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Gstr 1 for the f.y.2020-21
if company have two branches and turnover in both branches below 1.5cr and overall is more than 2cr in f.y.19-20. than we have to opt Gstr1 monthly or quarterly?
Replies (3)
Quick Summary
Hi, Taxpayers with an annual aggregate turnover up to Rs 1.5 crore in the previous financial year or anticipated in the current financial year can avail themselves of the option of filing quarterly returns. Here in this case aggregate turnover exceeded the limit. So you have to opt for monthly GSTR 1.
Turnover on PAN basis has to be considered while exercising the option to file Gstr-1 quarterly or monthly.
Options is you're
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