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Turnover exceeding 1.5 crore in current year and GST return is filing on quarterly basis

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Sandeep Kumar

Article

41 Points Posted on 22 October 2020

My turnover in FY 2018-19 was below 1.5 crore, therefore I have selected quarterly return filing option in FY 2019-20. But in the mid of FY 2019-20 the turnover exceeding 1.5 crore. Can I have to file monthly return for remaining period or I have to change the option in next FY.

Replies (3)

Quick Summary

If your business turnover surpassed 1.5 crore during FY 2019-20, and you initially opted for quarterly GST returns, you cannot switch to monthly filings mid-year. You must continue with quarterly returns for the remainder of FY 2019-20. The option to change your filing frequency to monthly can only be made at the start of the next financial year, from April 1st, 2021.

prasad Nilugal

GST Practitioner & Accounts

15152 Points Posted on 22 October 2020

This is F.Y 20-21 and you can not opt for monthly in between the F.Y , you have wait up to 1/4/2021 to change return filing option . please confirm from GSTN portal contact section .