Tag: QRMP SCHEME

Attention GST Taxpayers Who Are Under QRMP Scheme

Attention GST taxpayers who are under QRMP Scheme and having principal place of business in Group-2 states. The last date to file GSTR-3B Return for the quarter January- March 2022 is 24th April 2022. Late filing of GSTR-3B Return will attract late fees and interest.

Group-2 states: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi.

Alert For Taxpayers Who Are Under QRMP Scheme in GST

Attention Taxpayers who are under QRMP Scheme in GST.

Today is the last date to file your GSTR-1 Return for the quarter October, 2021 to December, 2021.

If you will not file your GSTR-1 return for the said quarter today, then corresponding ITC will not be available to buyers in their GSTR-2B as per section 16(2)(aa) of CGST Act. So, it is very important to file GSTR-1 return for the quarter October, 2021 to December, 2021 by today.

Tax Concept’s Representation Seeking Extension Of Due Dates For Filing GSTR-1/ IFF For The Month Of October 2021 Due To Festivals Like Dhanteras, Deepawali And Chhath Puja

Ref.: TC/GST/21-22/1

Date: 09.11.2021

To,

The Central Board of Indirect Taxes and Customs,

North Block, New Delhi- 110001

Sub.: Request for extension of due dates for filing GSTR-1/ IFF for the month of October 2021 due to festivals like Dhanteras, Deepawali and Chhath Puja.

Respected Madam/ Sir,

Tax Concept is a well known platform formed for the professionals. The platform is educating 2.5 million professionals through its website.

The aim of the platform is to educate and serve professionals in a better way.

Representation started…

The nation was busy in celebrating the auspicious festivals Dhanteras and Deepawali from 2nd November to 5th November 2021.

After these festivals, Chhath Puja will be celebrated in the states of Bihar, Jharkhand, Odisha, West Bengal and Uttar Pradesh.

Due to these festivals, taxpayers and professionals are not able to file GSTR-1/ IFF on time. Also, late filing of GSTR-1 attracts late fees and IFF cannot be filed after due date. So, to save the registered taxpayers from paying unnecessary late fees and for seamless flow of credit, your good self are kindly requested to extend the due dates for filing GSTR-1/ IFF for the month of October 2021.

Thanking You

Yours Faithfully,

Team Tax Concept

Removing Doubts: What is The Actual Due Date for Claiming ITC of FY 2020-21

Almost all taxpayers and professionals are thinking that last date for claiming ITC of FY 2020-21 is 20th October 2021. But it is not correct.

To understand this, let read the lines of section 16(4):

“A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or debit note pertains or furnishing of the relevant annual return, whichever is earlier.

The section is saying that last date for claiming ITC of any FY is the last date for filing GSTR-3B return for the month of September of next FY relating to such FY.

Now, please note that there are three types of due dates in GSTR-3B return as of now:

Taxpayers who have opted QRMP Scheme and whose principal place of business is in the state of Chhattisgarh, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh: 22nd October 2021.

Taxpayers who have opted QRMP Scheme and whose principal place of business is in the state of Jammu and Kashmir, Laddakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha: 24th October 2021.

Taxpayers who are not in QRMP Scheme: 20th October 2021.

So the last date for claiming ITC of FY 2020-21 is 20th October 2021, 22nd October 2021, 24th October 2021 based on situation of principal place of business and whether the taxpayer has opted QRMP Scheme or not.

Business Concept’s Daily E-News Letter- 25-09-2021 Only for TC VIP Users

Business Concept’s Daily E-News Letter- 25-09-2021

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GST & Income Tax

Net Direct Tax Collections Till September 22 Grews 74%, Says Finance Ministry

Gross direct tax collections at the near-halfway mark of the current fiscal year grew 47 percent, while net tax collections rose by 74 percent, the Finance Ministry said on September 24. In a statement, the ministry said that as of September 22, net direct tax collections stood at Rs 5.71 lakh crore, a jump of …

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Attention GST Taxpayers Who are Under QRMP Scheme

Attention GST Taxpayers who are under QRMP Scheme! Deposit due tax liability for August, 2021 by using Form/Challan PMT-06 by September 25, 2021…

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Govt. Withdraws COVID-Linked Expenditure Restrictions

The Finance Ministry on Friday withdrew expenditure curbs on various departments and ministries imposed in June in the wake of the COVID-19 second wave, reflecting improvement in public finances and the urgency to step up growth. The expenditure restrictions are being withdrawn with immediate effect following a review of the guidelines, said an office memorandum …

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Business & Economy

Bank Holidays October 2021: Banks to Remain Closed for 21 Days. Full List Here

According to the Reserve Bank of India’s (RBI) list of official bank holidays for the month of October, banks will be closed for a variety of reasons. The forthcoming calendar month is jam-packed with vacations and festivities, and many banks across India will be closed during that time. In total, banks can anticipate roughly 21 …

