07 February 2021
Hello , Jan 2021 B2B sales is nil. But only B2C sales. In IFF no column is for B2C sales In credit ledger there is sufficient amount of ITC and no tax due. How to file IFF return. Is 35% tax deposit compulsory whereas in Dec Qr no tax deposited in cash. Valuable opinions are awaited.
07 February 2021
IFF is to use for only uploading B2B invoices upto 50 Lakh per month. you have to upload B2C in Quarterly GSTR01. 35% is advance tax it will be calculated on Quarterly liability of Q4 Jan'21 to Mar'21 in GSTR3B.
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