{"id":18997,"date":"2024-09-05T10:26:49","date_gmt":"2024-09-05T04:56:49","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=18997"},"modified":"2024-09-05T10:26:49","modified_gmt":"2024-09-05T04:56:49","slug":"how-to-change-monthly-to-quarterly-in-gst","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/how-to-change-monthly-to-quarterly-in-gst\/","title":{"rendered":"How to Change Monthly to Quarterly in GST?"},"content":{"rendered":"\n
Any registered person can decide whether to file their GST returns either on a quarterly basis or monthly basis before submitting their initial return. To execute this step, you must log in to your GSTIN account on the unified portal<\/a>. Following that, you get two questions that have been fed into the system. In addition to answering these questions, you may have to choose between either a monthly scheme or a quarterly scheme. Otherwise, you will only be allowed to file GSTR-3B monthly.<\/p>\n\n\n\n If you are a monthly filer and want to learn how to change monthly to quarterly in GST, we suggest going through this blog.<\/p>\n\n\n\n In case your aggregate turnover for the preceding financial year did not exceed \u20b91.5 crores, you are eligible to file quarterly GST returns. Otherwise, if you expect the current year\u2019s turnover to be within \u20b91.5 crores then also you may opt for the quarterly GST filing of return.<\/p>\n\n\n\n \ud83d\udca1 If you want to pay your GST with Credit Card, then download\u00a0Pice Business Payment App<\/a>. Pice is the one stop app for all paying all your business expenses.<\/p>\n\n\n\n However, for a registered person who files a return for October 2020 by November 30, 2020, their filing return frequency will be deemed as specified:<\/p>\n\n\n\n In this table, the taxpayers from the second category had the option to switch to quarterly GSTR-3B returns between December 5, 2020, and January 31, 2021, if they wanted.<\/p>\n\n\n\n To change the periodicity of filing return or return filing status under the QRMP scheme, each taxpayer must follow these steps:<\/p>\n\n\n\n Step 1: Sign in to the GST portal with your login details and go to ‘Services’. Next, click on \u2018Returns\u2019 and then select the quarterly return.<\/p>\n\n\n\n Step 2: You will see the Quarterly Opt-in process details page. Here, select the financial year using the dropdown list and click on \u2018Search\u2019. The year should specify the timeframe<\/a> for which you desire to change the filing frequency.<\/p>\n\n\n\n Step 3: Go through the following details before mentioning the return type:<\/p>\n\n\n\n Note: The quarter open for selection is marked as green.<\/p>\n\n\n\n Step 4: Click on \u2018OK\u2019 that is displayed beneath the confirmation message to finalise the filing frequency.<\/p>\n\n\n\n Step 5: A final confirmation message pops up on your screen. Click on \u2018OK\u2019.<\/p>\n\n\n\n An email and SMS are sent to the primary authorised signatory after the above-mentioned steps have been executed. After that, you can click on the \u2018Continue to Returns Dashboard\u2019 button to re-open the homepage.<\/p>\n\n\n\nDeemed Monthly\/ Quarterly Filing for GSTR-3B<\/strong><\/h2>\n\n\n\n
Sl.No.<\/strong><\/td> Class of Registered Persons<\/strong><\/td> Deemed Option<\/strong><\/td><\/tr> 1<\/td> A registered person whose aggregate business income does not exceed \u20b91.5 crores and who has submitted their Form GSTR-1 for each quarter of the current financial year.<\/td> Quarterly Return Filing (GSTR-3B)<\/td><\/tr> 2<\/td> A registered person with an annual turnover not exceeding \u20b91.5 crores and having submitted monthly GSTR-1 forms in the current financial year.<\/td> Monthly Return Filing (GSTR-3B)<\/td><\/tr> 3<\/td> Registered businesses with annual turnover between \u20b91.5 crores and \u20b95 crores.<\/td> Quarterly Return Filing (GSTR-3B)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Step-by-step Guide to Changing Your Profile Under the QRMP Scheme<\/strong><\/h2>\n\n\n\n
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