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Forex Reserves Down by $1.47 Billion to $639.64 Billion

The country’s foreign exchange reserves declined by $1.47 billion to $639.642 billion in the week ended September 17, RBI data showed on Friday. In the previous week ended September 10, 2021, the reserves had dipped by $1.34 billion to $641.113 billion. The reserves had surged by $8.895 billion to a lifetime high of $642.453 billion …

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TATA Group, RIL Lead as Largest Wealth-Creator for Shareholders in 2021

Indian equity markets have been on a roll. It was a magical Friday for Dalal Street, as the benchmark index Sensex touched and crossed 60,000 for the first time ever. The last 10,000 points were added in just 246 days. Broader Nifty has also set its sight on 18,000, just shy of 150 points. Retail …

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Bitcoin Tumbles After China Declares All Cryptocurrency Transactions illegal

China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes. “Virtual currency derivative transactions are all illegal financial …

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Woman Professionals Should Come Forward to Work in the Indian Real Estate Sector: Housing Secretary

Women professionals should come forward to work in the Indian real estate sector, which has immense potential due to rapid urbanisation in the country, Housing and Urban Affairs Secretary Durga Shanker Mishra said on September 24. “RERA law has brought trust in the market. So, women professionals should come forward to work in this industry…

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Recent updates in GST

Summary of Recent updates in GST

  1. Important changes in QRMP Scheme
  2. Upcoming functionalities to be deployed on GST Portal
  3. GSTN enables Request for adjournment for Personal Hearing in GST portal
  4. Enabled mechanism to disallow use of same Certificate of Origin number in more than one Bill of Entry (BOE) in certain cases w.e.f. July 08, 2021
  5. Extended WFH facility for all SEZ Units under MEPZ SEZ up to December 31, 2021
  6. The DGFT issued Trade Notice 08/2021-22 dated July 08, 2021 w.r.t. acceptance, processing and issuance of claims under MEIS, SEIS,  ROSL, ROSCTL in the DGFT IT modules on hold for a temporary  period due to change in allocation procedure
  7. Recent AAR & Judicial Decisions pronouncement 

Recent updates in GST

1) Important changes in QRMP Scheme implemented on the GST Portal  for the taxpayers: 

  •  Auto population of GSTR-3B liability from IFF and Form GSTR 1– A taxpayer under QRMP  Scheme can declare their liability through optional IFF for Month 1 and Month 2 of a quarter &  Form GSTR-1 for Month 3 of that quarter. Declaration of liability in these forms would now be auto-populated in their Form GSTR-3B (Quarterly) for that quarter, based on their filed Form  GSTR-1 and IFF. These fields are editable and in case their values are revised upwards or  downwards, the edited field(s) would be highlighted in red colour and a warning message will  be displayed to the taxpayer.
  •   Nil filing of Form GSTR-1 (Quarterly) through SMS – Nil filing of Form GSTR-1 (Qtrly)  through SMS has been enabled for taxpayers under QRMP Scheme. However, NIL filing  through SMS can’t be done in following scenarios (i) If IFF for Month 1 or 2 of a quarter is in  Submitted stage, but not Filed, or (ii) If invoices are Saved in IFF for Month 1 or 2 of a quarter,  which was not submitted or filed by due date.
  •  Impact of cancellation of registration on liability to file Form GSTR-1– In case registration  of a taxpayer under QRMP Scheme is cancelled, with effective date of cancellation being any  date after 1st day of Month 1 of a quarter, they would be required to file Form GSTR-1 for the  complete quarter, as the last applicable return. For example if the taxpayer’s registration is  cancelled w.e.f. 1st of April, he/she is not required to file Form GSTR-1 for Apr-June quarter  and Form GSTR-1 for Jan-Mar Quarter shall become the last applicable return. However, if the  registration is cancelled on a later date during the quarter, the taxpayer would be required to  file Form GSTR-1 for Apr-June quarter. In such cases the filing will become open on 1st of  month following the month with cancellation date i.e. if cancellation has taken place on 20th  May, Form GSTR-1 for Quarter Apr-June can be filed anytime on or after 1st of June.

2)Upcoming functionalities to be deployed on  GST Portal for the Taxpayers in the month of  July, 2021:

As part of our constant endeavour to provide a smooth and hassle free experience to the taxpayers and simplify the process of meeting GST compliances, following changes were recently deployed/ would be deployed shortly, on the GST portal:

