Introduction
The QRMP Scheme (Quarterly Return Monthly Payment) was introduced under GST to ease the compliance burden of small and medium businesses. Under this scheme, eligible taxpayers can file GST returns quarterly while paying taxes monthly using PMT-06, and optionally report invoices through IFF.
This Saving Mantra guide explains what the QRMP scheme is, how PMT-06 and IFF function, who can opt for it, due dates, benefits, and key compliance points.
What Is the QRMP Scheme?
The QRMP Scheme allows eligible GST-registered taxpayers to:
- File GSTR-1 and GSTR-3B quarterly
- Pay GST tax monthly
- Reduce return filing frequency without delaying tax payments
The scheme is designed to simplify GST compliance while ensuring steady tax collection for the government.
Eligibility for QRMP Scheme
You can opt for the QRMP scheme if:
- Aggregate annual turnover is up to ₹5 crore
- You are a regular GST taxpayer
- Previous GSTR-3B has been filed
Who Cannot Opt for QRMP Scheme?
- Composition scheme taxpayers
- Non-resident taxable persons
- Casual taxable persons
- Input Service Distributors (ISD)
What Is PMT-06?
PMT-06 is a monthly challan-cum-statement used to pay GST tax under the QRMP scheme for the first two months of a quarter.
Purpose of PMT-06
- Deposit monthly GST liability
- Avoid interest and late fees
- Ensure timely tax payment
PMT-06 Due Date
- 25th of the following month
- Example: April tax → Pay by 25th May
Methods of Tax Payment Under PMT-06
1. Fixed Sum Method
- Auto-generated challan based on last GSTR-3B
- Suitable for businesses with stable turnover
2. Self-Assessment Method
- Taxpayer calculates actual liability
- Ideal for fluctuating sales businesses
What Is IFF (Invoice Furnishing Facility)?
IFF allows QRMP taxpayers to upload B2B invoices monthly, even though GSTR-1 is filed quarterly.
Key Features of IFF
- Optional facility
- Helps buyers claim Input Tax Credit (ITC) on time
- Available for the first two months of the quarter
IFF Due Date
- 13th of the following month
How QRMP, PMT-06 & IFF Work Together
| Component | Purpose | Frequency |
|---|---|---|
| QRMP Scheme | Quarterly GST returns | Quarterly |
| PMT-06 | Monthly tax payment | Monthly |
| IFF | Monthly B2B invoice upload | Optional |
Step-by-Step Working of QRMP Scheme
Step 1: Opt for QRMP Scheme
Login to GST portal → Services → Returns → Opt-in for QRMP.
Step 2: Pay Monthly Tax via PMT-06
Pay tax for Month 1 and Month 2 of the quarter by the 25th.
Step 3: Upload Invoices via IFF (Optional)
Upload B2B invoices by the 13th to pass ITC to customers.
Step 4: File Quarterly Returns
- File GSTR-1 quarterly
- File GSTR-3B quarterly
Benefits of the QRMP Scheme
- Reduced compliance burden
- Fewer return filings
- Better cash flow planning
- Timely ITC for customers
- Suitable for small businesses
Common Mistakes to Avoid
- Missing PMT-06 payment deadlines
- Assuming IFF is mandatory
- Not filing quarterly GSTR-3B on time
- Incorrect tax calculation
- Ignoring GST notices under QRMP
Why Choose Saving Mantra for QRMP Compliance?
- Expert GST compliance professionals
- PMT-06 calculation & filing support
- IFF invoice management
- Quarterly return accuracy
- GST notice handling & advisory
Frequently Asked Questions (FAQs)
Is QRMP Scheme compulsory?
No, it is optional for eligible taxpayers.
Is PMT-06 mandatory?
Yes, monthly tax payment through PMT-06 is compulsory under QRMP.
Is IFF mandatory?
No, IFF is optional and mainly used to enable timely ITC for buyers.
Can I opt out of QRMP Scheme?
Yes, eligible taxpayers can switch back to monthly filing as per GST rules.
Conclusion
The QRMP Scheme is a taxpayer-friendly GST initiative that balances compliance ease with timely tax payments. Understanding PMT-06 and IFF is essential to avoid interest, penalties, and ITC issues.
With proper planning and professional support, QRMP can significantly simplify GST compliance for small businesses.
Disclaimer
This article is for informational purposes only and does not constitute legal or tax advice. GST laws and procedures are subject to change. Readers are advised to consult qualified GST professionals or contact Saving Mantra before taking any compliance-related decisions.