GST Due Date Reminder- Invoice Furnishing Facility (IFF) for February 2025

The Goods and Services Tax (GST) compliance process is crucial for businesses to avoid penalties and ensure smooth financial operations. One of the essential aspects of GST filing is the Invoice Furnishing Facility (IFF) for small taxpayers opting for the Quarterly Return Filing and Monthly Payment (QRMP) scheme.

The due date for furnishing IFF for February 2025 is 13th March 2025. Mark your calendars and submit your invoices on time! ✅

What is the Invoice Furnishing Facility (IFF)?

The Invoice Furnishing Facility (IFF) is a provision under the QRMP scheme that allows small businesses (with turnover up to ₹5 crore) to furnish invoice details for outward supplies on a monthly basis instead of waiting until the end of the quarter.

Who Can Use IFF?

🔹 Businesses registered under the QRMP scheme.
🔹 Taxpayers who need to pass input tax credit (ITC) to their buyers early.
🔹 Those who want to ease tax compliance and reduce the burden of quarterly filings.

Who Cannot Use IFF?

🔸 Taxpayers who are not under the QRMP scheme.
🔸 Businesses opting for monthly GSTR-1 filing instead.
🔸 If there are no B2B sales invoices to report, IFF is not required.

Why is IFF Important?

✅ Helps buyers claim ITC faster – B2B invoices get reflected in buyers' GSTR-2A/2B, allowing them to avail input tax credit promptly.
✅ Avoids Last-Minute Filing Burden – Businesses don’t have to wait until the quarter-end to furnish invoice details.
✅ Reduces Cash Flow Issues – Buyers can claim ITC sooner, improving business transactions.
✅ Ensures Compliance – Filing invoices on time helps avoid penalties and errors in tax reporting.

Key Guidelines for IFF Filing

🔹 IFF is optional – If not filed, invoices can still be furnished in quarterly GSTR-1.
🔹 Only B2B invoices need to be reported in IFF.
🔹 No need to report B2C invoices – These can be included in the quarterly GSTR-1.
🔹 Once submitted, IFF data cannot be revised, so ensure accuracy before filing.

How to File IFF for February 2025?

Filing IFF is simple and can be done through the GST portal in a few steps:

1️⃣ Login to the GST portal www.gst.gov.in
2️⃣ Navigate to Returns Dashboard > Select the applicable tax period
3️⃣ Click on Invoice Furnishing Facility (IFF)
4️⃣ Enter B2B invoice details and verify the data
5️⃣ Click Submit & File using DSC or EVC

💡 Note: There is no late fee for not filing IFF, but missing it means invoices will only be recorded in the quarterly GSTR-1.

Stay GST Compliant – Let Taxla Services Assist You!

Filing GST returns accurately and on time is essential to avoid penalties and ensure smooth tax compliance. At Taxla Services, we provide professional GST filing assistance, ensuring error-free submissions and maximum tax benefits.

📞 Contact Us Today!
📱 +91 9600076134 / 6374812546
📧 auditsiva2@gmail.com
🌐 www.taxlaservices.com

📍 Visit Us:
Taxla Services – Income Tax Practitioners
19, SBI Colony 3rd Street, Saligramam, Chennai - 600093

#GSTDueDate #IFF #GSTR1 #TaxFiling #StayCompliant #TaxlaServices #FinanceMatters



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