1 GST Return a Year: Does Your ₹5Cr Biz Qualify?

A new proposed GST scheme could let B2C businesses with turnover up to ₹5 crore file just one annual return and pay tax every quarter — slashing compliance work for small traders and shop owners.

Here's what happened: A new GST scheme called ARQP has been proposed, allowing B2C businesses with annual turnover up to ₹5 crore to file just one GST return per year.. Under the proposal, these businesses would still pay GST quarterly — so tax collection for the government remains on schedule even with less frequent filing.. The scheme targets businesses that sell only to end consumers, not to other GST-registered companies, reducing the invoice-matching burden significantly..

What you should do: Check your last year's GST turnover — if it's ₹5 crore or below and your customers are mostly end consumers, you could be eligible once ARQP is notified.. Ask your CA or tax consultant whether switching from QRMP to ARQP would reduce your compliance costs, especially if you're paying monthly CA retainers.. Avoid restructuring your business or splitting turnover just to qualify — GST authorities flag artificial splitting and it can attract scrutiny and penalties..

Even under ARQP, you must keep all purchase and sales records updated monthly — the annual return is filed in one shot but auditors can still demand month-wise data during scrutiny.

For readers weighing their credit and loan options, our personal loan guide and CIBIL score resources put this update in context.