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
Replies (5)
Quick Summary
If you've mistakenly selected a monthly GST return option when you intended to file quarterly, don't worry. Generally, you can only change your return filing frequency at the start of a new financial year. For the current financial year, you'll likely need to continue filing monthly, even if your turnover is below the threshold for mandatory monthly filing. The option to switch to quarterly returns will be available next financial year.
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
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.
Leave a Reply
Your are not logged in . Please login to post replies