GST Return & Payment

    Posted By : Pranav / Published on : 09-Oct-2017 02:02 AM / View : 194 / Comment : 1
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    Point No.5 of GST Council recommendation is as: "To facilitate the ease of payment and return filing for small and medium businesses with annual aggregate turnover up to Rs. 1.5 crores, it has been decided that such taxpayers shall be required to file quarterly returns in FORM GSTR-1,2 & 3 and pay taxes only on a quarterly basis, starting from the third quarter of this financial year i.e. October-December, 2017. The registered buyers from such small taxpayers would be eligible to avail ITC on a monthly basis. The due dates for filing the quarterly returns for such taxpayers shall be announced in due course. Meanwhile, all taxpayers will be required to file FORM GSTR-3B on a monthly basis till December, 2017. All taxpayers are also required to file FORM GSTR-1, 2 & 3 for the months of July, August and September, 2017. Due dates for filing the returns for the month of July, 2017 have already been announced. The due dates for the months of August and September, 2017 will be announced in due course". Now my query is: whether small taxpayers are required to file monthly GSTR 3B or not? If yes then with payment of tax or without payment. Please answer with source for my reference?
    Read more on : payment return

    • Dear Pranav Sir

      Yes, Small Taxpayers shall be required to file GSTR 3B on monthly basis with payment of GST Liability within due date (20th of Next Month) and they have option to file GSTR 1 on Monthly or Quarterly basis (for Taxpayers having Turnover upto 1.5 Crore).

      18-12-2017 / 10:47:16 PM

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