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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 1209 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 19161 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 10194 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 13569 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 13386 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 19707 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 1602 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 42912 Views 0 comment Print


GST: Quarterly Return & Monthly Payment – QRMP effective from 1-1-2021

November 30, 2020 11772 Views 3 comments Print

The topic itself is self-explanatory, a recent development when GST Council met in its 42nd meeting held on 05.10.2020 and decided to allow up to 5 crore turnover suppliers proceed with ‘QRMP’. Why I came to understand that I should write on this topic – naturally peculiarity of this scheme and some extent it’s complex terminology which if explained in simple terms then it will be very helpful to the suppliers at large. So let us begin our small journey to explain the scheme in detail.

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

November 20, 2020 9864 Views 0 comment Print

Who can opt for the scheme: Following registered person (hereinafter RP) can file quarterly returns and pay tax on monthly basis w.e.f. 01.01.2021 : An RP who is required to file Form GSTR 3B with AATO of up to Rs 5 Cr. in the previous financial year is eligible. If AATO crosses Rs 5 Cr. during a qtr., RP will become in-eligible for the Scheme from next quarter.

GST- Quarterly Return & Monthly Payment Scheme (QRPS)

November 18, 2020 19560 Views 2 comments Print

The GST Council in their 42nd Meet on 5th October 2020 proposed a quarterly return filing system for small taxpayers having aggregate turnover up to Rs 5 crores with effect from 1st January, 2021. Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 143/13/2020- GST on 10th November 2020, outlining guidelines and […]

11 Important FAQs on Quarterly GST Return & Monthly Payment

November 18, 2020 17217 Views 3 comments Print

11 Important FAQs of Quarterly Return and Monthly Payment (‘QRMP’) Scheme w.e.f 1st January, 2021 With the coming of 1st day of any new month or the 1st day of the new quarter, GST Council is ready to come out with certain new changes. Whether it is 1st October 2019 (Changes in Section 36(4) , […]

GST: Quarterly Return Monthly Payment Scheme with examples

November 16, 2020 40176 Views 4 comments Print

Understanding the New GST Diwali Bonanza-Quarterly Return Monthly Payment (QRMP) Scheme with Practical Illustrations The Goods & Service Tax (GST), inspite of its PAN India roll-out as ‘One Nation One Tax’, w.e.f. 1.7.2017, has been looked upon with some reservations and apprehensions by the small and middle level businesses and traders on account of its […]

GST Return Filling System (version 3.0) From 01-01-2021

November 15, 2020 64167 Views 13 comments Print

FROM 01-01-2021 , GST RETURN FILING SYSTEM will see complete change. (We call it version 3.0) . Intention to Overhaul GST return filing system, But is it the correct solution in reality??? We will find out that in future . FYI, NOTIFICATION 82 TO 85 to notify/amend rule 60/61/62/61A. Also Circular No. 143/13/2020 is issued […]

Quarterly Return Monthly Payment (QRMP ) Scheme under GST

November 12, 2020 62511 Views 7 comments Print

1. Quarterly Return Monthly Payment Scheme (QRMP) is a scheme notified by the Government allowing a registered person having aggregate turnover up to five (5) crore rupees to furnish return on a quarterly basis along with monthly payment of tax. CBIC vide circular no. 20/01/08/2020- GST dated 10 November 2020 clarified various issues related to […]

Provisions relating to Quarterly Return Monthly Payment Scheme

November 10, 2020 42912 Views 0 comment Print

Government has issued following notifications to implement the Scheme of quarterly return filing along with monthly payment of taxes

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