Govt launches QRMP scheme: From January 1, file only 4 GSTR-3B returns instead of 12
National
- The Central Government has launched ‘Quarterly Return filing & Monthly Payment of Taxes (QRMP)’ scheme for small taxpayers under the GST system.
- Taxpayers with an aggregate annual turnover of up to Rs 5 crore in the preceding financial year and have filed their October GSTR-3B (sales) return by November 30, 2020, are eligible for this scheme.
- The notifications for the same were issued by the Central Board of Indirect Taxes and Customs (CBIC).
Source: Hindustan Times
Related General Knowledge
Central Board of Indirect Taxes and Customs
- The Central Board of Indirect Taxes and Customs (CBIC) is the nodal national agency responsible for administering Customs, GST, Central Excise, Service Tax & Narcotics in India.
- The Customs & Central Excise department was established in the year 1855 by the then British Governor General of India, to administer customs laws in India and collection of import duties / land revenue.
- It is one of the oldest government departments of India.
- Chairperson: M. Ajit Kumar
- Minister responsible: Nirmala Sitharaman, Finance Minister of India
- Founded: 1 January 1964
- Headquarters: New Delhi