Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110008, by SLA Consultants India, New Delhi

Understanding the QRMP Scheme for Small Taxpayers

What is the QRMP Scheme?

The Quarterly Return Monthly Payment (QRMP) scheme is an initiative under India’s Goods and Services Tax (GST) framework, designed to simplify compliance for small taxpayers. Launched by the Central Board of Indirect Taxes and Customs (CBIC) on January 1, 2021, the QRMP scheme enables eligible businesses to file their GST returns—specifically GSTR-1 (outward supplies) and GSTR-3B (summary return)—on a quarterly basis, while making tax payments every month.

Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110008, by SLA Consultants India, New Delhi

Eligibility Criteria

The scheme is available to registered taxpayers (including SEZ units) whose aggregate turnover across all GSTINs under their PAN does not exceed ₹5 crore in the preceding financial year.
Taxpayers must not be non-resident, casual taxable persons, Input Service Distributors, or those supplying goods through e-commerce operators required to collect tax at source.
All previous GSTR-1 and GSTR-3B returns must be filed before opting for QRMP.
The scheme is optional, and eligible taxpayers can choose to opt in or out as needed.

How Does the QRMP Scheme Work?

Quarterly Filing: Instead of filing 12 monthly returns, taxpayers file just four GSTR-1 and four GSTR-3B returns annually, reducing compliance from 24 filings to 8.
Monthly Payment: Taxes must still be paid monthly using Form GST PMT-06. Taxpayers can choose between:
- The Fixed Sum Method (35% of the previous quarter’s tax liability)
- The Self-Assessment Method (actual tax due after adjusting Input Tax Credit)
Invoice Furnishing Facility (IFF): For the first two months of each quarter, taxpayers can upload B2B invoices using the IFF, allowing buyers to claim Input Tax Credit (ITC) promptly.
Flexibility: Taxpayers with multiple GSTINs under a single PAN can opt for QRMP for some GSTINs and continue monthly filing for others.

Benefits of the QRMP Scheme

Reduced Compliance Burden: Fewer returns mean less paperwork and more time for business operations
Improved Cash Flow: Monthly payments spread out the tax outflow, aiding cash management.
Simplified Process: The scheme is designed to be user-friendly, with options for automated calculation and easy online opt-in through the GST portal.
Optional Participation: Taxpayers can join or leave the scheme as their business needs change.

Recent Updates and Practical Considerations

As of June 2025, technical issues with refund applications for invoices uploaded via IFF have been resolved, streamlining the refund process for QRMP taxpayers.
Timely filing is crucial—failure to file GSTR-1 and GSTR-3B within deadlines results in daily late fees, interest, and possible blocking of further filings.
Input Tax Credit can only be claimed if returns are filed on time, as delays block ITC for recipients.

Practical GST Course in Delhi by SLA Consultants India

For small business owners and tax professionals in Delhi (110008) seeking to master GST compliance, including the QRMP scheme, SLA Consultants India offers a comprehensive, practical GST Certification Course in Delhi. The program covers:

GST fundamentals and the latest updates
In-depth training on QRMP scheme eligibility, procedures, and compliance
Hands-on sessions for filing GSTR-1, GSTR-3B, and using the IFF
Real-world case studies and practical exercises
Guidance on using GST software for efficient compliance

This course is ideal for business owners, accountants, and aspiring GST professionals aiming to streamline their GST processes and reduce compliance risks.

Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110008, by SLA Consultants India, New Delhi

Conclusion:
The QRMP scheme is a significant step towards simplifying GST compliance for small taxpayers, enabling them to focus more on business growth and less on paperwork. For those in Delhi, SLA Consultants India’s practical GST course provides the skills and knowledge needed to leverage this scheme and ensure seamless GST compliance.

SLA Consultants Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110008, by SLA Consultants India, New Delhi Details with “New Year Offer 2025” with Free SAP FICO Certification are available at the link below:

https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx

https://slaconsultantsdelhi.in/gst-course-training-institute/

GST Training Courses

Module 1 – GST- Goods and Services Tax- By Chartered Accountant- (Indirect Tax)

Module 2 – Income Tax/TDS – By Chartered Accountant (Direct Tax)

Module 3 – Finalization of Balance sheet/ preparation of Financial Statement- By Chartered Accountant

Module 4 – Banking and Finance Instruments – By Chartered Accountant

Module 5 – Customs / Import and Export Procedures – By Chartered Accountant

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