Taxpayers To File Previous Tax Periods GSTR-1 Before Filing Current Period GSTR-1: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) has announced the important changes that have been made in the return filing process.

The CBIC stated that the taxpayers need to file previous tax periods on GSTR-1 before filing the current period on GSTR-1. GSTR-1 for the current period needs to be filed before filing GSTR-3B for the tax period.

Form GSTR-1 is a statement of outward supplies that are filed on a quarterly basis by QRMP taxpayers or on a monthly basis by other taxpayers. All taxpayers (other than QRMP taxpayers) must file Form GSTR-1 every month on or before the 11th of the following month. QRMP taxpayers have to file quarterly Form GSTR-1 by the 13th of the month following the relevant quarter.

The Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme help small taxpayers whose turnover is less than Rs. 5 crores. The QRMP scheme allows taxpayers to file GSTR-3B on a quarterly basis and pay tax every month.