QRMP scheme GSTR3B from jan 1 2021 clarification
This query is : Resolved
Pragna Marfatia
(Querist)
08 December 2020
Seetharaman Sir,
In Fixed Sum method, will it consider itc for calculation or only 35% of previous quarter for first and second month.
In self Assessment method, I have to pay actual calculated tax or 35% of self assessed tax, with ITC considered for first and second method.
Is FSM method more beneficial or SAM method?
Will appreciate your guidance.
In Fixed Sum method, will it consider itc for calculation or only 35% of previous quarter for first and second month.
In self Assessment method, I have to pay actual calculated tax or 35% of self assessed tax, with ITC considered for first and second method.
Is FSM method more beneficial or SAM method?
Will appreciate your guidance.
Lekhraj sood
(Expert)
08 December 2020
To really have the benefit of relaxation it is better to pay on FSM. You don't need to consider ITC for FSM.
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