Home > GST > Help Center > QRMP Scheme Last Updated: Sep 23rd 2022
Quarterly Return Monthly Payment (QRMP) scheme proposed under GST tax regime is to reduce the compliance burden on Small Businesses. Covering Eligibility for the QRMP Scheme, Effective date, Time Limit for availing QRMP scheme, Monthly Payment of Tax, Special Cases, Applicability of Interest
As part of "Ease of doing Business" (EODB) and to provide relief to small tax payers, CBIC has introduced the "Quarterly Return Monthly Payment" (QRMP) Scheme in its 42nd GST Council Meeting. QRMP Scheme is applicable to the taxpayers whose turnover is less than or equal to 5 crores in the preceding financial year.
The following dealers (person / business / entity) can opt for QRMP Scheme i.e., pay tax on Monthly basis and file returns Quarterly.
QRMP Scheme is effective from Jan 01st 2021. This scheme is applicable from Jan to March 2021 Quarter
Note: The registered person must have furnished the last return, as due on the date of exercising such option to avail QRMP Scheme
Mr Ram wants to avail QRMP scheme for July to Sep 2021 Quarter. He can exercise this from May 1 2021 to July 31 2021.
If Mr Ram is exercising this on June 27, he should have filed GSTR 3B for May 2021 before June 22/24
The Taxpayers are not required to deposit any amount in the first 2 months if
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