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Points To Remember While Filing GSTR-1 For Jan-Mar 2021 Under QRMP Scheme

The Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme under GST was introduced on 1 January 2021 for Taxpayers having an aggregate annual turnover of less than INR 5 Crores. Under this scheme, the notified Taxpayers have an option to file GSTR-3B on a quarterly basis and pay tax every month. Furthermore, Taxpayers … Read morePoints To Remember While Filing GSTR-1 For Jan-Mar 2021 Under QRMP Scheme

How To Change The Profile Under The QRMP Scheme?

Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is the Government’s initiative to simplify GST compliance for small Taxpayers. Under this scheme, Taxpayers having an aggregate turnover at PAN level up to INR 5 crore can opt for filing GSTR-1 and GSTR-3B quarterly. In addition to this, tax payments can be made in the first … Read moreHow To Change The Profile Under The QRMP Scheme?

How To Make Tax Payments Under The QRMP Scheme?

The Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme was launched on 1 January 2021 for GST registered persons having Annual Aggregate Turnover (AATO) less than INR 5 Crores. Under this scheme, eligible Taxpayers can file GSTR-1 and GSTR-3B quarterly and pay tax on a monthly basis. Note: This facility can be availed … Read moreHow To Make Tax Payments Under The QRMP Scheme?

QRMP Scheme – Analysis and Implications

To reduce the burden of filing monthly GST returns, the Central Board of Indirect Taxes and Customs (CBIC) has introduced the Quarterly Return Monthly Payment (QRMP) Scheme (Circular CBEC-20/01/08/2020-GST dated 10 November 2020). In this article, we will discuss the key features and analyse the QRMP scheme: Who Can Opt For The QRMP Scheme? How … Read moreQRMP Scheme – Analysis and Implications