CBEC Notifies Quarterly GST Return/ Tax Payment by Small Taxpayers

CBEC has notified that the Small Taxpayers having Aggregate Turnover of less than Rs. 1.5 crores, who have not opted for Composition Scheme, shall be required to file GST Returns in FORM GSTR-1, 2 & 3 and Payment of Tax on Quarterly basis, starting from the Third Quarter, i.e. October-December, 2017. All such small taxpayers are, however, required to file FORM GSTR-1, 2 & 3 for the months of July, August and September, 2017, under the existing system.

Quarterly Return/ Tax Payment (Small Taxpayers): CBEC Notification 40/2017 Central Tax 13 Oct.

G.S.R. 1254(E).— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the ‘said Act’), the Central Government, on the recommendations of the Council, hereby notifies the registered person whose aggregate turnover in the preceding financial year did not exceed one crore and fifty lakh rupees or the registered person whose aggregate turnover in the year in which such person has obtained registration is likely to be less than one crore and fifty lakh rupees and who did not opt for the composition levy under section 10 of the said Act as the class of persons who shall pay the central tax on the outward supply of goods at the time of supply as specified in clause (a) of sub-section (2) of section 12 of the said Act including in the situations attracting the provisions of section 14 of the said Act, and shall accordingly furnish the details and returns as mentioned in Chapter IX of the said Act and the rules made thereunder and the period prescribed for the payment of tax by such class of registered persons shall be such as specified in the said Act.

12 FAQs relating to GST Return by Small Taxpayers answered by GSTN (dt. 12 Oct. 2017) via Twitter

The GSTN has shared a set of 5 FAQs on GST to clarify issues concerning quarterly filing of GST Returns by Small Taxpayers with turnover upto Rs. 1.5 crores, as Announced by GST Council in it’s 22nd Meeting dt. 6 Oct. 2017, as under:

Q.1 From when can a person with turnover below Rs. 1.5 crores start filing quarterly returns?

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

Q.2 If my turnover is less than Rs. 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. 3 If my turnover is less than Rs. 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 Rs. 1.5 crore need to file monthly GSTR-1, 2 and 3.

Q.4 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.5 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.

Related Posts: 

Summary of GST Returns Due Dates Extended by CBIC (July 2017 onwards)

Hi there,

We have recently started sharing updates using Telegram App. In case you are using the Telegram app, then please JOIN our Channel 'CA Club Updates', using the link below (from a device where you are already logged in to Telegram App):



  1. Akhil M
    • Yagya Gaire
  2. R.Raghavendra Rao

Leave a Reply