QRMP Return Filing

Starting from 999/-

Select Plan

TheCBIC introduced QRMP scheme under GST to facilitate small taxpayers whose turnover is less than Rs.5 crores.

The QRMP scheme allows the taxpayers to:

  • File GSTR-3B on a quarterly basis; and
  • Pay tax every month.
Contact Us

How To Register QRMP Return Filing

You can operate your business under a Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme under GST in India online. We hold immense knowledge and expertise in QRMP Return Filing and help you in the following ways.

Step 1

Purchase Of Plan

We guide you selecting you the appropriate Plan

Step 2

Expert Assigned

A qualified Chartered Accountant is assigned to you.

Step 3

GST Return Filing

Finally, CA will start your filing your GST Returns after recieving the basic documents and keep you updated.

Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme under GST

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 facilitate small taxpayers whose turnover is less than Rs.5 crores.

The QRMP scheme allows the taxpayers to:

  1. Who is eligible for the QRMP scheme?
    A 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, is eligible for the QRMP Scheme.
    Further, in case the aggregate turnover exceeds five crore rupees during any quarter in the current financial year, the registered person shall not be eligible for the scheme from the next quarter.
    Aggregate annual turnover for previous year – To be calculated on basis of details furnished on GST portal.
    The scheme is optional and came into effect from 1 January 2021.
  2. How to exercise Option for QRMP Scheme?
    A registered person who intends to file his GSTR-3B quarterly should indicate the same on GST portal, from the 1st of the second month of the preceding quarter until the last day of the first month of the quarter for which such option is being exercised.
    For example: If A wishes to file quarterly returns for the quarter of Jan-Mar 2021, he should opt for quarterly filing on the common GST portal between 1st November 2020 and 31st January 2021.
    Once the registered person has opted for quarterly filing, he will have to continue to furnish his return every quarter for all future tax periods, except in the following situations:
    • If the taxpayer becomes ineligible for furnishing a quarterly return (for example, if the aggregate turnover crosses Rs.5 crore during a quarter
    • If the taxpayer opts to furnish GSTR-3B on a monthly basis.
    • A registered person will not be eligible to opt for furnishing quarterly returns if the last return, which was due on the date of exercising such an option has not been furnished.
  3. Deemed monthly/quarterly filing of GSTR-3B
    The GSTN case of registered persons falling in the categories specified in the table below, who have furnished their GSTR-3B return for October 2020 by 30th November 2020, it shall be deemed that they have opted for monthly or quarterly filing as detailed below-

    S.No. Class of Registered Persons Deemed Option
    1. Registered individuals with an aggregate turnover of up to Rs.1.5 crore, who have furnished Form GSTR-1 quarterly in the current financial year Quarterly GSTR-3B
    2. Registered persons with an aggregate turnover of up to Rs.1.5 crore, who have furnished Form GSTR-1 monthly in the current financial year Monthly
    GSTR-3B
    3. Registered persons having an aggregate turnover exceeding Rs.1.5 crore and up to Rs.5 crore in the preceding financial year Quarterly GSTR-3B

    "The taxpayers referred to in the Sl. No. 2 in the above table can change the default option and opt for quarterly GSTR-3B filing between 5th December 2020 and 31st January 2021."

  4. How to submit details of outward supplies?
    The taxpayers who opted for the QRMP scheme can use the Invoice Furnishing Facility (IFF) which allows quarterly GSTR-1 filers to upload their invoices every month. One should keep the following points in mind before utilising the IFF:
    • The IFF can be utilised only for the first two months of a quarter.
    • The invoices relating to the last month of a quarter are to be uploaded in the GSTR-1 return only.
    • There is no requirement to upload invoices in GSTR-1 if the same has been uploaded in the IFF.
    • The taxpayer has to submit the B2B invoice details of sale transactions (both inter-state and intra-state) along with debit and credit notes of the B2B invoices issued during the month.
    • The total net value of invoices that can be uploaded is restricted to Rs.50 lakh per month.
    • The details submitted in IFF will be reflected in the GSTR-2A, GSTR-2B, GSTR-4A or GSTR-6A of the recipients.
  5. How to make monthly tax payments under the QRMP scheme?
    The taxpayer has to deposit tax using form GST PMT-06 by the 25th of the following month, for the first and second months of the quarter.
    The taxpayers can pay their monthly tax liability either:
    • Fixed Sum Method (FSM) or
    • Self-assessment Method (SAM).

