The QRMP (Quarterly Return Monthly Payment) scheme under GST reduces compliance burden for smaller businesses. Which businesses are eligible?

The QRMP scheme allows eligible taxpayers to file GST returns quarterly (4 times a year) while continuing to pay taxes monthly (12 times a year). Eligibility threshold is an annual aggregate turnover of up to Rs. 5 crore. This significantly reduces the compliance burden for small and medium businesses — they file fewer returns while ensuring the government receives regular tax payments. QRMP was introduced in 2020 as part of GST's ongoing simplification drive. Additionally, the GST Composition Scheme (for businesses with turnover up to Rs. 1.5 crore) offers an even simpler alternative, with quarterly payment and annual return filing.