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<h1>Bihar GST Update: Quarterly Returns for Businesses with Turnover Up to Rs. 5 Crore; Monthly Tax Payments Required.</h1> The notification dated December 11, 2020, issued by the Commercial Tax Department of Bihar under the Bihar Goods and Services Tax Act, 2017, specifies that registered persons with an aggregate turnover of up to five crore rupees in the preceding financial year, who opt to file quarterly returns, must do so from January 2021 onwards. They are required to pay taxes monthly. If a registered person's turnover exceeds five crore rupees during a quarter, they must switch to monthly returns from the next quarter. The notification also outlines the deemed options for different classes of registered persons based on their turnover and return filing history, with an option to change the default return filing frequency electronically by January 31, 2021.