In exercise of the powers conferred by proviso to section 39(1) read with proviso to section 39(7) of the CGST Act, 2017,

Eligible RP for Quarterly GSTR-3B

the Government notifies that

RPs, other than a person referred to in section 14 of the IGST Act, 2017

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, u/r 61A(1)

shall, subject to the following conditions and restrictions,

furnish a return for every quarter from Jan, 2021 onwards, and

pay the tax due every month in accordance with the proviso to section 39(7) namely:

(i) the return for the preceding month, as due on the date of exercising such option, has been furnished;

(ii) where such option has been exercised once, they shall continue to furnish the return as per the selected option for future tax periods, unless they revise the same.

RP shall not be eligible for Quarterly GSTR-3B from next quarter on crossing AT over Rs.5 Cr.

(2) A RP whose aggregate turnover crosses Rs.5 Cr during a quarter in a FY shall not be eligible for furnishing of return on quarterly basis from the first month of the succeeding quarter.

Deemed option for Quarter GSTR-3B

(3) For the RP falling in column (2) of the Table below, who have furnished the return for the tax period October, 2020 on or before 30th November, 2020,

it shall be deemed that they have opted u/r 61A(1) for the monthly or quarterly furnishing of return as mentioned in column (3) of the said Table:-

Table:

.

Time limit for change of deemed option

(4) RPs referred to in column (2) of the said Table, may change the default option electronically during the period from the 5th day of December, 2020 to the 31st day of January, 2021.