GSTR 1 & 3B FOR JAN 2021 NOT APPEARING IN GST PORTAL

The Invoice Furnishing Facility (IFF) is a facility where quarterly GSTR-1 filers can choose to upload their invoices every month. A quarterly GSTR-1 filer is a small taxpayer with a turnover of up to Rs.1.5 crore. One should keep the following points in mind before utilising the IFF:

• The IFF can be utilised only for the first two months of a quarter.
• The invoices relating to the last month of a quarter are to be uploaded in the GSTR-1 return only.
• There is no requirement to upload invoices in GSTR-1 if the same has been uploaded in the IFF.
• The total value of invoices that can be uploaded is restricted to Rs.50 lakh per month.
• The details submitted in IFF will be reflected in the GSTR-2A, GSTR-2B, GSTR-4A or GSTR-6A of the recipients as the case may be.
• The Invoice Furnishing Facility will come into effect from 01.01.2021.

Complete Details Here - https://www.yourprofit.in/learn/invoice-furnishing-facility-iff-complete-details/

HAI SUJEET, THANK YOU FOR THE REPLY. 

WE HAD BEEN TURNED TO  QRMP - QUARTERLY RETURN MONTHLY PAYMENT -  OPTION BY DEFAULT WITHOUT SEEKING OUR CONSENT. 

I  REQUEST TO CLOSE DISCUSSION ON THIS.

THANK YOU

IFF is a new facility for those taxpayers whose turnover is less than 1.5 crores