Quarterly return option allowed for eligible small taxpayers who opt, with monthly tax payment and conditions. Notification permits registered persons below a specified aggregate turnover who have opted for quarterly returns to continue quarterly filing while paying tax monthly, subject to filing the preceding month's return as due and continuation of the option unless revised. Crossing the turnover ceiling in a quarter disqualifies a person from quarterly filing from the first month of the next quarter. The notification also deems an option for certain taxpayers based on past return frequency, allows electronic change of that option on the common portal within a specified window, and specifies an effective retrospective commencement 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 allowed for eligible small taxpayers who opt, with monthly tax payment and conditions.
Notification permits registered persons below a specified aggregate turnover who have opted for quarterly returns to continue quarterly filing while paying tax monthly, subject to filing the preceding month's return as due and continuation of the option unless revised. Crossing the turnover ceiling in a quarter disqualifies a person from quarterly filing from the first month of the next quarter. The notification also deems an option for certain taxpayers based on past return frequency, allows electronic change of that option on the common portal within a specified window, and specifies an effective retrospective commencement date.
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