#qrmp

✨ Filing GST returns under the QRMP scheme? Then you need to know about the Invoice Furnishing Facility (IFF)! 💡

IFF lets you upload B2B invoices monthly (for M1 & M2) instead of waiting until the end of the quarter, meaning faster ITC for your clients, fewer last-minute rushes, and smoother compliance overall. 🚀📄

If you're tired of bottlenecks, mismatches, and manual chaos, this feature can seriously level up your workflow.

And guess what?

Suvit makes the whole process even easier with smart automation and seamless invoice handling! 🤖✨

Curious how it works and whether it’s right for you?

👉 Dive into the full blog to get all the insights!

🧾 Monthly vs Quarterly GSTR-1 Filing – What’s Best for YOU? 🤔

Let’s settle this compliance debate once and for all! ⚖️

If you’re a CA or business owner figuring out how to reduce filing headaches (without risking penalties 💸), here’s what you need to know:

📅 Monthly GSTR-1

✅ Ideal if your turnover is above ₹5 Cr

✅ More frequent, but ensures smoother ITC flow for buyers

✅ Due: 11th of every month

📆 Quarterly GSTR-1 (QRMP)

✅ Perfect for businesses below ₹5 Cr turnover

✅ Less paperwork, less pressure

✅ Due: 13th of the month following the quarter

✨ Bonus: Use IFF to upload invoices monthly & keep your buyers happy!

⚠️ Late Filing = ₹50/day penalty (Max ₹5,000!)

📌 Pro Tip: Reconcile regularly to stay audit-ready & ITC-strong 💪

💬 Still unsure what suits your business best? We broke it all down (with examples + scenarios) in our blog👇

The CBIC introduced the QRMP scheme under GST to help small and medium taxpayers whose aggregate turnover is less than INR 5 crores. The QRMP scheme permits the taxpayers to file GSTR-3B every quarter. However, the taxpayer would still need to pay tax each month. However, the CBIC introduced new changes in the QRMP scheme on 6th July 2021. Read more here - https://bit.ly/3DiWmcD

With ClearTax GST software, you can easily upload the CSV file format containing the list of GSTINs and the selected filing frequency either ‘monthly’ or ‘quarterly’. The same will get updated on the GST portal within a few seconds!