one party has wrongly opted for monthly filling of GSTR 1 instead of quarterly filling of GSTR 1. Can now he can opt quarterly filling or he has to wait till year end.
Replies (7)
Quick Summary
This discussion addresses a common query regarding GSTR 1 filing periods. A party mistakenly opted for monthly filing instead of quarterly and sought to change it. The consensus is that once an option is chosen for a financial year, it cannot be changed until the start of the next financial year, meaning they must continue with monthly filings for the current period.
Option once opted cannot be changed for that particular Financial Year. You can change it only in the beginning of the FY. So you need to file Monthly GSTR-1 for FY 2020-21.