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CMA Final · Indirect Tax Laws and Practice · Walkthrough of GSTN Portal

Under the Invoice Furnishing Facility (IFF) available on the GST portal to quarterly return filers under the QRMP scheme, which of the following is correct?

IFF lets a QRMP taxpayer upload details of B2B outward supplies in the first two months of a quarter, so that recipients see the invoices in their GSTR-2B and can claim input tax credit earlier. It is an outward-supply facility available to quarterly filers, not an inward-supply or tax-payment facility.

  1. AIFF allows a taxpayer to upload B2B outward supply invoices in the first two months of a quarter so that recipients can claim credit earlierCorrect
  2. BIFF allows the taxpayer to file GSTR-3B monthly without any tax payment
  3. CIFF is used to upload inward supplies to claim ITC in GSTR-2B
  4. DIFF is available only to taxpayers who have opted out of the QRMP scheme

Explanation

Under QRMP, a quarterly filer may use IFF in the first and second months of the quarter to furnish details of B2B supplies, so that recipients get ITC sooner. It concerns outward supplies, not inward supplies. It is meant for QRMP taxpayers, not those who opted out.

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