𝗙𝗼𝗿𝗺 𝘁𝗼 𝗖𝗵𝗮𝗻𝗴𝗲 𝗣𝗿𝗼𝗳𝗶𝗹𝗲 𝗳𝗼𝗿 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗥𝗲𝘁𝘂𝗿𝗻 𝗮𝗻𝗱 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 (𝗤𝗥𝗠𝗣) 𝗦𝗰𝗵𝗲𝗺𝗲 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄 𝗼𝗳 𝗤𝗥𝗠𝗣 𝗦𝗰𝗵𝗲𝗺𝗲 𝟭. 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗥𝗲𝘁𝘂𝗿𝗻𝘀 𝘄𝗶𝘁𝗵 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 (𝗤𝗥𝗠𝗣) 𝗦𝗰𝗵𝗲𝗺𝗲? Quarterly Returns with Monthly Payment (QRMP) Scheme is for eligible taxpayers to file their Form GSTR-1 and Form GSTR-3B returns on quarterly basis, while paying their tax dues on monthly basis through a challan.

𝟮. 𝗪𝗵𝗼 𝗮𝗹𝗹 𝗮𝗿𝗲 𝗲𝗹𝗶𝗴𝗶𝗯𝗹𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲? All taxpayers whose aggregate annual turnover (PAN based) is up to ₹ 5 Crore in the current financial year and the preceding financial year (if applicable) and have already filed their last due Form GSTR-3B return, are eligible for the QRMP scheme. If your aggregate turnover (PAN based) for FY 2019-20 and current Financial year is up to ₹ 5 Crore and you have filed your FORM GSTR-3B for the month of October 2020 (let’s say at least) by 30th November 2020, you will be assigned to QRMP scheme, by the GST system. For example: A taxpayer’s whose Annual aggregate turnover (AATO) was less than/ up to ₹ 5 Crore in preceding FY and has filed Form GSTR-3B for the period June 2021 (let’s say at least) by last day of the first month of the next quarter ie by 31st July, 2021.

𝟯. 𝗜𝘀 𝘁𝗵𝗲 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝘁𝗼 𝗲𝘃𝗲𝗿𝘆 𝘁𝗮𝘅𝗽𝗮𝘆𝗲𝗿? No, the QRMP scheme is not available to every taxpayer. The QRMP scheme can be availed only by those taxpayers who are liable to file Form GSTR-1 and Form GSTR-3B returns and can be opted by: • Registered taxpayer (Normal taxpayer, SEZ Developer, SEZ unit) • Taxpayers who have opted out of composition scheme • Persons applying for a fresh registration as Normal taxpayer Note: The scheme is not available for taxpayers whose Annual aggregate turnover (AATO) is more than ₹ 5 Crores.

𝟰. 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗽𝗿𝗲-𝗰𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗼𝗽𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲 𝗳𝗼𝗿 𝗮 𝘁𝗮𝘅𝗽𝗮𝘆𝗲𝗿? Following pre-conditions must be fulfilled by a taxpayer to opt for QRMP scheme: • Taxpayer must be registered as a regular taxpayer or opted out of composition scheme • Taxpayer must have a valid User ID and password • The Annual aggregate turnover (AATO) in current and preceding FY (if applicable) is up to ₹ 5 Cr. • The Form GSTR-3B return for most recent tax period has been filed. • There is no data saved on the portal in Form GSTR-1 for the applicable period (i.e. period for which you are opting for QRMP scheme).

𝗜𝗻𝘃𝗼𝗶𝗰𝗲 𝗙𝘂𝗿𝗻𝗶𝘀𝗵𝗶𝗻𝗴 𝗙𝗮𝗰𝗶𝗹𝗶𝘁𝘆 (𝗜𝗙𝗙) 𝟱. 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗜𝗙𝗙? IFF stands for Invoice Furnishing Facility for taxpayers who have opted for QRMP scheme to declare outward supplies to a registered person for first two months of any quarter. It is an optional facility. The facility will be similar to Form GSTR-1. It allows filing for only B2B invoices, credit notes, debit notes etc. Last date of filing IFF for a month is the 13th of the next month. This will allow recipient taxpayers to take credit of these invoices in the same month, if reported in IFF, by the supplier taxpayer under QRMP scheme.

