Q.  From when can a person with turnover  below ₹ 1.5 crores start filing quarterly returns?

Ans. Such a person 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 GSTR-1, 2 and 3 for the months of July, August and September.

Q.  If my turnover is less than ₹ 1.5 crore, do I need to file GSTR-3B on a monthly basis?

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

Q.  If my turnover is less than ₹ 1.5 crore, do I need to file GSTR-1, 2 and 3 on a monthly basis for the months of July, August and September?

Ans.  Every registered person, irrespective of turnover, needs to file GSTR-1, 2 and 3 for the months of July, August and September. From October onwards, only taxpayers with turnover greater than ₹ 1.5 crore need to file monthly GSTR-1, 2 and 3.

Q.  If I am required to file monthly returns  then how will I claim ITC on purchases made from a person filing quarterly returns?

Ans.  In such a case, you shall avail monthly ITC on self-declaration basis. You will have to enter the details of the invoices of purchases from a quarterly filer in your monthly GSTR-2.  These details will be reconciled with the GSTR-1 filed by your supplier at the end of the quarter.

Q.  I have finished filing GSTR-1 for July.  Can I start uploading invoices for August and September?

Ans.  Yes, you can start uploading invoices for supplies made during August and September. The due dates for filing GSTR-1, 2 and 3 for these months will be notified in due course.

Quarterly filing eligibility for GST enables lower-turnover taxpayers to file quarterly returns while preserving monthly ITC reconciliation obligations. Eligibility for quarterly filing under the goods and services tax regime is limited to registered persons below the specified turnover threshold, allowing quarterly GSTR-1, GSTR-2 and GSTR-3 from the October-December quarter of 2017 while requiring monthly returns for July-September. All registered persons must file GSTR-3B for July-December by the twentieth day of the succeeding month. Purchasers filing monthly returns but sourcing from quarterly suppliers may claim input tax credit on a monthly self-declaration basis via GSTR-2 entries, to be reconciled with the supplier's quarterly GSTR-1.