Clarification On Monthly And Quarterly GSRT1 Return for July-Sept 2017


Clarification On Monthly And Quarterly GSRT1 Return for July-Sept 2017Clarification On Monthly And Quarterly GSRT1 Return for July-Sept 2017

It is observed that many of the tax payers are not clear about - 

  • whether they have to file their gstr1 return monthly and quarterly?
  • what will happen if they have filed july return on monthly basis? 
  • whether they should file for aug and sept period also monthly or will have to revise it on quarterly basis?
  • where to find the quarterly return option on gst portal. 
If you are also facing such queries, then go ahead to find the answer to these questions -


For turnover above Rs 1.5 crores

The taxpayers whose aggregate turnover during the financial year 2016-17 exceeded Rs. 1.5 Crores or the new registrants who estimate their turnover to exceed Rs. 1.5 Crores during the financial year 2017-18, have to file their GSTR-1 return on monthly basis. Filing of GSTR-1 for the tax period of August, 2017 and onwards is likely to commence soon. In the meantime, such taxpayers can upload the invoices for August, September, October 2017 to avoid last minute rush.


For turnover below or upto Rs 1.5 crores

The taxpayers whose aggregate turnover during the financial year 2016-17 remained upto Rs. 1.5 Cr or the new registrants who estimate their turnover to remain upto Rs. 1.5 Cr during the current financial year, but who intends to file return on monthly basis, can also upload the invoices for the month of August, 2017.

All other taxpayers, who are liable to file GSTR-1 shall upload the invoices and file GSTR-1 for the quarter ending September, 2017, when the option to file the same will be available on the portal. The option to file quarterly return is not available on the gst portal right now, but is going to be live very soon. 

But, the two important things to note about GSTR-1 for them are that - 

1. The taxpayers eligible to file return on quarterly basis but have already filed the return for the month of July, 2017, shall have to upload the invoices of August and September jointly and have not to include the invoices of July month again.

2. The taxpayers who have not filed GSTR-1 for the month of July, are advised to file the same quickly as they will not be able to file GSTR-1 for remainder of quarter (August-September) till they have filed GSTR-1 of July.


Click here to check the last date to file GSTR-1 Return, as per current update.


Clarification On Monthly And Quarterly GSRT1 Return for July-Sept 2017


If You Find This Information Useful, Then Share This Page On :



Like us on Facebook :



Related Posts


Busy 21 going to launch in Jan 2021

Busy 21 going to launch in Jan 2021

Jan 2021 will be a new beginning for Busy Accounting Software users. They are going to experience a new version of Busy, i.e. Busy 21. As per the company's management there will be a price hike in the software prices. Also, there will be some new features coming on the way.

View More...






How to run your Busy Accounting Software Online On Laptop or Mobile

How to run your Busy Accounting Software Online On Laptop or Mobile

Here we are going to show you, how you can keep your software and your data online and run your Busy Accounting Software from anywhere thru your Laptop or Mobile.

View More...





Tips to learn before you create in New Financial Year in BUSY

Tips to learn before you create in New Financial Year in BUSY

3 most important tips, that you should remember before you start working on New Financial Year in Busy Accounting Software. We have also tried to describe the following things...

View More...





All About GST eWay Bill

All About GST eWay Bill

Here You Will Come To Know All About GST eWay Bill. What Is GST eWay Bill, When To Generate GST eWay Bill, Who Should Generate GST eWay Bill, Validity of GST eWay Bill and many more information...

View More...