QRMP SCHEME

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629 Points Posted on 29 December 2020
Dear Sir,
it's mandatory to choose QRMP scheme with effect from 1 st January. Can we continues previous scheme month 3B & Quarterly GSTR 1. Annual turnover is less then 3 Crores

please suggest
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On 29 December 2020 at 21:39 Report
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Quick Summary
The QRMP scheme is now mandatory from January 1st. If your annual turnover is less than £5 crore, you can continue with the previous scheme and file GSTR 1 quarterly. However, if your turnover exceeds £5 crore, you will revert to the regular scheme.

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STUDENT
1631 Points Posted on 29 December 2020
Turnover limit 5 Crore ' Last FY - For opting

It's optional !
1 Reply
On 29 December 2020 at 23:37
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Tax consultant
5895 Points Posted on 30 December 2020
It's optional and depend upon you
if you think your business is going to make above 5 cr then don't do it
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On 30 December 2020 at 02:44
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STUDENT
1631 Points Posted on 30 December 2020
Cross the limt , back to regular scheme !
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On 30 December 2020 at 09:14

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