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GSTR QRMP opt out

karthikrao (B.com CS(inter) -ongoing) (170 Points)

02 February 2021

Sir, I want to opt out from QRMP scheme and continue as monthly basis..,it automatically opted in at GSTR QRMP scheme How sir to change any option?

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5254 Points)
Replied 02 February 2021

Come January 1 and GST taxpayers would be able to pay their tax dues on a self assessment basis without having to go through the cumbersome process of filing tax returns on a monthly basis. The Central Board of Indirect Taxes and Customs (CBIC) will introduce the new Quarterly Return and Monthly Payment Scheme (QRMP) for GST taxpayers from next year that will allow taxpayers to file only 4 GSTR-3B returns in a year instead of 12 returns at present.