Quick Summary
Taxpayers having a turnover of up to 5 Cr. have the option to file their GSTR-1 and GSTR-3B returns quarterly under the Quarterly Return Monthly Payment(QRMP) Scheme. Read the official circular below: Quarterly Return Monthly Payment (QRMP) scheme launched. Now taxpayers up to Rs. 5 Cr turnover have the option to file their GSTR-1 and GSTR-3B returns quarterly.
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FAQ :
The QRMP scheme stands for Quarterly Return Monthly Payment scheme, allowing eligible taxpayers to file their GSTR-1 and GSTR-3B returns quarterly.
Taxpayers with an annual turnover of up to Rs 5 crore are eligible to opt for the QRMP scheme.
Under the QRMP scheme, taxpayers can file their GSTR-1 and GSTR-3B returns quarterly.
The turnover limit for opting into the QRMP scheme is up to Rs 5 crore.
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