GST · Returns and compliance
What is the QRMP scheme, and should I opt for it?
Short answer
QRMP (Quarterly Return, Monthly Payment) lets taxpayers with aggregate turnover up to ₹5 crore in the previous financial year file GSTR-1 and GSTR-3B every quarter instead of every month, while paying tax monthly in form PMT-06 by the 25th. It reduces filings, but if your customers need to claim credit monthly you may have to upload B2B invoices through the optional IFF by the 13th.
Who can opt in
A registered person (other than one required to file GSTR-1 only as a special category) whose aggregate turnover in the previous financial year was up to ₹5 crore, and who has filed the last due GSTR-3B. If turnover crosses ₹5 crore during the year, you move to monthly filing from the next quarter.
When: from the 1st of the second month of the previous quarter to the last day of the first month of the quarter for which you want to opt in or out. Once chosen, the option continues until you change it.
What you file and pay
| When | |
|---|---|
| IFF (Invoice Furnishing Facility), optional, B2B invoices up to ₹50 lakh a month | 13th of the month after each of the first two months of the quarter |
| Tax payment in PMT-06 for each of the first two months | 25th of the following month |
| GSTR-1 for the quarter | 13th of the month after the quarter |
| GSTR-3B for the quarter | 22nd or 24th of the month after the quarter (24th in Uttar Pradesh) |
Two ways to pay monthly
- Fixed sum method: the portal pre-fills an amount: 35% of the tax paid in cash in the last quarterly return, or the full cash paid in the last month if you filed monthly. No interest arises if you pay it by the 25th, even if the actual tax was higher.
- Self-assessment method: work out the actual tax for the month, net of credit, and pay that. Interest at 18% applies on any shortfall.
You need not pay for a month if the cash ledger already covers the liability, or if the liability is nil.
Should you opt in?
- Good fit: mostly B2C sales, few invoices, or customers who do not mind seeing your invoices quarterly.
- Think twice: if large B2B customers want your invoices in their monthly GSTR-2B to claim credit. Then use the IFF every month, which takes away much of the saving.
- Late fee applies per return, so a quarterly filer has fewer returns to miss; interest still runs monthly.
See the GSTR-1 and GSTR-3B due dates and the due-date calendar.
Legal basis
- Section 39(1), proviso, CGST Act, 2017
- Rules 59(2), 61A and 61(4), CGST Rules, 2017
- Notification No. 84/2020-Central Tax (QRMP scheme) and Notification No. 85/2020-Central Tax (fixed sum method)
Official sources
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