QRMP Scheme Payment

1. All taxpayers having aggregate turnover up to Rs 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards), are required to furnish return on quarterly basis, along with payment of tax on monthly basis.

2. Persons availing QRMP Scheme are required to pay tax due, in each of the three months of the quarter, by depositing the due amount as discussed below.

3. Payment of Tax for first two months of a quarter (M1 & M2 ie for January and February month for Jan-March Quarter):

a. While generating the challan, taxpayers must select “Monthly payment for quarterly taxpayer” as reason for generating the challan.

b. They can choose either of the following two options to generate the Challan:

i. 35% Challan (Fixed Sum Method): For taxpayers opting for this method, portal will generate a pre-filled challan in Form GST PMT-06, for an amount equal to 35% of the tax paid in cash, in the preceding quarter, if the return was furnished quarterly or equal to the tax paid in cash in the last month of the immediately preceding quarter, if the return was furnished monthly.

ii. Challan on a self-assessment basis (Self-Assessment Method): These taxpayers can pay tax due by considering the tax liability on inward and outward supplies and the input tax credit as available, in FORM GST PMT-06.

Note: The aforesaid options are not available for payment of tax for third month (M3) of the quarter to persons availing QRMP Scheme.

c. Payment of Tax for third month of a quarter (M3 ie for March month for Jan-March Quarter): For third month of the quarter (M3), taxpayers can click button ‘Create Challan’ in Payment Table 6 of Form GSTR-3B and file GST-PMT-06 Challan, for depositing any amount towards their tax liability.

d. For more details on QRMP Scheme, please click on below links:

https://www.gst.gov.in/newsandupdates/read/417
https://www.gst.gov.in/newsandupdates/read/437
https://www.gst.gov.in/newsandupdates/read/447

This is for your information and necessary action please.

Thanking You,
Team GSTN

Great summary on the QRMP scheme payments! Just to add some clarity and quick pointers for easy reference:

QRMP Scheme Payment Highlights:

Who can opt?
Taxpayers with aggregate turnover up to Rs 5 crores can file quarterly returns but pay tax monthly under QRMP.
Payment months & options:
- Months 1 & 2 (M1 & M2) — You pay tax using either:
  - 35% Challan (Fixed Sum Method):
    Pre-filled challan based on 35% of the tax paid in cash in the last quarter or last month if monthly filing.
  - Self-Assessment Method:
    Calculate actual tax liability based on inward/outward supplies and ITC available.
- While generating challan, select reason: "Monthly payment for quarterly taxpayer."
Month 3 (M3):
- No 35% or self-assessment options.
- Taxpayer must generate challan by clicking “Create Challan” in Payment Table 6 of GSTR-3B.
- Pay full tax liability for the quarter.
Filing returns:
Return is filed quarterly with payment made monthly.

Additional Tips:

Always keep track of your payments for M1, M2, and M3 to avoid interest/late fees.
You can pay more than the prescribed 35% for M1 and M2 if you expect higher liability.
If tax liability is zero or negative, no payment is required for that month.
For detailed stepwise guidance, refer to official GST portal help or circulars related to QRMP.