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Issue ID: 117073
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IFF -GST Returns

Date 08 Mar 2021
Replies 5 Replies
Views 4476 Views
Asked by
Invoice Furnishing Facility limits require excess B2B invoices to be shifted to subsequent filings or reported in GSTR 1.
The document explains that the Invoice Furnishing Facility (IFF) is available only in the first two months of a quarter and that invoices not furnished there must be reported in the third month GSTR 1. A statutory aggregate value cap limits the invoices that can be uploaded in a single month IFF; excess invoices must be reported in subsequent months or in the quarterly GSTR 1. Only invoices actually uploaded will permit the buyer's input tax credit. Taxpayers who wish to report all invoices through regular GSTR 1 can opt out of IFF at the beginning of the next quarter. (AI Summary)

sir iam getting a message while trying to file IFF returns. "As per Rule 59(2) of CGST Rules, 2017, the cumulative value of all records reported in this IFF should be within ₹ 50 Lakh. You are requested to remove few records from this IFF and report them in subsequent IFF or GSTR-1 and then try filing again. How to rectify this type of error" so if i remove few invoices can i add to march month? Is there any ceiling for march month too!

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