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 1272 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 19266 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 3570 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 10239 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 5934 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 13581 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 16629 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 13401 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 19722 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 1626 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 1275 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 33003 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 9870 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 42951 Views 0 comment Print


Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme

January 6, 2021 33003 Views 5 comments Print

1. An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. Taxpayers who have opted for quarterly filing frequency under the scheme can file their details of outward supplies […]

Analysis of critical Changes in GST w.e.f. 1st January 2021

January 4, 2021 71829 Views 4 comments Print

Impact Analysis & comments on critical Changes made in GST w.e.f. 1st January 2021  1. Background The year 2020 can be easily be labeled as ‘coming out of comfort zone’ year for the entire world. This year has seen series of changes in GST as well like E-Invoicing, proposed changes in GST Returns, Introduction of […]

Quarterly Return Monthly Payment Scheme

January 4, 2021 5010 Views 0 comment Print

The GST regime has been marked by continuous reforms. It is onerous on the part of the taxpayers to keep in touch with the latest developments. Here is a quick digest of QRMP scheme for your ready reference. A WHO IS ELIGIBLE FOR THE QRMP SCHEME Registered person whose AGGREGATE TURNOVER (IN PREVIOUS FY) <= […]

An easy guide to QRMP Scheme

January 3, 2021 14694 Views 0 comment Print

Quarterly Return Monthly Payment Scheme (QRMP Scheme) 1. What is QRMP Scheme? Currently, a registered person having aggregate turnover of up to ₹5 crores and furnishing GSTR 1 on monthly/quarterly basis, files GSTR 3B on monthly basis only. Under QRMP scheme, such registered persons shall be required to furnish GSTR 3B too on quarterly basis […]

Important Changes in GST w.e.f. January 1, 2021

January 2, 2021 106095 Views 0 comment Print

We bring you the highlights of all important changes related to QRMP Scheme, E-invoicing, ITC availment, e-way bill, etc. under Central Goods and Services Tax Act, 2017 (CGST Act) and Central Goods and Services Tax Rules, 2017 (CGST Rules), effective from January 1, 2021, as below:  Notification No. Topic/Section/ Rules of CGST Act/ Rules Change […]

1 जनवरी 2021 से जीएसटी कानून में कुछ बड़े बदलाव

January 1, 2021 93249 Views 1 comment Print

महान ग्रीक दार्शनिक हेराक्लिटस  का एक कथन है – ‘परिवर्तन इस दुनिया में एकमात्र स्थायी चीज है’। परिवर्तन होना तय है । भले ही यह जीवन का कोई  अप्रत्याशित मोड़ हो या ब्रह्मांड की सामान्य घटना से जुड़ा हो। जीएसटी कानून में भी हम परिवर्तन पिछले तीन वर्षो से लगातार देख रहे है। हम सब […]

Quarterly Return Monthly Payment (QRMP) scheme launched

December 29, 2020 4590 Views 0 comment Print

Now taxpayers up to Rs. 5 Cr turnover have the option to file their GSTR-1 and GSTR-3B returns quarterly. Introducing Quarterly Return Monthly Payment (QRMP) Scheme The scheme will be made available from January 1st 2021 You can opt-in to the scheme from 5th December 2020 Now, small taxpayers with Aggregate turnover up to Rs. […]

GST Updates And Deadlines Jan 2021

December 28, 2020 35334 Views 0 comment Print

1. GST PORTAL UPDATES 1.1. GSTR-9 of FY 2019-20 is available now Facility to file annual return in Form GSTR-9 for FY 2019-20 is now available. Please ensure that all applicable returns of the said year have been filed before attempting to file the said return. 1.2.  Auto population of details in Form GSTR-3B from […]

Breifing QRMP Scheme and benefit for Small Business

December 28, 2020 2211 Views 0 comment Print

The 42th Council meeting of 2020 held on 05.10.2020, has introduce new Return scheme with some relaxation of monthly return filing for small business registered under GST Act. Here is this Article we discuss in details the notification and circular that has been issued and applicable from 1st January 2021 Notification Number & Dated Remarks […]

Quarterly Return Monthly Payment Scheme (QRMP)- New Facelift

December 22, 2020 4479 Views 1 comment Print

The Central Board of Indirect Taxes & Customs (CBIC) vide Circular No. 143/13/2020- GST dated 10th November 2020 introduced Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) to help small taxpayers whose turnover is less than Rs.5 crores. This is a welcome step towards the goal of […]

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