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GST QRMP QUERY
If QRMP scheme is opted by the registered person, for paying the tax in first two month of quarter if Self Assessment Method (SAM) is choosed, monthly payment is on net liability basis( output - input as per GSTR 2B), then my doubt is about we can consider the provisional itc for first two month tax payment? Or it is calculated only at the time of filing the GSTR 3B quarter end?
Replies (5)
Quick Summary
yes you can take provisional ITC for determining your tax liability on self assesement basis.
When will take, 105% of monthly GSTR 2B or 105% of quarterly GSTR 2B?
fore determining monthly tax liability on self assessment basis, ITC can be taken at 105% of monthly 2B.
Sir instead of monthly we can take provisional itc on 105% of that quarter GSTR 2B is any restriction in GST law for taking this way?
How will you know the resultant ITC of quarter GSTR-2B since you will be paying for the first two months
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