Skip to content

CA Intermediate · Taxation · Returns

Nirmal Foods, Indore, a registered person under QRMP scheme, opted to pay tax by the fixed-sum method for the first two months of the quarter. Which statement is correct?

A QRMP taxpayer files GSTR-1 and GSTR-3B quarterly and pays tax for the first two months of each quarter by challan in Form GST PMT-06, using the fixed-sum or self-assessment method. Monthly GSTR-3B is not required and GSTR-9 is an annual return.

  1. AIt furnishes GSTR-1 quarterly and pays tax for the first two months through a challan in Form GST PMT-06, then files GSTR-3B quarterlyCorrect
  2. BIt files GSTR-3B monthly and GSTR-1 quarterly
  3. CIt need not pay any tax in the first two months
  4. DIt files GSTR-9 quarterly

Explanation

Under QRMP, GSTR-1 and GSTR-3B are both furnished quarterly, while tax for the first two months is paid monthly through challan PMT-06 using the fixed-sum or self-assessment method. Monthly GSTR-3B is therefore not required. Tax payment in the first two months cannot be skipped, and GSTR-9 is annual.

Did you get it right without looking?

One question tells you little. A timed set on Returns shows your real accuracy, how long you take and where you lose marks.

Practise ReturnsFree diagnostic mock

More Returns questions