Turnover-based return frequency: quarterly filers must pay tax monthly, meet prior return condition, and may revise option within the portal window. Notifies that registered persons with aggregate turnover up to five crore rupees who opt under rule 61A to furnish quarterly returns shall, from January 2021, file quarterly returns and pay tax monthly under the proviso to section 39(7), provided the preceding month's return due on the date of option has been furnished and the option, once exercised, continues for future tax periods unless revised. Crossing the turnover threshold during a quarter ends eligibility from the first month of the succeeding quarter.
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.
Turnover-based return frequency: quarterly filers must pay tax monthly, meet prior return condition, and may revise option within the portal window.
Notifies that registered persons with aggregate turnover up to five crore rupees who opt under rule 61A to furnish quarterly returns shall, from January 2021, file quarterly returns and pay tax monthly under the proviso to section 39(7), provided the preceding month's return due on the date of option has been furnished and the option, once exercised, continues for future tax periods unless revised. Crossing the turnover threshold during a quarter ends eligibility from the first month of the succeeding quarter.
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