QRMP Scheme: Definition, Meaning & Guide for Indian Businesses

QRMP lets small GST taxpayers (turnover up to 5 crore) file quarterly returns while paying tax monthly. Reduces compliance burden without affecting cash flow to government.

What is QRMP Scheme?

QRMP stands for Quarterly Return Monthly Payment scheme, an option for GST-registered businesses with aggregate annual turnover up to 5 crore in the previous financial year. Eligible businesses can file GSTR-1 and GSTR-3B quarterly instead of monthly. Tax payment continues monthly through PMT-06 challan. Reduces compliance to 4 returns per year instead of 24.