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TMI BlogQuarterly Return Monthly Payment SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... /2020- Central Tax, dated 10.11.2020. Notifies amendment carried out in sub-section (1), (2) and (7) of section 39 of the APGST Act vide Act No 37 of 2019. 2. Notification issued in the G.O. Ms. No. 67, Revenue (CT-II) Department, dated, 16-03-2021 (Notification No.82/2020- Central Tax, dated 10-11-2020. Makes the Thirteenth amendment (2020) to the APGST Rules 2017. 3. Notification issued in the G.O. Ms. No. 22, Revenue (CT-II) Department, dated, 04-02-2021 (Notification No 84/2020- Central Tax, dated 10.11.2020. Notifies class of persons under proviso to section 39(1) of the APGST Act. 4. Notification issued in the G.O. Ms. No. 21, Revenue (CT-II) Department, dated, 04-02-2021 (Notification No.85/2020- Central Tax, dated 10.11.2020. Notifies special procedure for making payment of tax liability in the first two months of a quarter 2. Various issues related to notifications issued to implement the QRMP Scheme have been examined. In order to explain the Scheme in simple terms and in order to ensure uniformity in implementation across field formations, the Chief Commissioner, in exercise of its powers conferred under section 168 (1) of the Andhra Pradesh Goods and S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ees and who have furnished the return in FORM GSTR-3B for the month of October, 2020 by 30th November, 2020, shall be migrated on the common portal as below. Therefore, taxpayers are advised to furnish the return of October, 2020 in time so as to be eligible for default migration. The taxpayers who have not filed their return for October, 2020 on or before 30th November, 2020 will not be migrated to the Scheme. They will be able to opt for the Scheme once the FORM GSTR-3B as due on the date of exercising option has been filed. Sl.No. Class of registered person Default Option 1 Registered persons having aggregate turnover of up to 1.5 crore rupees who have furnished FORM GSTR-1 on quarterly basis in the current financial year Quarterly return 2 Registered persons having aggregate turnover of up to 1.5 crore rupees who have furnished FORM GSTR-1 on monthly basis in the current financial year Monthly Return 3 Registered persons having aggregate turnover more than 1.5 crore rupees and up to 5 crore rupees in the preceding financial year Quarterly return Above default option has been provided for the convenience of registered persons based on their anticipated behaviour ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for furnishing IFF for previous month would not be available. As a facilitation measure, continuous upload of invoices would also be provided for the registered persons wherein they can save the invoices in IFF from the 1st day of the month till 13th day of the succeeding month. The facility of furnishing details of invoices in IFF has been provided so as to allow details of such supplies to be duly reflected in the FORM GSTR-2A and FORM GSTR-2B of the concerned recipient. For example, a registered person who has availed the Scheme wants to declare two invoices out of the total ten invoices issued in the first month of quarter since the recipient of supplies covered by those two invoices desires to avail ITC in that month itself. Details of these two invoices may be furnished using IFF. The details of the remaining 8 invoices shall be furnished in FORM GSTR-1 of the said quarter. The two invoices furnished in IFF shall be reflected in FORM GSTR-2B of the concerned recipient of the first month of the quarter and remaining eight invoices furnished in FORM GSTR-1 shall be reflected in FORM GSTR-2B of the concerned recipient of the last month of the quarter. The said facility would h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CGST 50 SGST 50 SGST 50 IGST 80 IGST 80 Cess - Cess - Monthly tax payment through this method would not be available to those registered persons who have not furnished the return for a complete tax period preceding such month. A complete tax period means a tax period in which the person is registered from the first day of the tax period till the last day of the tax period. (b) Self-Assessment Method: The said persons, in any case, can pay the tax due by considering the tax liability on inward and outward supplies and the input tax credit available, in FORM GST PMT-06. In order to facilitate ascertainment of the ITC available for the month, an auto-drafted input tax credit statement has been made available in FORM GSTR- 2B, for every month. 6.2 The said registered person is free to avail either of the two tax payment method above in any of the two months of the quarter. 6.3 It is clarified that in case the balance in the electronic cash ledger and/or electronic credit ledger is adequate for the tax due for the first month of the quarter or where there is nil tax liability, the registered person may not deposit any amount for the said month. Similarly, for the secon ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erest would be payable at the applicable rate, from the due date of furnishing FORM GST PMT-06 till the date of making such payment. iii Further, in case FORM GSTR-3B for the quarter is furnished beyond the due date, interest would be payable as per the provisions of Section 50 of the APGST Act for the tax liability net of ITC. Illustration 1 - A registered person, who has opted for the Scheme, had paid a total amount of ₹ 100/- in cash as tax liability in the previous quarter of October to December. He opts to pay tax under fixed sum method. He therefore pays ₹ 35/- each on 25th February and 25th March for discharging tax liability for the first two months of quarter viz. January and February. In his return for the quarter, it is found that liability, based on the outward and inward supplies, for January was ₹ 40/- and for February it was ₹ 42/-. No interest would be payable for the lesser amount of tax (i.e. ₹ 5 and ₹ 7 respectively) discharged in these two months provided that he discharges his entire liability for the quarter in the FORM GSTR-3B of the quarter by the due date. Illustration 2 - A registered person, who has opted for the S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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