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of <h1>Andhra Pradesh Tax Department Implements QRMP Scheme for Small Businesses Under GST; Quarterly Returns, Monthly Payments Allowed.</h1> The circular issued by the Andhra Pradesh Commercial Taxes Department outlines the implementation of the Quarterly Return Monthly Payment (QRMP) Scheme under the GST framework. It allows registered persons with an annual turnover of up to 5 crore rupees to file GST returns quarterly while paying taxes monthly. The scheme, effective from January 1, 2021, includes provisions for opting in and out, payment methods, and furnishing details of outward supplies. The circular clarifies eligibility, payment options, interest applicability, and late fees. It also emphasizes the need for publicity and addresses potential implementation difficulties.
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