{"id":24159,"date":"2021-01-14T15:07:40","date_gmt":"2021-01-14T09:37:40","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=24159"},"modified":"2021-01-15T11:39:49","modified_gmt":"2021-01-15T06:09:49","slug":"invoice-furnishing-facility-iff-functionality-available-on-gst-portal","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/invoice-furnishing-facility-iff-functionality-available-on-gst-portal\/","title":{"rendered":"All About the Invoice Furnishing Facility (IFF) Functionality Available on GST Portal"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The Goods and Service Tax Network has provided the functionality of the new invoice furnishing facility on the GST Portal. The invoice furnishing facility is a facility where quarterly GSTR-1 filers can choose to upload their challan every month. The quarterly GSTR-1 filer is a small taxpayer with a turnover of Rs. 1.5 crore.<\/p>\n\n\n\n<p>As per Rule 59 of the CGST\nAct, a nominee is required to provide information to the person opting for the\npolicy of outward supply for the Form GSTR-1 quarter. An individual has the\noption to enter the outward supply information through the invoice submission\nfacility (IFF) for any registered person for the first and second quarter\nmonths. He may consider it mandatory for the first day of the following month\nuntil the 13th day of the following months.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/invoice-furnishing-facility-iff-functionality-available-on-gst-portal\/#Invoice_Furnishing_Facility_Available_on_GST_Portal\" >Invoice Furnishing Facility\nAvailable on GST Portal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/invoice-furnishing-facility-iff-functionality-available-on-gst-portal\/#Who_can_use_the_Invoice_Furnishing_Facility_on_GST_Portal\" >Who can use the Invoice Furnishing Facility on GST Portal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/invoice-furnishing-facility-iff-functionality-available-on-gst-portal\/#Purpose_of_the_Invoice_Furnishing_Facility_on_GST_Portal\" >Purpose of the Invoice Furnishing Facility on GST Portal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/invoice-furnishing-facility-iff-functionality-available-on-gst-portal\/#Particulars_are_to_be_Submitted_in_the_IFF_on_GST_Portal\" >Particulars are to be Submitted in the IFF on GST Portal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/invoice-furnishing-facility-iff-functionality-available-on-gst-portal\/#How_to_use_the_Invoice_Furnishing_Facility_on_GST_Portal\" >How to use the Invoice Furnishing Facility on GST Portal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/invoice-furnishing-facility-iff-functionality-available-on-gst-portal\/#Benefits_of_Using_the_Invoice_Furnishing_Facility_on_GST_Portal\" >Benefits of Using the Invoice Furnishing Facility on GST Portal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/invoice-furnishing-facility-iff-functionality-available-on-gst-portal\/#Latest_Amendments\" >Latest Amendments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/invoice-furnishing-facility-iff-functionality-available-on-gst-portal\/#Concluding_Remarks\" >Concluding Remarks<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Invoice_Furnishing_Facility_Available_on_GST_Portal\"><\/span>Invoice Furnishing Facility\nAvailable on GST Portal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The below mentioned points should be fulfilled prior filing Invoice Furnishing Facility.<\/em><\/strong><\/p>\n\n\n\n<ul><li>The IFF can only be used for the first two months of the quarter.<\/li><li>Challans related to the last month of the quarter are to be uploaded in GSTR-1 return only.<\/li><li>If the challan is uploaded in the&nbsp; IFF then there is no need to upload challan in GSTR-1<\/li><li>The total value of the invoices to be uploaded is limited to Rs 50 lakhs per month.<\/li><li>The details presented in the IFF will be reflected as GSTR-2A, GSTR-2B, GSTR-4A or GSTR-6A recipients.<\/li><li>IFF came into effect from 01.01.2021 on GST portal<\/li><\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/gst-updates-2021\/\">Key Highlights of GST Updates 2021<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_use_the_Invoice_Furnishing_Facility_on_GST_Portal\"><\/span>Who can use the Invoice Furnishing Facility on GST Portal?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Small taxpayers who file their GSTR-1 returns quarterly can use the\nIFF. It is necessary to note that if a taxpayer chooses not to upload the\nchallan details through the IFF; taxpayer will have to upload all the challan\ndetails for the three months of the quarter in the GSTR-1 return.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Purpose_of_the_Invoice_Furnishing_Facility_on_GST_Portal\"><\/span>Purpose of the Invoice Furnishing Facility on GST Portal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Taxpayers whose total income is less than Rs 1.5 crore in the last\nfinancial year can file their GSTR-1 every quarter. It is permissible to\ncurtail the compliance burden on small taxpayers. Still, this starts problems\nfor taxpayers who make purchases from small taxpayers in claiming input tax credit.\nAccordingly, the IFF has been introduced to overcome these difficulties and\nhelp small taxpayers claim ITC.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Particulars_are_to_be_Submitted_in_the_IFF_on_GST_Portal\"><\/span>Particulars are to be Submitted in the IFF on GST Portal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em><strong>The below discussed details are needed to be submitted by small taxpayers if they choose for IFF, those are as follows:-<\/strong><\/em><\/p>\n\n\n\n<ul><li>B2B Challan details of sale\ntransactions <\/li><li>Credit &amp; Debit notes of the\nB2B challan authorized during the month.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_use_the_Invoice_Furnishing_Facility_on_GST_Portal\"><\/span>How to use the Invoice Furnishing Facility on GST Portal?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As IFF is optional for Quarterly GSTR-1 filers, the GST portal may\nprovide a time to choose for the same. Once the small taxpayers choose for it,\nthe GST portal will provide this facility to these quarterly taxpayers for the\nfirst two months of the quarter. The challan should be uploaded to the IFF in\nthe first 13th month.