The Government of India has introduced a significant update for GST taxpayers through notification No. 12/2024 – Central Tax dated 10.07.2024. That allows taxpayers to add or amend supply details of the current tax period that were either missed out or wrongly reported. This can be done before filing the GSTR-3B return for the same period. Effective from August 2024, this advisory explains the features, benefits, and usage of FORM GSTR-1A.
Key Features of FORM GSTR-1A
- Optional Facility: FORM GSTR-1A is not mandatory. Taxpayers can choose to file it once for a particular tax period to correct or add supply details.
- Impact on Liability: Any changes made through will automatically reflect in the taxpayer’s FORM GSTR-3B for the same tax period.
- ITC Availability: The Input Tax Credit (ITC) for supplies declared or amended through FORM GSTR-1A. And this will available in FORM GSTR-2B generated for the next tax period.
Usage for Monthly Filers
For taxpayers filing FORM GSTR-1 on a monthly basis:
- Availability: FORM GSTR-1A will be available from the due date or the actual date of filing FORM GSTR-1, whichever is later, until the actual filing of the corresponding FORM GSTR-3B for the same tax period.
- Liability Impact: The net impact of the particulars declared or amended through FORM GSTR-1A will be auto-populated in FORM GSTR-3B for the same tax period.
Usage for Quarterly Filers (QRMP Scheme)
For taxpayers under the Quarterly Return Monthly Payment (QRMP) scheme:
- Availability: FORM GSTR-1A will be available quarterly after the actual filing of FORM GSTR-1 or the due date of filing FORM GSTR-1, whichever is later, until the actual filing of FORM GSTR-3B for the same tax period.
- Amendments: Supplies reported in FORM GSTR-1 for the current tax period, including those declared in the Invoice Furnishing Facility (IFF) for the first month (M1) and second month (M2) of a quarter, can be amended through the corresponding Quarterly GSTR-1A.
- Liability Impact: The net impact of particulars declared in GSTR-1A (Quarterly) will be auto-populated in FORM GSTR-3B (Quarterly) for the same tax period.
Special Note on GSTIN Amendments
In cases where a change in the GSTIN of a recipient is required for a supply reported in FORM GSTR-1 of a tax period, such corrections can only be made through FORM GSTR-1 for the subsequent tax period.
Conclusion
The introduction of FORM GSTR-1A offers a streamlined process for taxpayers to ensure accurate reporting of supplies and correct any discrepancies before filing their GSTR-3B returns. This optional facility is designed to enhance the accuracy and reliability of GST filings, providing a practical solution for managing amendments in supply details.
Please Refer attached link for more information : Advisory GSTR 1
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This article is only a knowledge-sharing initiative and is based on the Relevant Provisions as applicable and as per the information existing at the time of the preparation. In no event, RMPS & Co. or the Author or any other persons be liable for any direct and indirect result from this Article or any inadvertent omission of the provisions, update, etc if any.
