Circular No.: ES/372/2020-21 12th November, 2020
To: Members of the Council
Sub: Provisions relating to Quarterly Return Monthly Payment Scheme (QRMPS)
CBIC has issued Circular No. 143/13/2020- GST dated 10th November, 2020 regarding provisions relating to Quarterly Return Monthly Payment Scheme (QRMPS).
As a trade facilitation measure and in order to further ease the process of doing business, the GST Council in its 42nd meeting held on 5th October, 2020, had recommended that registered person having aggregate turnover up to five crore rupees may be allowed to furnish return on quarterly basis along with monthly payment of tax, w.e.f 1st January, 2021.
Government has issued following notifications to implement the Scheme of quarterly return filing along with monthly payment of taxes (hereinafter referred to as “QRMP Scheme/ Scheme”):
Various issues related to notifications issued to implement the QRMP Scheme have been examined by CBIC. In order to explain the Scheme in simple terms and in order to ensure uniformity in implementation across field formations, CBIC has clarified various issues in Circular No. 143/13/2020- GST.
For more information, members may kindly refer to Circular No. 143/13/2020- GST .
Members may kindly make a note of the above.