Quarterly Return Monthly Payment or QRMP scheme under GST has been introduced to simplify compliance for taxpayers having turnover upto Rs. 5 crores. To know everything about the scheme, you can refer to our blog – QRMP Scheme under GST. Recently, the government made a few changes related to QRMP Scheme for the taxpayers. Let us discuss the QRMP Scheme updates below.

1) Auto population of GSTR-3B liability from IFF and Form GSTR 1:

Liability declared through optional Invoice Furnishing Facility – IFF for Month 1 and Month 2 of a quarter & GSTR-1 for Month 3 of that quarter via the GST QRMP scheme will be auto-populated in GSTR-3B (Quarterly) for that quarter.

Another important point to note is that these fields can be edited if required by the taxpayer. The revised fields would be marked in red color and a warning message will be displayed for the taxpayer. However, the system would allow taxpayers to file GSTR-3B with edited values.

2) Nil filing of GSTR-1 (Quarterly) through SMS:

A new facility has been started as a part of an important change related to QRMP Scheme updates. The NIL GSTR 1 via SMS (quarterly) facility has been enabled by the government for ease of filing for small taxpayers. The taxpayer needs to send an SMS to 14409 to receive a verification code.

The format of the message is < NIL > space < Return Type (R1) > space< GSTIN > space < Return Period (mmyyyy) >

Example: NIL R1 07XXXXX1234H8Z6 062020 (where return period must be last month of the quarter)

However, NIL filing via SMS can’t be done in the following situations:

• If IFF for Month 1 or 2 of a quarter is not filed and is in the ‘submitted stage’
• If invoices are Saved in IFF for Month 1 or 2 of a quarter, which was not submitted or filed by the due date.

3) Impact of cancellation of registration on liability to file GSTR-1:

If the registration of a taxpayer under QRMP Scheme is cancelled for any reason, the taxpayer will have to file GSTR-1 for the complete quarter if the cancellation is any date after 1st day of Month 1 of a quarter.

For example, if the taxpayer’s registration is cancelled w.e.f. 1st of April, the taxpayer is not required to file GSTR-1 for the Apr-June quarter. And, GSTR-1 for Jan-Mar Quarter shall become the last applicable return. However, if the registration is cancelled on a later date during the quarter, the taxpayer would be required to file GSTR-1 for the Apr-June quarter. In such cases, the filing will become open on the 1st of the month following the month with cancellation date i.e. if the cancellation has taken place on 20th May, GSTR-1 for Quarter Apr-June can be filed anytime on or after 1st of June.

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IRIS Sapphire – GST Reconciliation has been built considering the requirements of various industries such as manufacturing, pharmaceuticals, automobiles etc. and has market-tested logics to reconcile the buyer-supplier data across various parameters to reduce manual intervention.