Hi Sir
one my client mistakenly opted for monthly basis as his turnover is below 1.5 can u plz help me in this regard.
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Gstr 1 quaterly
| Originally posted by : Mahesh | ||
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Hi Sir one my client mistakenly opted for monthly basis as his turnover is below 1.5 can u plz help me in this regard. |
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There is no need to worry about it. Since reality is that, you can not change it because there is no such option available. But yes if u are liable for Qtrly and you have mistakenly opted for Monthly then it's fine there will be no issues. You can change in 2018-19
| Originally posted by : Parva Joshi | ||
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Accidentally chose monthly for quarterly eligible returns. Will I be penalized if not filed monthly till March? |
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No way. This is just an assumption based selection that you think your t/o will or will not exceed 1.5cr. So incase your T/o exceeds and u have opted for Qtrly then too it's fine.
Please note that this can be changed only from April 18. At that time u have to be sure.
now a days there is a edit option given o nGST portal where you can change the month prerioty from Quartly to Monthly
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