QRMP Scheme: File GST Returns Quarterly for Turnover Up to Rs 5 Cr

Quick Summary

The Quarterly Return Monthly Payment (QRMP) scheme has been launched, offering a new option for taxpayers. Businesses with an annual turnover of up to Rs 5 crore can now choose to file their GSTR-1 and GSTR-3B tax returns on a quarterly basis instead of monthly. This aims to simplify compliance for smaller businesses.

Taxpayers having a turnover of up to 5 Cr. have the option to file their GSTR-1 and GSTR-3B returns quarterly under the Quarterly Return Monthly Payment(QRMP) Scheme. Read the official circular below:

Quarterly Return Monthly Payment (QRMP) scheme launched.

Now taxpayers up to Rs. 5 Cr turnover have the option to file their GSTR-1 and GSTR-3B returns quarterly.

FAQ :

The QRMP scheme stands for Quarterly Return Monthly Payment scheme, allowing eligible taxpayers to file their GSTR-1 and GSTR-3B returns quarterly.

Taxpayers with an annual turnover of up to Rs 5 crore are eligible to opt for the QRMP scheme.

Under the QRMP scheme, taxpayers can file their GSTR-1 and GSTR-3B returns quarterly.

The turnover limit for opting into the QRMP scheme is up to Rs 5 crore.

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