GSTR-1A going to be Live on GST Portal in August 2024 | GST Portal New Advisory

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:

1. Optional Facility: FORM GSTR-1A is an optional facility that can be filed only once for a particular tax period.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.

Thanks,
Team GSTN

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