A registered person who is required to furnish a return in GSTR-3B, and who has an aggregate turnover of up to Rs.5 crore in the preceding financial year, is eligible for the QRMP Scheme. Further, in case the aggregate turnover exceeds Rs.5 crore during any quarter in the current financial year, the registered person shall not be eligible for the scheme from the next quarter.
It is clarified that the aggregate annual turnover for the preceding financial year shall be calculated in the common portal taking into account the details furnished in the returns by the taxpayer for the tax periods in the preceding financial year.
The quarterly GSTR-3B filing option was made available from 1st January 2021 onwards. It is clarified that this scheme is optional and can be availed based on GSTIN.
A registered person who intends to file his GSTR-3B quarterly should indicate the same on the GST portal, from the 1st of the second month of the preceding quarter until the last day of the first month of the quarter for which such option is being exercised.
For example: If A wishes to file quarterly returns for the quarter of Apr-Jun 2021, he should have opted for quarterly filing on the common GST portal between 1st February 2021 and 30th April 2021.
Once the registered person has opted for quarterly filing, he will have to continue to furnish his return every quarter for all future tax periods, except in the following situations:
For example, if the person is opting for quarterly GSTR-3B filing on 1st December 2020, he will need to furnish his GSTR-3B return for October 2020, which would have been the last return due on the date of exercising the quarterly filing option.
The taxpayer has to follow the above procedure to opt for the quarterly GSTR-3B. However, in case of registered persons falling in the categories specified in the table below, who have furnished their GSTR-3B return for October 2020 by 30th November 2020, it shall be deemed that they have opted for monthly or quarterly filing as detailed below-
| S No. | Class of Registered Persons | Deemed Option |
| 1 | Registered individuals with an aggregate turnover of up to Rs.1.5 crore, who have furnished Form GSTR-1 quarterly in the current financial year | Quarterly GSTR-3B |
| 2 | Registered persons with an aggregate turnover of up to Rs.1.5 crore, who have furnished Form GSTR-1 monthly in the current financial year | Monthly GSTR-3B |
| 3 | Registered persons having an aggregate turnover exceeding Rs.1.5 crore and up to Rs.5 crore in the preceding financial year | Quarterly GSTR-3B |
The taxpayers referred to in the Sl. No. 2 in the above table could have changed the default option and opt for quarterly GSTR-3B filing between 5th December 2020 and 31st January 2021.
The taxpayers who opted for the QRMP scheme can use the Invoice Furnishing Facilities (IFF) which allows quarterly GSTR-1 filers to upload their invoices every month. One should keep the following points in mind before utilizing the IFF:
The taxpayer has to deposit tax using form PMT-06 by the 25th of the following month, for the first and second months of the quarter. The taxpayers can pay their monthly tax liability either in the Fixed Sum Method (FSM), also popular as 35% challan method, or use the Assessment Method (SAM).
Fixed Sum Method (FSM) or 35% challan method:
The taxpayer must pay an amount of tax mentioned in a pre-filled challan in the form GST PMT-06 for an amount equal to 35% of the tax paid in cash.
