all about gst qrmp scheme.

What is GST QRMP Scheme? QRMP stands for “Quarterly Returns with Monthly Payment”. QRMP scheme is for small taxpayers to file their FORM GSTR-1 and FORM GSTR-3B returns on quarterly basis while paying their tax dues monthly through a simple challan. QRMP scheme is launched to reduce the compliance burden on small tax payers. QRMP scheme is available from 1st January, 2021onwards. All taxpayers whose aggregate turnover is up to Rs. 5 Crore in the current and preceding financial year and have filed their last due GSTR-3B return are eligible for this scheme. This scheme is optional and can be availed by the taxpayers who are liable to file FORM GSTR-1 and FORM GSTR-3B returns. In simple words, the taxpayers who were filing GSTR-3B monthly along with payment of GST monthly are now under QRMP scheme will be allowed to file the GSTR-3B return on quarterly basis, however payment of GST will be required to be made on monthly basis. Know More: https://rupeeinvesting.com/all-about-gst-qrmp-scheme/