QRMP
Quarterly Return, Monthly Payment: a GST option that lets smaller businesses file returns quarterly while paying tax monthly.
Under QRMP a smaller business files its main returns once a quarter instead of every month, but still pays the tax due each month. It halves the paperwork without letting tax pile up.
Whether you qualify, and the day your quarterly return falls on, depend on your turnover and your state — the filing calendar knows both.
Learn it in a lesson
See also: GST returns (GSTR-1 and GSTR-3B)