How to make tax payments under QRMP Scheme

How to make tax payments under QRMP Scheme? How to make tax payments under QRMP Scheme?

Reetu

Feb 16, 2021

Last update on Feb 16, 2021

How to make tax payments under QRMP Scheme? The Central Board of Indirect Taxes & Customs introduced the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under 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. Payment of tax

In the fixed sum method, the 35 Challan can be generated by selecting the Reason For Challan>Monthly Payment for Quarterly Return > 35 Challan which is in turn calculated as per the following situation :
- 35% of the amount paid as tax from Electronic Cash Ledger in their preceding quarter GSTR 3B return, if it was furnished on a quarterly basis; or
- 100% of the amount paid as tax from Electronic Cash Ledger in their GSTR 3B return for the last month of the immediately preceding quarter, if it was furnished on monthly basis.
It is to note that, for the months of Jan and Feb 2021, in Q4 of 2020 21, the auto-populated challan generated under 35% Challan would contain 100% of the tax liability discharged from Electronic Cash Ledger for the month of December 2020 (and not 35%).[Reason: Till December 2020, all taxpayers were filing GSTR 3B returns on a monthly basis.]
From April 2021 onwards, the pattern as suggested at (a) and (b) would follow.

Refund in QRMP Scheme Filing of the Refund application by taxpayers under QRMP scheme

All taxpayers who have opted for or assigned quarterly filing of Form GSTR 3 B in the QRMP scheme, will now be allowed to claim a refund on a 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 the filing of Refund application on the GST Portal.

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Reetu

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Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.