Invoice Furnishing Facility (IFF) Under GST: AN Overview


Invoice Furnishing Facility (IFF) Under GST: AN Overview


What is Invoice Furnishing Facility (IFF)?

IFF meaning is the Invoice Furnishing Facility under GST  that is a  facility for quarterly GSTR 1 filers who can upload their invoices every month via Invoice Furnishing Facility (IFF) in GST. It is based on rule 59(2) of CGST rules for the registered taxpayer with an annual aggregate turnover of up to 5 crores. With this facility, you can file and reconcile returns easily, and also transfer Input Tax Credit (ITC) to your buyers faster. Below mentioned points should be kept in mind as you go for IFF GST:

  • It’s an optional facility and its non usage would not invoke any late fee.
  • The invoices of the last month of the quarter must be uploaded in the GSTR1 return only.
  • In case it has been uploaded in the IFF, no need to upload invoices in GSTR1.
  • Rs 50 crore is the limit per month for the value of invoices that could be uploaded.
  • The details furnished in IFF would be shown in the GSTR 2A and GSTR 2B of the recipients.

Details to be Provided in IFF Under GST

You need to fill in the following details in the appropriate table while filing for an IFF GST:

  • Details about B2B transactions, including both goods and services in tables 4A, 4B, 4C, 6B, and 6C.
  • Any amendment details with respect to previous B2B supply details in table 9A.
  • Details about debit notes or credit notes issued to a registered taxable person are in table 9B.
  • Amendment details with respect to debit and credit notes in table GSTR 9C .

What is the due date for filing IFF? Can I file IFF after due date?

You can file GST for the current month within the 13th of the following month. For example, you can file GST for the month of October within the 13th of November. However, if you miss out on filing any invoice for a particular month, you can upload the same in the following month’s IFF or during the quarterly filing of the GSTR-1 form.

Is there any late fee applicable on late filing of IFF?

No, there will be no late fee applicable on late filing of IFF, as IFF is neither mandatory nor allowed to be filed after the due date.

What are the pre-requisites for filing IFF?

Pre-requisites for filing IFF are:

  1. The taxpayer must be a registered taxpayer who has opted for quarterly filing in the QRMP.
  2. The taxpayer must have opted out of composition scheme and simultaneously opted for quarterly filing in QRMP scheme.
  3. The taxpayer must have filed their latest applicable monthly/ quarterly return before opting in for QRMP Scheme on the Portal.
  4. The taxpayer must have a valid User ID and password.
  5. The taxpayer must have opted to file both Form GSTR-1 and Form GSTR-3B, on quarterly frequency.

How to submit and file IFF in GST portal?

To file IFF for the first two months of the quarter:

  • Log in to the GST portal.
  • Go to Services > Returns > Returns Dashboard.
  • In the File Returns page, choose the financial year and the return filing period (first or second month of the quarter) and click Search.
  • Choose the IFF option.
  • Choose Prepare online if you want to file via the GST portal, or choose Prepare offline if you want to use the Returns Offline Tool and upload the JSON files containing the required details.
  • Once you have provided the details, click Generate IFF summaryat the bottom of the page, and then click Submit. Once you have submitted this, you cannot delete the information you have provided.
  • If you wish to file Form GSTR-1, click File Returnto enter the details and choose either file with DSC (Digital Signature Certificate) or file with EVC (Electronic Verification Code).

Krishnakant Jakhotia
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