QRMP Scheme: Smart GST Filing for Small Businesses
Are you tired of the stress of monthly GST filings?
For lakhs of small businesses across India, the QRMP Scheme (Quarterly Return Monthly Payment) the QRMP scheme allows eligible taxpayers to file GSTR-1 and GSTR-3B quarterly, while paying tax monthly.
If your annual turnover is up to ₹5 crore, this scheme could change the way you work (and breathe).
Let's simplify it for you - because that's what we do at TAX360.
What is the QRMP Scheme?
QRMP = Quarterly Return, Monthly Payment
Here’s how it works:
- File GSTR-1 and GSTR-3B just once a quarter
- Pay tax monthly via Form PMT-06
That's reducing your annual return filings from 24 to just 8 - without skipping tax obligations.
Who Can Opt for QRMP?
| Criteria | Requirement |
|---|---|
| Aggregate turnover (PAN-based) in preceding FY | Up to ₹5 Crore |
| Registered under | Regular taxable person (not composition scheme) |
| Filing type | GSTR-1 and GSTR-3B |
Once opted, QRMP is applied GSTIN-wise, not PAN-wise. So, you can use it for some branches and not others.
Key Due Dates Under QRMP
| Return Type | Frequency | Due Date |
|---|---|---|
| GSTR-1 | Quarterly | 13th of the month after the quarter |
| GSTR-3B | Quarterly | 22nd or 24th (state-wise) |
| PMT-06 (Tax) | Monthly | 25th of next month |
How Do You Pay Tax Monthly?
You’ve got two smart options:
1. Fixed Sum Method (FSM)
- Pay 35% of last quarter’s tax (if filed quarterly)
- Or 100% of last month’s tax (if filed monthly)
2. Self-Assessment Method (SAM)
- Calculate and pay based on actual outward supply & ITC for the month
You can pay your tax liability using Form PMT-06
Additional tips: FSM is more beneficial in interest than SAM.
Want Buyers to Claim ITC Monthly? Use IFF.
The Invoice Furnishing Facility (IFF) lets you upload B2B invoices monthly (₹50 lakh/month limit for the first 2 months of the quarter).
Why it matters:
Your buyers get timely ITC — even though you’re filing quarterly.
| Month | IFF Due Date |
|---|---|
| Jan | 13th February |
| Feb | 13th March |
| March | Goes via GSTR-1 |
QRMP in Action: Meet ABC Traders
Turnover: ₹3.5 crore
Quarter: Jan–Mar 2025
- January → Paid via PMT-06
- February → Paid via PMT-06
- March → Filed GSTR-1 and GSTR-3B
- Used IFF in Jan & Feb so buyers got ITC without delays
Result: Zero penalties. Full compliance. Happy buyers.
Why Small Businesses Love QRMP
- Lower compliance workload
- Flexible tax payment options
- Option to upload B2B invoices monthly
- Fewer late fees & interest
- Perfect for seasonal or low-volume traders
Before You Opt-In, Remember:
- GSTR-3B must still be filed quarterly- no exemption
- Late filings = penalties
- IFF is optional but highly recommended
- If turnover crosses ₹5 crore, QRMP is no longer applicable
TAX360 Makes QRMP Effortless
At TAX360, we automate your GST life:
- Auto-check QRMP eligibility
- Send smart reminders for PMT-06, IFF, and GSTRs
- Track tax payment via FSM or SAM
- Upload invoices in seconds
- Prevent penalties with real-time alerts
GST doesn’t have to be stressful anymore.
Start today: tax360.asncuniverse.com
Book a free demo and let our experts handle your QRMP filings!