QRMP Scheme Payment Using PMT-06: How TaxBuddy Manages Your GST Cash Flow
- Rajesh Kumar Kar
- 2 days ago
- 8 min read
The QRMP scheme under GST allows eligible taxpayers to file returns quarterly while paying taxes monthly using Form GST PMT-06, making GST filing more flexible for small and medium businesses. This system reduces compliance pressure and improves cash flow by avoiding large quarter-end payments. PMT-06 acts as a single challan for depositing GST liability during the first two months of a quarter, with final adjustment in GSTR-3B. When handled correctly, it offers predictability, smoother liquidity, and timely ITC flow for buyers. Platforms like TaxBuddy automate challan creation, ledger tracking, and reminders, making GST filing under QRMP easier and more reliable.
Table of Contents
What Is the QRMP Scheme Under GST
The Quarterly Return Monthly Payment (QRMP) scheme is designed for small taxpayers registered under GST with an aggregate turnover of up to ₹5 crore. It allows eligible businesses to file GST returns quarterly instead of monthly, while continuing to pay tax every month. The main intent is to reduce the compliance burden without disrupting tax collection. Under QRMP, GSTR-1 and GSTR-3B are filed once every quarter, but tax for the first two months of the quarter is deposited using Form GST PMT-06. The third month’s liability is adjusted while filing the quarterly return.
This structure works well for businesses with stable or predictable turnover, as it avoids frequent return filings while ensuring regular tax payments.
Understanding Form GST PMT-06 for QRMP Payments
Form GST PMT-06 is a challan used to deposit GST amounts into the electronic cash ledger. Under the QRMP scheme, it is specifically used for paying tax for the first and second months of a quarter. The form allows payment of tax, interest, penalty, or late fees, though most QRMP taxpayers use it mainly for tax deposits.
PMT-06 does not involve return filing or invoice reporting. It only facilitates payment. The amount paid through PMT-06 is later adjusted against the actual tax liability declared in the quarterly GSTR-3B.
PMT-06 Payment Due Dates Under the QRMP Scheme
For taxpayers opting into the QRMP scheme, PMT-06 payments must be made by the 25th of the month following the relevant month. This applies only to the first two months of the quarter.
For example, for the April–June quarter:
Tax for April must be paid by 25 May
Tax for May must be paid by 25 June
June liability is settled while filing the quarterly GSTR-3B
Missing these due dates can attract interest, even though returns are filed quarterly.
Fixed Sum Method vs Self-Assessment Method in PMT-06
QRMP taxpayers can choose between two methods for calculating PMT-06 payments.
Under the fixed sum method, the system auto-generates a challan equal to 35 per cent of the cash tax paid in the previous quarter. This method is useful for businesses with consistent turnover, as it offers predictability and requires no fresh calculation each month.
Under the self-assessment method, the taxpayer estimates actual tax liability for the month based on outward supplies and available input tax credit. This method suits businesses with fluctuating sales or seasonal activity, as payments are closer to real liability.
The choice of method does not affect the final tax payable. Any excess or shortfall is adjusted during quarterly return filing.
Step-by-Step Process to Make QRMP Payment Using PMT-06
The PMT-06 payment process starts on the GST portal. After logging in, the taxpayer navigates to the Payments section and selects Create Challan. Under the reason for payment, “liability payment for the quarter” is selected. The system then allows choosing either the fixed sum or the self-assessment amount.
Once the challan is generated, payment can be made through net banking, NEFT, RTGS, or over-the-counter modes. After successful payment, the amount reflects in the electronic cash ledger and becomes available for adjustment during GSTR-3B filing.
The process is straightforward, but errors often occur due to incorrect amount selection or delayed payments.
Role of Invoice Furnishing Facility in QRMP Compliance
The Invoice Furnishing Facility (IFF) allows QRMP taxpayers to upload B2B invoices for the first two months of the quarter without waiting for quarterly GSTR-1. This ensures that buyers can claim input tax credit on time.
