Payment of Tax by Fixed Sum Method under QRMP Scheme
GST
Dated:- 4-2-2021
1. W.e.f. 1st January, 2021, following two options are available to the Taxpayers who are under Quarterly Returns and Monthly Payment of Tax (QRMP) Scheme for tax payment for first 02 months of a quarter:
a. Fixed Sum Method: Portal can generate a pre-filled challan in Form GST PMT-06 based on his past record.
b. Self-Assessment Method: The Tax due is to be paid on actual supplies after deducting the Input Tax Credit available.
2. In fixed sum method, the 35% Challan can be generated by selecting the Reason For Challan>Monthly Payment for Quarterly Return> 35% Challan which is in turn calculated as per following situation:
a. 35% of amount paid as
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