| S No | Type of Taxpayer | Tax to be paid |
| 1 | Who furnished GSTR-3B quarterly for the last quarter | 35% of tax paid in cash in the preceding quarter |
| 2 | Who furnished GSTR-3B monthly during the last quarter | 100% of tax paid in cash in the last month of the immediately preceding quarter |
Example for understanding FSM:
Scenario 1: If GSTR-3B for January 2021 to March 2021 was filed on a quarterly basis
| Tax paid in cash during Jan’21 – Mar’21 quarter | Tax required to be paid in each of Apr’21 and May’21 | |||
|---|---|---|---|---|
| CGST | 10,000 | CGST | 3,500 | |
| SGST | 10,000 | SGST | 3,500 | |
| IGST | 20,000 | IGST | 7,000 | |
| Cess | 3,000 | Cess | 1,050 | |
Scenario 2: If GSTR-3 was filed on a monthly basis during the quarter of January 2021 to March 2021
| Tax paid in cash during Mar’21 | Tax required to be paid in each of Apr’21 and May’21 | |||
|---|---|---|---|---|
| CGST | 3,000 | CGST | 3,000 | |
| SGST | 3,000 | SGST | 3,000 | |
| IGST | 5,000 | IGST | 5,000 | |
| Cess | 1,000 | Cess | 1,000 | |
Self Assessment Method (SAM):
This is the existing method where a taxpayer can pay the tax liability by considering the tax liability on inward and outward supplies and the input tax credit available. The taxpayer has to manually arrive at the tax liability for the month and has to pay the same in form PMT-06. For ascertaining the amount of ITC available for the month the taxpayer can use form GSTR 2B
There are certain instances where no amount may be required to be deposited, such as–
It is to be noted that a registered person will not be eligible for the said procedures unless he has furnished the return for the complete tax period preceding such month. A complete tax period is a tax period where the said person is registered from the first until the last day of the tax period.
The due dates filing quarterly GSTR-3B has been notified as follows:
| S No | GST Registration in States and Union Territories | Due Date |
| 1 | Chhattisgarh, Madhya Pradesh, Gujarat, Dadra and Nagar Haveli, Daman and Diu, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh | 22nd of the month succeeding such quarter |
| 2 | Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Mizoram, Manipur, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha | 24th of the month succeeding such quarter |
There is no procedural difference in the way Input Tax Credit (ITC) is claimed by a registered person opting into the QRMP scheme. The QRMP taxpayers who are using the self-assessment method of calculating the tax payments for the first two months of the quarter can consider the ITC available as per their GSTR-2B for the month. Accordingly, they can pay the balance as cash towards the GST liability.
However, the GSTR-2B for the quarter gets generated on 14th of the month following the quarter upon the filing of quarterly GSTR-1. Hence, the buyers who deal with the vendors under the QRMP scheme will need to refer to quarterly GSTR-2B for ITC claims.
The interest will be applicable as follows if the taxpayer opts for one of the following methods:
Fixed Sum Method (FSM) or popularly known as the 35% challan method:
| S No | Scenario | Interest to be paid |
| 1 | Tax liability mentioned in pre-filled form GST PMT-06 is paid by 25th of the following month | Nil |
| 2 | Tax liability mentioned in pre-filled form GST PMT-06 is not paid by 25th of the following month | 18% of the tax liability(from 26th of the following month till the date of payment) |
| 3 | The final tax liability for the first two months is less than or equal to the amount paid through pre-filled form GST PMT-06 | Nil |
| 4 | The final tax liability for the first two months is higher than the tax amount paid through pre-filled form GST PMT-06, and such excess liability has been paid within quarterly GSTR-3B due date | Nil |
| 5 | The final tax liability for the first two months is higher than the tax amount paid through pre-filled form GST PMT-06, and such excess liability has not been paid within quarterly GSTR-3B due date | 18% of the tax liability(from GSTR-3B due date* till the date of payment) |
*22nd or 24th of the month succeeding such quarters based on the state of the taxpayer.
The interest will be applicable as follows if the taxpayer opts for Self Assessment Method (SAM):
The taxpayer has to pay interest at 18% on the net tax liability which remains unpaid or paid beyond the due date for the first two months of the quarter.
It is important to note that the taxpayer has to pay interest at18% if there is any late payment of tax in the third month of a quarter. This is applicable irrespective of Fixed Sum Method (FSM), popular as 35% challan method, or Self Assessment Method (SAM).
The late fee should be paid as follows if the quarterly GSTR-3B is not filed within due date, subject to a maximum late fees of Rs 5,000:
| Name of the Act | Late fee for everyday of delay | Late fee for everyday of delay(in case of ‘Nil’tax liability) |
| CGST Act | Rs.25 | Rs.10 |
| SGST Act | Rs.25 | Rs.10 |
| IGST Act | Rs.50 | Rs.20 |
However, it is clarified that no late fee is applicable for delay in payment of tax in the first two months of the quarter in form PMT-06.