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“quarter” shall mean a period comprising three consecutive calendar months, ending on the last day of March, June, September and December of a calendar year;
In terms of the definition Provided above, we can understand that the following would be the four quarters for the purposes of GST:
(a) January, February and March;
(b) April, May and June;
(c) July, August and September; and
(d) October, November and December.
For any reason, whatsoever, the term ‘quarter’ cannot be associated with three consecutive months other than those mentioned above. For instance, a composition supplier is required to furnish returns on a quarterly basis – this does not entitle him to furnish a return for the periods June, July and August, even if he obtained registration only on 29th June.
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