GSTR1A / New GST Return GSTR1A / Time limit to File GSTR1A / GSTR1A
Key Features
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.
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