You may feel that it is a simple process to upload invoices onto the Invoice Furnishing Facility or IFF. But, in reality, it takes a lot of time and effort for tax professionals and businesses to segregate the B2B and non-B2B documents for this reporting, and later on to reconcile these while filing the quarterly GSTR-1 return.
If you have B2B invoices as a taxpayer opting into the Quarterly Return and Monthly Payment of taxes (QRMP) scheme, then here’s India’s best-in-class solution!
Team Clear offers a solution that helps you do all the tasks listed above. It also auto-calculates the tax payments in Form PMT-06. Overcome all the challenges you might face, using a single solution – Clear GST software!
Explore how to use the IFF facility on Clear GST software in this video.
To read more about Invoice Furnishing Facility, check out: [ Ссылка ]
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For easy and 3x faster filing of all GSTR-1 and GSTR-3B with 100% accuracy, try the Clear GST software: [ Ссылка ]
The ClearTax GST software will help businesses and tax professionals to achieve all their compliance goals effortlessly, thanks to a few unique features. You can-
🔹 Modify the QRMP profile for all your GSTINs in one go
🔹 Auto-prepare quarterly GSTR-1 and GSTR-3B from sales and purchases registers
🔹 Fetch turnover and filing frequency from the GST portal easily
🔹 Import B2B invoices or credit-debit notes into the IFF from the sales register
🔹 Automate challan creation, payment, and tracking of payment status
The video covers the following aspects:
0:00 Introduction
1:30 Overview of Invoice Furnishing Facility or IFF
2:40 A short story about Mohan struggling with IFF filing
6:20 Live demo of IFF filing on Clear GST begins
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