If your turnover is less than Rs. 5 crore in the previous financial year, you can opt for QRMP Scheme. Full for is Quarterly Return, Monthly Payment Scheme. You need to file GSTR 1 on quarterly basis but make estimated tax payments on monthly basis. If you have exercised this option once, you shall continue furnish your return as per this scheme unless you change the option to monthly return filing.
If you opt this option, you need to deposit the tax by 25th of each month using challan GST PMT 06. You have an option of paying a fixed sum or paying tax on self assessment basis.
In fixed sum method, you pay at least 35% of total tax paid in the previous quarter. In self assessment method you can pay your estimated tax based on your GST collections and GST payments.
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