IFF UNDER QRMP SCHEME

  Invoice furnishing Facility (IFF) for Taxpayers under QRMP Scheme

An invoice furnishing facility has been introduced for the taxpayers who are opted for QRMP scheme or we can say that for the taxpayers who are now eligible to file their GST returns quarterly both GSTR 1 & 3B.

Filling of IFF is completely optional as for now for the taxpayers.

This IFF is same or equal to GSTR 1 only but the only difference is that GSTR 1 has been named as IFF for every first 2 months of each quarter. As we know that under QRMP scheme taxpayers will file their returns quarterly on every 3rd month of the quarter, therefore the dealers who are purchasing goods from the taxpayers opted for QRMP scheme will not be able to avail their ITC monthly as ITC can now only be claimed if it is shown in GSTR 2B.

So the main concept and purpose of converting GSTR 1 to IFF for the first two months of the quarter that are known as M1 & M2 for each quarter is that the details will be reflected in their dealers GSTR 2B monthly and they can avail there ITC monthly. And this is completely optional and if you do not file IFF for M1(first month of each quarter) & M2 (second month of each quarter) then there is no penalty or fine and you can completely skip filing of IFF and then you can file all your invoices once in the third month of the quarter under GSTR -1.

Under QRMP scheme terms used are explained below for better understanding:

• M1 - First month of every quarter is known as M1
• M2 - Second month of every quarter is known as M2
• IFF - GSTR 1 is named as IFF for first two months of every quarter for example: For the Quarter 1 month April & May will be shown as IFF and month June will be shown as GSTR-1.
• GSTR -1 - Every 3rd month of every Quarter.

GSTR 1 for the 3rd month of every quarter is mandatory to file.

The invoices that you have already filed in IFF need not to be filed again in GSTR 1, means GSTR 1 should only contain the invoices that were never uploaded to portal by you. If you are filling IFF for both the months then in GSTR 1 for the 3rd month you will file the invoices of 3rd month and the unfiled invoices of first 2 months. One invoice should not be filed twice both in IFF and GSTR 1.

Procedure of filing of IFF is very similar to GSTR 1 and only the difference will be that you will be allowed to file only 4 fields namely:

• B2B INVOICES (4A,4B,4C,6B,6C)
• CREDIT/DEBIT NOTES REGISTERED (9B)
• AMENDED B2B INVOICES (9A)
• AMENDED CREDIT DEBIT NOTES REGISTERED (9C)

Rest of the procedure is same as filing of GSTR 1.

Now very important point you should know that taxpayers who are doing business only of B2C will not have the facility to file IFF because B2C section is Business to Consumers and this are sales to unregistered persons and they do not want any claim of ITC. Therefore taxpayers who are doing B2B sales has to only file IFF and GSTR 1 is to be filed by both B2B and B2C.

Only B2B sales details are reflected in GSTR 2B and is eligible for claiming of ITC.

The option to upload the details in IFF can be availed till 13th of the subsequent month, means you can file IFF on or after 13th of the M1 & M2.

For example: Invoices of month of April (M1 of first Quarter) will be filed in IFF of April on or after 13th of May (M2 of first Quarter).

To file the IFF for M1 & M2 

1. Login to GST portal 
2. Go to return dashboard
3. File Returns
4. Select year and Month for filing of return
5. click on Search
6. A page willbe opened same as it used to open eariler and in the place of GSTR 1 it will be shown IFF (optional), preview shown below

IFF can also be filed offline using JSON file from your software's.

To edit or delete any Invoice uploaded saved in IFF can be done using RESET BUTTON and once the IFF is submitted or filed then you cannot make any changes to it and you cannot edit or delete any Invoice in that IFF, and if you want to edit any invoice then it can only be done in the subsequent month's IFF in Amendment section.

For QRMP scheme in detail visit : https://www.gst-return-filling.com/2020/12/qrmp scheme gst qrmp in gst qrmp scheme in hindi gstr-3b gst login iff scheme gst gstr 1 due date types of gst returns