If you are a small business owner or freelancer tired of filing monthly GST returns, the QRMP scheme could be your best solution.
In this post, let’s understand what the QRMP scheme is, who can opt for it, how to file returns, and what benefits it offers.
What is the QRMP Scheme?
The QRMP (Quarterly Return Monthly Payment) scheme was introduced by the Government of India in January 2021 to simplify GST compliance for small taxpayers.
Who Can Opt for the QRMP Scheme?
You are eligible for the QRMP scheme if:
✅ Your aggregate turnover in the previous financial year was up to ₹5 crore.
✅ You are registered as a normal taxpayer (not under composition scheme).
✅ You have filed your previous GST returns (no pending GSTR-3B).
How to Opt for the QRMP Scheme (Step-by-Step)
You can easily choose the QRMP scheme on the GST portal:
- Log in to gst.gov.in
- Go to Services → Returns → Opt-in for Quarterly Return
- Select the applicable financial year and quarter
- Confirm your selection and submit
💡 Once selected, you’ll continue under QRMP until you choose to opt out.
How to File Returns under QRMP
Even though you file GSTR-1 and GSTR-3B quarterly, you still need to pay tax every month.
1. GSTR-1
Filed quarterly — contains details of outward supplies (sales).
2. GSTR-3B
Filed quarterly — summarizes sales, purchases, tax liability, and ITC.
How to Pay Monthly Tax (PMT-06)
here are two methods to pay your monthly tax under QRMP:
- Fixed Sum Method
- Pay 35% of the tax paid in the previous quarter (for regular taxpayers).
- Suitable for stable turnover businesses.
- Self-Assessment Method
- Calculate your actual tax liability for the month and pay accordingly.
- Suitable for businesses with variable monthly turnover.
Benefits of the QRMP Scheme
Less Compliance – Instead of 12 GSTR-3B and 12 GSTR-1 in a year, you file only 8 returns (4 each).
✅ Simple Monthly Payment – Just pay a fixed sum every month.
✅ Reduced Workload for Small Businesses – Focus on business instead of paperwork.
✅ Cash Flow Flexibility – Monthly payment avoids large quarterly outflow.
Common Mistakes to Avoid
⚠️ Missing the PMT-06 payment every month — this can attract late fees or interest.
⚠️ Forgetting to file quarterly returns — even NIL returns must be filed.
⚠️ Selecting QRMP but not updating your tax consultant — leads to mismatched filings.
Frequently Asked Questions (FAQ)
1️⃣ Can I opt out of QRMP anytime?
Yes, you can opt in or out at the beginning of any quarter.
2️⃣ Is QRMP available for all taxpayers?
Only for taxpayers with turnover up to ₹5 crore.
3️⃣ Do I need to file NIL returns if there are no sales?
Yes, NIL returns must be filed for compliance.
Example
Let’s say your GST turnover is ₹20 lakh/year.
You can choose the QRMP scheme → file returns once in April, July, October, and January → and pay tax each month through PMT-06.
That’s just 8 filings per year instead of 24 — saving you time and effort.
Conclusion
The QRMP scheme under GST is an excellent move by the government to reduce compliance burden for small taxpayers.
If your annual turnover is below ₹5 crore, you should definitely consider opting for this scheme.
Need Help with QRMP or GST Filing?
If you are a small business, freelancer, or trader looking for hassle-free GST filing or QRMP assistance, I can help you manage your accounts, file returns, and stay compliant.
📞 Contact me today @ 91-9972296410 or write to me at bharathdeshpande22@gmail.com to know how I can simplify your GST and accounting process for you.