Sl.NoModuleForm/ FunctionalityFunctionality released/ to be released for TaxpayersCurrent status of deployment
1RegistrationTimelines for filing of Application for Revocation of Cancellation of Registration in Form GST REG-21♦ In view of the spread of pandemic COVID-19 across many parts of India, vide Notification No 14/2021-CT, dated 1st May, 2021, read with vide Notification No 24/2021-CT, dated 1st June, 2021, the Government had extended the date for filing of various applications falling during the period from the 15th April, 2021 to 29th June, 2021, till 30th June, 2021.  ♦ In addition to this, timeline for filing of Application for Revocation of Cancellation of Registration, which were due on 15th of April 2021, had also been extended till 30th June 2021 on the GST Portal. ♦ Accordingly, these extensions have now ceased to be effective w.e.f. 1st July, 2021, and timelines for filing of application for revocation of cancellation is now changed to 90 days (as was earlier) on the GST Portal, from date of Order of Cancellation of Registration in Form GST REG-19.Deployed on 1st July, 2021
2ReturnsInformation regarding late fee payable provided in Form GSTR-10♦ Taxpayers whose registration is cancelled, at the time of filing of last return in Form GSTR-10, will now be provided with details of late fee payable by them, for the delayed filing of any of the previous returns/ statements in a table, for their assistance in filing of said return by them.   ♦ This information can be viewed by clicking on a hyperlink provided under the column “Late Fee Payable” in the online Form GSTR- 10.—
3ReturnsAuto-population of data in Form GSTR-11 on basis of Forms GSTR-1 / 5 filed by their suppliers♦ The UIN holders file details of their inward supplies in Form GSTR-11 on a quarterly basis. They can subsequently file for refund (if required) in Form GST RFD- 10, for the quarter, in which summary of the documents is auto-populated from their Form GSTR-11, in an editable mode   ♦ Form GSTR-11 of the UIN holder would be generated with details of their inward supplies, on basis of Forms GSTR-1 / 5 filed by their suppliers, which will subsequently help them in filing their refund claims—

3) GSTN enables Request for adjournment for Personal Hearing in GST  portal:  

The GSTN have enabled the Request for an adjournment for Personal Hearing (PH) in the  Goods and Service Tax (GST) portal. Adjourns the personal hearing already fixed and enables  the next personal hearing. The officer has to select the date and time and issue a personal  hearing notice. Adjournments are limited to a maximum of three times. The request can be  filed by logging in the GST portal and filling up the details namely date of hearing and time of  hearing for personal hearing, request for an adjournment for personal hearing, the due date to reply to the Show Cause Notice, request for extension of the due date for replying to the Show  cause notice and upload the supporting documents.

4) Enabled mechanism to disallow use of same Certificate of Origin number in more than one Bill of Entry (BOE) in certain cases w.e.f. July 08, 2021:

The Office of the Pr. Commissioner of Customs (Ns– I), issued Public Notice No. – 64/2021 dated  July 07, 2021 for enabling additional checks for Certificate of Origin (“CoO”) Declaration in Bill  of Entry (“BOE”) on System.  

5) Extended WFH facility for all SEZ Units under MEPZ SEZ up to  December 31, 2021:  

The Madras Export Processing Zone (“MEPZ”) Special Economic Zone (“SEZ”), Chennai issued  Circular No. MEPZ/10/1/2009/IA1 dated July 08, 2021 to grant Work from Home (“WFH”)  facility for all SEZ Units under MEPZ SEZ up to December 31, 2021 or until further orders,  whichever is earlier.

6)The DGFT issued Trade Notice 08/2021-22 dated July 08, 2021 w.r.t.  acceptance, processing and issuance of claims under MEIS, SEIS,  ROSL, ROSCTL in the DGFT IT modules on hold for a temporary  period due to change in allocation procedure:  

Members of the Trade and Industry are informed that issuance of benefits/scrips under MEIS,  SEIS, ROSL and ROSCTL Schemes would be on hold for a temporary period due to changes in  the allocation procedure. During this period, no fresh applications would be allowed to be  submitted at the online IT module of DGFT for these schemes and all submitted applications  pending for issuance of scrips would also be on hold. Trade would be suitably informed, once  issuance of scrips is opened again. 

7) Recent AAR & Judicial Decisions:-  

(i) The Decision of Hon’ble Madras High Court Regarding Substantial benefit under  MEIS scheme cannot be denied for inadvertent human error: (Applicant – M/s K. I. International Ltd.) The Hon’ble Madras High Court in K.I. International Ltd. v. the Commissioner of Customs  (Appeal) [W.P. No. 16328 of 2020 dated June 23, 2021] set aside the order passed by the  Revenue Department rejecting the claim of the assessee that disentitled the assessee from  claiming the benefits under the Merchandise Export from India Scheme ( “the MEIS Scheme” )  and held that, the assessee will be entitled for such benefits and the shipping bills reveal a  clear intention of the assessee to avail benefit under the MEIS Scheme and directs the Revenue  Department to grant consequential benefits within 8 weeks.  

