Quarterly return monthly payment scheme: monthly tax deposits required with quarterly GSTR-3B filing and prescribed payment methods. The circular implements the QRMP scheme allowing registered persons with aggregate turnover up to five crore rupees to file quarterly returns while making monthly tax payments. Eligibility is GSTIN-wise based on portal-calculated turnover; option windows, default migration criteria, and opt-out rules are set. Outward supplies are filed in quarterly GSTR-1 with an optional Invoice Furnishing Facility (IFF) for the first two months subject to a per-month value cap. Monthly tax deposits via Form GST PMT-06 are required by the 25th, using either a system fixed sum method or self-assessment; deposits offset quarterly liability and interest and late-fee rules are clarified.
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Quarterly return monthly payment scheme: monthly tax deposits required with quarterly GSTR-3B filing and prescribed payment methods.
The circular implements the QRMP scheme allowing registered persons with aggregate turnover up to five crore rupees to file quarterly returns while making monthly tax payments. Eligibility is GSTIN-wise based on portal-calculated turnover; option windows, default migration criteria, and opt-out rules are set. Outward supplies are filed in quarterly GSTR-1 with an optional Invoice Furnishing Facility (IFF) for the first two months subject to a per-month value cap. Monthly tax deposits via Form GST PMT-06 are required by the 25th, using either a system fixed sum method or self-assessment; deposits offset quarterly liability and interest and late-fee rules are clarified.
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