Under the QRMP Scheme, the small taxpayer’s filing burden is reduced significantly Come January 1, 94 lakh GST assessees will be required to fill only four GSTR 3B (Goods & Services Tax Return) forms as against 12 now. GSTR 3B is mandatory for every GST assessee to file. It shows details of sales and purchase made by the registered taxpayer, liable Input Tax Credit (ITC), liable tax and actual tax paid. The government has decided to introduce quarterly filing of return with monthly payment (Quarterly filing of Return with Monthly Payment (QRMP) Scheme). The Scheme will impact almost 94 lakh taxpayers, about 92 per cent of the total tax base of the GST, who have an annual aggregate turnover (AATO) up to ₹ 5 crore. According to a senior tax official, with quarterly scheme put to practice in GST, the small taxpayer, from January onward, would need to file only eight returns (four GSTR-3B and four GSTR-1 returns) instead of 16 returns at present, in a financial year. This w...