Goods and Services Tax Network (GSTN), the IT backbone of the new tax regime, has put a new function on its portal to allow taxpayers choose the frequency of filing GSTR 1 form on quarterly or monthly basis.
Taxpayers with annual aggregate turnover up to Rs 1.5 crore in the previous financial year or anticipated in the current financial year can avail the option of filing quarterly returns.
Unless the option is selected the taxpayer will not be able to upload any invoices for the month of August 2017.
It may be noted that the last date for filing the monthly GSTR1 for the period August to October 2017 is 31st December 2017.