𝟳. 𝗙𝗿𝗼𝗺 𝘄𝗵𝗲𝗿𝗲 𝗰𝗮𝗻 𝗜 𝗼𝗽𝘁 𝗶𝗻 𝗼𝗿 𝗼𝗽𝘁 𝗼𝘂𝘁 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲? Login to the GST portal using your valid credentials and then navigate to Services > Returns > Opt-in for Quarterly Return option to opt in or opt out of the QRMP scheme.

𝟴. 𝗖𝗮𝗻 𝗜 𝗮𝘃𝗮𝗶𝗹 𝘁𝗵𝗲 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲 𝗮𝘁 𝗮𝗻𝘆 𝗽𝗼𝗶𝗻𝘁 𝗼𝗳 𝘁𝗶𝗺𝗲 𝗱𝘂𝗿𝗶𝗻𝗴 𝗮 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘆𝗲𝗮𝗿? You can opt in or opt out of the QRMP scheme as per the timelines mentioned in the table below:

𝟵. 𝗖𝗮𝗻 𝗮 𝗚𝗦𝗧 𝗣𝗿𝗮𝗰𝘁𝗶𝘁𝗶𝗼𝗻𝗲𝗿 𝗼𝗽𝘁 𝗶𝗻/ 𝗼𝗽𝘁 𝗼𝘂𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲 𝗼𝗻 𝗯𝗲𝗵𝗮𝗹𝗳 𝗼𝗳 𝘁𝗮𝘅𝗽𝗮𝘆𝗲𝗿? No, a GST practitioner cannot opt in/ opt out of the QRMP scheme on the behalf of taxpayer. A GST Practitioner can only view details. 𝟭𝟬. 𝗜 𝗵𝗮𝘃𝗲 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗚𝗦𝗧𝗜𝗡𝘀 𝗼𝗻 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗣𝗔𝗡 𝗶𝗻 𝘀𝗮𝗺𝗲/𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗦𝘁𝗮𝘁𝗲𝘀. 𝗖𝗮𝗻 𝗜 𝗼𝗽𝘁 𝗶𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲 𝗳𝗼𝗿 𝘀𝗼𝗺𝗲 𝘀𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗚𝗦𝗧𝗜𝗡𝘀 𝗼𝗻𝗹𝘆? Yes, you may opt for the QRMP Scheme for certain GSTINs and remain out of the scheme for remaining GSTINs, registered on a common PAN.

𝗠𝗶𝗴𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗘𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝘁𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀 𝘁𝗼 𝗤𝗥𝗠𝗣 𝗦𝗰𝗵𝗲𝗺𝗲 𝟭𝟭. 𝗕𝗲𝗳𝗼𝗿𝗲 𝗰𝗼𝗺𝗺𝗲𝗻𝗰𝗲𝗺𝗲𝗻𝘁 𝗼𝗳 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲, 𝘄𝗶𝗹𝗹 𝘁𝗵𝗲 𝗚𝗦𝗧 𝘀𝘆𝘀𝘁𝗲𝗺 𝗮𝘀𝘀𝗶𝗴𝗻 𝘁𝗵𝗲 𝗲𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝘁𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀 𝘁𝗼 𝘁𝗵𝗶𝘀 𝘀𝗰𝗵𝗲𝗺𝗲? Yes, for the Quarter Jan to Mar 2021, all the registered taxpayers whose Annual Aggregate Turnover (AATO) in the FY 2019-20 was up to ₹ 5 Crore and has not exceeded ₹ 5 Crore turnover in current FY i.e. 2020-21 and have furnished there return in Form GSTR-3B for the month of October 2020 by 30th November 2020, will be assigned to QRMP scheme by the GST system.

