GSTR-1A Overview: GSTR-1A is an additional form under GST,
which allows taxpayers to rectify or amend the details of outward supplies that
were either missed or incorrectly reported in GSTR-1. It is an optional form
that can be utilized without incurring late fees.
Key Features of GSTR-1A:
·
Correction Facility: GSTR-1A provides
taxpayers with the facility to correct any discrepancies in the details of
outward supplies reported in GSTR-1 of the current tax period. This includes
adding any missed information or amending already declared details.
·
Availability Period: This form becomes
available on the GST portal after the due date of filing GSTR-1 or the actual
filing date of GSTR-1, whichever is later, until the filing of the
corresponding GSTR-3B for the same tax period. For quarterly taxpayers, GSTR-1A
can be accessed quarterly following the same timeline.
·
Integration with
GSTR-3B: The details submitted in GSTR-1A, along with those in GSTR-1,
are automatically reflected in the corresponding GSTR-3B for that period. This
ensures that all amendments and additions are accounted for in the tax returns.
·
Restriction on
Amendments: GSTR-1A does not allow the amendment of documents related to
changes in the recipient's GSTIN.
Impact on GSTR-2B: The GSTR-2B of the recipient will include all
the supplies declared or amended in GSTR-1A by the supplier. However, these
changes will only appear in the subsequent open GSTR-2B.
Instructions for Filing GSTR-1A:
·
Form Accessibility: The form is accessible on the GST portal
after the due date or actual filing of GSTR-1 until the filing of the
corresponding GSTR-3B.
·
Declaration and Amendments: Taxpayers can declare additional
details for the current tax period or amend the already declared particulars in
GSTR-1. This facility extends to IFF (Invoice Furnishing Facility) for the
first two months of a quarter for quarterly taxpayers.
·
Exclusion of GSTIN Amendments: Any amendment related to changes
in the recipient's GSTIN is not permitted in GSTR-1A.
·
Reflection in GSTR-2B: The recipient's GSTR-2B will include
supplies declared in GSTR-1A. For instance, if a supplier declares an invoice
missed in GSTR-1 via GSTR-1A, the recipient's GSTR-2B will be updated in the
next available period.
Examples:
If a supplier issues
two invoices (INV1 and INV2) in January and reports only INV1 in GSTR-1 by 8th
February, but later includes INV2 in GSTR-1A on 15th February, INV1 will be
reflected in the recipient's GSTR-2B for January (available on 14th February)
and INV2 in the GSTR-2B for February (available on 14th March).
By providing a
structured process for amendments, GSTR-1A enhances the accuracy of tax
reporting and ensures that all outward supplies are correctly accounted for in
the GST returns.
Conclusion:
GSTR-1A is a crucial
form for taxpayers to ensure the accuracy and completeness of their outward
supply details. Its integration with GSTR-3B and GSTR-2B helps maintain the
consistency and correctness of GST returns, thus supporting compliance and
reducing discrepancies.
Disclaimer: All the Information is based on the notification, circular
and order issued by the Govt. authority and judgement delivered by the
court or the authority information is strictly for educational purposes and on the
basis of our best understanding of laws & not binding on anyone.
