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      Question

      What is the primary purpose of GSTR-1 in the GST (Goods

      and Services Tax) system?
      A To report inward supplies of goods and services Correct Answer Incorrect Answer
      B To report details of all outward supplies of goods and services made Correct Answer Incorrect Answer
      C To calculate the total tax liability for a tax period Correct Answer Incorrect Answer
      D To request a refund of GST paid Correct Answer Incorrect Answer

      Solution

      GSTR-1 is the return to be furnished for reporting details of all outward supplies of goods and services made. In other words, it contains the invoices and debit-credit notes raised on the sales transactions for a tax period. GSTR-1 is to be filed by all normal taxpayers who are registered under GST.

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