Follow Us :

QRMP Scheme

Latest Articles


Quarterly Return with Monthly Payments (QRMP) Scheme: Eligibility, Returns & Payment

Goods and Services Tax : Optimize GST compliance with the QRMP scheme for small taxpayers. Eligibility up to ₹5 crore turnover. Quarterly returns, monthl...

February 29, 2024 1248 Views 0 comment Print

QRMP Scheme under GST – Eligibility, Tax Payment, Return Filing & Late Fees

Goods and Services Tax : Learn about new QRMP Scheme under GST with tax payment, eligibility, return filing, and late fees. Get all the details of the GST ...

November 18, 2023 19218 Views 0 comment Print

Quarterly Return and Monthly Payment scheme under GST Act

Goods and Services Tax : Quarterly Return and Monthly Payment Scheme (w.e.f. 01.01.2021) The scheme is GSTIN wise. It means that having different GSTIN und...

December 20, 2021 3546 Views 2 comments Print

Basic difference between monthly vs quarterly (QRMP) GST returns

Goods and Services Tax : GST Returns: Monthly vs Quarterly Point of difference Monthly Quarterly (QRMP) Applicability Mandatory if Annual Aggregate Turnove...

December 13, 2021 10212 Views 0 comment Print

How to Match Input Tax Credit with Books of Accounts under QRMP Scheme

Goods and Services Tax : How to match the books of accounts input tax credit balance with GST Credit ledger who opts QRMP scheme. (Assumption that the tax ...

July 23, 2021 5901 Views 0 comment Print


Latest News


Important QRMP Scheme Changes implemented on GST Portal

Goods and Services Tax : Few important changes related to QRMP Scheme have been implemented on the GSTN Portal for the taxpayers on 06/07/2021 which includ...

July 7, 2021 13572 Views 2 comments Print

New Features of Form GSTR-2B & GSTR-3B Made Available To Taxpayers Under QRMP Scheme

Goods and Services Tax : New Features of Form GSTR-2B & GSTR-3B Made Available To Taxpayers Under QRMP Scheme 1. The new features related to filing of ...

April 13, 2021 16620 Views 0 comment Print

Updates in Forms GSTR-1, GSTR-3B & Matching Offline Tool for Taxpayers in QRMP Scheme

Goods and Services Tax : Updates In Forms GSTR-1, GSTR-3B And Matching Offline Tool For Taxpayers In QRMP Scheme With effect from 1st January, 2021, all ta...

April 13, 2021 13395 Views 0 comment Print

Payment of Tax under QRMP Scheme for March, 2021

Goods and Services Tax : 1. All taxpayers having aggregate turnover up to Rs 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards), are required to furni...

April 8, 2021 19713 Views 0 comment Print

Invoice Furnishing Facility for Taxpayers who opted for QRMP

Goods and Services Tax : Attention GST Taxpayers who have opted for QRMP Scheme! Enjoy the convenience of Invoice Furnishing Facility (IFF) to enable the f...

March 12, 2021 1611 Views 0 comment Print


Latest Notifications


Quarterly Return Monthly Payment Scheme Reg

Goods and Services Tax : As a trade facilitation measure and in order to further ease the process of doing business, the GST Council in its 42nd meeting he...

March 15, 2021 1263 Views 0 comment Print

Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme

Goods and Services Tax : 1. An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1...

January 6, 2021 32988 Views 5 comments Print

Salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme

Income Tax : Who can opt for the scheme: Following registered person (hereinafter RP) can file quarterly returns and pay tax on monthly basis w...

November 20, 2020 9864 Views 0 comment Print

Provisions relating to Quarterly Return Monthly Payment Scheme

Goods and Services Tax : Government has issued following notifications to implement the Scheme of quarterly return filing along with monthly payment of tax...