(ii) AAR On Engineering Design and Other Technical Advisory Services carried out in  India constitute a supply as ‘Intermediary Services’:   (Applicant –M/s. Airbus Group India Private Limited) The Karnataka Authority of Advance Ruling (AAR) ruled that the Engineering design and other  technical advisory services carried out in India constitute a supply as “Intermediary services”.  The applicant Airbus Group India Private Limited provides engineering design and other  technical advisory services which include marketing support, customer support services, flight  maintenance training, flight operations support, flight pilot training, etc. They also provide  maintenance, repairs and overhaul services, agency services, renting of assets and trading of  spares and parts of helicopters.   The applicant sought the advance ruling on the issue Whether the activities carried out in  India by the Applicant would constitute a supply of “Other support services” falling under HSN  code 9985 or as “Intermediary service” classifiable under HSN code 9961/9962 or any other  classification of services as specified under various Tariff entries of rate notification issued  under Goods and Services Tax law HELD The activities carried out in India by the Applicant  would constitute a supply as Intermediary services classifiable under SAC 998599.

(iii) AAR On 12% GST Payable on Banana/Jackfruits/ Tapioca/ Sarkaraupperi Chips: (Applicant –M/s. Aswath Manoharan)  Banana Chips are classifiable under Customs Tariff Heading 2008.19.40 and is liable to GST at  the rate of 12% [6% – CGST + 6% – SGST] as per Entry at Sl No. 40 of Schedule II of  Notification No.01/2017 Central Tax (Rate) dated 28.06.2017. Jackfruit Chips are classifiable under Customs Tariff Heading 2008.19.40 and is liable to GST at  the rate of 12% [6% – CGST + 6% – SGST] as per Entry at Si No. 40 of Schedule II of  Notification No.01/2017 Central Tax (Rate) dated 28.06.2017.   Tapioca Chips are classifiable under Customs Tariff Heading 2008.19.40 and is liable to CST at  the rate of 12% [6% – CGST + 6% – SGST] as per Entry at Sl No. 40 of Schedule II of  Notification No.01/2017 Central Tax (Rate) dated 28.06.2017.   Jaggery Coated Banana Chips [Sarkaraupperi] are classifiable under Customs Tariff Heading  2008.19.40 and is liable to GST at the rate of 12% [6% -CGST + 6% – SGST] as per Entry at S1  No. 40 of Schedule II of Notification No.01/2017 Central Tax (Rate) dated 28.06.2017.  

(iv) AAR On No GST on payment of examination fee on behalf of students to AAPC as a  pure agent:   (Applicant – M/s. Cigma Medical Coding Pvt Ltd.)  The collection and payment of examination fee to AAPC by the applicant on behalf of the  students who are enrolled for training with the applicant is not liable to GST subject to  fulfilment of the conditions stipulated under Rule 33 of CGST Rules 2017.   The collection and payment of examination fee to AAPC by the applicant on behalf of outside  students (who are not enrolled for training with the applicant) without collecting any service  charge either from students or AAPC is not liable to GST for the reasons as detailed in Para 7.7  above.   This authority has no jurisdiction to issue ruling on the question as the question not being in  respect of any of the matters on which advance ruling can be sought, this authority is not  having jurisdiction to give ruling on the question.

Disclaimer: The purpose of this is to share knowledge and it is for education purpose only. This does NOT constitute NOR does this form part of neither it is to be construed as, A LEGAL OPINION. The analysis is solely based on the reading abilities of the Author. They may be correct/incorrect as per you. No representation or warranty, express or implied, is made or given in respect of any information provided. UNDER NO circumstances should any recipient rely on this communication as a basis for any legal decision. The views expressed are of personal to the author. They do not reflect the views of any organization he may be directly/indirectly associated with. Neither author nor any of its affiliates accepts any legal liability, or responsibility, for, or provides any assurance or guarantee of accuracy, authenticity, completeness, correctness, dependability, reliability, suitability or timeliness of, any part of this article. The contents of this article are based only on the understanding of the Law, Rules, Notifications, etc. of the author and THEY ARE NOT BASIS FOR ANY LEGAL OPINION.

GSTN Shares Insights on Important Changes Related to QRMP Scheme Implemented on the GST Portal for the Taxpayers

Few important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers are as given below:

A.Auto population of GSTR-3B liability from IFF and Form GSTR 1 : A taxpayer under QRMP Scheme can declare their liability through optional IFF for Month 1 and Month 2 of a quarter & Form GSTR-1 for Month 3 of that quarter. Declaration of liability in these forms would now be auto-populated in their Form GSTR-3B (Quarterly) for that quarter, based on their filed Form GSTR-1 and IFF. These fields are editable and in case their values are revised upwards or downwards, the edited field(s) would be highlighted in red colour and a warning message will be displayed to the taxpayer. However, the system would not prevent taxpayer from filing of Form GSTR-3B with edited values.

