QRMP (Quarterly Return Monthly Payment) Schemewas introduced to reduce the burden of GST returns on taxpayers. It is an optional scheme for businesses having aggregate turnover up to INR 5 Cr to file GSTR-3B and GSTR-1 on a quarterly basis along with monthly payment of tax. The taxpayers who opt for the QRMP scheme can use the Invoice Furnishing Facility (IFF) which allows quarterly GSTR-1 filers to upload their invoices every month. The IFF can be utilized only for the first two months of a quarter. The invoices relating to the last month of a quarter are to be uploaded in the GSTR-1 return only. There is no requirement to upload invoices in GSTR-1 if the same has been uploaded in the IFF.

GSTR-1

It consists of details of outward supplies of goods and services. The due date for filing this is 13th of the subsequent month of quarter end.

GSTR-3B

It is a simple return in which the summary of outward supplies along with Input Tax Credit is declared and payment of tax is affected by the taxpayer. The due date for filing this is 22nd OR 24th*of the subsequent month of quarter end.