𝟭𝟮. 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗿𝘂𝗹𝗲𝘀 𝗯𝗮𝘀𝗲𝗱 𝗼𝗻 𝗔𝗻𝗻𝘂𝗮𝗹 𝗔𝗴𝗴𝗿𝗲𝗴𝗮𝘁𝗲 𝗧𝘂𝗿𝗻𝗼𝘃𝗲𝗿 (𝗔𝗔𝗧𝗢) 𝗯𝘆 𝘄𝗵𝗶𝗰𝗵 𝘁𝗵𝗲 𝗲𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝘁𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗮𝘀𝘀𝗶𝗴𝗻𝗲𝗱 𝘁𝗼 𝗤𝗥𝗠𝗣 𝗦𝗰𝗵𝗲𝗺𝗲 𝗯𝘆 𝘁𝗵𝗲 𝗚𝗦𝗧 𝘀𝘆𝘀𝘁𝗲𝗺? The existing taxpayers will be migrated to the QRMP scheme, based on the following criteria of annual aggregate turnover. 𝗡𝗼𝘁𝗲: In case your return in Form GSTR-3B for the month of Oct. 2020 is not filed by 30th November 2020, GST Portal will migrate your profile to Monthly Return filing option.

𝗖𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝗣𝗿𝗼𝗳𝗶𝗹𝗲 𝗔𝗳𝘁𝗲𝗿 𝗢𝗽𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗤𝗥𝗠𝗣 𝗦𝗰𝗵𝗲𝗺𝗲 𝟭𝟯. 𝗖𝗮𝗻 𝗜 𝗰𝗵𝗮𝗻𝗴𝗲 𝗮𝗻𝗱 𝘀𝗮𝘃𝗲 𝗺𝘆 𝗽𝗿𝗼𝗳𝗶𝗹𝗲 𝗳𝗼𝗿 𝘁𝘄𝗼 𝗰𝗼𝗻𝘀𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝘀 𝗶𝗻 𝗮 𝘆𝗲𝗮𝗿? No, you cannot take actions for two consecutive quarters simultaneously on the GST Portal. At any given point of time, you can opt in/ opt out for a single quarter only. 𝗡𝗼𝘁𝗲: The option selected in the current quarter will continue to be the option for the subsequent quarters also.

𝟭𝟰. 𝗜 𝗵𝗮𝘃𝗲 𝘀𝗮𝘃𝗲𝗱 𝗙𝗼𝗿𝗺 𝗚𝗦𝗧𝗥-𝟭 𝗳𝗼𝗿 𝘁𝗵𝗶𝘀 𝗾𝘂𝗮𝗿𝘁𝗲𝗿 𝗯𝘂𝘁 𝗳𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝗙𝗼𝗿𝗺 𝗚𝗦𝗧𝗥-𝟯𝗕 𝗿𝗲𝘁𝘂𝗿𝗻 𝗶𝘀 𝗽𝗲𝗻𝗱𝗶𝗻𝗴. 𝗖𝗮𝗻 𝗜 𝗼𝗽𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘀𝗰𝗵𝗲𝗺𝗲 𝗻𝗼𝘄? No, you cannot opt for the QRMP scheme, if you have saved any details in Form GSTR-1 for that particular quarter. You can delete the saved records in Form GSTR-1 and then choose to opt into the scheme

𝟭𝟱. 𝗔𝘀 𝗽𝗮𝗿𝘁 𝗼𝗳 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝘁𝗼 𝘁𝗵𝗲 𝘀𝗰𝗵𝗲𝗺𝗲, 𝗺𝘆 𝗚𝗦𝗧𝗜𝗡 𝘄𝗮𝘀 𝗺𝗶𝗴𝗿𝗮𝘁𝗲𝗱 𝘁𝗼 𝘁𝗵𝗲 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗤𝘂𝗮𝗿𝘁𝗲𝗿 𝗝𝗮𝗻-𝗠𝗮𝗿 𝟮𝟬𝟮𝟭. 𝗗𝗼 𝗜 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗮𝗴𝗮𝗶𝗻 𝗼𝗽𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘀𝗰𝗵𝗲𝗺𝗲 𝗳𝗼𝗿 𝗻𝗲𝘅𝘁 𝗾𝘂𝗮𝗿𝘁𝗲𝗿(𝘀)? No, once you have opted for QRMP scheme or have been assigned to QRMP scheme by the GST system, the same will continue for subsequent quarters (unless you want to opt out of the scheme or in case the aggregate turnover for current FY exceeds ₹ 5 Crore during a quarter).

