TaxTMI 
TaxTMI 
Quarterly Return Monthly Payment Scheme
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.... (1), (2) and (7) of section 39 of the Assam GST Act vide Assam GST (Amendment) Act, 2020. 2. Notification No. 82/2020 Central Tax, dated 10.11.2020. Makes the Assam GST (Thirteenth) Amendment Rules, 2020 to the Assam GST Rules 2017. 4. Notification No. 84/2020 - Central Tax, dated 10.11.2020. Notifies class of persons under proviso to section 39(1) of the Assam GST Act. 5. Notification No. 85/2020 - Central Tax dated 10.11.2020. Notifies special procedure for making payment of tax liability in the first two months of a quarter. 2. Various issues related to notifications issued to implement the QRMP Scheme have been examined. In order to explain the Scheme in simple terms and in order to ensure uniformity in implementation across field formations, the Commissioner of State tax, Assam in exercise of its powers conferred under section 168 of the Assam Goods and Services Act, 2017 (hereinafter referred to as the Assam GST Act), hereby clarifies various issues in succeeding paragraphs. 3. Eligibility for the Scheme In terms of notification referred in SI. No. 4 of Table : 1, a registered person who is required to furnish a return in FORM GSTR-3B, and....
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....r, 2020 will not be migrated to the Scheme. They will be able to opt for the Scheme once the FORM GSTR-3B as due on the date of exercising option has been filed. Table : 2 SI. No. Class of registered person Default Option 1 Registered persons having aggregate turnover of up to 1.5 crore rupees who have furnished FORM GSTR-1 on quarterly basis in the current financial year Quarterly return 2 Registered persons having aggregate turnover of up to 1.5 crore rupees who have furnished FORM GSTR-1 on monthly basis in the current financial year Monthly Return 3 Registered persons having aggregate turnover more than 1.5 crore rupees and up to 5 crore rupees in the preceding financial year Quarterly return Above default option has been provided for the convenience of registered persons based on their anticipated behavior. However, such registered persons are free to change the option as above, if they so desire, from 5th of December, 2020 to 31st of January, 2021. It is re-iterated that any taxpayer whose aggregate turnover has exceeded 5 crore rupees in the financial year 2020-21, shall opt out of the Scheme. 4.4 Similarly, the facility for optin....
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....ing details of invoices in IFF has been provided so as to allow details of such supplies to be duly reflected in the FORM GSTR-2A and FORM GSTR-2B of the concerned recipient. For example, a registered person who has availed the Scheme wants to declare two invoices out of the total ten invoices issued in the first month of quarter since the recipient of supplies covered by those two invoices desires to avail ITC in that month itself. Details of these two invoices may be furnished using IFF. The details of the remaining 8 invoices shall be furnished in FORM GSTR-1 of the said quarter. The two invoices furnished in IFF shall be reflected in FORM GSTR-2B of the concerned recipient of the first month of the quarter and remaining eight invoices furnished in FORM GSTR-1 shall be reflected in FORM GSTR-2B of the concerned recipient of the last month of the quarter. The said facility would however be available, say for the month of July, from 1st August till 13th August. Similarly, for the month of August, the said facility will be available from 1st September till 13th September. It is re-iterated that said facility is not mandatory and is only an optional facility made availab....
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....e return for a complete tax period proceeding such month. A complete tax period means a tax period in which the person is registered from the first day of the tax period till the last day of the tax period. (b) Self-Assessment Method: The said persons, in any case, can pay the tax due by considering the tax liability on inward and outward supplies and the input tax credit available, in FORM GST PMT-06. In order to facilitate ascertainment of the ITC available for the month, an auto-drafted input tax credit statement has been made available in FORM GSTR-2B, for every month. 6.2 The said registered person is free to avail either of the two tax payment method above in any of the two months of the quarter. 6.3 It is clarified that in case the balance in the electronic cash ledger and/or electronic credit ledger is adequate for the tax due for the first month of the quarter or where there is nil tax liability, the registered person may not deposit any amount for the said month. Similarly, for the second month of the quarter, in case the balance in the electronic cash ledger and/or electronic credit ledger is adequate for the cumulative tax due for the first and the second....
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.... iii. Further, in case FORM GSTR-3B for the quarter is furnished beyond the due date, interest would be payable as per the provisions of Section 50 of the Assam GST Act for the tax liability net of ITC. Illustration 1 - A registered person, who has opted for the Scheme, had paid a total amount of Rs. 100/- in cash as tax liability in the previous quarter of October to December. He opts to pay tax under fixed sum method. He therefore pays Rs. 35/- each on 25th February and 25th March for discharging tax liability for the first two months of quarter viz. January and February. In his return for the quarter, it is found that liability, based on the outward and inward supplies, for January was Rs. 40/- and for February it was Rs. 42/ -. No interest would be payable for the lesser amount of tax (i.e. Rs. 5 and Rs. 7 respectively) discharged in these two months provided that he discharges his entire liability for the quarter in the FORM GSTR-3B of the quarter by the due date. Illustration 2 - A registered person, who has opted for the Scheme, had paid a total amount of Rs. 100/- in cash as tax liability in the previous quarter of October to December. He opts....