Introduction.
The GST council has introduced the QRMP scheme in the 42nd GST Council Meeting dated October 5, 2020. As denoted by its name, QRMP Scheme is a scheme to file the return quarterly but making payment on monthly basis w.e.f. January 1, 2021.
 

While paying taxes to our Government, businesses can use the credit of GST paid on the purchases like raw materials/services used for manufacturing or selling products. It is known as an Input Tax Credit (ITC).

Validation of Unique Document Identification Number (UDIN) by ICAI portal during Tax Audit Reports

Upcoming Due Dates

The amounts received by the applicant, either by himself or through his agents, towards the sale of their share of flats, are not eligible to GST, if and only if the entire consideration related to such sale of apartments is received after the issuance of Completion Certificate dated 26.08.2019, as the said activities have treated neither supply of goods nor supply of service in terms of schedule III of the CGST Act 2017 subject to Clause 5(b) of the Schedule-II of the CGST Act, 2017.