As per Notification No. 82/2020–Central Tax dated 10th November, 2020 amended Rule 59 of CGST Rules 2017.

Rule 59(2) is applicable on the registered persons who are required to furnish return of outward supplies of goods or services or both for every quarter under proviso to sub section (1) of section 39.

Important Points to be noted in Rule 59(2):

1. This Rule applicable to the Registered persons who are required to furnish return of outward supplies of goods or services or both for every quarter. That means who are required to Form IFF for first two months of a quarter.
2. Outward supplies of goods or services or both shall be to a registered person as IFF can filed only for B2B Supplies.
3. As per this Rule cumulative value of Outward Supply of fifty lakh rupees only in each of the months can be filed in the IFF.
4. If value of outward supply in particular month (First two months of quarter) is more than Fifty Lakh Rupees, taxpayer shall report them in subsequent IFF or GSTR-1.