B.Nil filing of Form GSTR-1 (Quarterly) through SMS : Nil filing of Form GSTR-1 (Qtrly) through SMS has been enabled for taxpayers under QRMP Scheme. They can now file it by sending a message in specified format to 14409. The format of the message is < NIL > space < Return Type (R1) > space< GSTIN > space < Return Period (mmyyyy) > .
Example: NIL R1 07XXXXX1234H8Z6 062020 (where return period must be last month of the quarter)

However, NIL filing through SMS can’t be done in following scenarios:
•If IFF for Month 1 or 2 of a quarter is in Submitted stage, but not Filed.
•If invoices are Saved in IFF for Month 1 or 2 of a quarter, which was not submitted or filed by due date.

C.Impact of cancellation of registration on liability to file Form GSTR-1 : In case registration of a taxpayer under QRMP Scheme is cancelled, with effective date of cancellation being any date after 1st day of Month 1 of a quarter, they would be required to file Form GSTR-1 for the complete quarter, as the last applicable return. For example if the taxpayer’s registration is cancelled w.e.f. 1st of April, he/she is not required to file Form GSTR-1 for Apr-June quarter and Form GSTR-1 for Jan-Mar Quarter shall become the last applicable return. However, if the registration is cancelled on a later date during the quarter, the taxpayer would be required to file Form GSTR-1 for Apr-June quarter. In such cases the filing will become open on 1st of month following the month with cancellation date i.e. if cancellation has taken place on 20th May, Form GSTR-1 for Quarter Apr-June can be filed anytime on or after 1st of June.

D.For more details, please click on:

1)https://tutorial.gst.gov.in/userguide/returns/index.htm#t=FAQs_IFF.htm
2)https://tutorial.gst.gov.in/userguide/returns/index.htm#t=Manual_IFF.htm
3)https://tutorial.gst.gov.in/userguide/returns/index.htm#t=Creation_of_Outward_Supplies_Return_in_GSTR-1.htm
4)https://tutorial.gst.gov.in/userguide/returns/index.htm#t=Create_and_Submit_GSTR3B.htm

The above is for your information and necessary action please.

Important changes related to QRMP Scheme

Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers. 

Summary of changes

1) Auto population of GSTR-3B liability from IFF and Form GSTR 1.

2) Nil filing of Form GSTR-1 (Quarterly) through SMS.

3) Impact of cancellation of registration on liability to file Form GSTR-1.

Compilation of Reliefs Provided in GST Compliance as well as GST Payment in the Wake of Second Wave of COVID-19

As Indian businesses are severely affected from the second wave of COVID-19, the government has provided reliefs in GST compliance as well as payment. The compilation of these reliefs are as under for the kind reference of taxpayers and professionals:

(1.) Waiver of interest and late fee to normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers, for the tax periods of March and April, 2021

Government has granted waiver from payment of interest and/or late fee to normal (Monthly/ Quarterly) & composition taxpayers for the tax periods of March and April, 2021, through Central Tax Notification Nos. 08/2021 and 09/2021, both dated 1st May, 2021. The details are attached below:

(2.) Extension in due dates of various GST Compliances for GST Taxpayers

Government has extended the due dates of various compliances by Taxpayers under GST, through Central Tax Notification Nos. 10/2021, 11/2021, 12/20211, 13/2021, 14/2021, all dated 1st May, 2021. The details are attached below:

(3.) Extension of the due date of filing Revocation application of Cancellation

In view of the Notification No. 14/2021 dated 01.05.2021, the timeline for filing the ‘Application for Revocation of Cancellation’ has been extended for those applicants, for whom the due date to file the same falls between 15 April to 30th May, 2021. Now, they can file the said application till 31st May, 2021.

New features of Form GSTR-2B & GSTR-3B made available to taxpayers under QRMP Scheme

  1. The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized below.
  2. Auto Generation of Form GSTR-2B, for the QRMP taxpayers

    a)Form GSTR-2B contains details of filed IFFs (for Month M1 & M2) & filed Form GSTR 1 (for Month M3).
    b)Form GSTR 2B has two sections of ITC i.e. ITC available and ITC not available (which flows from the supplier’s filed IFF & Form GSTR-1, imports etc). It also contains tax liability of the taxpayer (which flows from the taxpayers own filed IFF & Form GSTR-1).
    c)Taxpayers can view and download their system generated Quarterly Form GSTR-2B for Jan-March, 2021 quarter, by clicking on Auto-drafted ITC statement for the quarter on 14th April, 2021, by selecting the last month of the quarter (M3).
    d)The default view of Form GSTR-2B is quarterly. However to view Form GSTR-2B of a particular month (M1, M2 or M3), taxpayer has an option to select appropriate month, from the view drop-down to view that month’s data.
    e)A hyperlink ‘View advisory’ has also been provided, which on clicking displays the criteria/ cut-off dates considered for quarterly GSTR-2B as a pop-up, with details of Supplies from/type i.e. Monthly taxpayer, Taxpayer in QRMP Scheme, NRTP, ISD & Import from Overseas/SEZs, and ‘From date’ and ‘To date’ based on which Form GSTR-2B has been generated.

