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
The Taxpayers are not required to deposit any amount in the first 2 months if
GST Accounting Software Price: FREE for 1st year in India refer pricing for other countries such as India, Australia, Malaysia, Nepal, Pakistan, Singapore, Sri Lanka, & UK
Easiest GST ready Accounting software