Understanding the QRMP Scheme for Small Taxpayers, Get Practical

The QRMP (Quarterly Return Filing and Monthly Payment) scheme is a significant GST compliance initiative designed to ease the burden for small taxpayers in India. Under this scheme, businesses with an annual aggregate turnover of up to ₹5 crore in the preceding financial year can opt to file their GSTR-1 and GSTR-3B returns quarterly, while continuing to pay their tax dues on a monthly basis. This hybrid approach allows eligible taxpayers to reduce the frequency of return filing without compromising on timely tax payments, making compliance more manageable for small and medium enterprises.

Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110098, by SLA Consultants India, New Delhi,

To avail the QRMP scheme, a taxpayer must indicate their preference on the GST portal within the specified window—typically from the first of the second month of the preceding quarter to the last day of the first month of the quarter for which the option is being exercised. For example, to opt for quarterly filing for April–June 2025, the choice must be made between 1st February and 30th April 2025. Once enrolled, the taxpayer files GSTR-1 and GSTR-3B only once every quarter, but must pay tax each month using Form GST PMT-06 by the 25th of the following month. GST Course in Delhi

Monthly tax payments under QRMP can be made using two methods: the Fixed Sum Method (FSM), also known as the 35% challan method, or the Self-Assessment Method (SAM). In FSM, the taxpayer pays 35% of the tax paid in cash in the previous quarter (if they filed quarterly) or 100% of the tax paid in the last month of the previous quarter (if they filed monthly). The SAM allows taxpayers to estimate and pay their actual tax liability for the month. This flexibility helps businesses manage their cash flow efficiently while staying compliant.

A unique feature of the QRMP scheme is the Invoice Furnishing Facility (IFF), which allows taxpayers to upload B2B invoices every month, even though they file GSTR-1 quarterly. This ensures that their buyers can claim Input Tax Credit (ITC) on time, maintaining smooth business relationships and uninterrupted ITC flow. The IFF is optional and can be used for the first two months of each quarter, with a limit of up to ₹50 lakh per month.

The QRMP scheme is not mandatory and can be opted in or out of each quarter, depending on the taxpayer’s eligibility and business needs. However, if a business’s turnover exceeds ₹5 crore during any quarter, it becomes ineligible for QRMP from the next quarter and must switch to monthly filings. This scheme has proven to be a strategic move for small businesses, balancing regulatory compliance with operational ease and cost savings.

Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110098, by SLA Consultants India, New Delhi,

For those wishing to master QRMP compliance and other GST processes, SLA Consultants India in Delhi (serving 110098) offers a practical GST course covering QRMP, return filing, ITC management, and the latest GST updates. The course features real-world assignments, GST software training, expert-led sessions, and 100% job placement support.

In summary, the QRMP scheme offers small taxpayers the convenience of quarterly return filing and monthly tax payment, with features like IFF and flexible payment methods. Professional training from SLA Consultants India can help you leverage these benefits for efficient and compliant GST management.