GST Notification 84/2020-Central Tax ,dt. 10-11-2020
CBIC notified that registered persons having an aggregate turnover of up to Rs. 5 Cr. in the preceding FY, and who have opted to furnish a return for every quarter shall furnish a return for every quarter from January 2021 onwards, and pay the tax due every month in accordance with section 39(7)
A registered person whose aggregate turnover is above Rs. 5 Cr. during a quarter in a FY shall not be eligible for furnishing of return on a quarterly basis from the first month of the succeeding quarter.
For the registered person falling in the class specified in column (2) of the Table below, who have furnished the return for tax period October 20 on or before 30th November 20, it shall be deemed that they have opted under sub-rule (1) of rule 61A of the said rules for the monthly or quarterly furnishing of return as mentioned in column (3) of the said Table.
Registered persons referred to in column (2) of the said Table, may change the default option electronically, on the common portal, during the period from the 5th Dec, 20 to the 31st Jan, 21
| SN | Class of registered person | Deemed Option |
| 1 | Registered persons having aggregate turnover of up to Rs. 1.5 crore, who have furnished GSTR1 on quarterly basis in the current financial year | Quarterly return |
| 2 | Registered persons having aggregate turnover of up to Rs. 1.5 crore, who have furnished GSTR1 on monthly basis in the current financial year |
Monthly return |
| 3 | Registered persons having aggregate turnover more than Rs. 1.5 crore and up to Rs. 5 crore in the preceding FY |
Quarterly return |