IFF is optional but highly recommended for businesses dealing largely with registered customers. It does not impact PMT-06 payments directly, but it complements the QRMP framework by maintaining smooth ITC flow in the supply chain.
Invoices uploaded through IFF are later auto-populated in the quarterly GSTR-1.
How PMT-06 Impacts GST Cash Flow Management
PMT-06 plays a key role in managing GST-related cash flow. Instead of paying a large tax amount at the end of the quarter, businesses spread payments across months. This reduces liquidity stress and improves budgeting.
The fixed sum method further stabilises cash outflows, while the self-assessment method prevents overpayment during low-sales months. For many small businesses, this structure aligns tax payments more closely with actual cash inflows, making GST compliance financially manageable.
Common PMT-06 Issues and How to Avoid Payment Errors
One common issue is missing the payment deadline, which results in interest liability. Another frequent problem is paying an incorrect amount due to confusion between the fixed sum and the self-assessment methods. Some taxpayers also overlook available balances in the electronic cash ledger and make unnecessary additional payments.
These issues can be avoided by maintaining monthly sales visibility, reviewing ledger balances before payment, and setting reminders for due dates. Using a compliance platform reduces manual oversight and calculation errors.
How TaxBuddy Automates QRMP Scheme and PMT-06 Payments
TaxBuddy simplifies QRMP compliance by automating PMT-06 challan generation based on the selected method. The platform tracks electronic cash ledger balances, highlights upcoming due dates, and reduces the risk of missed payments or incorrect amounts.
By consolidating GST data, reminders, and payment workflows in one place, TaxBuddy helps businesses manage monthly tax outflows efficiently while staying fully compliant with QRMP rules.
Compliance Checklist for QRMP Taxpayers
QRMP compliance starts with confirming eligibility at the beginning of the financial year. Businesses with aggregate turnover within the prescribed limit must actively opt into the scheme on the GST portal within the allowed window. Once opted in, the selection remains in force for the entire quarter, making it important to review turnover trends and business structure before choosing QRMP.
The next step involves choosing the appropriate PMT-06 payment method. Taxpayers should assess whether the fixed sum method or the self-assessment method better suits their cash flow pattern. Businesses with stable sales generally benefit from the predictability of the fixed sum method, while those with fluctuating turnover should rely on self-assessment to avoid overpayment or underpayment.
Timely PMT-06 payment is a critical monthly responsibility. Tax for the first two months of each quarter must be deposited by the 25th of the following month. Missing this deadline can lead to interest liability even though returns are filed quarterly. Maintaining calendar reminders and monitoring payment confirmations on the GST portal reduces the risk of delays.
For businesses making B2B supplies, uploading invoices through the Invoice Furnishing Facility plays an important role in compliance. Although optional, IFF ensures that buyers can claim input tax credit without waiting for quarterly GSTR-1. Invoices uploaded through IFF must be accurate and complete, as errors can affect customer relationships and reconciliation at quarter-end.
Regular reconciliation of the electronic cash ledger is equally important. Taxpayers should review available balances before generating new challans to avoid unnecessary payments. Monitoring the ledger also helps identify mismatches early, ensuring smooth adjustment during quarterly GSTR-3B filing.
Quarterly return filing remains a key obligation under QRMP. GSTR-1 must be filed to report outward supplies, while GSTR-3B is used to declare final tax liability and adjust PMT-06 payments. Both returns must be filed within their respective due dates to prevent late fees and compliance flags.
A consistent review of overall GST compliance status helps prevent avoidable issues. Tracking payments, invoice uploads, ledger balances, and return filings on a regular basis reduces the chances of interest, late fees, and system-generated notices. A disciplined approach to QRMP compliance ensures smoother operations and better financial control throughout the year.
Conclusion
The QRMP scheme, combined with PMT-06 payments, offers a practical balance between reduced compliance and regular tax payment. When managed correctly, it improves liquidity and simplifies GST obligations for small businesses. Platforms like TaxBuddy add further efficiency by automating challans, tracking ledgers, and ensuring timely compliance. For anyone looking for assistance in tax filing and GST compliance, it is advisable to download the TaxBuddy mobile app for a simplified, secure, and hassle-free experience.
