Taxpayers opting for quarterly filing of return will have to select the last month of the quarter from the drop down menu. However, for the month of July 2017, GSTR-1 has to be filed separately by all taxpayers, as option to file quarterly returns is applicable for returns from August 2017 onwards.
·
If a
taxpayer opts to file quarterly return, and their annual turnover is less than
Rs 1.5 Cr (on basis of their turnover in previous financial year or in case of
new registration obtained after 1st July 2017, expected turnover for current
financial year), then in such cases GSTR-1 of August, 2017 is disabled and he
can file details for August and September, 2017 in GSTR 1 of September,2017 and
so on.
·
Thus,
taxpayers who opt for quarterly return filing will have to file GSTR-1 of the
various tax periods in the following manner:
o
For July:
Monthly (by choosing July from drop down menu)
o
For 2nd
Quarter (August and Sept): Quarterly, by choosing Sept.
o
For 3rd
Quarter (Oct-Dec): Quarterly, by choosing December
·
Taxpayer
who has already filed GSTR 1 for July 2017, will not be able to revise the
same. However, amendment relating to invoices and other relevant document of
July 2017 can be made through amendment Table (Table 9).
·
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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