Change Quarterly and monthly return option

Once taxpayer has chosen the option "Quarterly", they cannot change this option in the remaining part of the financial year 2017-18. Thus, they will be required to file Quarterly returns and they cannot opt for Monthly filing of returns during current financial year

Once taxpayer has chosen the option "Quarterly", they cannot change this option in the remaining part of the financial year 2017-18. Thus, they will be required to file Quarterly returns and they cannot opt for Monthly filing of returns during current financial year

What If the assessee has selected 'monthly returns' voluntarily , where his trnover is not more than INR 1.5 Crores in previous year.

He can convert to quarterly, right?

No, once Assessee selected For monthly return, he cant change for Quarterly during the financial yer 17-18.

Hi,

Then by mistake we have selected monthly return even if our turnover will not exceed 1.5 crore then will there be any problem?

Sir,

By mistake we have selected monthly return even if our turnover will not exceed 1.5 crore then will there be any problem?

my client's firm turn over alread exceed 1.5 cr, and by mistake i selected Quaterly Option,

Now, is that possible to change?

any penalty ?

What If the assessee has selected 'monthly returns' voluntarily , where his turnover is not more than INR 1.5 Crores in previous and current year . what he should do?

 

Originally posted by : Amit Jha
	What If the assessee has selected 'monthly returns' voluntarily , where his turnover is not more than INR 1.5 Crores in previous and current year . what he should do?

If you have selected "monthly returns" , you cannot change back to "quaterly returns" in this particual Financial year. Though you can write to the GST Helpdesk or contact your jurisdictional officer and they might be able to help you more in this regard.

Hi,

For legal implication, you can talk at 1800-1200-232.