Quarterly return option for eligible GST registrants enables quarterly filing with monthly tax payment under specified procedural conditions. The notification designates registered persons below an aggregate turnover threshold who opt under sub rule (1) of rule 61A to furnish quarterly returns while paying tax monthly under the provisos to section 39(1) and 39(7). Eligibility requires that the preceding month's return, as due on opting, be filed; an exercised option remains effective for future periods unless revised; crossing the turnover threshold during a quarter disqualifies quarterly filing from the first month of the succeeding quarter. A deemed option rule for certain filers and an electronic window to change the default option are also provided.
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Provisions expressly mentioned in the judgment/order text.
Quarterly return option for eligible GST registrants enables quarterly filing with monthly tax payment under specified procedural conditions.
The notification designates registered persons below an aggregate turnover threshold who opt under sub rule (1) of rule 61A to furnish quarterly returns while paying tax monthly under the provisos to section 39(1) and 39(7). Eligibility requires that the preceding month's return, as due on opting, be filed; an exercised option remains effective for future periods unless revised; crossing the turnover threshold during a quarter disqualifies quarterly filing from the first month of the succeeding quarter. A deemed option rule for certain filers and an electronic window to change the default option are also provided.
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