ALL >> Business >> View Article
Government Authorizes Further Operational Flexibility To Gst Filers

The central government has announced further flexibility to tax filers operating under the Quarterly Return Filing and Monthly Payment of QRMP) scheme of GST. In this article, we will talk with the Government to allow further operational flexibility.
Notification on Government allows further operational flexibility
The government has facilitated further flexibility to tax filers operating under the Quarterly Return Filing and Monthly Payment of QRMP) scheme of GST.
These tax filers will now be approved to announce invoices relating to the movement of goods and services in their quarterly GST Return Filing from GSTR 1 to be filed in the last month of each quarter.
Further, as per an advisory circulated by the Goods and Services Tax Network (GSTN), the taxpayer must assure that any saved but not Filed/Submitted IFF (Invoice Furnishing Facility) records for the first two months of the quarter
The advisory improved that the deleted documents should be added in GSTR-1 for the Jan-Mar-2021 quarter after deleting ...
... the saved records from IFF. In future this may not be obliged as invoices already saved in any of the months on the quarter may be either deleted/moved to quarterly GSTR-1 by functionality to be established quickly.
Additional Notification by Central Government
The advisory also confided that any submitted but not filed IFF for the month of Jan-2021 or Feb-2021 must be filed before filing GSTR-1 for the Jan-Mar-2021 quarter. The advisory has been circulated for filing quarterly GSTR-1 for January - March 2021 under the QRMP scheme.
The taxpayers under the QRMP scheme have the capability to file an Invoice furnishing Facility (IFF) in the first two months of the quarter and file Form GSTR-1 in the third month of the quarter.
Know more about Government authorizes further operational flexibility to GST filers.
Add Comment
Business Articles
1. Lucintel Forecasts The Global Wall-mounted Ac Ev Charger Market To Grow With A Cagr Of 22.4% From 2025 To 2031Author: Lucintel LLC
2. Technology Landscape, Trends And Opportunities In Global 3d Printing Photopolymer Market
Author: Lucintel LLC
3. Lucintel Forecasts The Global Smart Home Market To Reach $372 Billion By 2030
Author: Lucintel LLC
4. Second Marriage Matrimonial – Verified Matches & Free Registration
Author: Truelymarry
5. Core: Leading The Way In Managed It Services For Businesses Across London
Author: IT Management
6. The Role And Function Of A Collection Agency
Author: Bennett Carter
7. Understanding Debt Collection Agencies: What They Do And How They Affect Consumers
Author: Bennett Carter
8. How To Use An Smm Panel Effectively For Fast Social Media Growth
Author: Smm Panel
9. Essential Tips For Beginners And The Power Of Professional Editing
Author: Sam
10. How To Improve Field Staff Efficiency With Geolocation Tools
Author: TrackHr App
11. Building An Effective Energy Management System
Author: Jane
12. Internal Auditor Training: The Key To Effective Risk Management And Compliance
Author: Sqccertification
13. Why Accurate Accounting In Property Management Is The Key To Higher Roi
Author: Harsh Vardhan
14. Kaal Sarp Puja In Trimbakeshwar – Benefits, Process & Trusted Pandit Contact
Author: Pandit Milind Guruji
15. Data Entry Vs. Data Processing: What’s The Difference And Why It Matters
Author: Allianze BPO