When do you need to file monthly returns

Hi

The turnover shall include nil rated supplies. And hence monthly returns have to be filed if combined turnover exceeds Rs. 1.5 crores.

Yes, ITC can be availed.

Dear Sir,

If you are providing both services (nil rated as well as taxable), then we are consider overall turnover of our business, to identify whether we need to file return monthly or quarterly.

And under GST regime Provision for ITC is, if you provide both services (taxable & nil rated) then we can claim ITC proportionate basis.

In your given case, turnover exceeds from 1.5cr, so you need to file GST returns on monthly basis.

And for ITC we can claim Input subjected to taxable supplies.

Yes, you need to file monthly returns if your TAXABLE + NIL-RATED services exceed 1.5 crore.

You can claim ITC to the extent input services are consumed for providing taxable services.

Please feel free to call/ revert in case you need more clarity.

Thanks and regards

Abhishek Dugar

CA CS B.Com

As your turnover, including taxable and nil rated services, exceeds Rs 1.5Cr., you need to file monthly returns.

You can claim Input credit on proportionate basis for your taxable turover.

Hello,

When total turnover i.e taxable + nil + exempt crosses 1.5Crore.

You can but only to the extent it has been used to earn taxable income and not on the component of Nil rated services.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, FCA, LLB, CERT. FAFP