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Return filing frequency

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Sujit Saha

243 Points Posted on 04 June 2020

If someone has turnover more than 1.5cr in the previous financial year, but expecting the turnover, to be less than 1.5cr in current financial year, than what would be the return (GSTR 1) filing frequency. can he opt for quarterly filing option. looking forward to your valuable suggestions.

Replies (3)

Quick Summary

This discussion clarifies the GSTR 1 filing frequency for businesses with a previous financial year turnover exceeding ₹1.5 crore, even if current year turnover is expected to be lower. Based on GST regulations, if your aggregate turnover in the previous or current financial year is above ₹1.5 crore, you are required to file GSTR 1 on a monthly basis. Therefore, opting for quarterly filing is not permissible in this scenario.

Nivesh tater

Tax Executive at Mazars India Bangalore

205 Points Posted on 04 June 2020

While refering Circular 26/26/2017-GST, the frequency of filing GSTR-1 monthly, where person having aggregate turnover in the previous FY or current FY above 1.5Cr. Monthly would be applicable in your case. Do follow @ gstgist for regular updates and amendments on Instagram.