Short Query Regarding QRMP

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Fahim Shaikh 23 February 2021

Dear Sir/Madam

I m a small Business turnover was less then 30 lakh

As per Gst I have Default Elected for QRMP System

As per QRMP Scheme
Every Month I have to pay Gst

My Jan Outward/Inward Gst Details are below
Sales
C - 2358
S - 2358

Pur as per 2b dec pur
C - 1535
S - 1535

Total Amt is Coming to pay 1646
I have Itc available 4000 in Portal so the tax amt will be minus from Itc or I have to pay Jan month Gst if answer is yes then I have to pay full amt or 35% Kindly Help me out

CA Altamush Zafar (GST Consultant) 23 February 2021

If eligible itc is more than liability then you don't need to pay any amount

Fahim Shaikh 23 February 2021

Thanks Sirji

One more thing I want to ask I have failed to file IFF of Jan month

so I can file IFF of Jan month In March Including Feb Month

And IFF there is no B2C Option available so B2c Invoice where I have to take