Quarterly Return Monthly Payment scheme (QRMP) under GST.(11.03.2021)

Quarterly Return Monthly Payment scheme (QRMP) under GST

  • Issuance of system generated notice in Form GSTR-3A, to the taxpayers who have opted for QRMP Scheme and fail to filed their GSTR-3B return on quarterly basis, within due date.
  • Taxpayers opting for fixed sum method , prefilled Challan of in Form GST PMT-06 of 35% of amount paid as tax from Electronic Cash Ledger in their preceding quarter GSTR 3B return, if it was furnished on quarterly basis; or 100% if it was furnished on monthly basis.
  • No interest shall be levied, if the actual tax amount for this particular month later turns out to be more than the amount deposited using 35% challan option, provided the tax amount is deposited by 25th of the following month.

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