CBIC issues clarification in respect of quarterly return-filing along with monthly tax-payment scheme

CBIC issues clarification in respect of notifications issued to implement the Scheme of quarterly return filing along with monthly payment of taxes for taxpayers having aggregate turnover up to Rs. 5 crore (“QRMP Scheme/ Scheme”) pursuant to recommendation made during GST Council’s 42nd meeting held on October 05, 2020; Explains that a registered person required to furnish a return in FORM GSTR-3B, having an aggregate turnover of up to Rs. 5 crore in preceding financial...