GST Due Date Alert – PMT-06 for February 2025

As the financial year progresses, taxpayers under the QRMP (Quarterly Return Monthly Payment) scheme must ensure timely compliance with GST payment requirements. The due date for filing PMT-06 for the month of February 2025 is 25th March 2025.

What is PMT-06?

Form PMT-06 is a challan used by taxpayers under the QRMP scheme to pay their monthly GST liability. The amount deposited through this challan gets reflected in the Electronic Cash Ledger and is used for tax payment while filing GSTR-3B quarterly.

Who Needs to Pay via PMT-06?

Taxpayers who have opted for the QRMP (Quarterly Return Monthly Payment) scheme must pay tax for the first two months of the quarter using PMT-06. The final tax adjustment is done while filing GSTR-3B for the entire quarter.

QRMP Scheme Eligibility:

✔ Businesses with annual aggregate turnover up to ₹5 crores in the preceding financial year.
✔ Taxpayers who opted for quarterly filing of GSTR-3B under the QRMP scheme.

Purpose of PMT-06 Payment

✅ Tax Payment: Monthly tax deposit for smooth quarterly return filing.
✅ Interest and Late Fee Payment: If applicable, based on delayed payments.
✅ Penalty Payment: In case of any GST violations.

How to Calculate GST Payment under QRMP Scheme?

Taxpayers have two methods to calculate their GST liability under the QRMP scheme:

1. Fixed Sum Method (FSM) – Pre-filled GST Payment:

  • The system generates a pre-filled challan based on 35% of tax paid in the previous quarter’s GSTR-3B.
  • Best suited for businesses with stable GST liability.

2. Self-Assessment Method (SAM) – Actual Tax Calculation:

  • Taxpayers manually calculate actual tax liability on outward supplies and adjust input tax credit (ITC).
  • Best suited for businesses with fluctuating tax liabilities.

Due Date for February 2025 PMT-06 Payment

📅 Deadline: 25th March 2025
Ensure timely payment to avoid interest or penalties.

Consequences of Late Payment

🚨 Interest: 18% per annum on delayed payment.
🚨 Late Fee: ₹50 per day (₹25 CGST + ₹25 SGST) or ₹20 per day for NIL returns.
🚨 Penalty: If non-compliance continues.

Steps to Generate PMT-06 Challan Online

1️⃣ Log in to the GST portal (www.gst.gov.in).
2️⃣ Navigate to ‘Services’ → ‘Payments’ → ‘Create Challan’.
3️⃣ Select PMT-06 and enter the amount based on FSM or SAM.
4️⃣ Choose the payment mode (Net banking, UPI, Credit/Debit card).
5️⃣ Download and keep a copy of the challan for records.

Stay Compliant – Get Expert Assistance!

GST compliance is essential to avoid penalties and maintain a smooth tax filing process. Ensure timely tax payments with professional guidance.

📞 Contact Us for GST Filing Assistance:
📱 +91 9600076134 / 6374812546
📧 auditsiva2@gmail.com
🌐 www.taxlaservices.com

#GST #PMT06 #TaxPayment #GSTUpdates #TaxlaServices



Comments

Post a Comment

Popular posts from this blog

UPI Transactions Are Now Under GST Radar—Stay Compliant with Taxla Services

Image
Digital payments have revolutionized the way businesses operate, with platforms like GPay, PhonePe, Paytm , and others offering convenience and efficiency. However, with this convenience comes the responsibility of tax compliance. Recently, a merchant in Tamil Nadu faced a tax notice after their UPI transactions crossed the GST threshold of ₹20 lakhs in a financial year. Why Are UPI Transactions Being Monitored? The GST Department is closely monitoring digital payment platforms to ensure businesses comply with tax regulations. Transactions conducted via UPI are no longer immune to scrutiny. If your business turnover exceeds ₹20 lakhs (or ₹10 lakhs for specific categories), GST registration is mandatory —regardless of the payment method used. What Does This Mean for You? Unregistered Businesses: If you’re operating without GST registration but your annual turnover exceeds the threshold, you could face penalties and notices. Digital Payment Records: All UPI transactions are recorded an...
Read more

Understanding AOC-4 XBRL Filing Requirements and Deadlines

Image
In compliance with the Companies Act, 2013, every company registered in India is required to file its financial statements with the Ministry of Corporate Affairs (MCA). One of the key forms for this purpose is AOC-4 XBRL . Filing this form is crucial to ensure corporate transparency and adherence to regulatory standards. In this blog, we'll cover everything you need to know about the AOC-4 XBRL filing requirements, its purpose, the deadline, and why it matters for your business. What is AOC-4 XBRL? AOC-4 XBRL is a form mandated by the MCA for filing financial statements of companies in a format that uses the eXtensible Business Reporting Language (XBRL). XBRL is a global standard for exchanging business information, allowing for efficient and accurate data collection, analysis, and comparison across companies. According to Section 137 of the Companies Act, 2013 , and Rule 12(2) of the Companies (Accounts) Rules, 2014 , certain categories of companies are required to submit their f...
Read more

GSTR-1 Filing Due Date for September 2024: Don’t Miss the Deadline!

Image
 As a business owner registered under GST, it’s crucial to stay on top of your tax filing dates. The due date for GSTR-1 filing for the month of September 2024 is 11th October 2024 . What is GSTR-1? GSTR-1 is a monthly or quarterly return that businesses must file, summarizing all the outward supplies (sales) made during the reporting period. The return contains details like: Invoice-level information of all sales Details of outward supplies made to both registered and unregistered customers Details of debit and credit notes issued during the period Who is required to file GSTR-1? The GSTR-1 return must be filed by every registered taxable person, except for: Input Service Distributors (ISDs) Composition scheme taxpayers Persons liable to deduct tax at source (TDS) Persons liable to collect tax at source (TCS) Key Details for September 2024 Filing: Due Date: 11th October 2024 Applicable for: Businesses with an annual turnover exceeding ₹5 crores or those who have opted out of th...
Read more