Quarterly return option: registered persons may file quarterly returns while remitting tax monthly, subject to eligibility and conditions. Notification designates registered persons below a turnover threshold who opted under the relevant rule to furnish quarterly returns and pay tax monthly, subject to conditions: the preceding month's return must be filed when opting; the option remains in force unless revised; exceeding the turnover threshold during a quarter ends eligibility from the first month of the next quarter. The notification sets out deemed default options based on prior filing frequency and permits electronic amendment of the selection within a specified portal period. The notification has the stated effective date.
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: registered persons may file quarterly returns while remitting tax monthly, subject to eligibility and conditions.
Notification designates registered persons below a turnover threshold who opted under the relevant rule to furnish quarterly returns and pay tax monthly, subject to conditions: the preceding month's return must be filed when opting; the option remains in force unless revised; exceeding the turnover threshold during a quarter ends eligibility from the first month of the next quarter. The notification sets out deemed default options based on prior filing frequency and permits electronic amendment of the selection within a specified portal period. The notification has the stated effective date.
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 
