Regarding QRMP

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3 Points Posted on 22 February 2021
As per qrmp scheme 35% of tax paid in cash for last quarter should be paid in cash for 1st month by 25th Feb.
but for last quarter I adjusted my all output liability via ITC.
So, Do I need to pay tax in cash or not by 25th Feb.
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On 22 February 2021 at 13:23 Report
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This discussion clarifies the QRMP scheme's cash payment requirement. If your last quarter's output liability was fully settled using Input Tax Credit (ITC), you might not need to pay any cash tax for the first month of the current quarter. The portal automatically calculates the amount due based on the 35% rule; if it's zero, no payment is necessary. It's also confirmed that no specific return or document needs to be filed if no cash payment is due.

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615 Points Posted on 22 February 2021
You select 35% option. Portal will automatically calculate the amount. If it is zero, you don't have to pay.
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On 22 February 2021 at 15:47
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3 Points Posted on 22 February 2021
So, do i need to file any return or any document?
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On 22 February 2021 at 19:23

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