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QRMP Scheme

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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 1233 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 19188 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 10206 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 16617 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 13389 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 1605 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 32985 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


GST QRMP Scheme

March 3, 2021 5142 Views 0 comment Print

All registered assessee having turnover up to INR 5 crores in the preceding financial year. Scheme can be availed GSTIN based, i.e. assessee having multiple registrations under same PAN have option to avail the QRMP scheme for one GSTIN and Regular filing for other registration.

QRMP Scheme – A Half Baked Remedy

March 2, 2021 8493 Views 2 comments Print

Quarterly Returns with Monthly Payment (QRMP) Scheme The Central Board of Indirect Taxes & Customs (CBIC) introduced Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) to help the taxpayers having turnover less than Rs. 5 crores. The QRMP scheme allows the taxpayers to file GSTR-3B on a […]

QRMP Scheme – Some Useful Information

February 27, 2021 4119 Views 0 comment Print

What is QRMP Scheme in GSTR ?? Quarterly return Monthly Payment Scheme proposed by government for the registered person who is required to furnish a return in FORM GSTR-3B, and who has an aggregate turnover of up to 5 crore rupees in the preceding financial year. Further in case the aggregate turnover exceeds five crore […]

Opted QRMP Scheme – Pay GST by 25th

February 23, 2021 27069 Views 5 comments Print

Attention GST Taxpayers who have opted for QRMP Scheme! Deposit due tax liability for January, 2021 by using Form/Challan PMT-06 before the due date February 25, 2021 as Latyye Payment will attract Interest. Please note that registered persons, opting to file quarterly GSTR-3B return under QRMP scheme, are required to pay tax due in M1 […]

Know more about QRMP scheme & how to furnish details in IFF

February 19, 2021 3000 Views 0 comment Print

Know more about “QRMP scheme and how to furnish details in IFF” and Answers to Frequently Asked Questions 1. Invoice Furnishing Facility (IFF) is an optional facility made available as per Rule 59(2) of the CGST Rules, 2017. This is provided for those quarterly taxpayers who want to pass on input tax credit (ITC) to […]

Option to choose between QRMP scheme vs. Monthly GSTR 3B?

February 14, 2021 36990 Views 3 comments Print

Which option to choose between QRMP scheme v/s. Monthly GSTR 3B system? This article explains various aspects of comparison of newly introduced QRMPs scheme versus Monthly GSTR 3B system (QRMP v/s. Monthly 3B) To reduce tax compliance burden on MSME entities, Govt. has introduced QRMPs w.e.f 01/01/2021. Since this is new scheme launched by government, […]

Quarterly Return Monthly Payment (QRMP) scheme Analysis

February 12, 2021 12870 Views 2 comments Print

This is an attempt to apprise you in detail of the Quarterly Return-Monthly Payment (QRMP) scheme has recently been launched by the Central Board of Indirect Taxes and Customs (CBIC). Please note that a Quarterly Return-Monthly Payment (QRMP) scheme has recently been launched by the board and a circular bearing no. 143/13/2020-GST dated 10 November […]

Frequently asked questions on QRMP scheme

February 12, 2021 46989 Views 18 comments Print

1. What is QRMP scheme? What are its benefit? A: Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is a scheme to simplify compliance for small taxpayers. Under this scheme, taxpayers having an aggregate turnover at PAN level up to Rs. 5 crore can opt for quarterly GSTR-1 and GSTR-3B filing. Payment can be made […]

New GST Scheme – Quarterly Returns Monthly Payment (QRMP)

February 6, 2021 99417 Views 13 comments Print

Introduction: As a part of the ‘Ease of Doing Business’ Initiative, the CBIC has come with a new Scheme for filing GST Returns named Quarterly Return Monthly Payment Scheme under Circular No. 143/13/2020-GST on 10th November 2020. This helps the small taxpayers whose yearly turnover is less than INR 5 Crore. This scheme allows the […]

FAQs on Quarterly GST Returns & Monthly Payments scheme

February 5, 2021 5007 Views 0 comment Print

A new scheme for return filing under GST for small taxpayers has been introduced, due to which there is a lot of confusion among taxpayers about what they have to do, what they can’t do, how they will pay taxes, when they have to file returns etc. In these FAQs, I have tried to answer a […]

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