Limited Period Offer Avail 25% Off in CA Final and CA Inter and 40% in CA IPCC subjects.Coupon- CA25 & CCIIPCC40 Call: 088803-20003

CA Final Online Classes
Prodamy

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Invoice Furnishing Facility (IFF) under QRMP scheme of GST

CA POOJA KHATRI 
on 18 February 2021

LinkedIn


The Invoice Furnishing Facility (IFF) is an optional facility provided to the taxpayers under the QRMP Scheme (Quarterly Return and Monthly Payment Scheme which allows the taxpayers to file GSTR-3B on quarterly basis and pay tax on monthly basis).

Under IFF taxpayers may furnish their B2B (only) invoices for the FIRST and SECOND month of the quarter so that the ITC can be passed on to the recipients.

Suppliers can upload the details in the IFF Online tools OR through JSON file generated using Offline tools. The details uploaded will be reflected in the respective buyers' GSTR-2A AND GSTR-2B, as well as the quarterly GSTR-1 Return of the supplier himself.

Invoice Furnishing Facility (IFF) under QRMP scheme of GST

The invoices furnished under the IFF cannot be furnished again in the GSTR-1.

 

The last day for furnishing the invoices under IFF is 13th of the next month, For example,for the quarter APRIL-JUNE 2021, the B2B Invoices relating to the month of April can be furnished under IFF upto 13th May 2021.

Once submitted the B2B Invoices in IFF cannot be deleted using the RESET button.

 

Tags :



Category GST
Other Articles by -
CA POOJA KHATRI 

Report Abuse

LinkedIn



Comments



X

Do you have any Tax Queries

Submit