Page 13 - Ch14 _RETURNS

Ü In case of composition scheme, the tax is payable on quarterly basis by 18th of next month and
Return is to be filed on yearly basis.
Discussion & Conclusion:-
Ü So, in given case, the advice given by manager is correct & valid.
Ü If Mr. Sangam is not opting for Composition Scheme, then the tax is payable on monthly basis.

CCP 14.05.15.00
When does the option of QRMP scheme lapses?
Answer :-
1) If the aggregate turnover crosses ₹ 5 crore during a quarter in a financial year, then the registered person

shall not be eligible to furnish return on quarterly basis
Ü from the first month of the succeeding quarter.
2) He shall opt for furnishing of return on a monthly basis from the 1st month of the quarter, succeeding the
quarter during which his aggregate turnover exceeds ₹ 5 crore.
3) The facility for opting out of the scheme for a quarter will be available

Ü from 1st day of 2nd month of preceding quarter
Ü to the last day of the 1st month of the quarter

CCP 14.05.16.00
Explain the different payment methods under the QRMP Scheme?
Answer :
The different payment methods under the QRMP Scheme are as under:-

1. Fixed Sum Method (FSM):-
Sr.No. Type of Taxpayer Tax to be paid in each of 1st 2 months
1. Who furnished GSTR-3B quarterly for the 35% of tax paid in cash in the preceding
last quarter quarter.
2 Who furnished GSTR-3B monthly during 100% of tax paid in cash in the last month of the

the last quarter immediately preceding quarter.
The balancing amount of tax as per return is to be paid in the 3rd month.
There are certain situations where no such tax needs to be deposited:-

Ü 1st Month of Quarter: The tax liability is Nil. OR The balance in the electronic cash ledger is adequate for
the tax liability for the same month.
Ü2nd Month of Quarter: The tax liability is Nil or the balance in the electronic cash ledger/ electronic
credit ledger is adequate for the cumulative tax liability for the first two months of the quarter.

2. Self-Assessment Method (SAM):-
Under this method, taxpayer can pay the tax by considering the tax liabilities on inward & outward supplies
as per the ITC available for which GSTR-2B can be used for each month.

06. Section 39(2) read with Rule 62:- GSTR-4 i.e. Return for composition supplier & CMP-08
CCP 14.06.17.00
Mr. Kalpesh is a registered dealer in Kerala paying tax under composition levy from 1st April. However,
he opts to pay tax under regular scheme from 1st December. Is he liable to file GSTR-4 for the said F.Y.

during which he opted out of composition scheme? Discuss. [Study Mat]

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