An Alumnus of IIM and DU with almost a decade of experience in the banking and finance sectors. I had the opportunity to work with all types of institutions in BFSI ecosystem like Bank, NBFC, Fintech, Consulting and Auditor. I started my professional journey at KPMG and subsequently worked in leading names of the BFSI sector including Ujjivan Bank, Vistaar Finance. Currently building a fintech startup ( PICE) by handling alliances, compliance and creation of GTM strategy for payments and credit product.
GSTR-1 amendments are allowed until November 30th of the following year.
Edit GSTR-1 via the GST portal under ‘Amendment of GSTR-1’.
Certain details like GSTIN, RCM, and accepted invoices cannot be changed.
Amendments impact ITC claims, tax liabilities, and may lead to penalties.
GSTR-1A (from July 2024) helps correct mismatches before filing GSTR-3B.
Businesses frequently notice discrepancies after filing GST returns. This can include improper details in B2B invoices, mismatched exempted sales, inappropriate listings of nil-rated supplies and so on.
To rectify the mistakes mentioned above, the GST platform gives an option to change the reported information during certain situations. However, such a procedure requires a vivid understanding of the rules, especially those related to the nature of allowed amendments.
This blog will inform you about how to amend GSTR-1 after filing and also discuss the time limit for amendment in GSTR-1 as per the latest tax regulations.
What is GSTR-1?
Every GST-registered taxpayer must file a GSTR-1 return either monthly or quarterly. Only a few taxpayers come under the exception category. This document sums up all outward supplies or sales.
Altogether, the GSTR-1 has 13 sections like:
Table Number
Information or Data to be Provided
1, 2 & 3
GSTIN of the taxpayer, their legal and trade names along with aggregate turnover of the earlier tax period
4
List of taxable supplies made to registered persons (those who have UIN) eliminating deemed exports and zero-rated supplies
5
Outward inter-state supplies made to unregistered persons that incur tax. Here, the invoice value should exceed ₹2.5 lakh.
6
Deemed exports along with zero-rated supplies
7
Taxable supplies other than those covered under Table 5 made to unregistered persons (total value of debit notes and credit notes)
8
Non-GST, nil-rated and exempted outward supplies
9
Changes to outward supplies that attract tax and are mentioned in Tables 6, 5 and 4 of the preceding tax cycle’s GST return. Also, these amendments are reflected in corresponding refund vouchers produced at present, credit notes and debit notes.
10
Credit and debit notes addressing an unregistered person
11
Information regarding advances collected or adjusted during the current tax period or changes of data highlighted in the previous tax period
12
Outward supplies summary according to HSN codes
13
Documents issued during the concerned tax period
14
Meant for suppliers - This section is utilised to mention ECO operators’ GSTIN-wise business via e-commerce platforms. In this case, e-commerce businesses should charge TCS u/s 52 or they must settle tax under Section 9(5) of the Central Goods and Services Tax (CGST).
14A
Again this table is for suppliers and it includes amendments made to Table 14
15
The Table 15 is for e-commerce operators. It reports both B2C and B2B transactions as well as GSTIN-wise sales records of the suppliers against which e-commerce platforms should submit TCS under Section 9(5) of the CGST Act.
15A
For e-commerce platform operators -Table 15A I - It has data related to changes in Table 15 for transactions done with registered persons (B2B)Table 15A II - This covers changes reflected in Table 15 for the sales made to unregistered persons (B2C)
How to Select Return Filing Period in GSTR-1 Amendment?
Taxpayers should select a return filing timeframe based on the period in which the GSTR-1 amendment is made. For instance, if an amendment is executed during the month of August then the return period has to be:
August, if the concerned person makes monthly tax payments
September, in case the taxpayer files quarterly returns (in this scenario for the period between July-September)
Time Limit for Amendment in GSTR-1
To make changes to the details provided in the GSTR-1 annual return form, a taxpayer has until November 30th of the following year. After this cutoff date, no person will be allowed to bring any corrections or omissions to the GSTR-1 invoices.
This extension in the time limit is offered to ensure completeness and accuracy in GSTR-1 submissions within a feasible period. Adhering to this rule can help your business avoid possible penalties or legal challenges.
Category of export (‘with’ or ‘without’ payment)
Already modified or accepted invoices - when the intended recipient has already taken action, then that invoice cannot be amended by the taxpayer
List of Details Which Cannot be Amended/Changed in GSTR-1 at Summary Level
A registered taxpayer cannot amend the following invoice details in the GST return form at the Summary level:
Summary of nil-rated commodities and services cannot be changed
‘Place of Supply’ in some conditions cannot be amended in an invoice under GST
HSN codes of outward supplies cannot be changed by a voluntary taxpayer
File GSTR-1A for GSTR-1 Amendments (Alternate Process)
From July 2024, taxpayers can file GSTR-1A, another new form to report mismatches in the already filed GSTR-1. This new format was introduced by the GST Council to help growing businesses.Â
After this new proposition, taxpayers can now easily maintain correct invoice details in the GSTR-3B return. This, in turn, facilitates accurate return calculation over a given period.
However, remember that GSTR-1A is an optional solution. You need to avail this form if only you need to revise the submitted GSTR-1. It does not stipulate any compliance needs and at the same time offers a quick option to change the information provided.
It is essential to file GSTR-1A before working on GSTR-3B for the said tax period.
Limitation of GSTR-1A
A GSTR-1A return enables the respective taxpayer to change the information provided in GSTR-1 for the current tax period only.
