QRMP Scheme has been started for the businessmen of the country, who get their tax every year. The government of the country has launched the scheme of quarterly return filing and monthly payment of taxes for small taxpayers under the Goods and Services Tax (GST) system. Taxpayers whose annual turnover in the previous financial year is up to Rs 5 crore and who have submitted their October GSTR-3B (Sales) return by 30 November are eligible for this scheme. Quarterly Return Monthly Payment Scheme allows taxpayers to file GSTR-3B on quarterly basis and pay tax every month. All the information about this scheme, application process, all are given below, please read and read this article carefully. [Also read- (ऑनलाइन आवेदन) अग्निपथ योजना Agneepath Yojana पात्रता, रिजर्वेशन व चयन प्रक्रिया]
QRMP Scheme
The government has launched the scheme of quarterly return filing and monthly payment of taxes for small taxpayers under QRMP Scheme 2024. Through this QRMP scheme all the taxpayers will be benefitted. The GST Council had said in the meeting that registered people with a turnover of up to Rs 5 crore may be allowed to file their returns on a quarterly basis and pay taxes on a monthly basis from January 1. The Quarterly Return Monthly Payment Scheme was introduced on December 5. Taxpayers can self-assess the monthly liability through challan every month or pay GST equal to 35 percent of the net cash liability of the last filed quarterly GSTR-3B return. [Also read- National Apprenticeship Training: Online Registration, NATS Login, Helpline Number]
Overview of Quarterly Return Monthly Payment Scheme
| Scheme Name | QRMP Scheme |
| Launched By | Indian Government |
| Year | In 2024 |
| Beneficiaries | All Taxpayers |
| Application Procedure | Online |
| Objective | Tax payment facilitation |
| Benefits | Beneficial scheme for paying tax |
| Category | Central Government Schemes |
| Official Website | https://selfservice.gstsystem.in/ |
Objective of QRMP Scheme
This QRMP scheme provided by the government will greatly benefit the taxpayers of the country, under which they will get the facility to deposit tax. QRMP Scheme allows taxpayers to file GSTR-3B on quarterly basis and pay tax every month. . ClearTax GST software has a built-in solution to help you accomplish this task with ease. Tax professionals or businesses can easily upload a CSV file format, containing the list of GSTINs and the selected filing frequency, either ‘monthly’ or ‘quarterly’ on ClearTax GST. The same will be updated on the GST portal in a few seconds.[Read More]
Salient Features of the QRMP Scheme
The Goods and Service Tax Network (GST) has informed about the main features of the Quarterly Return Monthly Payment Scheme through a notification on 20 November 2020. Under this scheme, a GST registered person with a total turnover of Rs.5 crore will be allowed to furnish return filing every month, along with monthly payment of tax from January 1, by choosing the option of monthly and payment plan. Returns will be allowed to be submitted. This scheme has been started by the government with the aim of providing benefits to the taxpayers.[Read More]
Input Tax Credit Claims under QRMP Scheme
No procedural difference of any kind is found in the manner of claiming input tax credit by such registered citizens who opt for the Quarterly Return Monthly Payment Scheme. Further, for the first two months of the quarter, the QRMP taxpayers who are using a self-assessment method of computation of tax payment can also consider the ITC available for the month under their GSTR-2B. Under this, the balance amount can be paid by them in the form of cash towards GST liability.[Read More]
Information Submission Facility
Under the Quarterly Return Monthly Payment Scheme, the details of outward supplies can be submitted by the registered person opting for this scheme by using the facility of challan submission “IFF”. This statement can be submitted quarterly after the 13th month. In addition, all such IFF details in GSTR-2A and GSTR-2B will be visible to the recipient. Under this, the details of outward supplies to be made by a person using IFF for the first and second months of the quarter in Form GSTR-1 will be given for the said quarter. Let us confirm here that IFF is an optional facility and does not attract any late penalty or fee. [Also read- E Shram Card Payment Status (न्यू लिंक) eshram.gov.in Balance Check, Payment Status]
Issues or Challenges under QRMP with ClearTax Solutions
If any person has to opt in to QRMP or have to maintain the monthly return, then this task is mandatory to be fixed for each and every GSTIN of any other business, which can be time consuming and troublesome. Under this scheme, all the documents by the citizens are required to be different on the basis of B2B and non-B2B, under which the facility of Invoice Furnishing “IFF” should be used by the taxpayer there. It will help B2B documents to be moved to AFF i.e. it will help B2B documents to be moved to IFF, which will directly help in quarterly GSTR-1 return. Along with this, it becomes very important to have a reconciliation between GSTR-1 and IFF, Sales Register. [Also read- PM Kisan 12th Installment Status (यहां देखे) Check Online at pmkisan.gov.in][Read More]
How to opt in the scheme
- Taxpayers can opt in or opt out from the GST Portal GST.GOV.IN > Services > Returns > QRMP Scheme 2024 for Quarterly Return option.
