CBIC Clarifies Invoice Furnishing Facility for QRMP Scheme

Quick Summary

The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification regarding the Invoice Furnishing Facility (IFF) in connection with the QRMP Scheme. The IFF is an optional tool for suppliers and buyers, meaning taxpayers can choose to file their quarterly GSTR-1 without utilising the IFF if they prefer.

IFF is an optional facility to be used depending on the needs of the suppliers and their buyers. Taxpayers may file their GSTR-1 for the quarter without filing IFF.

CBIC issues clarification over Invoice Furnishing Facility with relation to the QRMP Scheme

FAQ :

The Invoice Furnishing Facility (IFF) is an optional facility available to taxpayers.

The IFF can be used by suppliers and buyers depending on their specific needs.

No, the IFF is an optional facility and taxpayers can choose to use it based on their requirements.

Yes, taxpayers may file their GSTR-1 for the quarter without filing the IFF.

The clarification from CBIC provides guidance on the use of the Invoice Furnishing Facility (IFF) in relation to the QRMP Scheme.

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