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FAQ’s on IFF

1. What is Invoice Furnishing Facility (IFF)? Invoice Furnishing Facility (IFF) is a facility provided to quarterly taxpayers to file their details of outward supplies in first two months of the quarter (M1 and M2). The facility will be similar to FORM GSTR-1 but will allow filing for only following tables: 4A, 4B, 4C, 6B, […]

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Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme

An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. Taxpayers who have opted for quarterly filing frequency under the scheme can file their details of outward supplies (B2B invoices only) […]

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37K Taxpayers Generate 1680 Lacs e-invoices during last three months

e-invoicing is applicable for taxpayers having turnover above Rs 500 crores from 1st Oct 2020 and till date the systems is working without any challenges smoothly. A total of 1680 lac e-invoices were generated from 1st Oct 2020 to Dec 2020. which translates to more than 1200 e-invoices per minute…It is really a big technological […]

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Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A

1. Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices shall be auto-populated in respective tables of GSTR-1. Update on the status of such auto-population was last published on 30/11/2020. 2. For those taxpayers who had started e-invoicing from 1-10-2020, the […]

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GST Revenue collection for December 2020 recorded all-time high since the implementation of GST at ₹ 1,15,174 crore

The gross GST revenue collected in the month of December 2020 is ₹ 1,15,174 crore of which CGST is ₹ 21,365 crore, SGST is ₹ 27,804 crore, IGST is ₹ 57,426 crore (including ₹ 27,050 crore collected on import of goods) and Cess is ₹ 8,579 crore (including ₹ 971 crore collected on import of goods). The total number of GSTR-3B […]

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Demystifying 1% GST Liability Discharge in Cash

Availing input tax credit seamlessly is one of the major features of Goods and Service Tax. The recipient is entitled to take the input tax credit on goods or services on his inward supplies if the recipient is registered under GST and used for taxable supplies. In the recent past, we have seen many new […]

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e-invoice: Decision Flow Chart

Taxpayers having turnover above Rs 100 crores in any of the last three financial years have to issue IRN (Invoice Registration Number) from 1st Jan 2021. The flow chart helps the taxpayers to take a decision on how to implement the same.

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Frequently Asked Question on e-invoicing APIs

Q: Purpose of the API Ans: To get invoices uploaded in IRP and their status of auto population in GSTTR1. Even if you change any value in GSTR1 for auto populated invoice, this API will always return data uploaded in IRP. Q: If GET E Invoice API is used to pull the data from e […]

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Advisory on Auto population of details in Form GSTR-3B from Form GSTR 1 & 2B

System generated summary is a summary of FORM GSTR-3B which will be generated for every registered person based on the following: a. Liabilities in tables-3.1 & 3.2 of GSTR-3B, except Table-3.1 (d) pertaining to inward supplies liable to reverse charge, are computed on the basis of details of outward supplies as filed by you in […]

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e-invoicing: The Game Changer

The rollout of GST is a game-changer for the Indian Business as it brought in uniform taxation and standardization. As part of it now, now e-invoicing is being introduced and similar to rollout of e-invoice, it requires a change in business process and adoption of technology. For the above reasons only it is dubbed to […]

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