Invoice Furnishing Facility enables monthly supplier data to feed an auto-drafted ITC statement guiding input tax credit in returns. Rules require suppliers to furnish outward supply details in FORM GSTR-1 or via an Invoice Furnishing Facility (IFF) for the first two months of a quarter; supplier filings and import data are auto-populated into Part A-D of FORM GSTR-2A and into a monthly auto-drafted FORM GSTR-2B. FORM GSTR-2B is a static monthly ITC statement aggregating supplier GSTR-1, GSTR-5, GSTR-6 and ICEGATE data, indicating credit that may be availed or must be reversed and guiding taxpayers to reconcile and claim ITC in FORM GSTR-3B.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Invoice Furnishing Facility enables monthly supplier data to feed an auto-drafted ITC statement guiding input tax credit in returns.
Rules require suppliers to furnish outward supply details in FORM GSTR-1 or via an Invoice Furnishing Facility (IFF) for the first two months of a quarter; supplier filings and import data are auto-populated into Part A-D of FORM GSTR-2A and into a monthly auto-drafted FORM GSTR-2B. FORM GSTR-2B is a static monthly ITC statement aggregating supplier GSTR-1, GSTR-5, GSTR-6 and ICEGATE data, indicating credit that may be availed or must be reversed and guiding taxpayers to reconcile and claim ITC in FORM GSTR-3B.
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