"All taxpayers are required to file GSTR-1 only after the end of the tax period." Examine the validity of the statement.
CA Intermediate · Taxation · MTP · January 2025
"All taxpayers are required to file GSTR-1 only after the end of the tax period." Examine the validity of the statement.
Suggested Answer and Working Notes:
In accordance with section 37 (1) of CGST Act, 2017, GSTR-1 for a particular tax period is filed on or before the 10 th day of the immediately succeeding tax period. In other words, GSTR-1 of a month/quarter can be filed any time between 1 st and 10 th day of the succeeding month/quarter. The due date of filing GSTR-1 may be extended by the Commissioner/ Commissioner of State GST/ Commissioner of UTGST for a class of taxable persons by way of a notification. So, the statement is partially valid. A taxpayer cannot file Form GSTR-1 before the end of the current tax period. However, following are the exceptions to this rule: a. Casual taxpayers, after the closure of their business. b. Cancellation of GSTIN of a normal taxpayer. A taxpayer who has applied for cancellation of registration will be allowed to file Form GSTR-1 after confirming receipt of the application.
Topics: Paper 3A: Income Tax Laws, Paper 3B: Goods and Services Tax
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