    Fixed Sum Method (FSM):
    The taxpayer must pay an amount of tax mentioned in a pre-filled challan in the form GST PMT-06 as follows:

    S.No. Type of Taxpayer Tax to be paid
    1. Who furnished GSTR-3B quarterly for the last quarter 35% of tax paid in cash in the preceding quarter
    2. Who furnished GSTR-3B monthly during the last quarter 100% of tax paid in cash in the last month of the immediately preceding quarter

    Self-assessment Method (SAM):
    This is the existing method where a taxpayer can pay the tax liability by considering the tax liability on inward and outward supplies and the input tax credit available.
    Tax to be paid = Tax liability on Outward Supplies- Input Tax Credit available**
    **Form GSTR-2B may be used to ascertain the amount of ITC available for the month.
    It is to be noted that a registered person will not be eligible for the said procedures unless he has furnished the all returns for the tax period preceding such month.

  6. Due dates for filing quarterly GSTR-3B

    The due dates filing quarterly GSTR-3B has been notified as follows:

    S.No. GST Registration in States and Union Territories Due Date
    1. Chhattisgarh, Madhya Pradesh, Gujarat, Dadra and Nagar Haveli, Daman and Diu, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh 22nd of the month succeeding such quarter
    2. Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Mizoram, Manipur, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha 24th of the month succeeding such quarter
  7. Interest under QRMP scheme

    The interest will be applicable as follows if the taxpayer opts for Fixed Sum Method (FSM):

    S.No. Scenario Interest to be paid
    1. Tax liability mentioned in pre-filled form GST PMT-06 is paid by 25th of the following month Nil
    2. Tax liability mentioned in pre-filled form GST PMT-06 is not paid by 25th of the following month 18% of the tax liability (from 26th of the following month till the date of payment)
    3. The final tax liability for the first two months is less than or equal to the amount paid through pre-filled form GST PMT-06 Nil
    4. The final tax liability for the first two months is higher than the tax amount paid through pre-filled form GST PMT-06, and such excess liability has been paid within quarterly GSTR-3B due date Nil
    5. The final tax liability for the first two months is higher than the tax amount paid through pre-filled form GST PMT-06, and such excess liability has not been paid within quarterly GSTR-3B due date 18% of the tax liability (from GSTR-3B due date* till the date of payment)

    *22nd or 24th of the month succeeding such quarter based on the state of the taxpayer.

    The interest will be applicable as follows if the taxpayer opts for Self Assessment Method (SAM):

    The taxpayer has to pay interest @ 18% on the net tax liability which remains unpaid or paid beyond the due date for the first two months of the quarter.

    It is important to note that the taxpayer has to pay interest @18% if there is any late payment of tax in the third month of a quarter. This is applicable irrespective of Fixed Sum Method (FSM) or Self-ssessment Method (SAM).

  8. Late fee under QRMP scheme

    The late fee should be paid as follows if the quarterly GSTR-3B is not filed within due date, subject to a maximum late fees of Rs 5,000:

    Name of the Act Late fee for everyday of delay Late fee for everyday of delay(in case of ‘Nil’ tax liability)
    CGST Act Rs.25 Rs.10
    SGST Act Rs.25 Rs.10
    IGST Act Rs.50 Rs.20

    However, it is clarified that no late fee is applicable for delay in payment of tax in the first two months of the quarter in form GST PMT-06.