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Change Quarterly and monthly return option

Pankaj Saini (5 Points)

21 December 2017

How to change quarterly and monthly option after select on portal first time ??

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10 Replies

CA Mayur Todmal (Practicing CA) (7756 Points)
Replied 21 December 2017

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

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CA Mayur Todmal (Practicing CA) (7756 Points)
Replied 21 December 2017

Baljeet Singh (CA, B.Com (H)) (954 Points)
Replied 21 December 2017

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?

gourav arora (Practice) (59 Points)
Replied 21 December 2017

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

Nikhil Agarwal (2 Points)
Replied 23 December 2017

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?

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rofiqur (Accountant) (22 Points)
Replied 29 December 2017

Sir,

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

Hitesh Laghnoja (Adovcate) (12 Points)
Replied 06 January 2018

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 ?

Amit Jha (2 Points)
Replied 06 January 2018

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?

Kartikey Jain (Intern) (2382 Points)
Replied 05 July 2018

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.