Thread by @TaxationUpdates

If your Aggregate Annual Turnover is up to ₹5 Crore then #QRMP (Quarterly Return and Monthly Payment) Scheme will save your Late fees in #GST

How it saved is explained here 👇👇👇 in thread

Non QRMP
Monthly GSTR 1 on or before 11th of Next Month so from 12th Late Fee is Applicable

QRMP
Option to file IFF for Month 1/Month 2 and Quarterly GSTR 1 on or before 13th so late fee is applicable for delay in Quarterly GSTR 1 only

Non QRMP
Monthly GSTR 3B on or before 20th of Next Month so from 21st Late Fee is Applicable

QRMP Tax
GST Payment if any for Month 1/Month 2 on or before 25th of Next month and Quarterly GSTR 3B on or before 22nd/24th so late fee is applicable for delay in Quarterly GSTR 3B only

Summary
Non QRMP
M1 GSTR 1 Late Fee
M1 GSTR 3B Late Fee
M2 GSTR 1 Late Fee
M2 GSTR 3B Late Fee
M3 GSTR 1 Late Fee
M3 GSTR 3B Late Fee

QRMP
M1 IFF Optional
M2 IFF Optional
M3 Quarterly GSTR 1 Late Fee
M3 Quarterly GSTR 3B Late Fee