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GSTR 1 & 3B FOR JAN 2021 NOT APPEARING IN GST PORTAL

05 February 2021

TILL TODAY 05.02.2021, AFTER LOGIN OF GST PORTAL DASHBORD FOR FILING JAN 2021 RETURNS, THE GSTR 1 AND GSTR 3B NOT SEEN. INSTEAD A NEW TAB "DETAILS OF OUTWARD SUPPLIES OF GOODS OR SERVICES - INVOICE FURNISHING FACILITY" IS SEEN IN PALACE OF GSTR 1. WHETHER FILING OF GSTR 1 IS STOPPED OR NOT?

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3 Replies

Sujeet Kumar Jha (Accountant) (33 Points)
Replied 06 February 2021

The Invoice Furnishing Facility (IFF) is a facility where quarterly GSTR-1 filers can choose to upload their invoices every month. A quarterly GSTR-1 filer is a small taxpayer with a turnover of up to Rs.1.5 crore. One should keep the following points in mind before utilising the IFF:

The IFF can be utilised only for the first two months of a quarter.
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 is restricted to Rs.50 lakh per month.
The details submitted in IFF will be reflected in the GSTR-2A, GSTR-2B, GSTR-4A or GSTR-6A of the recipients as the case may be.
The Invoice Furnishing Facility will come into effect from 01.01.2021.

Complete Details Here - https://www.yourprofit.in/learn/invoice-furnishing-facility-iff-complete-details/