India’s Finance Minister “Nirmala Sita Raman Ji” introduced a new scheme to reduce the late fees levied on all taxpayers under which the amnesty scheme was introduced to reduce the tax liabilities of all taxpayers so that the minimum for all taxpayers The amount can be levied under which all […]
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New Method Under QRMP Scheme From 1st-April-2021
Any business which had a turnover was fewer than 5 lakhs was sent to the column in the QRMP Scheme, whereby we used to furnish the invoices of all our B2B sales with the help of the invoice furnishing facility to all our B2B sales. But now the GST portal […]
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How To Furnish our B2B Invoices in Offline Method under IFF Facility?
IFF (Invoice Furnishing facility):- Under this method, we submit all our (B2B) invoices by the 13th of every month. This is optional for each taxpayer. Because when a taxpayer finishes his invoices with the help of (IFF), it is easy for his supplier to get an income tax credit. IFF […]
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GST – QRMP Scheme – Frequently Asked Questions (FAQs)Part 2
Can I avail the QRMP scheme at any point of time during a financial year? According to the Indian government, we cannot avail of quarterly Return monthly payments in any financial year. For this, the government has given a date for everyone, according to which we can take advantage of […]
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What is QRMP Scheme & What are the benefits?
QRMP Scheme The full name of this scheme is Quarterly Return Monthly Payment(QRMP), in which we have to make monthly payment of taxes and quarterly payment of returns. Under this scheme, any company has to follow very few compliances Due to which time is also reduced and all the small […]
Continue readingGST Update – How to file returns in QRMP scheme?
What is QRMP scheme? QRMP’s full form is “Quarterly Returns with Monthly Payment”. As this name is indicating it’s a scheme newly introduced under GST filing, where taxpayers can file their GSTR 1 and GSTR 3B both returns quarterly instead of monthly. Who can opt for QRMP scheme? All taxpayers […]
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