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Gst return option wrongly selected


virendra barwar (entrepreneur)     02 June 2020

virendra barwar
entrepreneur 
 21 points

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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

avater

Vishesh Surana   02 June 2020

Vishesh Surana

 360 likes  5652 points

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You should infact opt for monthly return due to rule 36(4)

2 Like
avater

yash (accountant)     02 June 2020

yash
accountant 
 31 likes  491 points

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

1 Like
avater

Raj C Doshi (Practising CA)     02 June 2020

Raj C Doshi
Practising CA 
 242 likes  3466 points

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

avater

Vishesh Surana   02 June 2020

Vishesh Surana

 360 likes  5652 points

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Yes, because now days even dealers wants to buy from the SUPPLIER who file their Gstr 1 monthly

Account Bird   02 June 2020

Account Bird

 6 likes  108 points

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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
avater

Pankaj Rawat (GST Practitioner)     03 June 2020

Pankaj Rawat
GST Practitioner 
 3475 likes  47128 points

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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

avater

Shivam RC (Student)     03 June 2020

Shivam RC
Student 
 2514 likes  19737 points

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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.

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