FAQs
Q1. Does TaxBuddy offer both self-filing and expert-assisted plans for ITR filing, or only expert-assisted options?
TaxBuddy offers both self-filing and expert-assisted plans to suit different taxpayer needs. The self-filing option is designed for individuals with straightforward income and basic compliance requirements, using guided workflows and automated data checks. The expert-assisted plan is suitable for taxpayers with complex situations such as business income, capital gains, GST involvement, or notices, where a qualified tax professional reviews and completes the filing to ensure accuracy and compliance.
Q2. Which is the best site to file ITR?
The Income Tax Department’s official e-filing portal remains the primary platform for filing income tax returns in India. However, many taxpayers prefer platforms like TaxBuddy for a more guided and error-reduced experience. Such platforms provide automated data extraction, validation checks, and optional expert support, which reduces filing mistakes and post-filing issues.
Q3. Where to file an income tax return?
An income tax return can be filed directly on the official income tax e-filing portal provided by the government. Alternatively, authorized tax platforms like TaxBuddy allow taxpayers to file returns through an assisted or self-guided interface while still submitting the return to the government portal in the background.
Q4. What is the due date for PMT-06 payment under QRMP?
Under the QRMP scheme, PMT-06 payment for the first two months of a quarter must be made by the 25th day of the following month. This timeline applies regardless of whether the fixed sum or self-assessment method is used. Timely payment is important to avoid interest liability.
Q5. Is PMT-06 mandatory under the QRMP scheme?
PMT-06 is mandatory for QRMP taxpayers who need to deposit tax for the first and second months of a quarter. If sufficient balance is already available in the electronic cash ledger, an additional PMT-06 payment may not be required, but the obligation to ensure adequate balance remains.
Q6. Can PMT-06 be paid using NEFT or net banking?
PMT-06 supports multiple payment modes, including net banking, NEFT, RTGS, and over-the-counter payments at authorized banks. This flexibility allows taxpayers to choose the most convenient payment option based on banking access and transaction size.
Q7. What happens if PMT-06 payment is delayed?
If PMT-06 payment is made after the due date, interest is charged at the applicable GST rate from the due date until the actual date of payment. Even though returns are filed quarterly, monthly payment delays can still lead to interest liability, making timely compliance important.
Q8. Can available cash ledger balance be used for PMT-06?
Yes, if the electronic cash ledger already has a sufficient balance to cover the monthly tax liability, no separate PMT-06 challan payment is required. The existing balance can be used while offsetting liability during quarterly GSTR-3B filing.
Q9. Is the fixed sum method compulsory under QRMP?
The fixed sum method is not compulsory. QRMP taxpayers may choose between the fixed sum method and the self-assessment method each month. The fixed sum method offers predictability based on past payments, while self-assessment allows closer alignment with actual monthly turnover.
Q10. Can GST practitioners file PMT-06 for clients?
Authorised GST practitioners can generate and file PMT-06 challans on behalf of their clients, provided proper authorisation is in place. However, the decision to opt into or opt out of the QRMP scheme must be made by the registered taxpayer and cannot be changed by the practitioner.
Q11. How is PMT-06 adjusted in the quarterly GSTR-3B?
Amounts paid through PMT-06 are credited to the electronic cash ledger and adjusted against the final tax liability declared in the quarterly GSTR-3B. Any excess payment remains in the ledger for future use, while shortfalls must be paid at the time of return filing.
Q12. How does TaxBuddy help with QRMP compliance?
TaxBuddy simplifies QRMP compliance by automating PMT-06 challan generation, tracking cash ledger balances, and providing timely payment reminders. The platform reduces manual errors, ensures deadlines are met, and offers expert assistance when required, making monthly GST payments and quarterly filings more manageable for businesses.
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