Lila (Job) (512 Points)
19 June 2024Hi
Some of our suppliers are complaining of not receiving ITC even though we have filed IFF1 for their invoice.
When does an invoice starts reflecting in GSTR 2A / 2B of the supplier? Is it as soon as we file IFF 1 or after we make the challan payment?
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 19 June 2024
The IFF for a particular month must be filed on time; otherwise, it lapses and can only be filed late at the end of the quarter. While the buyer's 2A/2B statements reflect transactions in real-time, if you file the IFF late, the corresponding entries will appear in the next month's 2A/2B statements.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 19 June 2024
CAclubindia
