Vide Notification No 06/2022- Central Tax Dated 17th May 2022, the CBIC has extended due date for making monthly payment for April 2022 in Form GST PMT-06 under QRMP scheme to 27th May 2022.
Tag: QRMP
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
Today Is Last Date to Opt-in or Opt-out From QRMP Scheme For 3rd Quarter Of The FY 2021-22. Check Details Here
Today, (i.e. 31st October 2021) is the last date to opt-in or opt-out from QRMP scheme for 3rd quarter (i.e. October- December 2021) of the FY 2021-22.
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.
Attention GST Taxpayers Who are Under QRMP Scheme
Today is the last date to file GSTR-1 for the quarter July- September 2021 for taxpayers who are under QRMP scheme.
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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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Forex Reserves Down by $1.47 Billion to $639.64 Billion
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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.
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
Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme is Now Enabled on GSTN Portal
Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme is Now Enabled on GSTN Portal
An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. Taxpayers who have opted for quarterly filing frequency under the scheme can file their details of outward supplies (B2B invoices only) for first two months of a quarter (M1 and M2 respectively of a Quarter) in IFF. For e.g. for Apr-June qtr., B2B invoices only for the months of April (M1) and May (M2) can be filed in IFF by a taxpayer.
The IFF is a facility similar to Form GSTR-1, and it allows filing of details of B2B invoices in following tables only:
a.) 4A, 4B, 4C, 6B, 6C – B2B Invoices
b.) 9B – Credit / Debit Notes (Registered) – CDNR
c.) 9A – Amended B2B Invoice – B2BA
d.) 9C – Amended Credit/ Debit Notes (Registered) – CDNRA
The option to upload details in IFF can be availed till 13th of the subsequent month. Any invoices remaining to be furnished, can be filed using the IFF in the subsequent month IFF or in the quarterly Form GSTR-1. For e.g. for Apr-June qtr., B2B invoices for the month of April (M1) can be filed in IFF by a taxpayer till 13th May. Any IFF which is not filed till the due date of 13th of the subsequent month will expire.
To file the IFF form for M1 and M2 of the month, login to GST Portal and navigate to Returns > Services > Returns Dashboard > File Returns and then Select the Financial Year & Return Filing Period (M1/M2 of a quarter) and click on SEARCH button to file the IFF forms for M1 or M2 month.
IFF is an optional facility provided to taxpayers under QRMP scheme to pass on Input Tax Credit (ITC) to their recipients for M1 and M2 months of a quarter. However, filing of Form GSTR-1 for M3 month of a quarter is mandatory.
a.) Records uploaded in IFF by the Supplier will reflect in Form GSTR-2A/2B of the Recipient.
b.) Supplier Taxpayers can also upload details in their IFF, through JSON file, generated using Returns Offline Tool.
c.) Records filed in IFF need not be filed again in Form GSTR-1 of that quarter.
d.) Only the details saved in IFF can be deleted/edited using RESET button. Once submitted or filed, these details can’t be deleted.
For User Manual, Please Click Here
For FAQs, Please Click Here
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:-
| Quarter | Between |
| 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.No | Principal Place of Business | Due 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 |
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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GSTN Enabled Option for Opting Quarterly Filing of GST Returns under QRMP Scheme
Today, GSTN has enabled option for opting quarterly filing of GST returns under QRMP scheme. Payment will be monthly in this scheme.
The said option can be navigated through : Services >> Returns >> Opt-in for Quarterly Return
However, the window will open on 5th December, 2020. Currently, the message as shown in below picture is shown on GSTN Portal :
Want to know all aspects of QRMP Scheme? Please Click Here to Read Article
Install Sumedh App for Asking Queries : Click Here to Install APP
NEW GST RETURNS: (QRMP) Quarterly Return Monthly Payment Scheme
- Introduction:
GST Council in its 42nd meeting held on 05.10.2020, had recommended that registered person having aggregate turnover up to five (5) crore rupees may be allowed to furnish return on quarterly basis along with monthly payment of tax, with effect from 01.01.2021.
