CBIC has issued advisory on Quarterly Return Monthly Payment Scheme (QRMP) which has been made effective from January 01, 2021.Taxpayers having aggregate turnover less than 5 crores in the current and preceding financial year are eligible for the scheme where they can make GST payments through challan every month either by self-assessment of monthly liability or 35 per cent of net cash liability of GSTR-3B filed of last quarter.
Source SCV