- In addition, the scheme will be made available throughout the year with the aim of being used by the citizens.
- Under this, the option can be exercised by the taxpayers for any quarter from the first day of the second month of the previous quarter to the last day of the first month of the quarter. For which also you want to choose the option of the plan.
- In this, if the desire is expressed by any taxpayer that he wants to opt for the January to March quarter, then he can exercise the option from November 1 to January 31.
- Under the Quarterly Return Monthly Payment Scheme, all the taxpayers have the option to get the benefit of this scheme according to the GSTIN, this means that some GSTIN option can be selected by the taxpayer for PAN and additional opt out. can also be done.
- The option exercised by any taxpayer under this scheme launched by the Government of India will be valid only for the succeeding quarters, apart from this it will not be valid.
Late fee Under QRMP Scheme
Under the Quarterly Return Monthly Payment Scheme, if the fee payment is delayed due to any reason, then the process of paying it is being told below, under this, if the quarterly GSTR-3B is not paid within the due date, then its Subject to late fee not exceeding Rs.5000 under:-
| Name of the Act | Late fee for everyday of delay | Late fee for everyday of delay(in case of ‘Nil Tax liability) |
| CGST Act | Rs.25 | Rs.10 |
| SGST Act | Rs.25 | Rs.10 |
| IGST Act | Rs.50 | Rs.20 |
By the way, it is clarified that if there is any delay in payment of tax in the first two months of the quarter in the form of PMT-06, then any late fee is not applicable for this.
Option to opt-in/opt-out of the scheme
| S.NO | Quarter Of a Particular Year | The QRMP plan can be opted in or opted out during this period. |
| 1. | April, May, June | 1 February to 30 April |
| 2. | July, August, September | 1 May to 31 July |
| 3. | October, November, December | 1 August to 31 October |
| 4. | January, February, March | 1 November to 31 January next year |
Due Dates for Filing Quarterly GSTR-3B
The due dates for filing quarterly GSTR-3B under QRMP Scheme have been notified as follows:-
| S.NO | GST Registration in States and Union Territories | Due Date |
| 1. | Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana, Andhra Pradesh, Chhattisgarh, Madhya Pradesh, Gujarat, Dadra and Nagar Haveli, Daman and Diu, Maharashtra, Karnataka, Goa, Lakshadweep | 22nd of the month succeeding such quarter |
| 2. | Bihar, Sikkim, Arunachal Pradesh, Nagaland, Mizoram, Manipur, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh | 24th of the month succeeding such quarter |
Changes On The GST Portal
For the quarter January to March, all GST registered persons having a Total Annual Turnover (AATO) up to Rs.5 crore for the previous year 2019-20. And they have submitted Form GSTR-3B Return for October by 30th November, to be migrated to GST Portal by default as follows.
