GST QRMP Scheme for Regular Return-(upto 700 Invoice)Excel

Under the GST QRMP (Quarterly Return Monthly Payment) scheme for regular return filing, taxpayers can file their GST returns on a quarterly basis while paying tax on a monthly basis. For taxpayers with up to 700 invoices per quarter, the GSTN (Goods and Services Tax Network) provides an offline tool in excel format for filing GSTR-1 and GSTR-3B returns. Here's how to use the excel tool for GST QRMP return filing:

Download Offline Tool: The taxpayer must download the latest version of the GST Offline Tool for QRMP scheme from the GST portal.

Import Data: The taxpayer can import the data for GSTR-1 from their accounting or billing software into the GST Offline Tool. The tool also provides an option to manually enter the invoice details.

Validate Data: The taxpayer must validate the data entered in the tool to ensure accuracy and completeness.

Generate JSON File: The taxpayer must generate a JSON (JavaScript Object Notation) file for GSTR-1 return from the GST Offline Tool.

Upload JSON File: The taxpayer must upload the generated JSON file for GSTR-1 return on the GST portal. The due date for filing GSTR-1 under QRMP scheme is the 13th of the following month.

Import Data: The taxpayer can import the data for GSTR-3B from their accounting or billing software into the GST Offline Tool. The tool also provides an option to manually enter the invoice details.

Validate Data: The taxpayer must validate the data entered in the tool to ensure accuracy and completeness.

Generate JSON File: The taxpayer must generate a JSON file for GSTR-3B return from the GST Offline Tool.

Upload JSON File: The taxpayer must upload the generated JSON file for GSTR-3B return on the GST portal. The due date for filing GSTR-3B under QRMP scheme is the 22nd/24th of the following month, depending on the state.

It is important for taxpayers to ensure timely and accurate filing of their GST returns under the QRMP scheme to avoid any penalties or interest charges. Therefore, it is advisable to seek professional help if necessary to ensure compliance with GST regulations. Also, it is essential to keep accurate records of all transactions to ensure correct calculation of tax liability and filing of returns.