GST - QRMP Scheme for Small Taxpayers

Know your GST - QRMP Scheme

Quarterly Return with Monthly Payment

Central Board of Indirect Taxes and customs launches QRMP scheme for small GST taxpayers. It is Quarterly-Return and Monthy-Payment. In this scheme, eligible tax payers can opt for filing quarterly return instead monthly but they need to do the monthly payment. Dates are open for opting in for first quarter of FY 2021-22 till 30-Apr-2021. Please do it if you are eligibile and want to avail this facility.

For opting-in in this facility, please

• Login to GST Portal
• Goto Services -> Returns -> Opt-In for Quarterly Return
• Select Financial Year
• Choose Quarterly and submit.

GST department has notified FAQ for this scheme as well as per below link:

[Full FAQ List on QRMP Scheme]

For benefit of users, some of important question and answers are given below:

• 1. What is “Quarterly Returns with Monthly Payment (QRMP)” Scheme?

Ans: QRMP scheme is for small taxpayers to file their FORM GSTR-1 and FORM GSTR-3B returnson quarterly basis while paying their tax dues monthly through a simple challan.

• 2. Is this scheme available to everyone?

Ans: No.This scheme is available only to those who are liable to file FORM GSTR-1 and FORM GSTR-3B returns. also All taxpayers whose aggregate turnover is up toRs. 5 Crore in the current and preceding financial year and have filed their last due GSTR-3B return are eligible for this scheme.

• 3. Can I avail the scheme at any time?

Ans: You can opt in or opt outof the schemeas follows:-
Q1 (April –May -June) - 1stFebruary to 30thApril
Q2 (July –August –September) - 1stMay to 31stJuly
Q3 (October –November –December) - 1stAugust to 31stOctober
Q4 (January –February –March) - 1stNovember to 31stJanuary

• 4.Do I need to enter the scheme every quarter to avail its benefit?

No, once opted in, the scheme will continue for you, unless you decide to exit or opt out.

• 5.Do I have to do anything in the first two months of the quarter?

Yes, you have to generate a payment challan for the first two months of the quarter. You have an option to either self-assess your liability or pay 35% of cash liability paid in the FORM GSTR-3B for the last quarter (in case of where GSTR 3B was filed quarterly) or 100% of the cash liability paid in the FORM GSTR-3B for the last month (in case where FORM GSTR-3B was filed monthly) through a challan. However, you do not have to take any action in the following cases:-a)Aggregate balance in your electronic cash ledger and electronic credit ledger is greater than liability for that month.
b)You have No or Nil liability for that month.

• 6. By when do I have to deposit such amount?

Generally, Challan is to be generated by the 25thof the next month. For example, for the month of January challan has to be generated by 25thof February. However, there may be instances where such date may be extended by the Government.

7. I am a quarterly taxpayer; will I see my GSTR-2A and 2B also quarterly now?

GSTR-2A and GSTR-2B will be continued to be made available every month. GSTR-2B’s quarterly view will also be made available. This will be made available under the return tab for the third month of the quarter. However, there will be no quarterly view of GSTR-2A.

• 8. Do I have to do anything in the last month of the quarter?

Yes, you have to file your FORM GSTR-1 and FORM GSTR-3B for the quarter. For example, for the quarter Jan-Mar, you have to file your FORM GSTR-1 and FORM GSTR-3B for the month of March.

• 9. What will be the last date for filing of FORM GSTR-3B and FORM GSTR-1 for the quarter?

Generally, the last date of filing of GSTR-1 for the quarter will be 13th of the month succeeding such quarter. For example, for the quarter of Jan-March, the last date of GSTR-1 would be 13thof April. Generally, the last date of filing of FORM GSTR-3B for the quarter will be as given in table below. For example, for the quarter Jan-March, for a taxpayer whose principal place of business is Gujarat, the last date of GSTR-3B would be 22nd of April.

Sr. No.	Class of registered persons	Due Date
1.	Registered persons whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep,	22ndof the month succeeding such quarter
2.	Registered persons whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi	24th of the month succeeding such quarter.

Taxpayers are advised to check updated notifications etc. for change in dates.

• 10. What is invoice furnishing facility (IFF)?

An additional facility has been provided to taxpayers to file their invoices in month M1 and M2. The facility will be similar to FORM GSTR-1 but will allow filing for only B2B invoices, credit notes, debit notes etc.

11. Do I need to compulsorily file my invoices in M1 and M2 of every quarterin theIFF? and Will this option be available every month?

No, this is an optional facility and Yes, this option will be available for month M1 and M2 for every quarter. The option to file such invoices will also expire by the 13thof the next month. For example, the facility for the month of January will expire by 13thof February.

• 12.Can I late file my invoices after the 13thof the month?

No, this option will close after the 13thof the month. Any invoices remaining may be filed using the IFF of the subsequent month or in the quarterly GSTR-1.

• 13. Can quarterly filers file Nil return through SMS?

Yes, Quarterly taxpayers may send the following SMS to 14409 to file a Nil GSTR-1 or Nil FORM GSTR-3B:

(a) NIL 3B GSTIN MMYYYY

(b) NIL R1 GSTIN MMYYYY

(c) MM should be the last month of the quarter for which the return is being filed. For example, for the month of June 2020, taxpayer shall send NIL 3B XXXXXXXXXXXXXXX 062020 to 14409.

(d) For more details on Nil filing by SMS. Click here

• 14. .Will refund be allowed for quarterly filers?

Yes, quarterly taxpayers may apply for refunds, if eligible, after filing their FORM GSTR-3B for the quarter.

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