S.No | Class of persons registered with AATO | Default Return Option |
| 1 | Who has filed Form GSTR-1 on quarterly basis in the current financial year. Up to Rs 1.5 crore | Quarterly |
| 2 | Who has filed Form GSTR-1 on quarterly basis in the current financial year. Up to Rs 1.5 crore | Monthly |
| 3 | Above Rs 1.5 crore and up to Rs 5 crore in the last financial year | Quarterly |
Monthly Payment of Taxes Under The QRMP Scheme
- Due to generation of invoices of GST registered persons, the department will be required to pay the tax due every month out of the first two months in the quarter (by the 25th of the following month) by opting for monthly payment to the quarterly taxpayer.
- For monthly tax payment for the first two months, the registered person can use the fixed sum method or self-assessment method after adjusting the ITC.
- No deposit is required for the month in case the person registered under this scheme has zero tax liability.
- Form GSTR-3B Tax deposited for the first 2 months can be used to adjust the liability for the quarter. and will not be used for any other purpose till the return for the quarter is submitted.
- If you want to know more about this scheme, then you can get more information about it by visiting its official website.
What Is More
Value-added facilities can be availed by the taxpayer citizens under the Quarterly Return Monthly Payment Scheme to save their time and efforts, these value-added facilities are as follows:-
- Under this, the facility of Sahaj Payment Dashboard is available for tax saving optimization and invoice management.
- Apart from this, these features include bulk email sharing, bulk challan status check, bulk download of challans etc.
- Under the Quarterly Return Monthly Payment Scheme, a facility of matching sales with quarterly GSTR-1 and monthly IFF etc. is also available.
Monthly Tax Payment Options
| Method | The amount of tax to be paid varies with the actual liability in Form GST PMT-06 | Interest in case the amount of tax to be paid is different from the actual liability tax paid in FORM GST PMT-06 | Late fees |
| fixed sum method | (1) If the last statement is furnished quarterly, an amount equal to 35% of the tax liability paid for the previous quarter shall be paid.(2) If the last return is furnished monthly, the tax liability paid for the return of the previous month is to be paid. | No interest will be required to be paid provided the tax is paid by the due date | Form PMT-06. No late fee will be applicable for delay in payment of tax by using |
| self-assessment method | Individuals can pay the tax due on inward and outward supplies considering the tax liability and the input tax credit available. | interest will apply |
Interest under QRMP scheme
Under this, if one of the few methods is opted by the taxpayer, the interest will be charged as follows, in addition to the 35% invoicing method known as Fixed Sum Method (FSM) or popularly.
| S.NO | Scenario | Interest to be paid |
| 1. | Tax liability mentioned in pre-filled form GST PMT-06 is paid by 25th of the following month | Nil |
| 2. | Tax liability mentioned in pre-filled form GST PMT-06 is not paid by 25th of the following month | 18% of the tax liability(from 26th of the following month till the date of payment) |
| 3. | The final tax liability for the first two months is less than or equal to the amount paid through pre-filled form GST PMT-06 | Nil |
| 4. | The final tax liability for the first two months is higher than the tax amount paid through pre-filled form GST PMT-06, and such excess liability has been paid within quarterly GSTR-3B due date | Nil |
| 5. | The final tax liability for the first two months is higher than the tax amount paid through pre-filled form GST PMT-06, and such excess liability has not been paid within quarterly GSTR-3B due date | 18% of the tax liability(from GSTR-3B due date till the date of payment) |
After such quarters, interest will be applicable till 22nd or 24th of the month depending on the position of the taxpayer, if the self-assessment method is opted by the taxpayer, 18% interest will be paid on the net tax liability to the taxpayer. It will be mandatory to do Under which payment is made beyond the due date for the first two months of the quarter, it is necessary to keep in mind that interest at 18% will have to be paid by the taxpayer, on the contrary if there is any payment of tax. Occurs lately in the third month of the quarter. It should be noted that it is applicable after the presence of fixed sum method which is popularly known as challan method or self-assessment method of 35%. [Also read- PMJAY CSC: Registration, Login, Download Ayushman Card | Mera PMJAY]
How to Submit the Details of Outward Supplies
Invoice furnishing facility can be used by a taxpayer opting for the Quarterly Return Monthly Payment Scheme 2024, which allows quarterly GSTR-1 filers to upload their invoices every month, in addition to any taxpayer who opts for IFF Those who want to use it, they have to keep some things in mind before using it, these things are as follows:-
- Under this, IFF can be used by taxpayers only for the first two months of the quarter.
