Page 4 - Ch14 _RETURNS

01.General Questions

CCP 14.01.01.00
What are the key features of return under GST mechanism?
Answer:
The key features of return under GST mechanism are as under:-
Ü Electronic filing of returns.

Ü Uploading of invoice level information and auto-population of information relating to ITC from returns of
supplier to that of recipient
Ü Invoice-level information matching and auto-reversal of ITC in case of mismatch.

02. Sec 37 read with Rule 59: Furnishing details of Outward Supplies
CCP 14.02.02.00
M/s Cavenon Enterprises, a registered supplier of designer wedding dresses under regular scheme, has
aggregate annual turnover of ₹ 30 lakh in the preceding financial year. It is of the view that in the

current financial year, it is permitted to file its monthly statement of outward supplies – GSTR-1 on a
quarterly basis while its accountant advises it to file the same on a monthly basis. You are required to
advise M/s Cavenon Enterprises on the same. [CA Inter RTP May 19 New]
Answer:

Legal Provision:-
Ü As per section 37 of CGST Act, GSTR-1 for a particular month is filed on or before the 10th day (now
extended to 11th day) of immediately succeeding month i.e. on monthly basis.
Ü However, to ease the compliance requirement, GSTR-1 is can be filed quarterly by small taxpayers with
aggregate annual turnover upto Rs 5 crore in preceding financial year under QRMP Scheme.

Ü Under QRMP Scheme, for the first and second months of a quarter, the details of outward supplies can be
furnished up to a cumulative value of Rs 50 Lakhs in each of the months using invoice furnishing facility
(IFF) electronically on common portal from the 1st day of the month succeeding such month till the 13th

day of the said month.
Discussion & Conclusion:-
Ü In view of the same, M/s Cavenon Enterprises can file its GSTR-1 on quarterly basis if it has opted to
furnish the outward supply related details on quarterly basis and filing IFF on monthly basis as its
aggregate turnover does not exceed ₹ 5 crore in the preceding financial year.

CCP 14.02.03.00
"All taxpayers are required to file GSTR-1 only after the end of the current tax period." Comment on the

validity of the above statement with reference to GST law. [CA Inter May 22] [Study Mat] or
Whether a tax payer can file GSTR- 1 before the end of the current tax period? [CA Inter Nov 18 Exam]
Answer:-
Ü The statement is partially valid.
Ü A taxpayer cannot file Form GSTR-1 before the end of the current tax period.

Ü However, following are the exceptions to this rule:
? Casual taxpayers, after the closure of their business
?Cancellation of GSTIN of a normal taxpayer.

Ü A taxpayer who has applied for cancellation of registration will be allowed to file Form GSTR-1 after
confirming receipt of the application.

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