Quarterly return option permits eligible small taxpayers to file quarterly returns while paying tax monthly, with deemed options available. Notification designates registered persons with aggregate turnover up to the specified threshold as eligible to furnish returns quarterly while paying tax monthly, subject to conditions: the preceding month's return must have been filed when opting and the option, once exercised, continues unless revised. A taxpayer whose turnover exceeds the threshold during a quarter loses eligibility for quarterly filing from the first month of the succeeding quarter. A deemed-option applies to certain taxpayers based on prior return behavior, with an electronic window to change the default option.
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 permits eligible small taxpayers to file quarterly returns while paying tax monthly, with deemed options available.
Notification designates registered persons with aggregate turnover up to the specified threshold as eligible to furnish returns quarterly while paying tax monthly, subject to conditions: the preceding month's return must have been filed when opting and the option, once exercised, continues unless revised. A taxpayer whose turnover exceeds the threshold during a quarter loses eligibility for quarterly filing from the first month of the succeeding quarter. A deemed-option applies to certain taxpayers based on prior return behavior, with an electronic window to change the default option.
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