Convert GST frequency quarterly to monthly

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if auto selected system quarterly but turnover more than 5 crores in current month i.e April 23 what is process monthly frequency please guide me.
Replies (3)
Once selected Qtly cannot be opt Monthly now .
From July onward can file Monthly
Convert gst frequency quarterly to monthly.

QRMP scheme is only applicable for taxpayers with a turnover of less than INR 5 crores. If a QRMP taxpayer crosses the turnover limit, they can no longer opt for the QRMP schemed from the next quarter, and need to opt out of the QRMP scheme by the 30th/31st of the last month before the new quarter. In your case, since you have crossed INR 5cr in April 23, for April, May and June, (Quarter -1) you will have to continue filing as QRMP taxpayer, however, from July onwards, you will have to file GST as a normal taxpayer, i.e have to file GSTR-1 and GSTR-3B on a monthly basis.

Additionally, you have to opt out of QRMP scheme by the 30th of June. To opt-out, you have to follow the following steps: Login to the GST portal using your valid credentials and then navigate to Services > Returns > Opt-in for Quarterly Return option to opt in or opt out of the QRMP scheme. For more queries you can reach out to us at LegalWiz.in.


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