Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Punjab GST: Small Businesses Can File Quarterly Returns from Jan 2021; Conditions Apply for Turnovers Over Rs. 5 Crore.</h1> The Government of Punjab, under the Punjab Goods and Services Tax Act, 2017, has issued a notification allowing registered persons with an aggregate turnover of up to five crore rupees in the preceding financial year to opt for quarterly return filing starting January 2021. These individuals must pay taxes monthly and meet certain conditions, such as having filed the previous month's return. If a registered person's turnover exceeds five crore rupees during a quarter, they must switch to monthly returns from the next quarter. Registered persons can change their filing preference electronically between December 5, 2020, and January 31, 2021.