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Taxation Central Ministry of Finance Central Goods and Services Tax Act, 2017

Advisory for FORM GSTR-1A

26-Jul-2024 | NA

Ministry of Finance has issued an Advisory for FORM GSTR-1A as follows :- 1. 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 - i. FORM GSTR-1A is an optional facility. This can be filed only once for a particular tax period. ii. The corresponding 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. 2. 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. 3. For the taxpayers filing FORM GSTR-1 on monthly basis: 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 till the actual filing of corresponding FORM GSTR-3B of the same tax period. It is pertinent to reiterate that the taxpayer can?t file FORM GSTR-1 for a month until he files 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. for details please refer the attachment.

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