November 10, 2020 42924 Views 0 comment Print


Why QRMP Scheme

April 28, 2021 1386 Views 0 comment Print

From 1st January 2021 QRMP (Quarterly return monthly payment) scheme came into existence, which allowed to registered person having aggregate turnover upto Rs.5 crore in preceding financial year to opt for QRMP scheme. Therefore this scheme is not available to registered having aggregate turnover of Rs.5 crore in preceding financial year. This Scheme is optional […]

Standard Procedure For QRMP Frequency Selection – Last Date 30-04-2021

April 28, 2021 2898 Views 0 comment Print

Article explains Reasons why you should select Monthly GST Return & Payment System Frequency  instead of Quarterly GST Return & Payment System QRMP and Standard procedure for or QRMP Frequency Selection for those who are having Average Annual Turnover (AATO) below Rs. 5 crore in FY 2020-21. Logical Reasons why to select ‘Monthly’ even if […]

New Features of Form GSTR-2B & GSTR-3B Made Available To Taxpayers Under QRMP Scheme

April 13, 2021 16620 Views 0 comment Print

New Features of Form GSTR-2B & GSTR-3B Made Available To Taxpayers Under QRMP Scheme 1. The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized below. Also Read:Updates in Forms GSTR-1, GSTR-3B & Matching Offline Tool for […]

Updates in Forms GSTR-1, GSTR-3B & Matching Offline Tool for Taxpayers in QRMP Scheme

April 13, 2021 13395 Views 0 comment Print

Updates In Forms GSTR-1, GSTR-3B And Matching Offline Tool For Taxpayers In QRMP Scheme With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly basis. They also have an option […]

Payment of Tax under QRMP Scheme for March, 2021

April 8, 2021 19713 Views 0 comment Print

1. All taxpayers having aggregate turnover up to Rs 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards), are required to furnish return on quarterly basis, along with payment of tax on monthly basis.

QRMP Returns filing update for the quarter ending 31st March 2021

April 7, 2021 20562 Views 9 comments Print

I have made an attempt to compile the following information in respect of QRMP Returns schema as I find lot of members have lot of questions in respect of same. It is just an attempt by me to address some aspects of scheme for the benefits of all. Points to be considered while filing GSTR […]

Quarterly Return Monthly Payment Scheme (QRMP) under GST Explained

March 28, 2021 3654 Views 1 comment Print

Eligibility: a) Effective from 01st Jan,21 b) Registered Person with Aggregate Turnover (PAN wise) upto Rs 5 Crores c) Option can be availed GSTIN wise d) Return for Preceding Month as on date of exercising option has been furnished New Monthly Compliance/Payment *: a) IFF : 1st/2nd Month of Quarter (Upload B2B Invoices upto Rs […]

Quarterly Return Monthly Payment Scheme Reg

March 15, 2021 1263 Views 0 comment Print

As a trade facilitation measure and in order to further ease the process of doing business, the GST Council in its 42nd meeting held on 05.10.2020, had recommended that registered person having aggregate turnover up to five (5) crore rupees may be allowed to furnish return on quarterly basis along with monthly payment of tax, with effect from 01.01.2021. Government has issued following notifications to implement the Scheme of quarterly return filing along with monthly payment of taxes

Invoice Furnishing Facility for Taxpayers who opted for QRMP

March 12, 2021 1611 Views 0 comment Print

Attention GST Taxpayers who have opted for QRMP Scheme! Enjoy the convenience of Invoice Furnishing Facility (IFF) to enable the flow of ITC to the recipients by furnishing B2B invoices for February 2021 by March 13, 2021.

QRMP- A headache we never asked

March 5, 2021 48555 Views 28 comments Print

QRMP- A headache we never asked Half baked solution & probably Worst Innovation of GSTN ARTICLE ON PROBLEMS / LIMITATIONS in QRMP SCHEME QRMP- It is introduced as ‘Quarterly Return Filing and Monthly Payment of Taxes (QRMP)’ scheme under GST to help the taxpayers having turnover less than Rs. 5 crores. QRMP as we all […]

Search Post by Date
May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031