FREQUENCY OF GSTR-1 & GSTR-4

This discussion clarifies the filing frequency for GSTR-1 and GSTR-4. Generally, businesses with an annual turnover under Rs 5 crore can opt for quarterly GSTR-1 filings, though tax payments remain monthly. Those exceeding Rs 5 crore must file GSTR-1 monthly. GSTR-4 is an annual return for those under the composition scheme, with a turnover limit of Rs 1.5 crore for quarterly GSTR-1 filing under the old system.