The Central Board of Indirect Taxes and Customs has announced a new facility for taxpayers under the QRMP scheme. From 1st January 2021, businesses opting for quarterly tax payments can now declare their invoices on a monthly basis. This allows for invoice uploads from the first day of the month up to the thirteenth day of the following month.
The Central Board of Indirect Taxes and Customs, via their official Twitter handle, have announced that the facility to declare invoices on a monthly basis, for quarterly taxpayers has been made available from 1st January 2021. Read the official Tweet below:
Facility to declare invoices on monthl
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FAQ :
Taxpayers under the QRMP scheme can now declare their invoices on a monthly basis.
The facility has been available since 1st January 2021.
Taxpayers who are registered under the QRMP (Quarterly Return Monthly Payment) scheme are eligible.
Invoices can be uploaded for the period starting from the 1st day of the month until the 13th day of the next month.
The Central Board of Indirect Taxes and Customs announced this via their official Twitter handle.