How To File IFF GST Return (QRMP) | How To File IFF | QRMP Scheme

How To File IFF ( Invoice Furnishing Facility ) GST Return (QRMP) | How To File IFF | QRMP Scheme

What is the Invoice Furnishing Facility?

The Invoice Furnishing Facility (IFF) is a facility where quarterly GSTR-1 filers can choose to upload their Business-to-business (B2B) invoices every month, currently under the QRMP scheme only. It is governed by Rule 59(2) of the CGST Rules, available to regular taxpayers having an annual aggregate turnover of up to Rs.5 crore. One should keep the following points in mind before utilising the IFF:

The IFF is an optional facility. Non-usage will not attract any late fee.
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 per month is restricted to Rs.50 lakh.
The details submitted in IFF will be reflected in the GSTR-2A and GSTR-2B of the recipients.
The Invoice Furnishing Facility will come into effect from 01.01.2021 and the first cut-off date was 13th February 2021 for January 2021 (being the first month for the January-March 2021 quarter)



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