TaxTMI 
TaxTMI 
Advisory for FORM GSTR-1A
X X X X Extracts X X X X
X X X X Extracts X X X X
....dvisory for FORM GSTR-1A <br>GST<br>Dated:- 27-7-2024<br><BR>FORM GSTR-1A 1. The Government vide notification No. 12/2024 - Central Tax dated 10.07.2024, has introduced FORM GSTR-1A which is an optional Form/ facility. This has been provided to the taxpayers to add or amend particulars of a supply of the current tax period, which was missed out or was wrongly reported in FORM GSTR-1 of the said t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ax period, before filing of the GSTR-3B return of the said tax period. 2. FORM GSTR-1A would be available to all the taxpayer from August 2024, through which details furnished in FORM GSTR-01 for the month of July 24 can be amended. The salient features of FORM GSTR-1A are - 1. FORM GSTR-1A is an optional facility. This can be filed only once for a particular tax period. 2. The corresponding ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....effect of the changes made through FORM GSTR-1A on the liability of the taxpayer shall be reflected in FORM GSTR-3B for the same tax period. 3. At the recipient end, the ITC for the 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. For the taxpayers filing FORM GSTR-1 on monthly basis: a....
X X X X Extracts X X X X
X X X X Extracts X X X X
..... 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 till the actual filing of corresponding FORM GSTR-3B of the same tax period. It is pertinent to re-iterate that the taxpayer can't file FORM GSTR-1 for a month until he files FORM GSTR-3B for the previous month.....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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. For the QRMP taxpayers, who files FORM GSTR-1 on Quarterly basis: a. FORM GSTR-1A shall be available quarterly after actual filing of FORM GST....
X X X X Extracts X X X X
X X X X Extracts X X X X
....R-1 (Quarterly) or the due date of filing of FORM GSTR -1 (Quarterly), whichever is later, and will be available till the actual filing of FORM GSTR-3B of the same tax period. b. The supplies reported in the FORM GSTR-1 of the current tax period (including those declared in IFF, for the first month, M1 and second months, M2 of a quarter, if any) can be amended through corresponding Quarterly GST....
X X X X Extracts X X X X
X X X X Extracts X X X X
....R-1A . c. From the liability perspective, the net impact of the 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 thr....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ough IFF for the months M1 and M2, during the month M1 and M2. 6. In case where change is required to be made in 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<BR> News - Press release - PIB....