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GSTR QRMP opt out

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karthikrao

B.com CS(inter) -ongoing

118 Points Posted on 02 February 2021

Sir, I want to opt out from QRMP scheme and continue as monthly basis..,it automatically opted in at GSTR QRMP scheme How sir to change any option?

Replies (2)

Quick Summary

If you've been automatically enrolled in the GSTR QRMP scheme and wish to revert to monthly GST filings, this discussion explains how to opt out. The QRMP scheme allows taxpayers to file quarterly returns and make monthly payments, but you can switch back to monthly submissions if preferred. Guidance is also provided for situations with no sales but only purchases.

Rama chary Rachakonda

Master in Accounts & high court Advocate

7021 Points Posted on 02 February 2021

Come January 1 and GST taxpayers would be able to pay their tax dues on a self assessment basis without having to go through the cumbersome process of filing tax returns on a monthly basis. The Central Board of Indirect Taxes and Customs (CBIC) will introduce the new Quarterly Return and Monthly Payment Scheme (QRMP) for GST taxpayers from next year that will allow taxpayers to file only 4 GSTR-3B returns in a year instead of 12 returns at present.