Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme under GST
Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Schem…
7 months ago
cleartax.in
Confused about when you can opt in or opt out of the QRMP Scheme under GST? 🤔 Here’s a simple breakdown of quarter-wise timelines to help you stay compliant and plan your returns better! 📅 Whether it’s Q1, Q2, Q3, or Q4 — know your exact window to switch your QRMP preference and avoid last-minute rushes. 💡 Stay informed. Stay compliant. #QRMP #GSTUpdate #GSTIndia #TaxUpdate #GSTR3B #GSTReturn #QuarterlyReturn #TaxFiling #GSTCompliance #GSTR1 #FinanceTips #GSTPortal #TaxTime #BusinessOwners #S
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CA Harshit Goyal on Instagram: "QRMP Scheme Alert ⚠️ | Important GST Compliance Update The QRMP Scheme allows quarterly filing of returns, but GST tax payment is still required on a monthly basis. 📌 As per Section 39 of the CGST Act, delay in monthly tax payment under QRMP attracts interest liability under Section 50. If you are paying the entire GST liability at the end of the quarter, an interest demand notice from the GST department is highly likely. 💡 Correct the practice now to avoid inte
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