(1) Every registered person intending to furnish return on a quarterly basis under proviso to sub-section (1) of section 39, shall in accordance with the conditions and restrictions notified in this regard, indicate his preference for furnishing of return on a quarterly basis, electronically, on the common portal, from the 1st day of the second month of the preceding quarter till the last day of the first month of the quarter for which the option is being exercised:
Provided that where such option has been exercised once, the said registered person shall continue to furnish the return on a quarterly basis for future tax periods, unless the said registered person,—
(a) becomes ineligible for furnishing the return on a quarterly basis as per the conditions and restrictions notified in this regard; or
(b) opts for furnishing of return on a monthly basis, electronically, on the common portal:
Provided further that a registered person shall not be eligible to opt for furnishing quarterly return in case the last return due on the date of exercising such option has not been furnished.
(2) A registered person, whose aggregate turnover exceeds 5 crore rupees during the current financial year, shall opt for furnishing of return on a monthly basis, electronically, on the common portal, from the first month of the quarter, succeeding the quarter during which his aggregate turnover exceeds 5 crore rupees.| 1 This rule was inserted by Notification No. GST-1020/C.R.100/Taxation-1, (Notification No. 82/2020, Thirteenth Amendment-2020), dated 23rd November, 2020, (w.e.f. 10th November, 2020).
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62. [Form and manner of submission of statement and return.] - (1) Every registered person 2[paying tax under section 10 3[*****] shall—
(i) furnish a statement, every quarter or, as the case may be, part thereof, containing the details of payment of self-assessed tax in FORM GST CMP-08, till the 18th day of the month succeeding such quarter;
and
(ii) furnish a return for every financial year or, as the case may be, part thereof in FORM GSTR-4, till the thirtieth day of April following the end of such financial year, electronically] through the common portal, either directly or through a Facilitation Centre notified by the Commissioner.
| S[Provided that the return in FORM GSTR-4 for a financial year from FY 2024-25 onwards shall be required to be furnished by These words were substituted for “Form and manner of submission of quarterly return by the composition supplier” by Notification No. GST-1019/C.R.60/Taxation-1, (Notification No. 20/2019, Third Amendment-2019), dated 25th April, 2019, (w.e.f.23rd April, 2019).
This portion was substituted by Notification No. GST-1019/C.R.60/Taxation-1, (Notification No. 20/2019, Third Amendment-2019), dated 25th April, 2019, (w.e.f.23rd April, 2019). Prior to substitution this portion read as: “paying tax under section 10 shall, on the basis of details contained in FORM GSTR-4A, and where required, after adding, correcting or deleting the details, furnish the quarterly return in FORM GSTR-4” 3 These words, figures, letters and brackets “or paying tax by availing the benefit of Notification No. 02/2019- State Tax (Rate), dated the 7th March 2019, published in the Maharashtra Government Gazette, Extraordinary No. 79, Part IV-B, vide Finance Department Notification No. GST-1019/C.R.39/Taxation-1, dated the 7th March, 2019”were omitted by Notification No. MGST-1017/C.R.100/Taxation-1, (Notification No. 82/2020, Thirteenth Amendment- 2020), dated 23rd November, 2020, (w.e.f. 10th November, 2020).
4 This proviso was inserted by Notification No. MGST-1017/C.R.183/ Taxation-1, (Notification No. 45/2017, Ninth Amendment-2017), dated 13% October, 2017, (w.e.f. 13% October, 2017) and then deleted by Notification No. GST- 1019/C.R.60/Taxation-1, (Notification No. 20/2019, Third Amendment-2019), dated 25th April, 2019, (w.e.f.23rd April, 2019). Prior to deletion this Proviso read as under:
“Provided that the registered person who opts to pay tax under section 10 with effect from the first day of a month which is not the first month of a quarter shall furnish the return in FORM GSTR-4 for that period of the quarter for which he has paid tax under section 10 and shall furnish the returns as applicable to him for the period of the quarter prior to opting to pay tax under section 10.” This proviso was inserted by Notification No. MGST.1524/C.R.24 /Taxation-1, (Notification No. 12/2024, Amendment-2024), dated 12th August, 2024, .
152 the registered person till the thirtieth day of June following the end of such financial year.]
(2)Every registered person furnishing the ![Statement under sub-rule (1) shall discharge his liability towards tax or interest] payable under the Act or the provisions of this Chapter by debiting the electronic cash ledger.
(3) The return furnished under sub-rule (1) shall include the -
(a) invoice wise inter-State and intra-State inward supplies received from registered and un-registered persons; and
(b) consolidated details of outward supplies made.
(4) A registered person who has opted to pay tax under section 10 2[*****] from the beginning of a financial year shall, where required, furnish the details of outward and inward supplies and return under rules 59, 60 and 61 relating to the period during which the person was liable to furnish such details and returns till the due date of furnishing the return for the month of September of the succeeding financial year or furnishing of annual return of the preceding financial year, whichever is earlier.
Explanation.— For the purposes of this sub-rule, it is hereby declared that the person shall not be eligible to avail 3[**] input tax credit on receipt of invoices or debit notes from the supplier for the period prior to his opting for the composition scheme 4[*****].
1 These words were substituted for “return under sub-rule (1) shall discharge his liability towards tax, interest, penalty, fees or any other amount” by Notification No. GST-1019/C.R.60/Taxation-1, (Notification No. 20/2019, Third Amendment-2019), dated 25th April, 2019, (w.e.f.23rd April, 2019).
2 These words, figures and letters “or by availing the benefit of Notification No. 02/2019- State Tax (Rate), dated the 7th March, 2019, published in the Maharashtra Government Gazette, Extraordinary No. 79, Part IV-B, vide Finance Department Notification No. GST-1019/C.R.39/Taxation-1, dated the 7th March, 2019"were inserted by Notification No. GST-1019/C.R.60/Taxation-1, (Notification No. 20/2019, Third Amendment-2019), dated 25th April, 2019, (w.e.£.23rd April, 2019) and omitted by Notification No. GST-1020/ C.R.100/ Taxation-1, (Notification No. 82/2020, Thirteenth Amendment-2020), dated 23rd November, 2020, (w.e.f.10th November, 2020).
3 This word “of’ was deleted by Notification No. GST-1019/C.R.60/Taxation-1, (Notification No. 20/2019, Third Amendment-2019), dated 25th April, 2019, (w.e.f.23rd April, 2019).
“ These words, figures and letters “or opting for paying tax by availing the benefit of Notification No. 02/2019- State Tax (Rate), dated the 7th March 2019, published in the Maharashtra Government Gazette, Extraordinary No. 79, Part IV-B, 153
(5) A registered person opting to withdraw from the composition scheme at his own motion or where option is withdrawn at the instance of the proper officer shall, where required, furnish ![a statement in FORM GST CMP-08 for the period for which he has paid tax under the composition scheme till the 18th day of the month succeeding the quarter in which the date of withdrawal falls and furnish a return in FORM GSTR-4 for the said period till the thirtieth day of April following the end of the financial year during which such withdrawal falls.]
2[*******]