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[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 82 /2020 Central Tax New Delhi, the 10th November, 2020 G.S.R(E). - In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on recommendations of the Council, hereby makes the following
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FAQ :
The CBIC has amended Rule 59 of the Central Goods and Services Tax Rules, 2017, concerning the form and manner of furnishing details of outward supplies.
These amendments will come into force on the 1st day of January, 2021.
FORM GSTR-1 is used by registered persons to furnish details of outward supplies of goods or services or both, either monthly or quarterly.
The Invoice Furnishing Facility (IFF) allows registered persons furnishing quarterly returns to submit details of outward supplies for the first and second months of a quarter, up to a cumulative value of fifty lakh rupees in each month.
No, details of outward supplies furnished using the IFF for the first and second months of a quarter cannot be furnished again in FORM GSTR-1 for that quarter.
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