Quarterly return option for eligible small taxpayers allows continued quarterly filing with monthly tax payment and limited revision window. Notification permits registered persons below a specified aggregate turnover threshold who opted under rule 61A(1) to furnish quarterly returns from January 2021, subject to the condition that the return for the preceding month was furnished when exercising the option and that the option, once exercised, remains effective unless revised. Eligibility ceases if aggregate turnover crosses the threshold during a quarter, effective from the following quarter's first month. Deemed options for October 2020 filers were set out and an electronic window on the common portal allowed changing the default option within a prescribed period.
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 eligible small taxpayers allows continued quarterly filing with monthly tax payment and limited revision window.
Notification permits registered persons below a specified aggregate turnover threshold who opted under rule 61A(1) to furnish quarterly returns from January 2021, subject to the condition that the return for the preceding month was furnished when exercising the option and that the option, once exercised, remains effective unless revised. Eligibility ceases if aggregate turnover crosses the threshold during a quarter, effective from the following quarter's first month. Deemed options for October 2020 filers were set out and an electronic window on the common portal allowed changing the default option within a prescribed period.
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