GST – Frequently Asked Question

Q.  From when can a person with turnover  below ₹ 1.5 crores start filing quarterly returns?

Ans. Such a person can start filing GSTR-1, 2 and 3 on a quarterly basis starting from the quarter October-December, 2017. He shall have to file monthly GSTR-1, 2 and 3 for the months of July, August and September.

Q.  If my turnover is less than ₹ 1.5 crore, do I need to file GSTR-3B on a monthly basis?

Ans. Every registered person, irrespective of turnover, needs to file GSTR-3B for the months of July to December, by the 20th day of the succeeding month.

Q.  If my turnover is less than ₹ 1.5 crore, do I need to file GSTR-1, 2 and 3 on a monthly basis for the months of July, August and September?

Ans.  Every registered person, irrespective of turnover, needs to file GSTR-1, 2 and 3 for the months of July, August and September. From October onwards, only taxpayers with turnover greater than ₹ 1.5 crore need to file monthly GSTR-1, 2 and 3.

Q.  If I am required to file monthly returns  then how will I claim ITC on purchases made from a person filing quarterly returns?

Ans.  In such a case, you shall avail monthly ITC on self-declaration basis. You will have to enter the details of the invoices of purchases from a quarterly filer in your monthly GSTR-2.  These details will be reconciled with the GSTR-1 filed by your supplier at the end of the quarter.

Q.  I have finished filing GSTR-1 for July.  Can I start uploading invoices for August and September?

Ans.  Yes, you can start uploading invoices for supplies made during August and September. The due dates for filing GSTR-1, 2 and 3 for these months will be notified in due course.