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April 29, 2021

30th April last date to change from QRMP to Monthly filing in GST Know How to Change

by Mahesh Mara in GST, Legal Court Judgement

30th April last date to change from QRMP to Monthly filing in GST Know How to Change

The Central Board of Indirect Taxes & Customs (CBIC) introduced Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) to help small taxpayers whose turnover is less than Rs. 5 crores. The QRMP scheme allows the taxpayers to file GSTR-3B on a quarterly basis and pay tax every month.

Who are eligible under the QRMP scheme?

A registered person who is required to furnish a return in FORM GSTR-3B, and who has an aggregate turnover of up to 5 crore rupees in the preceding financial year, is eligible for the QRMP Scheme. Further, in case the aggregate turnover exceeds five crore rupees during any quarter in the current financial year, the registered person shall not be eligible for the scheme from the next quarter.

How do taxpayers submit details of outward supplies?

Person opting for the QRMP scheme can use the Invoice Furnishing Facility (IFF) which allows quarterly GSTR-1 filers to upload their invoices every month. One should keep the following points in mind before utilising the IFF:

  • The Invoice Furnishing Facility can be utilised only for the first two months of a quarter.
  • The invoices relating to the last month of a quarter are required to be uploaded in GSTR-1 return
  • There is no requirement to upload invoices in GSTR-1 if the same has been uploaded in the Invoice Furnishing Facility.
  • The taxpayer has to submit the B2B invoice details of sale transactions i.e. both inter-state and intra-state along with debit and credit notes of the B2B invoices issued during the month.
  • The total net value of invoices that can be uploaded is restricted to Rs.50 lakh per month.
  • The details submitted in IFF will be reflected in the GSTR-2A, GSTR-2B, GSTR-4A or GSTR-6A of the recipients as the case may be.
  • The Invoice Furnishing Facility will come into effect from 01.01.2021.

What is the timeline for exercising option under QRMP scheme?

The taxpayer can change the frequency of return under QRMP scheme as below:

QuarterSelection available from
Q1 – Apr-Jun1st Feb 2021 to 30th Apr 2021
Q2 – Jul-Sep1st May 2021 to 31st Jul 2021
Q3 – Oct-Dec1st Aug 2021 to 31st Oct 2021
Q4 – Jan-Mar1st Nov 2021 to 31st Jan 2022

Steps to change QRMP from Quarterly to monthly

Below is the stepwise process to change QRMP from Quarterly to monthly:

Step 1: Go to https://www.gst.gov.in/ and Login using Login ID and password of GST website

Step 2: Now, Go to Service tab and Select “Opt- in for Quarterly Return” option under “Returns”

Step 3: Now, Select the Financial Year for which the taxpayer wants to “Opt- in for Quarterly Return” and click on Search button

Step 4: Now, select, “Monthly” under the “Selected Frequency” column and click on “Continue to returns Dashboard”

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