- Apart from this, only the invoice relating to the last month of the quarter will be uploaded in the GSTR-1 return.
- If the invoice has been uploaded by the taxpayer to IFF, then there will be no need to upload the invoice in GSTR-1 in any case.
- Before using IFF, it is mandatory for the taxpayer to enter B2B invoice details of sales transactions along with debit and credit notes of B2B invoices issued during the month.
- Further, for challans that can be uploaded, the total value of such challans will be limited to Rs.50 lakh per month.
- Under this the details submitted in IFF will be displayed in GSTR-2A, GSTR-2B, GSTR-4A or GSTR-6A of the recipients, as the case may be.
- Under the Quarterly Return Monthly Payment Scheme, the facility of submission of challan will be very effective from January 1.
Benefits or Features under QRMP Scheme
- Under the Quarterly Return Monthly Payment Scheme, its benefit can be taken in any quarter of the whole year.
- Once the benefit is taken under this QRMP scheme implemented by the government, it will continue until the registered person modifies the option or his total annual turnover does not exceed Rs 5 crore.
- Under this QRMP Scheme if someone migrates wrongly then that person can choose to stay out of the scheme by exercising their option from 05.12.2020 to 31.01.2021.
- If a taxpayer opts for this facility under the QRMP Scheme, a person can avail the facility of challan submission so that the outward supplies to the registered person are reflected in their FORM GSTR 2A and 2B.
- The compliance burden of the taxpayer will be significantly reduced under this facility.
- Under this QRMP scheme taxpayers will have to file only 4 GSTR-3B returns instead of 12 GSTR-3B returns in a year.
- Applicants will be required to submit only 4 GSTR-1 returns, as challan filing facility will be provided under this QRMP Scheme 2024.
Eligibility for Quarterly Return Monthly Payment Scheme
- Under this scheme an eligible person will have to file Form GSTR 3B with a total annual turnover of up to Rs 5 crore in the previous financial year.
- Under this scheme of the government, if the AATO of the taxpayer crosses Rs 5 crore, then the registered person during the quarter will become ineligible for the scheme from the next quarter.
- If a person opts out of the GST composition scheme quarterly, he can opt for the return filing and monthly tax payment scheme.
- If the taxpayer wants to take advantage of this QRMP scheme then he should be registered as a regular taxpayer or should be out of the composition scheme.
- To apply for the Quarterly Return Monthly Payment Scheme the applicant taxpayer must have a valid User ID and Password.
How to Change the Profile Under the QRMP Scheme
To change the profile under the Quarterly Return Monthly Payment Scheme, a taxpayer has to follow the steps given below :-
- First of all, go to the official website of the GST Portal. Next, log in to the GST portal and navigate through Services > Returns > Opt-in for Quarterly Returns.
- The opt-in quarterly return page will be displayed. Select the financial year for which you want to change the filing frequency from the drop-down list. Click ‘Search’.
- After clicking, choose from the options given below according to your convenience.
- Quarterly – Four quarters of the financial year will be displayed.
- Frequency – Selected monthly/quarterly filing options will be displayed. The quarter open for selection will be highlighted in green.
- A taxpayer can choose the monthly/quarterly option as per his wish.
- A message will be displayed that the filing frequency has been changed. Click OK’.
- Quarterly opt-in page will be displayed. The filing frequency will be changed and the save button will be disabled.