In order to provide relief to small scale business of GST registered taxpayers, the Central Board of Central Excise has published the Quarterly Return Monthly Payment (QRMP) Scheme. This scheme of return filing quarterly returns refers to the quarterly filing of GSTR-3B and is effective from January 1, 2021. By availing the QRMP Scheme, the taxpayers will now have to file quarterly returns instead of monthly returns. Therefore, the persons will not have to 4 GST returns in place of 12 GST returns.
Who can avail QRMP or return filing Scheme?
QRMP scheme can be availed by
– Taxpayer who has to furnish a return in FORM GSTR-3B, and who has an aggregate turnover of up to Rs. 5 crores in the preceding financial year.
– Any taxpayer who has obtained new GST registration can also avail this scheme.
– Some GST Identification Numbers (GSTIN) to the PAN can also choose for this scheme and the other GSTINs can be out of the scheme.
From where can I opt in or opt out from the QRMP scheme?
You can opt out from the GST portal > Services > Returns > Opt-in for Quarterly Return option to opt in or opt out of the QRMP scheme.
What is GSTR-3B deemed Monthly/Quarterly filing?
The date of availing QRMP Scheme begins from 1st January, 2021 and therefore, for January, 2021 to March, 2021 quarter filing period of return, the taxpayers whose aggregate annual turnover for the Financial Year 2019-2020 is up to Rs 5 Crore and has filed a return in form GSTR-3B for 30th October, 2020 shall be relocated by default in the GST system as written below:
Class of GST Registered Taxpayers with their Aggregate Annual Turnover | Default Return Option |
Up to Rs. 1.5 cores, who have furnished GSTR-1 on a quarterly basis | Quarterly |
Up to Rs. 1.5 cores, who have furnished GSTR-1 on monthly basis in current Financial Year | Monthly |
More than Rs. 1.5 crores and up to Rs. 5 crores in preceeding Financial Year | Quarterly |
Also Read: Reverse Charge Mechanism Under GST
How to avail the option of QRMP Scheme?
Any GST taxpayer who wishes to furnish return in FORM GSTR-3B quarterly, must indicate the same on the GST Portal. This can be done so from the 1st of the second month of the preceding quarter until the last day of the first month of the quarter for which such option is being exercised.
For instance, if the taxpayer person wishes to file his GSTR-3B for second quarter, then he should opt for this option on the GST Portal between 1st February, 2021 and 30th April, 2021.
Note for GST registered taxpayers for availing QRMP Scheme
– They must have furnished the last return, as due on the date of exercising such option, and
– They are not required to exercise this option every quarter, shall furnish return unless they revise the said option.
-If they have not filed their GSTR-3B for October, 2020 by 30th November, 2020, then they shall not be migrated on common portal.
What are the due dates of all the quarters to opt QRMP Scheme?
Quarter | Opt between these dates |
Q1 (April – May – June) | 1st February to 30th April |
Q2 (July – August – September) | 1st May to 31st July |
Q3 (October – November – December) | 1st August to 31st October |
Q4 (January – February – March) | 1st November to 31st January |
When does GST registered taxpayer becomes ineligible for QRMP Scheme?
– The aggregate annual turnover of the GST registered taxpayer exceeds Rs. 5 crores during a quarter
– The GST registered person opts for monthly filing of returns
– The GST registered taxpayer who has opted out of composition scheme
– The GST registered taxpayer failed to exercise the option of QRMP scheme within the due dates.
What is the process of making monthly payments of taxes under the QRMP Scheme?
To make the monthly payment of taxes, the taxpayer has to deposit the tax using FORM GST PMT-06 by 25th of the following month, for the first and the second month of the quarter. This payment can be done either through Fixed Sum Method (FSM) or Self Assessment Method.
Fixed Sum Method (FSM)
Fixed Sum Method, popularly known as 35% challan method is a pre filled challan in the FORM GST PMT-06. The amount of the tax to be paid is equal to 35% of the tax paid in cash.
Type of Taxpayer | Taxes to be paid |
Who furnished GSTR-3B quarterly for the last quarter | 35% of tax paid in cash in the preceding quarter |
Who furnished GSTR-3B monthly during the last quarter | 100% of tax paid in cash in the last month of the immediately preceding quarter |
For instance, if GSTR-3B for quarter period January, 2021 to March, 2021 was filed on a quarterly basis
Tax paid in cash during January, 2021 to March, 2021 quarter
CGST | Rs. 20,000/- |
SGST | Rs. 20,000/- |
IGST | Rs. 30,000/- |
Cess | Rs. 5,000/- |
Tax paid in cash during January, 2021 to March, 2021 quarter
CGST | Rs. 7,000/- |
SGST | Rs. 7,000/- |
IGST | Rs. 10,500/- |
Cess | Rs. 1,750/- |
Self Assessment Method
Self Assessment Method is a method where the GST registered person asseses his tax liability on its own. The tax liability is evaluated by ascertaining the inward and outward supplies and the input tax credit available. The tax liability so ascertained is to be paid through FORM GST PMT-06. For this purpose, GSTR-2A view will be provided every month and GSTR-2B view will be provided both monthly and quarterly.
What are the due dates for filing GST Returns under QRMP Scheme?
GST Registration in States and Union Territories | Due Date |
Chhattisgarh, Madhya Pradesh, Gujarat, Dadra and Nagar Haveli, Daman and Diu, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh | 22nd of the month succeeding such quarter |
Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Mizoram, Manipur, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha | 24th of the month succeeding such quarter |
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