QTLY. MODE OF GSTR-1 BELOW 1.50 CRORE

[Deepak Garg]

SIR

PLEASE LET ME KNOW WEATHER FACILITY OF QTLY. GSTR-1 HAVE BEEN INTRODUCED OR NOT.

2. WE HAVE ALREADY FILED GSTR-1 FOR THE MONTH OF JULY. SHOULD WE NOW HAVE TO FILE GSTR-1 FOR THE MONTH OF AUG AND SEP 2017 ON OR BEFORE 31.12.2017 OR ALTERNATIVELY QTLY. RETURN FOR THE MONTH OF JULY TO SEP. IN THE SAID SITUATION WHAT WILL BE THE FATE OF RETURN FILED FOR THE MONTH OF JULY.

[KASTURI SETHI]

File Quarterly return for the period from July, 17 to September, 17. Return filed for July, 17 will not create problem provided that figures must match. There should be no mismatch for July figures in Quarterly return.

[Avatar Kumar]

Revised Due date for filing GSTR-1 is 31st December 2017 for quarterly period (July-September).

Due date for GSTR-1 will be dependent on annual turnover of the business.

Annual turnover will be dependent on less than ₹ 1.5 crore and more than ₹ 1.5 crore.

AI Summary

Quarterly GSTR-1 filing allowed for eligible small taxpayers; ensure July figures reconcile and meet the revised deadline. Quarterly filing is permissible for GSTR-1 for the July-September period for taxpayers meeting the small taxpayer turnover threshold. A previously filed July GSTR-1 is acceptable provided the figures reconcile exactly with the quarterly return. A revised due date applies to the quarterly filing and eligibility and timeline depend on the taxpayer's annual turnover relative to the prescribed threshold.