Page 7 - Chapter 14 Return.cdr

Answer:- (i) As per proviso to sec 39(1) the government may specify certain class of And for the 3rd month of the quarter, due date of payment shall be the due date
registered person who shall furnish return every quarter. of return (i.e. 22/24th day of the month succeeding such quarter)
Accordingly QRMP Scheme was notified wherein the taxpayer on fulfilling Hence , For the month of April 21, due date of payment will be = 25th may 21
certain conditions can file returns on quarterly basis. For the month of May 21, due date of payment will be = 25th June 21
A registered person who is required to furnish GSTR 3B and having an For the month of June 21, due date of payment will be = 22/24th July 21

aggregate turnover upto `5 crores in preceding FY can opt for QRMP Scheme. iii) If a person has been opted for Fixed Sum Method, the amount of tax, required to
In the given case aggregate turnover of Mr.X is (1.2+0.75+2.9) `4.85 crores. be paid in cash for 1st and 2nd month of the quarter, will be as follows:-
Thus Mr.X is eligible for QRMP Scheme as he is a regular taxable person. Ü Who furnished GSTR-3B quarterly for the last quarter - 35% of tax paid in
(ii) Yes, Mr. X Can opt for QRMP scheme only for Maharashtra Branch as it was cash(E- Cash Ledger) in the preceding qtr CH 14
further clarified that option to avail QRMP is GSTIN wise and therefore distinct Ü Who furnished GSTR-3B monthly during the last quarter- 100% of tax paid in
Return
person as defined u/s 25 of CGST Act have option to avail QRMP for one or more cash in the last month of the immediately preceeding qtr
GSTIN. Ü The balancing amount of tax is to be paid in the 3rd month
CCP 14.04.13.00 Based on the above provision, payment of tax in cash for 1st and 2nd month of the
Arihant Ltd. Is a registered person under GST. The following details are given :- quarter will be as follows:-
Aggregate annual turnover of PFY(2020-21) = `2 crore Aggregate annual CGST SGST IGST Cess

turnover of CFY(2021-22) = ` 7 crore. Last return filed (quarterly) for the qtr Tax paid in cash in qtr (Jan to Mar 2021) 50,000 50,000 80,000 8,000
ended march 21 are as follows:- Payment of tax in cash in 1st month (Apr 21) 17,500 17,500 28,000 2,800
Tax paid in cash in qtr (Jan to Mar 2021)= CGST SGST IGST Cess
Payment of tax in cash in 2nd month (May 21) 17,500 17,500 28,000 2,800
50,000 50,000 80,000 8,000 (35% of tax paid in cash in Preceeding qtr)
State whether-
i) Whether Arihant Ltd. Is eligible for QRMP scheme? CCP 14.04.14.00

ii) What is the due date of payment, after opting QRMP scheme? M/s ABC & Co, a registered person, has been opted for QRMP scheme. They want
iii) If Arihant Ltd. has opted for Fixed Sum Method, what will be the amount of to choose the SAM method for payment of tax. The following details are given
tax, required to be paid in cash for 1st and 2nd month of the quarter? i.r.o. the supplies (For May XX):-
Answer:- i) A registered person who is required to furnish a return in FORM GSTR- Outward supplies @ 18% = 10,00,000 (IGST)`
3B, and who has an aggregate turnover of up to `5 crore in the preceding financial Inward supplies @ 18% = 6,00,000 (IGST)`

year, is eligible for the QRMP Scheme. ITC available (E credit ledger) = 20,000 (Opening ITC balance) (IGST) M/s `
Hence, Arihant ltd is eligible for QRMP scheme from CFY (2021-22) , ABC The Company has made the payment of tax on 30th June 20XX.
as its aggregate annual turnover in PFY (2020-21) is `2 crore. Calculate the amount payable by M/s ABC & Co. ?
ii) The due date of payment under QRMP scheme, shall be 25th of succeeding
month, for 1st and 2nd month of the quarter.

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