  3. Auto-population of ITC in Form GSTR-3B for the QRMP taxpayers

    a) Figures of ITC available and ITC to be reversed will now be auto-populated in Table 4 of Form GSTR-3B, for the QRMP taxpayers, from their system generated quarterly Form GSTR-2B.
    b) On the GSTR-3B dashboard page, an additional button ‘System computed GSTR-3B’ has also been provided, by clicking which system computed Form GSTR-3B can be downloaded in PDF format.
    c) Taxpayer can edit the auto-drafted values as per their records and save the updated details.
    d) The system will show a warning message to taxpayers in case ITC available is increased by more than 5% or ITC to be reversed is reduced even partially, by them. However, the system will not stop the filing of Form GSTR-3B in such cases.

  4. The above is for your information and necessary action please.
    Thanking you,

    Team GSTN.

Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for Taxpayers in QRMP Scheme

With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly basis. They also have an option to file B2B invoice details in Invoice Furnishing Facility (IFF) for months 1 and 2 (eg. Jan and Feb) of the quarter in order to pass on the credit, whereas the remaining invoices have to be declared in the Quarterly Form GSTR-1 of Month 3 (e.g. March).

I. The salient points related to filing of Form GSTR-1 Statement & auto-population of liability in Form GSTR-3B for taxpayers under QRMP Scheme for the quarter Jan-Mar., 2021, are summarized below:

(a) Before filing Form GSTR-1, taxpayers may note the following:

Period Type of Statement If in saved state If in submitted state After filing
Jan. & Feb., 2021 IFF RESET to delete the saved records and then add these details in Form GSTR-1 (Quarterly) before filing File IFF before filing Form GSTR-1 (Quarterly) Invoices filed in IFF in Jan and Feb need not be entered again in Form GSTR-1. If these are entered again, portal will give an error at save stage itself.

(b) Liability in Table-3 [except 3.1(d)] of Form GSTR-3B, for the taxpayers under QRMP Scheme, will be auto-populated on the basis of IFF filed, if any, for the Jan and Feb months and quarterly Form GSTR-1 for the Quarter. Liability on account of inward supplies attracting reverse charge in Table 3.1 (d) is auto-populated from the taxpayer’s FORM GSTR 2B. The System computed liability will also be made available in PDF format on taxpayer’s GSTR-3B (Quarterly) dashboard.

Note: Data in Saved/ Submitted stage in Form GSTR-1 or in IFF, will not be auto-populated as Liability, in Table-3 of Form GSTR-3B.

II. Matching Offline Tool

(a) The Matching Offline Tool has been updated for taxpayers under QRMP Scheme. In the Matching tool dashboard page, an option to select the quarter has been provided and in the purchase register, quarters Apr-Jun, Jul-Sep, Oct-Dec and Jan-Mar have been added to the tax periods.

(b) The system generated Form GSTR-2B JSON file can be used for matching details with their purchase register, using the updated Matching Offline Tool. Taxpayers can now navigate Services > Returns > Returns Dashboard, select the Financial Year and Return Filing Period > SEARCH and click on Download button on Auto – drafted ITC Statement – GSTR -2B tile to download system generated Form GSTR-2B JSON file.

The above is for your information and necessary action please.

Know How to Pay Tax for the Month of March 2021 under QRMP Scheme

All taxpayers having aggregate turnover up to Rs. 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards), are required to furnish return on quarterly basis, along with payment of tax on monthly basis.

Persons availing QRMP Scheme are required to pay tax due, in each of the three months of the quarter, by depositing the due amount.

For first and second month of the quarter, taxpayers should select “monthly payment for quarterly return” while generating challan.

For third month of the quarter, taxpayers can click the button “Create Challan” in Payment Table 6 of Form GSTR-3B and file GST PMT-06 Challan, for depositing any amount towards their tax liability.

Also read these articles to know more about QRMP scheme in GST:

CBIC issues FAQs on Quarterly Return Monthly Payment (QRMP) Scheme in GST

Generating Challan for First and Second Month of Quarter in QRMP Scheme

Invoices Shown in IFF will not Reflect in Quarterly GSTR-1: GSTN

CBIC is organising a webinar on QRMP Scheme, E-Invoicing and HSN requirements in GST Invoicing on March 26, 2021

CBIC organising a LIVE webinar on QRMP Scheme E-Invoicing and HSN

Directorate General CBIC organising a LIVE webinar on QRMP Scheme E-Invoicing and HSN Taxpayer Services, CBIC is organising a webinar on QRMP Scheme, E-Invoicing and HSN requirements in GST Invoicing on March 26, 2021. Webinar details in creative below

👇 https://t.co/nHsWpmNhLj

Generating Challan for First and Second Month of Quarter in QRMP Scheme

Generating Challan for First and Second Month of Quarter in QRMP Scheme

There are two methods for generating and paying challan under QRMP Scheme. First is Self Assessment Method (SAM) and Second is Fixed Sum Method (FSM); FSM is also called as 35% Challan Method.

