It may be noted that all taxpayers were informed regarding the frequency assigned to them by e-mail and SMS.

For the purpose of determining eligibility for QRMP, T/O was determined on the basis of the values declared by taxpayers in Table-3.1 of GSTR-3B (except inward supplies attracting reverse charge) for the FY 19-20.

If a component of the turnover, like exempted or non-GST T/O, was not declared by a taxpayer in GSTR-3B or was declared in next financial year, then T/O computed by system for such taxpayers could be less than Rs. 5 crore. Such taxpayers may have been assigned to QRMP on the basis of values declared by them in GSTR-3B. Such taxpayers are advised to opt-out of scheme for quarter Apr-Jun’21 by 30th Apr 2021.

IFF is an optional facility made available as per Rule-59(2) of the CGST Rules, 2017. This is provided for those quarterly taxpayers who want to pass on ITC to their recipients in first two months of a quarter. Since IFF is an optional facility, it poses no additional compliance burden. .

Taxpayers will be provided with a draft GSTR-3B, which will contain the details of the liability to be paid by taxpayers in the quarterly GSTR-3B. This will be prepared on the basis of the supplies

declared in FORM GSTR-1 for the quarter. It will also contain data from the optional IFF, if any is filed in either of the first two months of the quarter. The said system computed values will also be autopopulated in quarterly GSTR-3B.

In first two months of the quarter, no declaration pertaining to ITC is required to be made. The available ITC for the entire quarter will be made available by the system in quarterly FORM GSTR-2B.

This quarterly facility will be in addition to the FORM GSTR-2B being made available on monthly basis, which can still be used for doing self-assessment.

Readers can raise their query hereunder in this regard.