<\/p>\n\n\n\n<p>As of now, the format of the Invoice Furnishing Facility has not yet\nbeen announced, and we can expect a notification for the format of invoice\nuploading as early as possible. There has been no certainity as to whether an\noffline device will be provided.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Using_the_Invoice_Furnishing_Facility_on_GST_Portal\"><\/span>Benefits of Using the Invoice Furnishing Facility on GST Portal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em><strong>The listed below are the advantages of availing the IFF.<\/strong><\/em><\/p>\n\n\n\n<ul><li>Buyers of small taxpayer goods can <strong><em>claim ITC<\/em><\/strong> every month<\/li><li>This permits the monthly <strong><em>reconciliation of data<\/em><\/strong> and prepares <a href=\"https:\/\/corpbiz.io\/gst-return-filing\"><strong>GST return filing<\/strong><\/a><strong> easier<\/strong>.<\/li><li>Small taxpayers can <strong><em>enhance their business<\/em><\/strong> by giving faster ITC claims.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Amendments\"><\/span>Latest Amendments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/Latest-Amendments.png\" alt=\"Latest Amendments\" class=\"wp-image-24162\" width=\"400\" height=\"405\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/Latest-Amendments.png 985w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/Latest-Amendments-296x300.png 296w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/Latest-Amendments-768x778.png 768w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/figure><\/div>\n\n\n\n<p><em><strong>The following are the latest amendments, which are as follows:-<\/strong><\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">&nbsp;Rule 21 Amended<\/h3>\n\n\n\n<p>GSTIN can be cancelled if the outward supply stated in Form GSTR-1\nexceeds the tax period stated in GSTR-3B<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Rule 21A (2A) Inserted<\/h3>\n\n\n\n<p>If there are significant differences in the inward supply between\nGSTR-3B &amp; 1, or GSTR-3B &amp; 2B in violation of the Act\/Rules, the tax\npayer&#8217;s GSTIN may be suspended.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">&nbsp;Rule 59(5) Inserted<\/h3>\n\n\n\n<p><em><strong>GSTR-1 cannot be filed for current tax period or if IFF cannot be used:<\/strong><\/em><\/p>\n\n\n\n<ol><li>In the case of GSTR-3B monthly\nGSTR-1 filers were not filed for the preceding two months<\/li><li>The GSTR-3B quarterly was not\nfiled for the last tax period in the case of GSTR-1 taxpayers or if where Rule\n86B has been disobeyed.<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Rule 138E Amended<\/h3>\n\n\n\n<p>If the <a href=\"https:\/\/corpbiz.io\/gst-registration\"><strong>GST registration<\/strong><\/a> is suspended on the account of the taxpayer due to cancellation under sub-rule (2) of Rule 21A or due to significant difference \/ discrepancies between GSTR-3B and 1, the e-way bill is not generated. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concluding_Remarks\"><\/span>Concluding Remarks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This is a good step for both small taxpayers and buyers to help small <em><strong>taxpayers<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Taxpayer\"><em><strong>[1]<\/strong><\/em><\/a><\/sup>. IFF will indirectly assist small taxpayers in developing &nbsp;their business by giving ITC claims to their buyers. However, this will increase compliance costs for them.<\/p>\n\n\n\n<p>Therefore, one has to make a comparison between the leverage for the IFF and the price involved. Opting for this feature is useful if a small taxpayer picks up more extensive versions of B2B invoices than B2C invoices in a quarter. Kindly associate with the <a href=\"https:\/\/corpbiz.io\/\"><strong>Corpbiz<\/strong><\/a> expert to know more about Invoice Furnishing Facility (IFF) functionality available on GST Portal.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/online-gst-return-filing-procedure-types-due-date-and-penalty\/\">GST Return Filing Procedure \u2013 Types of GST Returns, Due Date and Penalty<\/a><\/mark><\/p>\n\n\n<a href=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/notfctn-01-central-tax-english-2021.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">notfctn-01-central-tax-english-2021<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Goods and Service Tax Network has provided the functionality of the new invoice furnishing facility on the GST Portal. The invoice furnishing facility is a facility where quarterly GSTR-1 filers can choose to upload their challan every month. The quarterly GSTR-1 filer is a small taxpayer with a turnover of Rs. 1.5 crore. As [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":24163,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16,153],"tags":[1428],"acf":{"service_id":"104"},"authorName":"Komal Singh","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/processed.jpeg","authorDescription":"Komal Singh is a Legal scholar, having diverse experience in scripting research papers, articles &amp; dissertations, which serves her main interest &amp; competent in drafting legal documents. She has polished her skills in dealing with the matter related to consumer affairs and now building intelligible Legal Content for Corpbiz.","postViews":5352,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/24159"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=24159"}],"version-history":[{"count":11,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/24159\/revisions"}],"predecessor-version":[{"id":24205,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/24159\/revisions\/24205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/24163"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=24159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=24159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=24159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}