GST QRMP: Quarterly Returns and Monthly Payment
Understand eligibility, quarterly GSTR-1 and GSTR-3B, IFF and monthly PMT-06 payments.
Understand eligibility, quarterly GSTR-1 and GSTR-3B, IFF and monthly PMT-06 payments. Use the sections below to understand the practical decisions, records and compliance points before taking action.
QRMP changes frequency, not discipline
Eligible taxpayers with PAN-level annual aggregate turnover up to the prescribed Rs 5 crore limit can opt for quarterly GSTR-1 and GSTR-3B while paying tax monthly.
Check each GSTIN profile
Eligibility uses PAN-level turnover, but the QRMP option is exercised GSTIN-wise. The latest applicable GSTR-3B and portal conditions must be satisfied.
IFF is optional for first two months
The Invoice Furnishing Facility allows selected B2B documents for month one and month two so recipients can see credit earlier. Unused or unfiled records need correct quarter-end handling.
Monthly payment still applies
For the first two months of the quarter, tax is deposited using PMT-06 according to the selected calculation method and actual liability considerations. Interest exposure needs review.
Quarter-end needs complete reconciliation
The quarterly GSTR-1 and GSTR-3B should include remaining data and reconcile IFF, sales, purchases, tax payments and ledgers.
Monitor turnover and option windows
Crossing eligibility limits or changing the profile affects future periods. Check portal assignment and opt-in or opt-out windows rather than assuming quarterly filing continues forever.
Official References
Rules and portal requirements can change. Review the current official material relevant to the proposed company.
This article provides general information and is not a substitute for legal, tax or investment advice. Applicability should be reviewed for the proposed entity and current law.