Hi
Some of our suppliers are complaining of not receiving ITC even though we have filed IFF1 for their invoice.
When does an invoice starts reflecting in GSTR 2A / 2B of the supplier? Is it as soon as we file IFF 1 or after we make the challan payment?
The IFF for a particular month must be filed on time; otherwise, it lapses and can only be filed late at the end of the quarter. While the buyer's 2A/2B statements reflect transactions in real-time, if you file the IFF late, the corresponding entries will appear in the next month's 2A/2B statements.
SMJ global advisors pvt ltd
New Delhi
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Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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