Form GSTR 1
♦ GSTR 1 shall contain the details of outward supplies and it shall be furnished monthly or quarterly as the case may be.
♦ Persons who have opted for QRMP scheme shall furnish GSTR 1 quarterly.
♦ Persons who have opted for QRMP scheme may furnish the details of B2B supplies (upto cumulative value of 50 lakhs in each month) for the first and second months of quarter using invoice furnishing facility (IFF). IFF can be used from 1st day of succeeding month till 13th day of such month.
♦ It may be noted that after 13th of the month, this facility for furnishing B2B supplies using IFF for previous month would not be available.
♦ Continuous upload of invoices would also be provided for the registered persons wherein they can save the invoices in IFF from 1st day of the month till 13th day of the succeeding month.
♦ B2B supplies furnished using IFF for the first and second months of a quarter, shall not be furnished in GSTR 1 for the said quarter.
♦ IFF facility is not mandatory and is only an optional facility made available to the persons exercising QRMP scheme.
Form GSTR 2
Form GSTR 3B
i. For the first two months of the quarter the payment of taxes shall be done in Form GST PMT-06 upto 25th of next month.
ii. For the payment of tax for the first two months of the quarter the registered person is free to avail any of the following method in any of the two months-:
i. A registered person whose aggregate turnover crosses 5 crore during a quarter in a F.Y shall not be eligible for QRMP from the first month of the succeeding quarter. He shall opt out from the scheme electronically on common portal. Such opt out shall be made b/w the first day of second month of preceding quarter to the last day of the first month of the quarter.
ii. A registered person who voluntarily wishes to opt out from the QRMP scheme can do so. Such opt out shall be made electronically on portal, b/w the first day of second month of preceding quarter to the last day of the first month of the quarter.
iii. While generating PMT 06 taxpayers should select “Monthly payment for quarterly taxpayer” as reason for generating the challan