Return filing and payment frequency: composition taxpayers may file annual returns and opt for quarterly tax payments under new system. Amendment revises return filing and tax payment rules so most registered persons must furnish electronic monthly returns of supplies, input tax credit and tax particulars in the prescribed form, while the Government may notify classes to file quarterly; composition taxpayers must furnish an annual electronic return reporting turnover and tax particulars. Payment timings are aligned to return periodicity: monthly filers pay by the return due date, notified quarterly filers pay as prescribed, and composition taxpayers pay for quarters in the prescribed manner and time.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Return filing and payment frequency: composition taxpayers may file annual returns and opt for quarterly tax payments under new system.
Amendment revises return filing and tax payment rules so most registered persons must furnish electronic monthly returns of supplies, input tax credit and tax particulars in the prescribed form, while the Government may notify classes to file quarterly; composition taxpayers must furnish an annual electronic return reporting turnover and tax particulars. Payment timings are aligned to return periodicity: monthly filers pay by the return due date, notified quarterly filers pay as prescribed, and composition taxpayers pay for quarters in the prescribed manner and time.
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