QRMP scheme tax payment

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203 Points Posted on 22 February 2021
35% = nil
100%= nil
current month net liability= 15000
credit available in credit ledger= 60000


should i have to pay through challan current month's net liability???


please reply me as early as possible

thanks in advance sir,
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On 22 February 2021 at 12:10 Report
Replies (7)
Quick Summary
This discussion clarifies tax payment obligations under the QRMP scheme. If your available credit in the ledger exceeds your current month's net liability, you do not need to make a payment via challan. The consensus is that sufficient credit means no further payment is required for the period.

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Practicing in GST and MSME
1985 Points Posted on 22 February 2021
When credit is available, then nothing need to be paid.
1 Reply
On 22 February 2021 at 13:07
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203 Points Posted on 22 February 2021
Thanks a lot sir,
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On 22 February 2021 at 13:08
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Chartered Accountant
86505 Points Posted on 22 February 2021
Nothing to pay, as ITC available in Credit Ledger.
1 Reply
On 22 February 2021 at 20:55
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203 Points Posted on 22 February 2021
Thanks a lot ma'am
1 Reply
On 22 February 2021 at 20:58
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Chartered Accountant
86505 Points Posted on 22 February 2021
Welcome..... It's my pleasure....
1 Reply
On 22 February 2021 at 20:59
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CA
1258 Points Posted on 28 February 2021

Since the credit available in your credit ledger is more than the liability no need to pay any amount

1 Reply
On 28 February 2021 at 16:50
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203 Points Posted on 28 February 2021
Thanks a lot ma'am
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On 28 February 2021 at 21:58

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