GSTN brings in monthly, quarterly returns option; Taxpayers cannot switch frequency during FY

GSTN enables monthly filing of Form GSTR-1 for the months of July, August, September, October and November 2017; While the returns have to be filed sequentially, GSTN states that return for a particular period can be filed if corresponding returns viz. GSTR-3B and GSTR-1 for previous months have been filed; Once a taxpayer chooses monthly option, he cannot change it in remaining part of FY; In other words, monthly returns would require to be filed and taxpayer cannot opt for ...