The GST Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme came into effect from January 1, 2021, onwards.
The GST QRMP scheme is aimed to simplify compliance for small taxpayers with a turnover of less than Rs 5 crore.
It allows the taxpayers to file GSTR-3B & GSTR 1 on a quarterly basis and pay tax every month.
The last date to Opt-In or Opt-Out of the QRMP scheme for Q1 of FY 2021-22 i.e. April to June 2021, 30th April 2021.