GST: Quarterly Return & Monthly Payment – QRMP effective from 1-1-2021

The topic itself is self-explanatory, a recent development when GST Council met in its 42nd meeting held on 05.10.2020 and decided to allow up to 5 crore turnover suppliers proceed with 'QRMP'. Why I came to understand that I should write on this topic - naturally peculiarity of this scheme and some extent it’s complex terminology which if explained in simple terms then it will be very helpful to the suppliers at large. So let us begin our small journey to explain the scheme in detail.

from TaxGuru https://ift.tt/36imq92
via gqrds

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