The Goods and Service Tax Network (GSTN) has issued an advisory for the filing of GSTR – 1 Quarterly for the period from January to March 2021 under Quarterly Return Monthly Payment (QRMP) Scheme.
The taxpayers under the QRMP scheme have a facility to file Invoice Furnishing Facility (IFF) in the first two months of the quarter and file Form GSTR-1 in the third month of the quarter. As IFF is an optional facility it cannot be filed after the end date (13th of the month succeeding the IFF period). The document saved in IFF, where the taxpayer has not filed by the end date, cannot be filed anymore. Hence taxpayers are requested to declare such document in the GSTR-1 for the quarter. Hence, before the filing of GSTR-1 for the Jan-Mar-2021 quarter, the taxpayer must ensure that:
- Any saved but not Filed/Submitted IFF records for the first two months of the quarter i.e. month of Jan-2021 or Feb-2021 must be deleted using the RESET button before filing GSTR-1 for the Jan-Mar-2021 quarter. The deleted records should be added in GSTR-1 for the Jan-Mar-2021 quarter after deleting the saved records from IFF. In the future this may not be required 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 introduced shortly.
2. 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.