CBIC has notified new QRMP (Quarterly Return Monthly Payment) scheme w.e.f. 1st January, 2021 for registered persons opting for quarterly filing of GSTR-3B. A registered person having aggregate turnover up to ₹ 5 crores in the preceding FY is eligible for QRMP scheme. Quarterly filers of GSTR-3B shall have to deposit 35% of the tax liability paid by debiting the electronic cash ledger of the preceding quarter where return is furnished quarterly or 100% of the tax liability paid by debiting the electronic cash ledger in the last month of the preceding quarter where return is furnished monthly.
Furthermore, the payment of tax shall be made vide challan PMT-06 by the 25th day of the month succeeding the month for which payment is made.