{"id":337,"date":"2021-04-15T11:22:37","date_gmt":"2021-04-15T11:22:37","guid":{"rendered":"https:\/\/www.gstrobo.com\/kc\/manuals\/?p=337"},"modified":"2021-04-15T11:22:38","modified_gmt":"2021-04-15T11:22:38","slug":"how-to-pay-tax-under-qrmp-scheme","status":"publish","type":"post","link":"https:\/\/www.gstrobo.com\/kc\/manuals\/how-to-pay-tax-under-qrmp-scheme\/","title":{"rendered":"How to Pay Tax under QRMP Scheme?"},"content":{"rendered":"\n

On 1st January 2021, CBIC introduced QRMP Scheme for those taxpayers whose aggregate turnover was less than INR 5 Crores. As per the Quarterly Return Monthly Payment (QRMP) scheme, the eligible taxpayer can make tax payments on a monthly basis but can file GST returns monthly. Moreover, taxpayers who have opted for the QRMP scheme can also opt for IFF (Invoice Furnishing Facility)<\/a> under GST. To know more about IFF under GST you can read this blog.<\/p>\n\n\n\n

How to Pay Tax under QRMP Scheme?<\/h2>\n\n\n\n

Anyone who needs to make tax payments under the QRMP scheme can do it by furnishing challan GST PMT-06. To make payments under the QRMP scheme you need to follow the below-mentioned steps:<\/p>\n\n\n\n

Step 1:<\/strong> Open and sign in to the GST portal<\/a>.<\/p>\n\n\n\n

Step 2:<\/strong> Select the Payments option available under the Services menu.<\/p>\n\n\n\n

\"Select<\/figure>\n\n\n\n

Step 3:<\/strong> Then click on the Payments option and select the Create Challan option available thereunder.<\/p>\n\n\n\n

\"Then<\/figure>\n\n\n\n

Step 4:<\/strong> Afterwards you need to choose the Monthly payment for the quarterly return reason.<\/p>\n\n\n\n

\"Afterwards<\/figure>\n\n\n\n

Step 5:<\/strong> Then you need to select the financial year, period, and challan type as discussed<\/p>\n\n\n\n

  1. By choosing a 35% tax payment option, a taxpayer can generate a pre-populated Challan with 35% of the tax liability. This 35% liability will then be discharged from the e-cash ledger if he\/she was already in QRMP Scheme during the previous tax period. If he\/she was a monthly filer of GSTR-3B during the previous tax period 100% of the tax liability will be discharged from the e-cash ledger.<\/li>
  2. By choosing the self-assessment option a taxpayer can self-assess his current month\u2019s liability and generate a Challan for the same.<\/li><\/ol>\n\n\n\n
    \"By<\/figure>\n\n\n\n

    Step 6:<\/strong> Once you select the challan type, your challan will get auto-generated and the tax amount will get automatically calculated based on the previous months GSTR-3B.<\/p>\n\n\n\n

    Step 7:<\/strong> Then you just need to make the tax payment under the QRMP scheme. However, it shall be noted that in case if there is a sufficient balance in your e-cash or e-credit ledger, it will get deducted against the tax payment.<\/p>\n","protected":false},"excerpt":{"rendered":"

    On 1st January 2021, CBIC introduced QRMP Scheme for those taxpayers whose aggregate turnover was less than INR 5 Crores. As per the Quarterly Return Monthly Payment (QRMP) scheme, the eligible taxpayer can make tax payments on a monthly basis but can file GST returns monthly. Moreover, taxpayers who have opted for the QRMP scheme … <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[52,53],"class_list":["post-337","post","type-post","status-publish","format-standard","hentry","category-gst","tag-qrmp-scheme","tag-tax-payments-under-qrmp-scheme"],"_links":{"self":[{"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/posts\/337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/comments?post=337"}],"version-history":[{"count":1,"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/posts\/337\/revisions"}],"predecessor-version":[{"id":342,"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/posts\/337\/revisions\/342"}],"wp:attachment":[{"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/media?parent=337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/categories?post=337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstrobo.com\/kc\/manuals\/wp-json\/wp\/v2\/tags?post=337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}