Quarterly return option available to registered persons below turnover threshold, requiring monthly tax payment and electronic opt-in change window. Notification appoints registered persons below the aggregate turnover threshold who opt for quarterly returns to file quarterly from January 2021 while paying tax monthly; eligibility requires that the preceding month's return was filed and the opted choice continues unless revised. Crossing the turnover threshold during a quarter disqualifies quarterly filing from the first month of the next quarter. Registrants who filed the prescribed return for October 2020 by the stated date are deemed to have selected the monthly or quarterly option per the Table, and may change this default electronically within the announced window.
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.
Quarterly return option available to registered persons below turnover threshold, requiring monthly tax payment and electronic opt-in change window.
Notification appoints registered persons below the aggregate turnover threshold who opt for quarterly returns to file quarterly from January 2021 while paying tax monthly; eligibility requires that the preceding month's return was filed and the opted choice continues unless revised. Crossing the turnover threshold during a quarter disqualifies quarterly filing from the first month of the next quarter. Registrants who filed the prescribed return for October 2020 by the stated date are deemed to have selected the monthly or quarterly option per the Table, and may change this default electronically within the announced window.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
