QRMP Scheme in GST (Quarterly Returns Monthly Payment) is for all Normal and SEZ registered taxpayers whose aggregate annual turnover (AATO) during previous FY (2019-20) and current FY (FY 2020-21) was up to Rs. Five Crore. All such taxpayers falling under QRMP scheme in GST, would become eligible to file quarterly returns and pay tax on monthly basis.
The GST QRMP Scheme is applicable w.e.f. 01-January-2021. For quarter January-2021 to March-2021, taxpayers not migrated by default, needs to choose between quarterly or monthly option for a quarter as per the scheme by logging into GSTN portal by 31-January-2021.
Taxpayers whose AATO for the FY 2019-20 is up to Rs. Five Crore and have furnished the return in Form GSTR-3B for the month of October-2020 by 30-November-2020, has been migrated by default under the GST QRMP Scheme as follows:
• Migrated as Quarterly:
• AATO Up to Rs. 1.5 Crore, who have furnished Form GSTR-1 on quarterly basis in current FY
• AATO More than Rs. 1.5 Crore and up to Rs. 5 Crore in preceding FY and in current FY
• Migrated as Quarterly:
• AATO Up to Rs. 1.5 Crore, who have furnished Form GSTR-1 on monthly basis in current FY
The option to avail this scheme can be availed GSTIN wise by a taxpayer i.e. GSTINs for same PAN can opt for the Scheme
and remaining GSTINs can remain out of the Scheme.
• Watch this video if you are looking for answers for below questions:
What is QRMP scheme?
How do I opt QRMP scheme?
Is GST payment monthly or quarterly under QRMP scheme?
How do I convert GST to quarterly monthly?
Who is eligible for quarterly return in GST?
What is Invoice Furnishing Facility?
What is due date of filing of GST returns w.e.f. 1-January-2020?
When not required to deposit GST under QRMP scheme?
What is timelines to opt in or opt out of QRMP scheme?
What is default migration under QRMP scheme?
How to opt in or opt out of the QRMP scheme on GSTN portal?
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For FAQs on GSTN Portal
https://tutorial.gst.gov.in/userguide/returns/index.htm#t=FAQs_change_profile.htm
• Filing of Refund application by taxpayers under QRMP scheme:
All taxpayers who have opted for or assigned quarterly filing of Form GSTR-3B in QRMP scheme, will now be allowed to claim refund on quarterly basis only. If such taxpayer chooses a period other than quarterly, while filing a refund application, they will be shown an error message and will not be allowed to proceed with filing of refund application on the GST Portal.
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