So let’s start how to generate challan under both the methods on GSTN Portal :

General Procedure :

Step-1: Login to GST Portal and navigate to Services > Payments > Create Challan. The following window will open as shown in image

Step-2: Click on “Monthly payment for quarterly return” as shown in below image

Generating Challan under Self Assessment Method (SAM) :

Step-1: Click on “Challan on self-assessment basis” and click on “Proceed” as shown in below picture

Step-2: Fill amounts in appropriate heads and generate challan by choosing payment modes as shown in below image

Generating Challan under Fixed Sum Method (FSM) :

Step-1: Click on “35% Challan” and then click on “Proceed” as shown in below image

Step-2: Auto-populated challan will be displayed as shown in below image. Click on “Generate 35% Challan” to generate challan

I hope, this will help in generating and paying challan for first and second month of quarter in QRMP Scheme

Thanks for Reading My Article on “Generating Challan for First and Second Month of Quarter in QRMP Scheme”

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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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CBIC issues FAQs on Quarterly Return Monthly Payment (QRMP) Scheme in GST

CBIC issues FAQs on Quarterly Return Monthly Payment (QRMP) Scheme in GST

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

Answer: QRMP scheme is for small taxpayers to file their FORM GSTR1 and FORM GSTR-3B returns on quarterly basis while paying their tax dues monthly through a simple challan.

Is this scheme available to everyone?

Answer: No. This scheme is available only to those who are liable to file FORM GSTR-1 and FORM GSTR-3B returns.

Am I eligible for the scheme?

Answer: All taxpayers whose aggregate turnover is up to Rs. 5 Crore in the current and preceding financial year and have filed their last due GSTR-3B return are eligible for this scheme.

How do I avail this scheme?

Answer: Taxpayers can opt in (avail) the scheme and opt out (exit) if they don’t wish to continue quarterly filing by navigating to Login-> Services – Returns -> Opt-in for quarterly return

Can I avail the scheme at any time?

Answer: You can opt in or opt out of the scheme as follows:-

QuarterBetween
Q1 (April –May – June)1st February to 30th April
Q2 (July – August – September)1st May to 31stJuly
Q3 (October – November – December)1st August to 31st October
Q4 (January – February – March)1st November to 31stJanuary

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

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

My aggregate turnover is less than Rs. 5 Cr, but still the system does not allow me to opt in for the scheme?

Answer: Please check if you have filed your last FORM GSTR-3B. For more details on the turnover, please visit here. If you want to get your turnover updated, please lodge your grievance at https://selfservice.gstsystem.in/

I have multiple GSTTNs on the same PAN in different States, can I opt in for different frequency in different States?

Answer: Yes, you may opt in for different frequencies (monthly or quarterly) in different States.

From when is the scheme available?

Answer: The scheme will be made available from 1stJanuary 2020 onwards. You may opt in anytime after 5 th December 2020.

B. System defaulting

I have received an email, saying I have been defaulted to the scheme. What should I do?

Answer: If your aggregate turnover for FY 2019-20 is up to Rs. 5 Crore and you have filed your FORM GSTR-3B for the month of October 2020 by 30th November 2020, you may be defaulted to the scheme by the system. If you wish to remain in the scheme, then you may not take any action and file your returns by the due date in April 2021. However, if you wish to exit the scheme you may do so by 31st January 2021.

I am eligible for the scheme but was not defaulted to the scheme. What should I do?

Answer: You may enter the scheme by navigating Login-> Services -> Returns -> Opt-in for quarterly return. For detailed steps, you may click here.

C. Actions required for first two months of the quarter

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

Answer: 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.

By when do I have to deposit such amount?

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

What is self-assessment of liability?

Answer: Self-assessment of liability means that you calculate your taxes for a month by ascertaining outward supplies made during the month and your available input tax credit. A challan may be generated for the amount of selfassessed liability. Please note that while generating this challan, please choose -> “Monthly Payment for Quarterly Returns” as the reason for making such payment.

How do I generate a challan?

Answer: To view detailed instruction on generating of challan. Click here.

If I have deposited cash in the first month, can the same be accounted for adequate cash in the cash ledger for the second month?

Answer: It may be noted that cash deposited in the first month against your liability for the first month cannot be considered for balance for your electronic cash ledger for the second month. The action to be taken in the second month should be considered based on the balance in cash ledger after the deposit made for the first month.

What is 35% option?

Answer: If you do not want to pay self-assessed tax, then you may simply deposit 35% of net cash paid by you in your last quarterly GSTR-3B filed or 100% of the net cash paid in your last monthly FORM GSTR-3B (whichever is applicable). Please note that while generating this challan, please choose -> “Monthly Payment for Quarterly Returns (35%)” as the reason for making such payment.

