The GST council has recommended one additional GST return Form, GSTR-1A. A new optional form, lets you change your GSTR-1 for a specific tax period. This means you can:
- Add any sales details you missed in your original GSTR-1 filing.
- Correct any mistakes you made in the reported sales details before the GSTR-3B filing.
- This will help ensure that the accurate tax liability is automatically reflected in the GSTR-3B form.
Changes Before GSTR-3B Filing
The Form GSTR-1A shall furnish, the flexibility feature in the amendment. GSTR-1A shall permit the assesses to revise or add records within the identical month/same period post-filing GSTR-1 and before filing GSTR-3B. The assesses could not alter GSTR-1 in the identical duration post it has been filed. Any change or missed records should be reported in the GSTR-1 of the next return period.
The obligation revised shall be populated automatically in GSTR-3B, which enables the correct liability release.
Revisions or missed records could be notified in GSTR-1A prior to filing GSTR-3B, which also promotes, effective reporting.
What is GSTR-1A
GSTR-1A allowed a registered taxpayer to update the details of sales for GSTR-1 which was filed earlier. The form is no longer in use since 2017 but has been reintroduced in June 2024. The information would come from the buyer’s GSTR-2B when he modified any data. The seller could either accept or reject the changes. Changes accepted by the seller would have automatically reflected in the GSTR-3B.
What Does the Term GSTR- 1A Signify?
GSTR-1A authorized a registered assessee to update the details of sales for GSTR-1 which was filed before. Since 2017 the form is no longer in use. The data was derived from the buyer’s GSTR-2 when he altered any data. The seller either accepts or rejects the changes. Changes carried by the seller would have automatically been reflected in the GSTR-1.
In What Way Does GSTR-1A Work?
Check the example below for simplification:
- Naveen purchases 100 pencils worth Rs. 500 from Rahul General Store
- Rahul General Store has incorrectly shown it as Rs. 50 sales in his GSTR-1 Form
- The data from Rahul’s GSTR-1 form will stream into the GSTR-2A of Naveen
- Naveen immediately corrects it to Rs. 500
- This change is reflected in Rahul’s GSTR-1A
- When Rahul receives this correction, his GSTR-1 form gets updated automatically
How is GSTR-1A different from GSTR-1?
GSTR-1 is a return which contains all the sales details. It is filled up and filed by the seller taxpayer. Information from one’s GSTR-1 will appear in his buyer’s GSTR-2B where he may change some information. GSTR-1A contain only the amendments to GSTR-1 details of the given month.
FAQs
What is the GSTR-1A form?
The GSTR-1A form is a draft version of the GSTR-1 form. It allows taxpayers to make changes to their sales data before filing the final GSTR-3B return. This form ensures that any discrepancies or mistakes in the initial data can be corrected.
Why is the GST Council considering the GSTR-1A form?
The GST Council is considering the GSTR-1A form to provide taxpayers with an opportunity to review and correct their sales data. This helps in reducing errors in the final GSTR-3B filing and ensures more accurate tax reporting.