I was trying to solve the exact same problem that was discussed in this question: Tautological vector bundle over $G_1(\mathbb{R^2})$ isomorphic to the Möbius bundle
I came up with the step to identify one-dimensional projective space with the one-sphere by myself, but that didn't make it any clearer. Even when I draw a picture I cannot see how an element of the tautological bundle should "twist around" the one-sphere (I seem to end up with the trivial bundle), let alone can I write down an explicit bundle isomorphism. Can anyone make the identifications when one passes from projective space to the circle clear? It seems that my problem lies there.