Ace Limited's average annual sales are $$7\mathrm{.}40m.$ What is the frequency of his

reporting period and filing deadline? Assume sales consist of taxable supplies

only and Ace Limited is registered for GST$.$

Report annually and file and remit any amount owing no later than three months

after the end of the fiscal year.

Report quarterly, and file and remit any amount owing no later than one month after

the end of the reporting period.

Report monthly, and file and remit any amount owing no later than one month after

the end of the reporting period.Ace Limited's average annual sales are $$7\mathrm{.}40$m$.$ What is the frequency of his reporting period and filing deadline? Assume sales consist of taxable supplies only and Ace Limited is registered for GST