What is QRMP Scheme in GST ? How to opt QRMP Scheme ? Advantages and disadvantages of QRMP Scheme ?

 What is QRMP Scheme in GST?

The QRMP Scheme (Quarterly Return Monthly Payment Scheme) is a facility introduced by the Goods and Services Tax Network under the Goods and Services Tax that allows small taxpayers to file GSTR-1 and GSTR-3B quarterly while paying tax monthly.

This scheme was introduced to reduce the compliance burden for small businesses.

👉 It became effective from 1 January 2021 and is available for taxpayers with aggregate turnover up to ₹5 crore in the previous financial year.

Eligibility for QRMP Scheme

A registered taxpayer can opt for the QRMP scheme if:

Aggregate turnover is up to ₹5 crore in the previous financial year.

The taxpayer has filed the last due GST return.

The taxpayer is registered under regular GST (not composition scheme).

Returns under QRMP Scheme

Under this scheme:

Return

Filing Frequency

GSTR-1

Quarterly

GSTR-3B

Quarterly

Tax Payment

Monthly

Tax can be paid monthly using PMT-06 challan.

Invoice Furnishing Facility (IFF)

The government also introduced IFF (Invoice Furnishing Facility) for QRMP taxpayers.

It allows businesses to upload B2B invoices monthly.

Maximum limit: ₹50 lakh invoices per month.

Helps buyers to claim ITC without waiting for the quarterly return.

How to Opt for QRMP Scheme (Step-by-Step)

Follow these steps on the Goods and Services Tax Network GST Portal:

Visit www.gst.gov.in�

Login with GSTIN and password

Go to Services

Click Returns

Select Opt-in for Quarterly Return

Choose Financial Year

Select QRMP Scheme

Click Submit and Confirm

👉 You can opt between 1st day of the 2nd month of the preceding quarter to the last day of the first month of the quarter.

Example:

For April–June quarter, you can opt between 1 February to 30 April.

Advantages of QRMP Scheme

1. Less Compliance

Taxpayers file returns only 4 times a year instead of 12.

2. Time Saving

Reduces frequent return filing workload.

3. Helpful for Small Businesses

Small taxpayers can manage cash flow and compliance easily.

4. Flexible Tax Payment

Two options available for monthly tax payment:

Fixed Sum Method

Self-Assessment Method

5. Invoice Upload via IFF

Businesses can upload invoices monthly for ITC benefit to buyers.

Disadvantages of QRMP Scheme

1. Monthly Tax Payment Still Required

Even though returns are quarterly, tax must still be paid monthly.

2. ITC Delay Without IFF

If invoices are not uploaded through IFF, buyers may face delay in claiming ITC.

3. Extra Tracking Needed

Businesses must track:

Monthly payments

Quarterly returns

IFF uploads

4. Not Suitable for Large Businesses

Businesses with high invoice volume may find it difficult.

Example

If a business has ₹2 crore annual turnover:

It can opt for QRMP scheme.

It will file:

GSTR-1 → Quarterly

GSTR-3B → Quarterly

Tax Payment → Monthly (PMT-06)

GST Registration full process.

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