Quarterly GST return option allows eligible small taxpayers to file quarterly returns while paying tax monthly under conditions. Notification permits registered persons (excluding those under IGST section 14) with aggregate turnover up to five crore who opted under rule 61A to furnish returns quarterly from January 2021 while paying tax monthly, subject to the condition that the return for the preceding month due on the date of option has been furnished and that the option, once exercised, continues unless revised. It also sets out loss of eligibility on crossing the turnover threshold during a quarter, deemed options for certain October 2020 filers, and 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 GST return option allows eligible small taxpayers to file quarterly returns while paying tax monthly under conditions.
Notification permits registered persons (excluding those under IGST section 14) with aggregate turnover up to five crore who opted under rule 61A to furnish returns quarterly from January 2021 while paying tax monthly, subject to the condition that the return for the preceding month due on the date of option has been furnished and that the option, once exercised, continues unless revised. It also sets out loss of eligibility on crossing the turnover threshold during a quarter, deemed options for certain October 2020 filers, and an electronic window to change the default option.
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