Payment of Tax by Taxpayers under QRMP Scheme, for March, 2021

Rohit Kumar Singh | Last updated: 12 April 2021

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Taxpayers enrolled in the QRMP scheme, with an annual turnover up to Rs. 5 crores, must now pay their GST tax on a monthly basis, even though they file returns quarterly. For the first two months of a quarter, taxpayers can choose to generate a challan using either the 35% Fixed Sum Method or by self-assessing their tax liability. The third month's tax payment requires direct challan generation via Form GSTR-3B.

GSTN has issued an advisory on 8th April 2021 for payment of Tax by Taxpayers under QRMP Scheme, for the month of March, 2021 1. All taxpayers having aggregate turnover up to Rs. 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards), are required to furnish return on quarterly basis, along with

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

Rohit Kumar Singh

Founder - TaxMarvel Consulting Services LLP

Rohit is a CA, CS and CMA and Gold Medalist Law Graduate. He has also passed DISA (ICAI). Rohit is Founder of TaxMarvel Consulting Services LLP (a niche consulting firm engaged in providing GST Services to Corporates and SMEs) He was earlier head ofGST Business (GST Suvidha Provider) for Karvy Data Management Servic ... Read more

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