Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110038, by SLA Consultants India, New Delhi,

Understanding the QRMP Scheme for Small Taxpayers

What is the QRMP Scheme?

The Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme is a GST compliance initiative designed for small taxpayers with an annual aggregate turnover of up to 5 crores in the preceding financial year. Introduced in January 2021, the QRMP scheme allows eligible taxpayers to file their GSTR-1 and GSTR-3B returns quarterly, instead of monthly, while continuing to pay their tax dues every month. This approach significantly reduces the compliance burden by cutting down the number of returns filed annually from 24 to just .

Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110038, by SLA Consultants India, New Delhi,

Key Features of the QRMP Scheme

• Eligibility: Businesses with an annual turnover up to 5 crores and who have filed their last due GSTR-3B are eligible. If turnover exceeds 5 crores, the scheme cannot be availed for the next quarter.

• Return Filing: GSTR-1 and GSTR-3B are filed every quarter, but tax payments are made monthly using Form GST PMT-06.

• Tax Payment Methods:

  • Fixed Sum Method (FSM): Pay 35% of the tax paid in cash in the previous quarter (if previously filing quarterly) or 100% of the last month's tax (if previously filing monthly).

  • Self-Assessment Method (SAM): Pay actual tax due based on inward and outward supplies for the month.

• Invoice Furnishing Facility (IFF): Allows taxpayers to upload B2B invoices monthly for the first two months of a quarter, ensuring timely input tax credit (ITC) for recipient.

• Opting In/Out: Taxpayers can opt in or out of the scheme on the GST portal at the beginning of each quarte.

• Late Fees: Late fee is applicable only for delayed quarterly return filing, not for monthly PMT-06 payments.

Benefits for Small Taxpayers

• Reduced Compliance: Fewer returns to file annually, saving time and effort.

• Improved Cash Flow: Monthly payments allow for better financial planning and cash management.

• Flexibility: Option to choose between fixed or self-assessment tax payment methods.

• Timely ITC: IFF ensures buyers can claim ITC without waiting for the quarter to end.

Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110038, by SLA Consultants India, New Delhi,

Get Practical GST Course in Delhi, 110038 by SLA Consultants India

About SLA Consultants India

SLA Consultants India is a reputed training and development company with over 10 years of experience in providing practical training in accounts, finance, taxation, and banking. Their GST Course in Delhi are designed to offer real-time exposure and hands-on experience, making them ideal for professionals and fresh graduates seeking practical skills in GST compliance and accounting.

Key Highlights of the GST Course

• Comprehensive Curriculum: Covers all major GST topics including registration, returns (GSTR-1, GSTR-3B), input tax credit, e-filing, refunds, e-invoicing, and compliance with schemes like QRMP.

• Practical Training: Emphasis on real-time assignments, live projects, and case studies to ensure practical understanding.

• Expert Trainers: Sessions are led by experienced Chartered Accountants and industry professionals with over 10 years of expertise.

• Flexible Delivery: Courses are available in classroom and online formats, with instructor-led sessions, presentations, and demonstrations.

• Placement Assistance: 100% placement support is provided upon successful course completion, with a dedicated team arranging interviews until placement.

• Course Duration: Typically ranges from 50–60 hours for GST-specific modules, or up to 165 hours for broader accounts and taxation programs.

• Eligibility: Suitable for graduates, postgraduates, MBA/CA/CS/CWA aspirants, and working professionals in finance and accounts

Conclusion

The QRMP scheme is a significant relief for small taxpayers under GST, simplifying compliance and improving cash flow management. For those seeking practical expertise in GST, SLA Consultants India in Delhi offers industry-relevant, hands-on training with expert faculty and robust placement support—making it a strong choice for aspiring GST professionals in the region.

SLA Consultants Understanding the QRMP Scheme for Small Taxpayers, Get Practical GST Course in Delhi, 110038, by SLA Consultants India, New Delhi, details with New Year Offer 2025 are available at the link below:

E-Accounts, E-Taxation and (Goods and Services Tax) GST Training Courses