The Quarterly Return Monthly Payment (QRMP) scheme is a GST initiative introduced by the Government of India to simplify tax compliance for small taxpayers. It allows eligible businesses to file GSTR-1 and GSTR-3B quarterly, while paying taxes monthly. This reduces compliance burden and improves cash flow management.
Who Can Opt for the QRMP Scheme?
✅ Businesses with annual turnover up to ₹5 crores.
✅ Registered regular taxpayers (excluding composition dealers).
✅ Taxpayers who have filed their last return on time.
✅ Businesses not involved in casual taxable supply or non-resident taxable supply.
Key Features of the QRMP Scheme
1. Quarterly GST Return Filing
- GSTR-1 and GSTR-3B are filed once every quarter instead of monthly.
- Reduces the hassle of frequent return filing for small businesses. GST Course in Delhi
2. Monthly Tax Payment Through PMT-06
- Even though returns are filed quarterly, tax payments must be made every month.
- Payments can be made using:
- Fixed Sum Method (FSM) – Pre-filled challan based on past tax liability.
- Self-Assessment Method (SAM) – Tax calculated based on actual sales and purchases.
3. Invoice Furnishing Facility (IFF)
- Businesses can upload B2B invoices monthly to allow buyers to claim ITC early.
- Helps maintain smooth supplier-buyer transactions.
4. Late Fee Reduction
- Late fees for delayed return filing are lower than the regular system.
- Encourages timely compliance and avoids financial penalties.
How to Opt for the QRMP Scheme?
- Login to the GST Portal (www.gst.gov.in).
- Go to Services → Returns → Opt-in for QRMP Scheme.
- Select the relevant financial year and quarter.
- Confirm the selection and proceed.
💡 Note:
- The QRMP scheme can be opted for before the start of a quarter (Jan-Mar, Apr-Jun, etc.).
- Businesses can switch in or out of QRMP every quarter based on their needs.
Benefits of the QRMP Scheme for Small Businesses
✅ Reduces Compliance Burden – Lesser filings mean lower administrative work.
✅ Improves Cash Flow – Monthly payments prevent large lump sum tax payments.
✅ Eases ITC Reconciliation – Helps buyers claim ITC on time via the IFF.
✅ Cost Savings – Fewer return filings mean lower compliance costs.
Practical GST Course by SLA Consultants India, New Delhi
For businesses and professionals looking to master GST compliance, SLA Consultants India offers a Practical GST Certification Course in Delhi covering:
✅ Step-by-step QRMP filing process
✅ GSTR-1, GSTR-3B, and IFF training
✅ ITC reconciliation and GST portal usage
✅ Tally and real-world case studies
Who Should Join?
✔️ Small business owners and accountants.
✔️ Tax professionals and commerce students.
Why Choose SLA Consultants India?
- Industry-expert trainers & practical approach
- Certification & placement assistance
- Hands-on GST training with real scenarios
Want to enroll? Get course details, fees, and duration now!
SLA Consultants Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course by SLA Consultants India, New Delhi, details with New Year Offer 2025 are available at the link below:
https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx
https://slaconsultantsdelhi.in/gst-course-training-institute/
E-Accounts, E-Taxation and (Goods and Services Tax) GST Training Courses
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