CHRISTAS HERWIN 09 December 2019
I have started a business .. expected turnover is not more than one lakh rs per month..do I have to file gstr1 everymonth ? or quarterly?
if I am filing on quarterly basis, should I file gstr3b also quarterly ? and liabilities also quarterly?
if I want to file monthly can I do it ?
and I have changed the filing period from quarterly to monthly and monthly to quarterly again ... can I change it to monthly again... this is my first filing, I have not filed any returns..
SOWJANYA M 09 December 2019
If the agrregate turnover is below 1.5cr the registrant can opt filing quarterly gstr1 returns
but u have to pay the tax liability to the government monthly only. gstr3B must be filed monthly on or before 20th of every month
Shivam RC (Student) 09 December 2019
The Government has given option to file FORM GSTR-1 "QUARTERLY" to small Taxpayers whose Aggregate Turnover does not exceeds Rs. 1.5 crore. However GST Return in FORM GSTR-3B will be Monthly irrespective of any turnover limit.
GSTR-3B have to be filed every month within 20th of the following month ( for e.g. November GSTR-3B within 20.12.2019 ).
As far as changing of option is concerned , you can change it only at the beginning of the new FY.
Note : Filing Returns and Statements under GST Regime is "mandatory". Even if no business transaction has been held in a particular month, then you have to file NIL RETURN for that particular period.
Pankaj Rawat (GST Practitioner) 11 December 2019
As per Notification 45/2019 CT :
Whose aggregate turnover is below 1.5 crore is required to file Qtly GSTR 1.
As per Notification 46/2019 CT
Whose turnover is above 1.5 crore is required to file GSTR 1 monthly.
And GSTR 3B need to file by every taxpayer On monthly basis