QRMP Scheme — Quarterly Returns Monthly Payment for Small GST Taxpayers

The Quarterly Return Monthly Payment (QRMP) scheme is a GST compliance simplification measure introduced from January 2021 for small taxpayers. Under QRMP, eligible taxpayers file their GSTR-1 and GSTR-3B quarterly (instead of monthly) while paying tax monthly through a simple challan. Here is everything you need to know.

Who Can Opt for QRMP?

• Registered GST taxpayers with aggregate annual turnover up to ₹5 crore in the preceding financial year
• Those who were filing GSTR-3B monthly can opt into QRMP for the next quarter
• Taxpayers under the Composition Scheme are NOT eligible for QRMP (they already have quarterly filing)

QRMP is optional — eligible taxpayers can choose to continue with monthly filing if preferred. The option is exercised on the GST portal by the last day of the first month of the quarter (e.g., by 31 January for the Q4 January-March quarter).

How QRMP Works

Quarterly Filing: GSTR-1 and GSTR-3B are filed quarterly — for Q1 (April-June), Q2 (July-September), Q3 (October-December) and Q4 (January-March). Due dates are the same as regular quarterly filers.

Monthly Tax Payment: For months 1 and 2 of each quarter (e.g., April and May for Q1), tax is paid via Form PMT-06 challan by the 25th of the following month. No return is filed — just the challan. For month 3 (e.g., June for Q1), the full GSTR-3B is filed with final tax computation.

PMT-06 Challan Amount: Can be computed either as: (a) 35% of the tax paid in the last quarterly return, OR (b) actual tax liability based on invoices uploaded — whichever is convenient.

Invoice Furnishing Facility (IFF)

QRMP taxpayers can optionally upload B2B invoices for months 1 and 2 of each quarter using the Invoice Furnishing Facility (IFF) — allowing their customers to see and claim ITC on those invoices in GSTR-2B without waiting for the quarterly GSTR-1. IFF upload deadline is the 13th of the following month.

Benefits of QRMP

• Reduced compliance burden — only 4 GSTR-1 and 4 GSTR-3B filings per year instead of 24
• Saves professional fees for small businesses
• Monthly payment ensures no large quarterly tax liability shock
• IFF ensures B2B customers can claim ITC monthly

Conclusion

The QRMP scheme is a significant compliance relief for small GST taxpayers — reducing annual return filings from 24 to 8. SPOTON manages QRMP compliance for Kerala businesses, ensuring timely PMT-06 payments and quarterly return filing. Contact us for hassle-free GST compliance.