GSTR-1 of July Month Reopened (not for all)

By | 20th November 2017

Filing of GSTR-1 has been reopened for the month of July 2017. Below mentioned notice appeared today on the GST portal regarding reopening of GSTR-1 of the month of July 2017:

GSTR1 for July 2017 has been reopened for filing again. Those who missed filing GSTR-1, may file it now.

Screenshot of the notice is provided below:

GSTR-1 of July Month Reopened

 

Relevant details are provided below for ready reference to understand the relevance of the notice.

In its 23rd meeting, GST Council has decided to require taxpayers to file GSTR-1 either monthly or quarterly depending upon the category of taxpayer. Decision regarding the same is provided below for reference.

Taxpayers would be divided into two categories for filing GSTR-1 as mentioned below:

  • Taxpayers having annual turnover of upto INR 1.50 Crores need to file GSTR-1 on quarterly basis:

The same has been notified via below mentioned notification:

Notification 57/2017 – Quarterly furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of upto Rs.1.5 crore

  • Taxpayers having annual turnover of more than INR 1.50 Crores need to file GSTR-1 on monthly basis:

The same has been notified via below mentioned notification:

Notification 58/2017 – Extension of due dates for the furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs.1.5 crores

Relevant wordings of both the relevant notifications are provided below:

Notification 57/2017 (Taxpayers having turnover of upto INR 1.50 Crores):

Notification 58/2017 (Taxpayers having turnover of above INR 1.50 Crores):

Form the above reference, it seems that reopening of GSTR-1 for the month of July is only for those taxpayers having aggregate turnover of above INR 1.50 Crores as they need to file GSTR-1 on monthly basis (even for the month of July too).

Those taxpayers having aggregate turnover of upto INR 1.50 Crores may ignore the notice as they are asked to file quarterly return (even for the month of July)

P.S. – Clarification is required if taxpayers having aggregate turnover of upto INR 1.50 Crores too need to file GSTR-1 for July month as per the reopening notice appeared on GST portal.

Category: GST

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