confusion on tax payment

[vikram bindra]

If the turnover is less than 1.5 crores, in my case much less than it, do i have to pay gst on quarterly basis or monthly basis , some say that one has to pay tax monthly but return can be filed quarterly. kindly respond as this question needs to be cleared

an early response is appriciated

warm rgds

[PAWAN KUMAR]

Dear Sir,

Tax to be paid on quarterly basis and return also.

[KASTURI SETHI]

Small Scale Supplier is also to file monthly GSTR 3 B till issuance of Notification to dispense with the same. So this return cannot be filed with out debit of GST from Electronic Cash Ledger. Hence payment monthly required before 20 th of the following month. This is my view.

[vikram bindra]

Thanks Pawan Ji and Kasturi Ji for your prompt reply, but replies by both are opposite,

Kindly clarify again, replies by others appriciated

warm rgds

[ANITA BHADRA]

Dear Sir

As per the recommendations of the GST Council made at its 23rd meeting held at Guwahati on 10th December, 2017,

Every registered person, irrespective of turnover, needs to pay tax and file GSTR-3B for the months of July to December, by the 20th day of the succeeding month.

Every registered person with turnover less than ₹ 1.5 crores can start filing GSTR-1, 2 and 3 on a quarterly basis starting from the quarter October-December, 2017. He shall have to file monthly GS’I’R-1, 2 and 3 for the months of July, August and September..

Regards

[KASTURI SETHI]

For GSTR 3 B date has been further extended up to March, 18. So payment of GST has to be made monthly till March 18. I think after intervention of expert, Ms.Anita Bhadra, the Querist must be convinced now.

[PAWAN KUMAR]

Dear Sir,

All the taxpayer would file the GSTR-3B till March'2018 and pay tax by 20th of succeeding month. This will be done on monthly basis. However for filing only GSTR-1, there are two category :

1.Tax payer up to turn over of 1.5 Cr. - Return GSTR-1 to file on quarterly basis starting from July to Sept 2017 quarter. If the GSTR-1 of July'2017 has been filed, They need to file information by clubbing August 2017 & Sept 2017. The due date is 31.12.2017.

2.Tax payer above turn over of 1.5 Cr. - Return GSTR-1 file on monthly basis. For monthly option due date is 31.12.2017 for GSTR-1 for the month of July to Oct 2017.

[CSSANJAY MALHOTRA]

Notification No. 57/2017 CGST dated 15.11.2017 provides for submission of quarterly GSTR 1 Returns for Person having turnover < ₹ 1.50 Cr.

GSTR-1 for the Qtr ending July-Sep"17 is to be submitted by Dec 31, 2017. Same shall be shortly available at GST Portal.

If a person has not submitted GSTR-1 for July'17, then he can file Qtrly return for July-Sep'17.

If GSTR-1 for the month of July'17 has been filed, then he can submit data for the month of Aug-Sep'17 in the qtrly return format.

AI Summary

GST payment and monthly GSTR 3B filing required for all registered persons; small taxpayers may opt for quarterly GSTR 1 filings. Registered persons must pay GST and file GSTR 3B monthly during the transitional period. Taxpayers below the notified turnover threshold may file GSTR 1 quarterly under the relevant notification and transitional rules; months already filed monthly may be combined with the remaining months in the quarter for the quarterly return submission.