Still filed GSTR1 under QRMP scheme but this year turnover cross Rs 2 Cr
This query is : Resolved
Quick Summary
VIKAS KUMAR SHARMA
(Querist)
12 April 2024
Sir
we are filing GSTR1 under QRMP scheme but this year(march 2024) turnover crossed Rs 2cr
should we need to change frequency of GSTR1 quarterly to Monthly????
or can remain same with QRMP scheme
regards
vikas
we are filing GSTR1 under QRMP scheme but this year(march 2024) turnover crossed Rs 2cr
should we need to change frequency of GSTR1 quarterly to Monthly????
or can remain same with QRMP scheme
regards
vikas
12 April 2024
Yes change to Monthly Periodicity
VIKAS KUMAR SHARMA
(Querist)
12 April 2024
Sir thanks for your prompt reply
below mentioned information available on SetIndia.com
Mandatory if aggregate annual turnover is more than Rs.5 crores VS Can be opted if the aggregate annual turnover is upto Rs. 5 crores
waiting for your precious opinion
below mentioned information available on SetIndia.com
Mandatory if aggregate annual turnover is more than Rs.5 crores VS Can be opted if the aggregate annual turnover is upto Rs. 5 crores
waiting for your precious opinion
12 April 2024
QRMP Scheme is for Turnover upto 5 Crores, so it is client's call to file Monthly or Quarterly
VIKAS KUMAR SHARMA
(Querist)
13 April 2024
Sir Thanks for your prompt reply every time
I just want to reconfirm IT'S OK IF WE CONTINUE WITH PREVIOUS SCHEME QUATERLY
actually we are not interested Monthly filing
waiting your precious advise
I just want to reconfirm IT'S OK IF WE CONTINUE WITH PREVIOUS SCHEME QUATERLY
actually we are not interested Monthly filing
waiting your precious advise
13 April 2024
Sure because in case if your liable, GST Portal would have selected Default Periodicity as Monthly and had not given you option for QRMP Scheme
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