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 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 Is GSTR-1A Distinct from GSTR-1?
GSTR-1 is a return that contains all the sales particulars. The seller taxpayer filled it. Information from one’s GSTR-1 will arise in his buyer’s GSTR-2 where he may alter some information. But till now the GSTR-2 and GSTR-3 have been suspended. Therefore, the information from GSTR-1 was passed onto GSTR-2A of the respective buyers.
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
Hi, As per Your Example, Naven Correct the amount is GSTR1A, If Naveen Again Wrongly enter, What We do?.. Example, Naveen Enter Rs.400 Instead of Rs.500, How Reflect in GSTR1A
Currently GSTR-1A is not in Existence