The Quarterly Return Monthly Payment (QRMP) scheme, introduced from January 1, 2021, allows GST taxpayers with aggregate turnover up to Rs.5 crore in the preceding financial year to file GSTR-1 and GSTR-3B on a quarterly basis while paying tax on a monthly basis. This reduces compliance burden for small taxpayers.
Eligibility for QRMP Scheme
- Aggregate turnover up to Rs.5 crore in the preceding financial year
- All GSTINs linked to the same PAN must have collective turnover below Rs.5 crore
- Taxpayer must be filing GSTR-3B on monthly basis (not composition or QRMP-excluded categories)
- New registrants with expected turnover below Rs.5 crore can opt in from first GSTIN registration
How to Opt-In/Opt-Out of QRMP
| Period | Opt-In/Opt-Out Window |
|---|---|
| Q1 (Apr-Jun) | February 1 to April 30 |
| Q2 (Jul-Sep) | May 1 to July 31 |
| Q3 (Oct-Dec) | August 1 to October 31 |
| Q4 (Jan-Mar) | November 1 to January 31 |
Opting in or out is done through the GST portal under "Opt-In for Quarterly Filing" in the Returns section.
Filing Calendar Under QRMP
| Return/Payment | Frequency | Due Date |
|---|---|---|
| IFF (Invoice Furnishing Facility) | Optional monthly (M1 and M2 of quarter) | 13th of following month |
| PMT-06 (Tax Payment) | Monthly (M1 and M2 of quarter) | 25th of following month |
| GSTR-1 (Quarterly) | Quarterly (end of quarter M3) | 13th of month after quarter end |
| GSTR-3B (Quarterly) | Quarterly | 22nd/24th of month after quarter end |
Invoice Furnishing Facility (IFF)
IFF is an optional facility for QRMP taxpayers to upload B2B invoices for months 1 and 2 of a quarter (without filing a full GSTR-1). Benefits of IFF:
- Buyers can see invoices in their GSTR-2B on monthly basis (not wait till quarterly GSTR-1)
- Helps buyers claim ITC monthly
- Only B2B invoices (registered recipient) and debit/credit notes can be uploaded
- Maximum invoices per IFF: 500 documents
- B2C invoices and exports cannot be uploaded in IFF — they go in quarterly GSTR-1
Monthly Tax Payment: PMT-06
QRMP taxpayers must pay tax for months 1 and 2 of each quarter by 25th of the following month using PMT-06 challan. Two methods of computing monthly payment:
Method 1: Fixed Sum Method
- 35% of net cash tax liability paid in last quarter (if quarterly filer in last quarter)
- 100% of net cash tax liability for last month if was monthly filer previously
Method 2: Self-Assessment Method
- Compute actual tax liability for the month
- Deduct ITC available
- Pay balance cash amount
The remaining tax (after monthly deposits) is settled in the quarterly GSTR-3B filing.
QRMP vs Monthly Filing: Comparison
| Aspect | QRMP | Monthly Filing |
|---|---|---|
| GSTR-1 filing | Once per quarter | Monthly (by 11th) |
| GSTR-3B filing | Once per quarter | Monthly (by 20th) |
| Tax payment | Monthly via PMT-06 | Monthly with GSTR-3B |
| B2B invoice visibility | Monthly via IFF (optional) | Monthly via GSTR-1 |
| Compliance burden | Lower (8 filings vs 24) | Higher (24 filings per year) |