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Step-by-Step Process For Uploading Invoices Using the Invoice Furnishing Facility (IFF)
As it comes to full form, IFF meaning is Invoice Furnishing Facility is a facility given to quarterly taxpayers who are in QRMP scheme, to file their details of outward supplies in the first two months of the quarter (M1 and M2), to pass on the credit to their recipients.
What are the Steps to Make Tax Payments Under the QRMP Scheme
QRMP scheme under GST is Quarterly Return Monthly Payment, introduced by CBIC for the small scale business entities having an aggregate turnover of up to Rs.5 crore to file returns on a quarterly basis additionally to monthly tax payment. The taxpayer is required to file only 8 returns in a year compared to 16 returns earlier.
Read more : https://www.accoxi.com/blogs/what-are-the-steps-to-make-tax-payments-under-the-qrmp-scheme/
The IFF meaning in GST is Invoice Furnishing Facility under GST which allows quarterly GSTR-1 filers to upload their B2B invoices.
QRMP scheme under GST is introduced by the Central Board of Indirect Taxes & Customs (CBIC) to help small taxpayers whose turnover is less than 5 crores.
Read in detail about How to Generate Consolidated E-way Bills? Here explain the details of e way bill GST, e way bill rules, how to make e way bill, etc
GSTR 7 Format an Overview. Every registered taxable person who needed to deduct tax at source under GST needs to Submit GSTR-7 return.
Every registered taxpayer who is required to deduct tax at source under GST shall submit FORM GSTR-7. Read more here about GST TDS return, what is GSTR 7.
Read know more about How to Generate or Delete E- Way Bill in GST through SMS by Small taxpayers/suppliers/transporters. Learn about way to SMS sign in.
Read 21 offences and penalties under GST. There are strict provisions for penalty on late payment of GST, penalty for late filing of GST return.
A GST taxpayer who opt for GST Composition Scheme has to file form CMP-02. Read more to know how to file CMP-02, form gst cmp-02 and composition levy.
Find the details of form CMP-08 which is applicable to all composition dealers. Read in detail about how to file cmp 08, how to file cmp 08 in gst portal.
Here is the complete List of Items Exempted from E-Way Bill. Goods, Services & Transactions exempted from E way bill.
Ultimate guide on What is Electronic Ledger in GST. Read in Detail about electronic credit ledger, electronic cash ledger, Electronic Liability Ledger.
Get the complete details of the GST refund process, payment of GST here. The GST payment of taxes and Refund under GST claim would be completely online.
GSTR 2 contains the details of all transactions and purchases made by the registered person in a particular month. Read in detail about how to fill GSTR 2 Form.
Read in Detail about Transactions Treated as Supply under GST. Activities to be treated as Supply even if made without consideration under GST.
Each and every business in India needs to file GSTR 2 if they are registered in GST. Read in detail about what is gstr 2?, gstr 2 due date etc