Don’t Forget to Avail the Benefit of QRMP Scheme in GST before 31 January, 2021

  • Don’t Forget to Avail the Benefit of QRMP Scheme in GST before 31 January, 2021

Government has launched Quarterly Return Monthly Payment (QRMP) Scheme in GST in order to accomplish the target of Ease of Compliance and Ease of Doing Business. QRMP scheme is for small taxpayers to file their FORM GSTR-1 and FORM GSTR-3B returns on quarterly basis while paying their tax dues monthly through a simple challan.

To avail the benefit of this scheme, government has notified due dates, after which we can not avail the benefit of this scheme for particular quarter and can only avail in next quarter. For the quarter January- March, 2020, the due date to opt QRMP Scheme is 31st January, 2021. So, don’t forget to avail the benefit of QRMP scheme in GST before 31 January, 2021 for the said quarter.

To know about this scheme and its FAQs, Please Click Here

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