GST PMT-06 Challan Under QRMP Scheme: Key Compliance Points for Taxpayers

Introduction

Form GST PMT-06 is used by taxpayers under the QRMP Scheme to make monthly payment of tax while filing GSTR-1 and GSTR-3B on a quarterly basis. This mechanism helps small taxpayers reduce return filing frequency without postponing monthly tax payment obligations.

What is the QRMP Scheme?

The Quarterly Return Monthly Payment Scheme was introduced from 01 January 2021, pursuant to CBIC Circular No. 143/13/2020-GST dated 10 November 2020 and related Central Tax Notifications including Notification No. 84/2020-Central Tax and Notification No. 85/2020-Central Tax dated 10 November 2020.

As per the GST Portal and CBIC clarification, the QRMP Scheme is available to registered persons having aggregate turnover up to Rs. 5 crore in the preceding financial year, subject to filing of the last due GSTR-3B return.

Purpose of Form GST PMT-06

PMT-06 is the challan used for depositing GST liability in the first two months of a quarter by taxpayers who have opted for QRMP.

It may be used for payment of:

• Tax
• Interest
• Late fee
• Penalty
• Other GST-related amounts, where applicable

Due Date for PMT-06 Payment

As per CBIC Circular No. 143/13/2020-GST, QRMP taxpayers are required to pay tax for the first and second months of the quarter by the 25th day of the succeeding month through Form GST PMT-06.

While generating the challan, the taxpayer should select the reason as “Monthly payment for quarterly taxpayer”.

Methods of Payment Under QRMP

QRMP taxpayers can pay monthly tax through either of the following methods:

1. Fixed Sum Method

Under this method, the GST portal generates a pre-filled PMT-06 challan, commonly known as the 35% challan.

The amount is generally calculated as:

• 35% of tax paid in cash in the preceding quarter, where the previous return was quarterly; or
• Tax paid in cash in the last month of the immediately preceding quarter, where the previous return was monthly.

1. Self-Assessment Method

Under this method, the taxpayer calculates actual monthly liability after considering outward supplies, inward supplies, and eligible input tax credit, and then pays the amount through PMT-06.

Interest and Late Fee Implications

If payment through PMT-06 is delayed, interest may be applicable under Section 50 of the CGST Act, 2017.

However, CBIC has clarified that late fee under Section 47 applies for delay in filing returns or outward supply details, and no late fee is applicable merely for delay in payment of tax through PMT-06 for the first two months of the quarter.

Conclusion

Businesses under the QRMP Scheme should track monthly GST liability carefully and ensure timely PMT-06 payment by the 25th of the following month. Proper selection of the payment method can help avoid interest exposure and improve GST compliance discipline.

For expert guidance on this topic, contact your tax professional today.