Ministry of Finance notifies GSTR-1A to amend outward supply form

New GSTR-1A form allows taxpayers to amend details in GSTR-1, ensuring correct tax liability in GSTR-3B.

The Ministry of Finance has notified the GSTR-1A form which will give an option to taxpayers to amend outward supply or sales return form.

Last month, the GST Council had recommended providing a new optional facility by way of form GSTR-1A to facilitate the taxpayers to amend the details in form GSTR-1 for a tax period and/ or to declare additional details.

GSTR-1A will, however, have to be filed before filing of return in GSTR-3B for the said tax period.

The finance ministry on July 10 notified the GSTR-1A form.

Moore Singhi Executive Director Rajat Mohan said the Central Board of Indirect Taxes and Customs (CBIC) has introduced a significant enhancement to the GST compliance framework with the optional facility of form GSTR-1A.

"By facilitating timely corrections, form GSTR-1A ensures that the correct tax liability is auto-populated in form GSTR-3B, reducing manual errors and fostering a streamlined compliance process," he said.

This amendment not only minimizes the risk of penalties and interest due to incorrect filings but also significantly reduces the compliance burden, underscoring the CBIC's commitment to a more responsive and taxpayer-friendly GST regime, Mr. Mohan added.