Introduction of GSTR-1A: A New Step Towards Enhanced GST Compliance

GSTR-1A

Introduction of GSTR-1A: A New Step Towards Enhanced GST Compliance

GSTR-1A

In its 53rd meeting on June 22, 2024, the GST Council plans to introduce a new GST return form known as GSTR-1A. This form aims to improve operational efficiency and compliance for taxpayers by allowing amendments or additions to records within the same month or tax period after filing GSTR-1 but before submitting GSTR-3B.

Features of GSTR-1A

Amendment Flexibility

GSTR-1A enables taxpayers to promptly correct any errors or omissions in their GSTR-1 submissions within the same period. This ensures that necessary adjustments can be made before finalizing GSTR-3B for the corresponding tax period.

GSTR-1A

Auto-population of Amended Liability

Upon filing GSTR-1A, the amended liability will automatically populate in GSTR-3B. This seamless integration facilitates the correct discharge of tax liability and ensures efficient reporting.

Enhanced ITC Verification

GSTR-1A plays a crucial role in the verification process for recipients of goods and services. It allows recipients to cross-check the details provided by suppliers in their GSTR-1 filings against the auto-populated data in their GSTR-2A. This verification is essential for businesses to accurately claim Input Tax Credit (ITC) on purchases.

Benefits of GSTR-1A

Improved Compliance

By enabling businesses to correct and verify transaction details before submitting their tax returns, GSTR-1A promotes accurate reporting of outward supplies, thereby facilitating compliance with GST regulations.

Reduced Risk of Penalties

The ability to make timely corrections helps mitigate the potential risk of penalties due to incorrect filings.

Streamlined ITC Claims

Ensuring alignment between the supplier-reported data in GSTR-1 and the recipient’s auto-populated data in GSTR-2A helps prevent inconsistencies, thereby maintaining the smooth flow of ITC claims.

Operational Efficiency

By maintaining coherence between records, businesses can guard against compliance issues and erroneous tax credits, ensuring financial integrity and operational efficiency.

The anticipated introduction of GSTR-1A represents a proactive move by the GST Council to simplify tax compliance processes and enhance transparency within the GST framework. This new feature underscores the ongoing commitment to boosting taxpayer confidence and reinforcing the principles of efficiency, accuracy, and compliance in GST administration. By enabling businesses to amend and verify transaction details before finalizing their tax returns, GSTR-1A aims to create a more accountable and reliable tax environment.

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GSTN Launches New E-Way Bill Portal Starting June 1, 2024

E-Way Bill

GSTN Launches New E-Way Bill Portal Starting June 1, 2024

E-Way Bill

For the transportation of products within India, a digital document known as an E-way Bill, or Electronic Way Bill, is necessary. It serves as the permit that the items and Services Tax (GST) Act requires for the transportation of items costing more than ₹50,000. Depending on the situation, anyone involved in the supply chain—registered or unregistered—may be in charge of creating the E-way Bill.

To improve the current E-way Bill system for goods transportation, the Goods and Services Tax Network (GSTN) is introducing the E-Way Bill 2 Portal.

The new E-Way Bill 2 Portal (https://ewaybill2.gst.gov.in), launching on June 1, 2024, will operate alongside the main E-Way Bill portal (https://ewaybillgst.gov.in/) and provide several benefits.

Increased Availability

The E-Way Bill 2 Portal guarantees high availability, reducing downtime and disruptions.

Faster Synchronization

E-way bill details will synchronize between the two portals within seconds, ensuring a smooth data flow.

Independent Functionality

Users can directly generate and update E-way Bills on the E-Way Bill 2 Portal.

Web and API Access

The portal provides both web interface and API access for managing E-way Bills.

Shared Login Credentials

Taxpayers and logistics operators can use their existing login credentials from the main portal.

E-Way Bill
Contingency Plan

In case of technical issues with the main portal, the E-Way Bill 2 Portal serves as a backup.

Cross-Portal Functionality

Users can initiate and update Part-B of E-way Bills (transporter details) interchangeably on either portal.

Enhanced Reliability

If the main portal is unavailable, Part-B details for E-way Bills generated on Portal 1 can still be updated on Portal 2, ensuring continued operations.

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Advisory on auto-population of e-invoice details into GSTR-1

e-invoice

Advisory on auto-population of e-invoice details into GSTR-1

e-invoice

1. Certain notified taxpayers have to prepare and issue their invoices by obtaining an Invoice Reference Number (IRN) from the Invoice Registration Portal (IRP) (commonly referred to as ‘e-invoices’).

2. Upon successful generation of IRN, details of such e-invoices will be auto-populated in respective tables of GSTR-1. The same can be downloaded as an Excel file as well.

3. In case the GSTR-1 for the corresponding period was already filed by the taxpayer, then, the details from e-invoices can be downloaded as an Excel file only.

4. The details would be auto-populated based on the document date.

5. Auto-population into GSTR-1 

 

6. The item-level details in the document will be aggregated at the rate level for auto-population into GSTR-1. For the auto-populated invoices, below additional details will also be displayed.

a. Source (e-invoice)

b. Invoice Reference Number (IRN)

c. Invoice Reference Number Date (IRN Date)

7. After auto-population of details from e-invoices, in case of cancellation of IRN, such documents will be deleted in the respective table.

8. Details of e-invoices auto-populated in GSTR-1 can be edited/deleted by the taxpayer. However, in such cases, the ‘Source’, ‘IRN’ and ‘IRN date’ fields will be reset to blank in respective tables of GSTR-1. Such edited documents will be treated as if they were not auto-populated but uploaded separately by taxpayer.

9. Before filing GSTR-1, taxpayers are advised to review the details of e-invoices auto-populated in specified tables:

a. By viewing them online on GST Portal, or

b. By downloading the JSON from GST Portal, or

c. By using APIs via GSP

10. Taxpayers are advised to modify/update only those documents where the details auto-populated from e-invoices are not as per the actual invoice issued.

11. Taxpayers are required to add details of supplies made in respective tables of GSTR-1, other than those auto-populated from e-invoices.

12. An additional facility for the consolidated download of all documents auto-populated from e-invoices is available in the GSTR-1 dashboard. For this, you can use the ‘Download details from e-invoice (Excel)’ button on the GSTR-1 dashboard. It may be noted that the auto-populated details in this Excel file are as reported on the e-invoice portal Invoice Registration Portal (IRP). So, this Excel file would not reflect any subsequent modifications to the auto-populated documents (in GSTR-1 tables).

13. Taxpayers can use the link ‘e-invoice download history’ to view the list of the last five downloaded files. On clicking the link, you can download the file.

14. The Excel file downloaded from the GSTR-1 dashboard page will have details of all the e-invoices received from the Invoice Registration Portal (IRP) including cancelled invoices.

Following additional information relating to such e-invoices will also be available:

a. Invoice Reference Number (IRN) – 64 string hash

b. Date of Invoice Reference Number (IRN date)

c. e-invoice Status – Valid/ Cancelled

d. Date of auto-population/ deletion (in case of canceled IRN) will be the date when the e-invoice details are auto-populated in GSTR-1 or when the IRN was cancelled. Any subsequent modifications made to the auto-populated documents (in GSTR-1 tables) would not be reflected in this excel file.

e. GSTR-1 auto-population / deletion status (either of the following):

 Auto-populated,

• Deleted,

• Auto-population failed,

• Deletion failed

f. Error in auto-population/ deletion – Error description, if any

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