Those with an annual turnover of less than Rs 5 crore will have the option of filing quarterly returns, but will need to pay taxes on a monthly basis. Those with an annual turnover of over Rs 5 crore will need to file monthly returns.
Annual turnover limit to choose the option of filing quarterly GSTR 1 returns is 1.5 crore.
correct me, if I am wrong....
Note : I think Increase of limit from 1.5 crores to 5 crores is proposed for new system of GST return filing, which is suppose not to come now...old system will continue in future..