Quarterly return option for small taxpayers enables quarterly filing with monthly tax payment, subject to turnover limits. Notification designates registered persons (excluding certain integrated tax persons) with aggregate turnover up to five crore rupees who opt to furnish quarterly returns and pay tax monthly. Eligibility requires the preceding month's return to have been filed; the option, once exercised, continues unless revised. Crossing the five crore turnover threshold during a quarter removes eligibility for quarterly filing from the first month of the next quarter. Deemed options based on October 2020 GSTR-1 filings assign quarterly or monthly filing defaults, and taxpayers could change the default electronically between 5 December 2020 and 31 January 2021.
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 for small taxpayers enables quarterly filing with monthly tax payment, subject to turnover limits.
Notification designates registered persons (excluding certain integrated tax persons) with aggregate turnover up to five crore rupees who opt to furnish quarterly returns and pay tax monthly. Eligibility requires the preceding month's return to have been filed; the option, once exercised, continues unless revised. Crossing the five crore turnover threshold during a quarter removes eligibility for quarterly filing from the first month of the next quarter. Deemed options based on October 2020 GSTR-1 filings assign quarterly or monthly filing defaults, and taxpayers could change the default electronically between 5 December 2020 and 31 January 2021.
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