Now, only four GSTR-3B returns a year instead of 12

Economy


NEW DELHI: Goods and Services Tax (GST) payers will need to fill only four GSTR-3B returns in a year instead of 12 at present from January 1.

This comes after the government introduced the Quarterly filing of Return with Monthly Payment (QRMP) scheme as part of ongoing reforms.

The scheme, which is optional, will ease the returns filing process for 9.4 million taxpayers, which is about 92% of the total GST base that have annual aggregate turnover up to Rs 5 crore, sources in the Department of Revenue said.

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