- Eligibility for the QRMP Scheme:
In terms of notification No. 84/2020- Central Tax, dated 10.11.2020, a registered person who is required to furnish a return in FORM GSTR-3B, and who has an aggregate turnover of up to 5 crore rupees in the preceding financial year, is eligible for the QRMP Scheme.
- Non Eligibility for the QRMP Scheme:
In case the aggregate turnover exceeds 5 crore rupees during any quarter in the current financial year, the registered person shall not be eligible for the Scheme from the next quarter.
- Exercising option for QRMP Scheme
- a registered person can opt in for any quarter from first day of second month of preceding quarter to the last day of the first month of the quarter. Facility to avail the Scheme on the common portal would be available throughout the year.
- Kindly note that: In order to exercise this option, the registered person must have furnished the last return, as due on the date of exercising such option.
- Registered persons are not required to exercise the option every quarter.
- Salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme
- Who can opt for the scheme:
Following registered person (hereinafter RP) can file quarterly returns and pay tax on monthly basis w.e.f. 01.01.2021 :
An RP who is required to file Form GSTR 3B with AATO of up to Rs 5 Cr. in the previous financial year is eligible. If AATO crosses Rs 5 Cr. during a qtr., RP will become in-eligible for the Scheme from next quarter.- Any person obtaining a new registration or opting out of Composition Scheme can also opt for this Scheme.
- The option to avail this Scheme can be availed GSTIN wise. Therefore, few GSTINs for that PAN can opt for the Scheme and remaining GSTINs can remain out of the Scheme.
- Changes on the GST Portal due to QRMP:
For qtr. Jan., 2021 to March, 2021, all RPs whose AATO for the FY 2019-20 is up to Rs 5 Cr. and have furnished the return in Form GSTR-3B for the month of October, 2020 by 30th 2020, will be migrated by default in the GST system as follows:
| Sl. No. | Class of RPs with AATO of | Default Return Option |
| 1 | Up to Rs 1.5 Cr., who have furnished Form GSTR-1 on quarterly basis in current FY | Quarterly |
| 2 | Up to Rs 1.5 Cr., who have furnished Form GSTR-1 on monthly basis in current FY | Monthly |
| 3 | More than Rs 1.5 Cr. and up to Rs 5 Cr. in preceding FY | Quarterly |
- When can a person opt for the scheme:
- Facility can be availed throughout the year, in any quarter.
- Option for QRMP Scheme, once exercised, will continue till RP revises the option or his AATO exceeds Rs 5 Cr.
- RPs migrated by default can choose to remain out of the scheme by exercising their option from 5th, 2020 till 31st Jan., 2021.
- Kindly note: The RPs opting for the scheme can avail the facility of Invoice Furnishing Facility (IFF), so that the outward supplies to registered person is reflected in their Form GSTR 2A & 2B.
- Payment of tax under the scheme:
- RPs (Registered Persons) need to pay tax due in each of first two months (by 25th of next month) in the Qtr, by selecting “Monthly payment for quarterly taxpayer” as reason for generating Challan.
- RPs can either use Fixed Sum Method (pre-filled challan) or Self-Assessment Method (actual tax due), for monthly payment of tax for first two months, after adjusting ITC.
- No deposit is required for the month, if there is nil tax liability.
- Tax deposited for first 02 months can be used for adjusting liability for the qtr. in Form GSTR-3B and can’t be used for any other purpose till the filing of return for the qtr.
- Applicability of Late Fee
Late fee is applicable for delay in furnishing of return / details of outward supply as per the provision of Section 47 of the CGST Act. Late fee would be the applicable for delay in furnishing of the said quarterly return / details of outward supply. It is clarified that no late fee is applicable for delay in payment of tax in first two months of the quarter.
- Link of the Circulars:
- https://www.gst.gov.in/newsandupdates/read/417
- https://www.cbic.gov.in/resources//htdocs-cbec/gst/Circular_Refund_143_11_2020.pdf
- https://www.cbic.gov.in/htdocs-cbec/gst/central-tax-notfns-2017
also read Auto-population of E-invoice Details into GSTR-1
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