The 53rd GST Council meeting recommended a new optional facility by way of FORM GSTR-1A to 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. This facility aims to ensure that correct liability is auto-populated in FORM GSTR-3B. The CBIC has introduced this optional facility through Notification No.12/2024 – Central Tax, dated July 10, 2024, in exercise of its powers conferred by Section 164 of the CGST Act. The amendments to the CGST Rules include changes to Rule 21 and Rule 21A, allowing for the use of FORM GSTR-1A to amend details in FORM GSTR-1.
Source A2ztaxcorp
