The Government, vide notification No. 12/2024 – Central Tax dated 10.07.2024, has introduced FORM GSTR-1A as an optional form/facility. This is provided to taxpayers to add or amend particulars of a supply of the current tax period, which was missed out or wrongly reported in FORM GSTR-1 of the said tax period, before filing the GSTR-3B return of the said tax period.
FORM GSTR-1A will be available to all taxpayers from August 2024, allowing amendments to details furnished in FORM GSTR-01 for July 2024. The salient features of FORM GSTR-1A are as follows:
- Optional Facility: FORM GSTR-1A is an optional facility that can be filed only once for a particular tax period.
- Effect on Liability: The corresponding effect of changes made through FORM GSTR-1A on the taxpayer’s liability shall be reflected in FORM GSTR-3B for the same tax period.
- Impact on Recipient: At the recipient’s end, the ITC for supplies declared or amended by the suppliers through FORM GSTR-1A will be available to the recipient in FORM GSTR-2B generated for the next tax period.
- Monthly Filers: a. FORM GSTR-1A will be available on the portal every month from the due date of filing of FORM GSTR-1 or the actual date of filing of FORM GSTR-1, whichever is later, and will be available until the actual filing of the corresponding FORM GSTR-3B of the same tax period. It is pertinent to reiterate that the taxpayer cannot file FORM GSTR-1 for a month until they file FORM GSTR-3B for the previous month. b. From the liability perspective, the net impact of particulars declared or amended through FORM GSTR-1A, along with the particulars declared in FORM GSTR-1, shall be auto-populated in FORM GSTR-3B for the same tax period as that of FORM GSTR-1.
- QRMP Taxpayers (Quarterly Filers): a. FORM GSTR-1A shall be available quarterly after the actual filing of FORM GSTR-1 (Quarterly) or the due date of filing of FORM GSTR-1 (Quarterly), whichever is later, and will be available until the actual filing of FORM GSTR-3B of the same tax period. b. The supplies reported in FORM GSTR-1 of the current tax period (including those declared in IFF for the first month (M1) and second month (M2) of a quarter, if any) can be amended through the corresponding Quarterly GSTR-1A. c. From the liability perspective, the net impact of particulars declared in GSTR-1A (Quarterly), along with particulars furnished in FORM GSTR-1 (Quarterly) (or through IFF of Month M1 and M2, if filed), shall be auto-populated in FORM GSTR-3B (Quarterly) of the same tax period. d. It is reiterated that there will be no separate amendment facility available for records furnished through IFF for the months M1 and M2 during the month M1 and M2.
- GSTIN Changes: In cases where a change is required to be made in the GSTIN of a recipient for a supply reported in FORM GSTR-1 of a tax period, the same can be rectified through FORM GSTR-1 for the subsequent tax period only.
Things to notice:
- In GSTR 1A corrections related to anything like Invoice value, Tax amount, Date, Invoice Number, if any supplies have been omitted in the original return, but GST number of the supplies cannot be corrected.
- As GSTR 1 shall be filed within 11th of each month and GSTR 2B will be generated by 14th, option for filing GSTR 1A will be activated in between this time period. After which, the option will be disabled for the applicable period and will be activated for the next period at the applicable period.
- This is an optional facility and there won’t be any late fees levied for it. The corrections filed here will be reflected in the forthcoming GSTR 2B.
Making corrections and filing GSTR-1A is a straightforward process, much like filing GSTR-1. If discrepancies are found between the outward supplies declared in GSTR-1 and the inward supplies claimed by the recipient in GSTR-2, GSTR-1A allows you to correct these errors. The process is user-friendly, with a similar interface to GSTR-1, making it easy to navigate and complete. This ensures accuracy in tax filings without unnecessary complications, allowing businesses to maintain compliance with minimal effort – JSPCO