Where to Place the Amended Invoices in GSTR-1 Return?
A taxpayer must state the respective details or invoices in which amendments took place during a certain period in the following manner:
Sl. No.
Type of Amendment
Details
1
Changes made in B2B transactions (9A)
Changes done in the GST-compliant invoices previously are reported in this section. Here, one can refer to taxable supplies made to SEZ/ SEZ developers either including or excluding the payment of deemed exports and taxes.
2
Large B2C amendments (9A)
Changes issued in the original invoices need to be specified here. They give an idea of original invoices generated for interstate sales made to unregistered persons. However, the invoice value should be a minimum of ₹2.5 lakh.
3
Credit/Debit notes amendments under 9C
This has a credit or debit note modified against an earlier issued credit/debit note made for B2B sales.
4
Credit/Debit notes amendments under 9C - for unregistered persons
Again, this displays credit or debit notes issued against a previously issued note under the Export Invoices section or B2C large section.
5
Export Invoices Amendments (9A)
Changed invoices produced against previously generated original invoices should be reflected here. If you are exporting supplies under a Letter of Undertaking or Bond, then export invoices must specify Export under bond/ LUT. Otherwise, it will be Export with IGST if you pay IGST and export without a formal letter of supply.
6
B2C Others Amendments (10)
Changes done to the already-issued invoices show up here. This section has invoices that do not come under B2B, B2C large and exports segments.
7
Changes in advances received (11(2))
Here, you can see changes made to the advance payouts of tax liability during any earlier tax period.
8
Adjustment to advances amendments (11(2))
All the amendments done to the advances paid in preceding tax periods need to be specified here.
9
Amendment to transactions via an e-commerce operator under Section 52 and 9(5) of the CGST Act reflected by the suppliers
This is where you report any changes to previous e-commerce sales tax periods.
10
Change to transactions via e-commerce operator under Section 9(5) of the CGST Act reflected by the suppliers
Amendments to prior tax periods' sales under Section 9(5) must be reported here.
To simply put, when we do amendments we bring changes to an already submitted or filed document. Here, we are talking about bringing changes to an already uploaded GSTR-1 form.
Following are a few notable implications of amending the GSTR-1 form online:
ITC Adjustments
For B2B supplies, any change that a taxpayer makes in the invoice like the applicable tax rate, total tax amount, etc., will directly impact the consumer’s ITC claims.
Impact on Tax Liability
When an amendment takes place because of underreporting of sales, it directly alters the tax liability. Besides the extra tax amount, the concerned person becomes liable to furnish additional fines and interest on the correct tax liability.
Legal Challenges
If the GST Council notices a particular person performing amendments frequently, they can initiate legal proceedings or perform an audit for such entities.
Conclusion
As businesses prepare to jump from one financial year to another, it is important to be aware of the time limit for amendment in GSTR-1. Modifications can become absolutely necessary especially when new rates are introduced under the GST law or severe penalties are imposed due to non-adherence to norms.
Therefore, you can keep this guide handy for easily amending GSTR-1 details for accurate calculation of tax liability. Businesses should also proactively arrange for continuous employee training on new GST regulations. If such arrangements seem overwhelming, you can work closely with GST experts to ensure your business always complies with GST payments.
💡If you want to streamline your payment and make GST payments via credit & debit card, UPI consider using the PICE App. Explore the PICE App today and take your business to new heights.
FAQs
Can I amend GSTR-1 after filing?
Yes, you can amend GSTR-1 after filing, but only within the allowed time limit, which is until November 30th of the following year. You can make corrections through the GST portal under the ‘Amendment of GSTR-1’ section. However, some details like GSTIN and invoices already accepted by recipients cannot be changed.
What details cannot be amended in GSTR-1?
Certain details cannot be modified, including GSTIN of the customer, reverse charge applicability, export category (with/without payment), and invoices that have already been accepted. Additionally, summary-level amendments like nil-rated supply details and HSN code changes (for voluntary taxpayers) are restricted.
How does GSTR-1 amendment affect ITC and tax liability?
For B2B transactions, any changes in invoice details like tax rate or amount affect the buyer’s ITC claims. If sales were underreported, tax liability increases, and additional tax, interest, and penalties may be due. Frequent amendments can also trigger audits or legal scrutiny by tax authorities.
What is GSTR-1A, and how is it different from GSTR-1?
GSTR-1A (available from July 2024) is an optional form introduced to correct mismatches in GSTR-1 before filing GSTR-3B. Unlike GSTR-1, which is a mandatory return for outward supplies, GSTR-1A allows taxpayers to rectify errors before affecting ITC claims or tax liability in GSTR-3B.
What happens if I miss the amendment deadline for GSTR-1?
If you miss the November 30th deadline, no further changes can be made in GSTR-1 for that financial year. Errors left uncorrected may lead to incorrect tax reporting, mismatched ITC claims, and possible penalties. Businesses should review their filings regularly to avoid last-minute issues.
An Alumnus of IIM and DU with almost a decade of experience in the banking and finance sectors. I had the opportunity to work with all types of institutions in BFSI ecosystem like Bank, NBFC, Fintech, Consulting and Auditor. I started my professional journey at KPMG and subsequently worked in leading names of the BFSI sector including Ujjivan Bank, Vistaar Finance. Currently building a fintech startup ( PICE) by handling alliances, compliance and creation of GTM strategy for payments and credit product.
0
Instant Transfer
Lowest Rates
Credit on all transaction