Those who have opted for filing gst quarterly, will they have to file 3B monthly and GSTR-1 quarterly.
On GST dashboard, returns are coming as 1 for quarterly and 3B monthly.
Yes Sir...
Quarterly Returns means that FORM GSTR-1 ( Statement of Outward Supplies ) will be filed quarterly and the Summary Return in FORM GSTR-3B will be filed monthly. As of now there is no option to file GSTR-3B quarterly. It has to be filed every month since the taxes are deposited along it.
But w.e.f. 01/01/2021, the GST Council in its 42nd Meeting held on 05th October 2020 has decided that the Small Taxpayers ( Aggregate Turnover less than Rs. 5 crores ) will be given the option to file Returns quarterly and pay the taxes monthly via Challan.
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