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Understanding the QRMP Scheme for Small Taxpayers

The Quarterly Return Filing and Monthly Payment (QRMP) scheme is a GST compliance initiative specifically designed to ease the burden for small taxpayers in India. This scheme is targeted at businesses with an aggregate annual turnover of up to 5 crores in the preceding financial year. Its main objective is to simplify GST return filing and payment processes, making compliance more manageable for micro, small, and medium enterprises (MSMEs).

Understanding the QRMP Scheme for Small Taxpayers,  Get Practical GST Course in Delhi, 110008, by SLA Consultants India, New Delhi

Key Features of the QRMP Scheme

• Eligibility: Taxpayers with a turnover up to 5 crores can opt for the QRMP scheme. If the turnover exceeds this limit during a quarter, the taxpayer becomes ineligible for the scheme from the next quarter onwards.

• Return Filing: Under QRMP, eligible taxpayers file their GSTR-1 and GSTR-3B returns quarterly instead of monthly, reducing the frequency of return submissions.

• Tax Payment: Despite quarterly return filing, tax payments must be made monthly. Taxpayers pay their GST dues using Form PMT-06 by the 25th of each month following the tax period.

• Payment Calculation: The amount to be paid monthly can be either:

  • 35% of the tax paid in the previous quarter (if quarterly GSTR-3B filing was done), or

  • The actual tax liability for the month, if preferred.

• Flexibility: Taxpayers can opt in or out of the scheme as per their needs, but must ensure all previous returns are filed before switching.

• Compliance Relief: By reducing the number of returns from 12 to 4 annually, the QRMP scheme significantly lessens the compliance workload for small businesses.

Benefits for Small Taxpayers

• Reduced Compliance Burden: Filing returns quarterly instead of monthly means less paperwork and administrative effort.

• Improved Cash Flow: Monthly payments allow for better cash management, as taxes are paid in smaller, more manageable installments.

• Flexibility: Businesses can choose the payment method that best suits their cash flow and operational needs.

Practical GST Course in Delhi (110008) by SLA Consultants India

For those seeking practical GST Training Course in Delhi, SLA Consultants India offers a comprehensive GST Practitioner Certification Course, ideally suited for professionals and students aiming to build expertise in GST compliance, including the QRMP scheme.

Course Highlights

• Certification: Industry-oriented certification in Direct & Indirect Tax, including GST, to enhance career prospects in both MNCs and non-MNCs.

• Experienced Faculty: Training is delivered by 4-5 Chartered Accountants (CAs) or FCA professionals with over 10 years of industry experience.

• Practical Exposure: The course emphasizes hands-on learning through real-time e-filing, practical assignments, live projects, and case studies.

• Flexible Delivery: Options include instructor-led classroom sessions, web/desktop-based modules, and weekend batches for working professionals

• Placement Assistance: SLA Consultants provides placement support after 70% of the training is completed, arranging interviews until placement is achieved

• Additional Support: The institute offers lab facilities, workshop sessions, and dedicated admin support for scheduling and doubt resolution

Course Duration and Structure

• Duration: Typically ranges from 50–90 hours, depending on the module and delivery method

• Modules: Covers both GST and Income Tax, with special focus on practical aspects like GST return filing, e-filing, and compliance under schemes such as QRMP

Understanding the QRMP Scheme for Small Taxpayers,  Get Practical GST Course in Delhi, 110008, by SLA Consultants India, New Delhi

Conclusion

The QRMP scheme is a vital compliance relief for small taxpayers, offering reduced filing frequency and flexible tax payments. For practical mastery of GST, including QRMP operations, SLA Consultants India in Delhi (110008) provides industry-relevant training, hands-on exposure, and placement support, making it an excellent choice for aspiring GST professionals.

SLA Consultants Understanding the QRMP Scheme for Small Taxpayers,  Get Practical GST Course in Delhi, 110008, by SLA Consultants India, New Delhi Details with "New Year Offer 2025" with Free SAP FICO Certification are available at the link below:

https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx

https://slaconsultantsdelhi.in/gst-course-training-institute/

GST Training Courses

Module 1 - GST- Goods and Services Tax- By Chartered Accountant- (Indirect Tax)

Module 2 - Income Tax/TDS - By Chartered Accountant (Direct Tax)

Module 3 - Finalization of Balance sheet/ preparation of Financial Statement- By Chartered Accountant

Module 4 - Banking and Finance Instruments - By Chartered Accountant

Module 5 - Customs / Import and Export Procedures - By Chartered Accountant

Contact Us:

SLA Consultants India

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Laxmi Nagar, New Delhi - 110092

Call +91- 8700575874

E-Mail: hr@slaconsultantsindia.com

Website: https://www.slaconsultantsindia.com/