Focus Merit

Centre starts QRMP scheme for GST payers

GST collection
  • The Central Government has started the ‘Quarterly Return filing & Monthly Payment of Taxes (QRMP)’ scheme for small taxpayers under the GST system.
  • Taxpayers with an aggregate yearly turnover of up to Rs 5 crore in the preceding financial year and have filed their October GSTR-3B (sales) return by November 30, 2020, are eligible for this scheme.
  • The notifications for the same were issued by the Central Board of Indirect Taxes and Customs (CBIC).