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Gst return option wrongly selected

virendra barwar (entrepreneur) (21 Points)

02 June 2020

GST return option wrongly selected monthly. Then what about next process for quarterly return. Over turnover not excess 1.5 cr
Otherwise we full monthly return then any problem in future.
Please suggest right option

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5 Replies

yash (accountant) (519 Points)
Replied 02 June 2020

You can change the Quarterly return option in next financial year. For current year file return monthly

1 Like

CA Raj Doshi (Practising CA) (8723 Points)
Replied 02 June 2020

I agree with vishesh surana ji... please opt for monthly GSTR 1 in your best interests.

Account Bird (157 Points)
Replied 02 June 2020

If you had not filed any GST return in this current F.y., so you can amend the Gst filling option still. Otherwise you can change in next F.y.

1 Like

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 03 June 2020

Actually there is no problem in opting monthly return even though your turnover is below 1.5 crore . , yes the problem would have been arose when you are liable to opt for monthly but wrongly opted Qtly .

Note : Now in next FY you will allow to opt for Qtly

Shivam RC (Student) (23683 Points)
Replied 03 June 2020

This is a problem with the GSTN Network. You can only change your Return filing Option ( i e. Quarterly or Monthly ) on the beginning of the Financial Year.

So you have to continue with "Monthly Return" for this Financial Year.

1 Like