By mistake We have wrongly opted for quarterly filing of GSTR 1 how to rectify it, then
will there be any problems or any penalty , plz suggest
4 Replies
Mohammed Goryawala
(727 Points)
Replied 11 January 2018
I don't think there will be penalty, but for rectification you'll have to wait for a year I think...
Rekha Sai Teja
(Working also)
(406 Points)
Replied 12 January 2018
Quarterly return means you could have applied for Composition scheme. You can cancel that in the same financial year by Applying for cancellation for that,
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 12 January 2018
I agreed to Mr Mohammed Goryawala...
Once opted then no way for changes in the FY. You ll wait and change in next FY...
No more clarification about choose the filing option. As per my view no more restriction for the filling option if we are opt wrongly...
But, We must rectify in next FY...
Once opted then no way for changes in the FY. You ll wait and change in next FY...
No more clarification about choose the filing option. As per my view no more restriction for the filling option if we are opt wrongly...
But, We must rectify in next FY...
Mondira Saha
(GST)
(3925 Points)
Replied 12 January 2018
we sure that there is no penalty on these type of comman mistakes like quaterly/monthly option, gstr 1 documents ,HSN this financial year (17-18)
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