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QRMP SCHEME

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Krishanu Chowdhury

139 Points Posted on 20 February 2021

DEAR SIR I HAVE BOTH SALE AND PURCHASE INVOICE FOR THE MONTH OF JANUARY,2021 IN JAN-MARCH QUARTER. HOW TO UPLOAD THESE INVOICES IN GST PORTAL IN THE FORM OF GSTR1 AND GSTR3B ? AND HOW TO MAKE PAYMENT FOR THESE INVOICES?

Replies (3)

Quick Summary

This discussion clarifies how to manage GST filings and payments under the QRMP (Quarterly Return Monthly Payment) scheme. It explains that for quarterly filers, sales invoices are uploaded via the Invoice Furnishing Facility (IFF) and not directly in GSTR1. Payments can be made on a self-assessment basis using PMT-06 before the 25th of the following month, or via a fixed sum method. Any available Input Tax Credit (ITC) in the electronic credit ledger will be automatically set off when filing the GSTR-3B for the quarter.

Deepak Kumar

453 Points Posted on 20 February 2021

If you have choice for Gstr -3b quarterly basis so there fore you hve to upload invoices through IFF basis. you have to choice for payment 1. self Assesment basis 2. Fixed sum method for 35% for the last qurter

Krishanu Chowdhury

139 Points Posted on 21 February 2021

DEAR SIR

1) IN QRMP SCHEME IN GST HOW CAN I UPLOAD INVOICES IN IFF BASIS?

2) HOW TO MAKE PAYMENT UNDER SELF ASSESSMENT BASIS IN QRMP SCHEME IN GST?

3) IF THERE IS BALANCE IN ELECTRONIC CREDIT LEDGER THEN HOW TO SET OFF THAT BALANCE IN QRMP SCHEME IN GST?

CA Harshali Salvi

Practicing Chartered Accountant

578 Points Posted on 21 February 2021

Ans 1 you not need to upload document. like fiking details in GSTR1 u van upload details of sale invoices.

ans 2 ) If you are having liability to pay tax on self assessment basis thn you should pay tht amount through PMT -06 before 25th of the next month.

ans 3) ITC available in credit ledger will be set off when you file GSTR 3B of quarter .