CBIC Notifies FORM GSTR-1A to Facilitate Amendments in FORM GSTR-1
By: Admin July 11, 2024 Categories: 53rd GST Council Meet | Notification & Circular
Background
In the 53rd GST Council meeting held on June 22, 2024, it was recommended to introduce a new optional facility via FORM GSTR-1A. This would allow taxpayers to amend details in FORM GSTR-1 for a tax period and/or declare additional details before filing the return in FORM GSTR-3B for the said tax period.
Notification
The CBIC, via Notification No. 12/2024 – Central Tax dated July 10, 2024, introduced the optional facility of FORM GSTR-1A under the powers conferred by Section 164 of the CGST Act. This allows registered taxpayers to:
- Amend details in FORM GSTR-1 for a tax period.
- Declare additional details missed in the initial FORM GSTR-1 for the current tax period.
- Ensure correct liability is auto-populated in FORM GSTR-3B.
Effect of the Notification
The introduction of FORM GSTR-1A aims to ease compliance for taxpayers by allowing them to make amendments in FORM GSTR-1 and declare additional details before filing FORM GSTR-3B. This facility will:
- Be available quarterly after filing FORM GSTR-1 (Quarterly) or the due date for filing FORM GSTR-1 (Quarterly), whichever is later, until the filing of FORM GSTR-3B for the same period.
- Ensure accurate details in FORM GSTR-3B and FORM GSTR-2B, declared in FORM GSTR-1A along with those in FORM GSTR-1.
- Not allow amendments to the Recipient’s GSTIN in FORM GSTR-1A.
- Be optional and incur no late fees.
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