𝟭𝟲. 𝗜 𝗵𝗮𝘃𝗲 𝗼𝗽𝘁𝗲𝗱 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲. 𝗪𝗶𝗹𝗹 𝗜 𝗻𝗼𝘄 𝗯𝗲 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝘁𝗼 𝗳𝗶𝗹𝗲 𝗯𝗼𝘁𝗵 𝗙𝗼𝗿𝗺 𝗚𝗦𝗧𝗥-𝟭 𝗮𝗻𝗱 𝗙𝗼𝗿𝗺 𝗚𝗦𝗧𝗥-𝟯𝗕 𝗼𝗻 𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗳𝗿𝗲𝗾𝘂𝗲𝗻𝗰𝘆? Yes, if you opt for QRMP scheme, both Form GSTR-1 and Form GSTR-3B will be required to be filed at quarterly frequency. However, Payment needs to be made every month, for tax dues on monthly basis through a challan.

𝟭𝟳. 𝗜 𝗮𝗺 𝗮 𝗻𝗲𝘄 𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗲𝗱 𝘁𝗮𝘅𝗽𝗮𝘆𝗲𝗿; 𝘄𝗶𝗹𝗹 𝗜 𝗯𝗲 𝗮𝗯𝗹𝗲 𝘁𝗼 𝗼𝗽𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲? Yes, new registered taxpayer whose AATO is up to ₹ 5 Crores can opt for the QRMP scheme based on the following conditions: 𝟭. The registration is granted on any date during the first month of a quarter will be able to opt for QRMP scheme from the beginning itself. 𝗙𝗼𝗿 𝗲𝘅𝗮𝗺𝗽𝗹𝗲, a person granted registration upto 31st January, 2021, will be able to opt for QRMP Scheme from the quarter Jan-Mar, 2021 itself by 31st January, 2021. 𝟮. If, however, the registration is granted on any of the dates during latter 02 months of a quarter, they will be able to opt for QRMP scheme only from next quarter onwards. 𝗙𝗼𝗿 𝗲𝘅𝗮𝗺𝗽𝗹𝗲, a person granted registration on or after 1st February, 2021, will be able to opt for QRMP Scheme only from Quarter Apr-June, 2021 onwards and will have to file Form GSTR-1 and Form GSTR-3B returns monthly, for the months of February and March, 2021.

𝟭𝟴. 𝗪𝗵𝗲𝘁𝗵𝗲𝗿 𝗶𝘁 𝗶𝘀 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝘁𝗼 𝗲𝘅𝗲𝗿𝗰𝗶𝘀𝗲 𝘁𝗵𝗲 𝗼𝗽𝘁𝗶𝗼𝗻 𝗲𝘃𝗲𝗿𝘆 𝗾𝘂𝗮𝗿𝘁𝗲𝗿 / 𝘆𝗲𝗮𝗿? No, registered persons are not required to exercise the option every quarter. Where such option has been exercised once, they will continue to furnish the return as per the selected option for future tax periods, unless they revise the said option or their AATO exceeds ₹ 5 Crore. 𝟭𝟵. 𝗜𝗳 𝗮 𝘁𝗮𝘅 𝗽𝗮𝘆𝗲𝗿 𝗵𝗮𝘀 𝗼𝗽𝘁𝗲𝗱 𝗳𝗼𝗿 𝗤𝗥𝗠𝗣 𝘀𝗰𝗵𝗲𝗺𝗲 𝗮𝗻𝗱 𝗵𝗶𝘀 𝗔𝗔𝗧𝗢 𝗲𝘅𝗰𝗲𝗲𝗱𝘀 ₹ 𝟱 𝗖𝗿𝗼𝗿𝗲𝘀, 𝘁𝗵𝗲𝗻 𝘄𝗶𝗹𝗹 𝘁𝗵𝗲 𝘀𝗰𝗵𝗲𝗺𝗲 𝗯𝗲 𝘃𝗮𝗹𝗶𝗱? No, in case the AATO of a taxpayer exceeds the limit of ₹ 5 Crores, the tax payer will not be eligible for the QRMP scheme.