This will be an auto-calculated system generated challan and no calculation /assessment has to be done by you. Taxpayers may note that no interest would be payable in case the tax due is paid in the first two months of the quarter by way of depositing auto-calculated system gener a&g d challan as detailed in by the 25th of the succeeding month.

At some places, I see 100% auto-population instead of 35%, why is that?

Answer: If your last FORM GSTR-3B filed was for a complete quarter, then the system will generate 35% of your last quarter’s net cash paid. However, if your last FORM GSTR-3B filed was for a one complete month, then the system will generate 100% of your last month’s net cash paid. You need not worry for this, as this is a completely system generated process.

Is everyone allowed to file self-assessment and 35% challan?

Answer: Self-assessment can be done by all quarterly taxpayers. However, 35% challan will not be made available for the following persons:

a) New taxpayers,
b) Taxpayers who have opted out of the composition scheme, and
c) Those who have not filed their last FORM GSTR-3B

Is it mandatory for exercising the same option for both the months?

Answer: No, you may choose self-assessment or 35% as per your own choice for any of the months.

Is there any late fee for delayed payment of tax for any of the first two months?

Answer: No, there is no late fee for delayed payment of tax for any of the first two months.

How do I view my challan history?

Answer: Challan history can be found after logging to GST Portal and navigating to Services -> Payments -> Challan History.

Can I request for a cash ledger refund of any amount deposited in month M1 and M2?

Answer: No, Cash ledger refund under this scheme will only be allowed after the FORM GSTR-3B for that quarter has been filed. For example, if any amount has been deposited for the month of January, it will only be allowed for refund, once FORM GSTR-3B for the quarter ending March has been filed.

Can I utilize amount deposited in month M1 and M2 for any other purpose?

Answer: No, you cannot utilize these amounts for any other purpose, before filing FORM GSTR-3B for the quarter in which such deposits have been made. After filing FORM GSTR-3B, such cash may be used for other purposes also.

D. Details on viewing GSTR-2A and 2B

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

Answer: GSTR-2A and GSTR-2B will be continued to be made available every month. A 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.

E. Actions required for the last month of the quarter

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

Answer: 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.

While filing FORM GSTR-3B, is there a way to view the deposits made by me in month M1 and M2?

Answer: Yes, a separate tab displaying the cash challans generated for this purpose will be displayed on the FORM GSTR-3B payment page.

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

Answer: 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 13th of 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.

S.NoPrincipal Place of BusinessDue Date
1.States of Chhattisgarh, Madhya Pradesh, Gujarat,
Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu,
Telangana and Andhra Pradesh , the Union territories
of Daman and Diu, Dadra and Nagar Haveli,
Puducherry, Andaman and Nicobar Islands and
Lakshadweep		22nd of the month
succeeding such
quarter
2.States of Himachal Pradesh, Punjab, Uttarakhand,
Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim,
Arunachal Pradesh, Nagaland, Manipur, Mizoram,
Tripura, Meghalaya, Assam, West Bengal,
Jharkhand and Odisha, the Union territories of
Jammu and Kashmir, Ladakh, Chandigarh and Delhi		24th of the month
succeeding such
quarter
Taxpayers are advised to check updated notifications etc. for change in
dates.

What about late fee on delayed filing of FORM GSTR-3B and GSTR-1 for the quarter?

Answer: Late fee is applicable to delayed filing of such returns.

F. Optional Invoice Furnishing Facility

What is invoice furnishing facility (IFF)?

Answer: An additional facility has been provided to taxpayers to file their invoices in month Mi and M2. The facility will be similar to FORM GSTR1 but will allow filing for only B2B invoices, credit notes, debit notes etc.

Do I need to compulsorily file my invoices in M1 and M2 of every quarter in the IFF?

Answer: No, this is an optional facility.

Will this option be available every month?

Answer: Yes, this option will be available for month Mi and M2 for every quarter. The option to file such invoices will also expire by the 13th of the next month. For example, the facility for the month of January will expire by 13th of February.

Can I late file my invoices after the 13th” of the month?

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

Will my recipient view these invoices in his GSTR-2A / 2B?

Answer: Yes, all invoices filed by you via the invoice furnishing facility will be displayed in GSTR-2A and GSTR2B of the recipient.

Do I have to re-enter the details entered through invoice furnishing facility in the GSTR-1 for the quarter?

Answer: No, once details have been filed in IFF, the same need not be filed again in GSTR-1 for the quarter.

G. Miscellaneous

Can quarterly filers file Nil return through SMS?

Answer: 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

Will refund be allowed for quarterly filers?

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

Thanks for reading “CBIC issues FAQs on Quarterly Return Monthly Payment (QRMP) Scheme in GST“

NEW GST RETURNS: (QRMP) Quarterly Return Monthly Payment Scheme

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