TMI BlogGST – Frequently Asked QuestionX X X X Extracts X X X X X X X X Extracts X X X X ..... GST – Frequently Asked Question - Goods and Services Tax - GST Dated:- 31-10-2017 - News - 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 J ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uly, 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 mont ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hly 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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