What is QRMP under GST?

Process for Quarterly Return filing and Monthly Payment of taxes in Marg Software

WHAT IS QRMP UNDER GST?

• QRMP as the name suggests means Quarterly Return Monthly payment scheme where a registered taxpayer has to file GSTR 1 as well as GSTR 3B on quarterly basis and to deposit tax monthly basis (PMT 06) along with option of furnishing of Invoices to Registered Taxpayer on Monthly basis (IFF) is available.

• This option has been made to help small taxpayers whose turnover is up to Rs.5 crores.

• The quarterly GSTR-3B filing option will be available from 1st January 2021 onwards. It is clarified that this scheme is optional and can be availed based on GSTIN.

PROCESS FOR QUARTERLY RETURN FILING AND MONTHLY PAYMENT OF TAXES IN MARG SOFTWARE

• Firstly, go to GST > GSTR3B. Press Enter.

• A GST Return-3B window will appear.

• In ‘Report Format’, option you will select ‘Govt Format GSTR-3B’.

• In ‘Report Type’ option select summary/detail as per the requirement.

• Now in ‘Return’ option, select ‘Quarterly’.

• Then simply click on ‘Okay’

• In select Quarter, select the quarter for which you need to generate the report.

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• Then click on view/print/excel as per the requirement

• Suppose, click on View.

Thereafter the required report for selected quarter will get generate and now you can easily upload the value or pay tax on the govt portal with the same process as before.