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CA Intermediate · Taxation · Returns

Ananya Textiles (Surat) has an aggregate turnover of Rs 4 crore in the previous year and has opted for the QRMP scheme. For the quarter April-June, it wants to pay tax using the monthly payment facility. Which statement is correct about its returns and payment?

Under QRMP the taxpayer files GSTR-3B once a quarter but must deposit tax for the first two months of the quarter through challan in form PMT-06 by the 25th of the next month, and the remaining tax is paid with the quarterly return.

  1. AIt files GSTR-3B quarterly and pays tax for the first two months by challan in PMT-06 by the 25th of the following monthCorrect
  2. BIt files GSTR-3B monthly and GSTR-1 quarterly with no tax payment in the first two months
  3. CIt files GSTR-3B quarterly and pays the entire quarter's tax only with the return
  4. DIt files GSTR-3B for each month by the 20th and GSTR-1 for each month by the 11th

Explanation

Under QRMP, GSTR-3B is filed quarterly, while tax for the first and second months is deposited through challan (PMT-06) by the 25th of the following month. Option B is wrong because GSTR-3B is not monthly, and option C ignores the monthly payment requirement.

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