\/strong><\/strong><\/h3>\n\n\n
The first return under GST is the initial declaration filed by a newly registered taxpayer. It covers details of all transactions made during the period starting from the liability date to the date of registration approval. This ensures compliance and establishes a record of initial tax liability.<\/p>\n\n<\/div>\n<\/div>\n
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What is the next step after GST registration?<\/strong><\/strong><\/h3>\n\n\n
After GST registration, the business must activate its GSTIN, issue GST-compliant invoices, and file the necessary returns periodically. Businesses should also integrate GST processes into their accounting systems and ensure timely payment of taxes to maintain compliance.<\/p>\n\n<\/div>\n<\/div>\n
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Is it mandatory to charge GST after registration?<\/strong><\/strong><\/h3>\n\n\n
Yes, once registered under GST, it is mandatory to charge GST on all taxable supplies of goods and services. The charged GST must be collected from customers and deposited with the government through regular return filings. Failure to comply can lead to penalties and interest on unpaid taxes.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"
Key Takeaways GST, or Goods and Services Tax, is a comprehensive tax system that has replaced multiple indirect taxes in India. It is designed to streamline the process of tax collection and promote ease of doing business across the country. Under GST, businesses are required to register and file returns periodically, reporting details of their […]<\/p>\n","protected":false},"author":9,"featured_media":58347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-58346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst"],"_links":{"self":[{"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/posts\/58346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/comments?post=58346"}],"version-history":[{"count":2,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/posts\/58346\/revisions"}],"predecessor-version":[{"id":58396,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/posts\/58346\/revisions\/58396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/media\/58347"}],"wp:attachment":[{"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/media?parent=58346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/categories?post=58346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/tags?post=58346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}