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Quarterly Filing

15 October 2017

When does the quarterly filing come into effect?

For that do we have to go into composition scheme?

Or its automatically applicable to persons below Turnover of 1Cr?

Thanks!

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12 Replies

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 15 October 2017

quarterly turnover option is from Oct to Dec 2018 for below 1.5cr person who is in regular. for below 1cr you have to opt for composition it's not automatically

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Mohammed Goryawala (727 Points)
Replied 15 October 2017

Wasn't it Oct - Dec 2017?
Please clarify.

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 15 October 2017

means

Mohammed Goryawala (727 Points)
Replied 15 October 2017

I meant that earlier the quarterly filing was from October - December 2017. Isn't that correct? Or is it Oct - Dec 2018

I am confused.

Or do we have to file normal monthly returns till then?

M Agarwal (Consultant) (228 Points)
Replied 15 October 2017

It is for 2017. Mr. Mundra must have written 2018 by mistake.

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Mohammed Goryawala (727 Points)
Replied 15 October 2017

@ M Agarwal okay sir... So how to go about quarterly filing??

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 15 October 2017

yes by mistake sorry

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 15 October 2017

from July to September monthly return after September go for quarterly return if your turnover is below 1.5 cr

M Agarwal (Consultant) (228 Points)
Replied 15 October 2017

Mr Mundra: Client registered showing start of business as April 17, but has turnover last year. If he writes 0 in the GSTR1, do you think it would be a problem? Can't write more than 0 as technically business started April17. ITR has actual turnover.

M Agarwal (Consultant) (228 Points)
Replied 15 October 2017

Mr. Goryawala: Just fill returns till September for now. Relevant information will be released by the govt before Deadline of quarter Oct-Dec. Maybe forms/options will be available on gst.gov soon.