Introduction
The QRMP Scheme (Quarterly Return Monthly Payment) was introduced under GST to reduce compliance burden for small taxpayers. It allows eligible businesses to file GST returns quarterly while paying tax monthly using PMT-06 and optionally reporting invoices through IFF.
This Saving Mantra guide explains what the QRMP scheme is, how PMT-06 and IFF work, eligibility, due dates, benefits, and compliance best practices.
What Is the QRMP Scheme?
The QRMP Scheme allows eligible GST-registered taxpayers to:
- File GSTR-1 and GSTR-3B quarterly
- Pay tax monthly using PMT-06
- Upload B2B invoices monthly through IFF (optional)
This scheme is designed for small businesses to reduce return filing frequency while maintaining regular tax payments.
Who Is Eligible for the QRMP Scheme?
You can opt for the QRMP scheme if:
- Aggregate annual turnover is up to ₹5 crore
- You are a regular GST taxpayer
- GSTR-3B for the previous tax period has been filed
Who Is Not Eligible?
- Composition scheme taxpayers
- Non-resident taxable persons
- Input Service Distributors (ISD)
- Casual taxable persons
What Is PMT-06?
PMT-06 is a monthly challan-cum-statement used to pay GST tax under the QRMP scheme.
Purpose of PMT-06
- Deposit GST liability for the first two months of the quarter
- Avoid interest and late fees
- Maintain tax payment discipline
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 filed GSTR-3B
- Ideal for businesses with stable turnover
2. Self-Assessment Method
- Taxpayer calculates actual tax liability
- Suitable for variable turnover businesses
What Is IFF (Invoice Furnishing Facility)?
IFF allows QRMP taxpayers to upload B2B invoices monthly instead of waiting for quarterly GSTR-1.
Key Features of IFF
- Optional facility
- Helps recipients claim Input Tax Credit (ITC) on time
- Available for first two months of the quarter
IFF Due Date
- 13th of the following month
- Example: April invoices → Upload by 13th May
Relationship Between QRMP, PMT-06 & IFF
| Component | Purpose | Frequency |
|---|---|---|
| QRMP Scheme | Quarterly returns | Quarterly |
| PMT-06 | Monthly tax payment | Monthly |
| IFF | Monthly B2B invoice reporting | 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 using PMT-06 by the 25th.
Step 3: Upload B2B Invoices via IFF (Optional)
Upload invoices by the 13th of next month to enable ITC for buyers.
Step 4: File Quarterly Returns
- File GSTR-1 quarterly
- File GSTR-3B quarterly
Benefits of QRMP Scheme
- Reduced return filing frequency
- Better cash flow management
- Lower compliance burden
- Timely ITC for customers using IFF
- Ideal for small and medium businesses
Common Mistakes to Avoid
- Missing PMT-06 payment deadline
- Assuming IFF is mandatory
- Not filing quarterly GSTR-3B on time
- Incorrect tax calculation under self-assessment
- Ignoring GST notices under QRMP
Why Choose Saving Mantra for QRMP Compliance?
- Expert GST advisory & compliance support
- PMT-06 tax calculation & filing
- IFF invoice management
- Quarterly return filing accuracy
- Notice handling & reconciliation support
Frequently Asked Questions (FAQs)
Is QRMP scheme mandatory?
No, it is optional for eligible taxpayers.
Is PMT-06 compulsory under QRMP?
Yes, monthly tax payment using PMT-06 is mandatory.
Is IFF compulsory?
No, IFF is optional and used mainly to pass ITC to buyers.
Can I switch back to monthly filing?
Yes, eligible taxpayers can opt out as per GST rules.
Conclusion
The QRMP scheme simplifies GST compliance for small businesses by reducing return filing frequency while ensuring regular tax payments through PMT-06 and flexible invoice reporting through IFF. Proper understanding and timely compliance are essential to avoid interest, penalties, and ITC issues.
Professional support ensures smooth implementation and stress-free GST compliance.
Disclaimer
This article is for informational purposes only and does not constitute legal or tax advice. GST provisions and procedures are subject to change. Readers are advised to consult qualified GST professionals or contact Saving Mantra before taking any compliance-related decisions.