IFF -GST Returns, Goods and Services Tax - GST

[vignesh VSACCOUNTOPRIVATELIMITED]

sir iam getting a message while trying to file IFF returns. "As per Rule 59(2) of CGST Rules, 2017, the cumulative value of all records reported in this IFF should be within ₹ 50 Lakh. You are requested to remove few records from this IFF and report them in subsequent IFF or GSTR-1 and then try filing again. How to rectify this type of error" so if i remove few invoices can i add to march month? Is there any ceiling for march month too!

Posts / Replies

[Ganeshan Kalyani]

Sir, IFF is only to be used for first two months of a quarter. And for the third month, GSTR-1 to be used to report all the invoices that was not furnished in IFF.

[KASTURI SETHI]

Sh. Ganeshan Kalyani Ji,

Thank you very much for enrichment of my knowledge. I was not aware of this procedure.

[Krishna Murthy]

Aggregate value of b2b invoices to an amount up to ₹ 50 lakhs only can be uploaded in one month IFF. If b2b invoices are in excess to this amount then you need to upload the same in subsequent month. If not possible in subsequent month as well due to exceeding ₹ 50 Lakhs in aggregate, then you can upload the same in quarterly GSTR 1. But only to the extent uploaded your buyer would be eligible for ITC. If you want to upload all the invoices then you need to opt out of IFF, which can be done in the beginning of next quarter.

[KASTURI SETHI]

Sh.Krishna Murthy Ji,

Thanks a lot for updation. Pl.continue your contribution for enrichment of knowledge of all visitors of this forum.

[nilesh lunagariya]

same problem getting me how to file GSTR- 1