Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme under GST
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GST taxpayers alert! Last date of filing GSTR under QRMP scheme tomorrow - See all you need to know
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CA Harshit Goyal on Instagram: "QRMP Scheme Alert ⚠️ | Important GST Compliance Update The QRMP Scheme allows quarterly filing of returns, but GST tax payment is still required on a monthly basis. 📌 As per Section 39 of the CGST Act, delay in monthly tax payment under QRMP attracts interest liability under Section 50. If you are paying the entire GST liability at the end of the quarter, an interest demand notice from the GST department is highly likely. 💡 Correct the practice now
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