GST liability
Mahesh Humane (18 Points)
04 November 2017
If turnover is less than 1 Cr have to pay Tax monthly or quarterly.
Mahesh Humane (18 Points)
04 November 2017
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 04 November 2017
Tax payment has to be made monthly whatever the turnover be through the GSTR 3B.
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3284 Points)
Replied 04 November 2017
you will have to pay the tax on monthly basis.
Suvendu
(Accounts)
(429 Points)
Replied 04 November 2017
To facilitate the ease of payment and return filing for small and medium businesses with annual aggregate turnover up to Rs. 1.5 crores, it has been decided that such taxpayers shall be required to file quarterly returns in FORM GSTR-1,2 & 3 and pay taxes only on a quarterly basis, starting from the third quarter of this financial year i.e. October-December, 2017.
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