GSTR-1/IFF (Invoice Furnishing Facility)

What is GSTR-1/IFF?

GSTR -1 is return which contains details sales, credit note, debit note, export, deemed export etc. GSTR -1 merely contains details of these transactions. Tax liability is not discharged while filing GSTR-1. Tax liability is discharged while filing GSTR-3B.

The Invoice Furnishing Facility (IFF) is a facility where quarterly GSTR-1 filers can Upload their Business-to-business (B2B) invoices in their IFF Return.

Who have to file GSTR-1/IFF?

Every registered person under GST has to file GSTR-1 either monthly or quarterly, as applicable to them, except

1. Input Service Distributor
2. Non-resident taxable person
3. Composition taxable person
4. Person paying TDS u/s 51
5. Person paying TCS u/s 52

IFF is an optional facility provided to quarterly taxpayers only. If IFF is in Submitted status, then filing of IFF is mandatory. In case, submitted IFF is not filed then taxpayer cannot file their Form GSTR-1 for the quarter.

Periodicity of GSTR-1

Originally GSTR-1 was to be filed monthly by every registered person. But thereafter government, to make compliance easy, gave an option of quarterly filing of GSTR-1 by registered person having turnover of less than 5 crores in a financial year and who has opted for QRMP i.e Quarterly Return Monthly Payment Scheme. It is to be noted that quarterly filing is optional for person. If a taxpayer is having turnover of less than 5 Crores and he wishes to file monthly GSTR-1, he may do so.

So the periodicity of filing of GSTR -1 is as follows:

1. If a person is having turnover of less than 5 crores, he may opt for monthly filing of IFF and quarterly filingof GSTR-1.
2. If a person is having turnover of more than 5 crores, he will have to file monthly GSTR-1.

Due Date of GSTR-1

Taxpayer having Annual Turnover up to Rs 5 crore  and who has opted for QRMP shall file GSTR 1 quarterly.

Quarter	Due date
Jan-Mar 2021	30th April 2020
Apr-Jun 2021	31st July 2020
Jul-Sept 2020	31st Oct 2020

Taxpyer having Annual Turnover of 5 crores must file monthly GSTR-1.

Period	Due Date
April 2021	26th May 2021
May 2021	26th June 2021
June 2021	11th July 2021

Late Fees

Late Fees for not filing GSTR-1 is Rs. 50 per day of delay (Rs. 25 CGST + Rs. 25 SGST.) subject to maximum of Rs 10000 (5000 CGST + 5000 SGST).

In case of NIL GSTR-1, the late fees shall be  Rs 20 per day (10 CGST +10 SGST). subject to maximum of Rs 10000 (5000 CGST + 5000 SGST).

Amendment in GSTR-1/IFF

Details uploaded in GSTR-1 can be amended in subsequent GSTR-1. However no amendment can be made after Date of filing annual return for that FY or Date of filing return u/s 39 i.e. GSTR-3B for the month of September following the end of financial year to which supply pertains.

Example: Details of March 2021 cannot be amended after date of filing GSTR-9 for FY 2020-21 or Date of filing GSTR-3B of September 2021, whichever is earlier.

Amendments not allowed

1. With respect to converting Tax invoice into Bill of supply
2. With respect to Place of Supply
3. With respect to Credit Note/ Debit Note
   • GSTIN of recipient
   • Place of supply
4. With respect to Export
   • Shipping Bill Date
   • Type of export – With payment / Without payment

Frequently Asked Questions

Q. Is NIL GSTR-1 filing mandatory? A. GSTR-1 needs to be filed even if there is no business activity (Nil Return) in the tax period.

Q. What are the available modes of preparing GSTR-1? A. GSTR-1 can be prepared using the following modes through:1. Online entry on the GST Portal.2. Uploading of invoice and other GSTR-1 data using Returns Offline Tool.3. Using third party application of Application Software Provider (ASPs) through GST Suvidha Providers (GSPs).

Q. Is HSN summary mandatorily required to be shown in GSTR-1? A. Yes. 4 Digits HSN/SAC Code are required to be shown if Turnover is upto 5 Crores in preceing Financial year. 6 Digits HSN/SAC Code are required to be shown if Turnover is more than 5 Crores.