Mam, In my last query mentioned in below link–
You replied — In our view in case your net outward tax liability (after ITC) is on increasing trend you can opt for QRMP , however if it is declining, you may not opt.
Now query-Increasing/decreasing trend of net outward tax liability (after ITC) should be checked from Jan’2021 ??
2) Pls explain that why Decision of opt-in /opt-out of QRMP scheme should be based on Increasing/decreasing trend of net outward tax liability (after ITC) ??
[Note- I have turnover less than 1.5 cr and have filed GSTR-1 of Oct’2020 on 24th Nov’2020].
Payment of GST under QRMP in Jan and Feb will be based upon payout in Dec and thus if in Jan / Feb less liability is exepected you will end up paying more in these months, though same will be adjusted in March,2021.
However its your call and in case you want to avoid monthly filing , you can opt for QRMP.
Team Clearmytax.in
Subscribe www.clearmytax.in and get FREE GST e-books , articles and updates on your e-mail.