Summary of Introduction of Phase III for Table 12 of GSTR-1 & GSTR-1A
GST Advisory has been issued for Introduction of Phase III for Table 12 of GSTR-1 & GSTR-1A.This Advisory has main 4 Points which is required to be noted.
- on successful implementation of Phase -I and Phase II regarding Table 12 of GSTR-1 & GSTR-1A , now Phase III is being implemented from return period January-2025.
- This Phase mainly consists of Three parts : firstly, the manual HSN entry has been replaced by choosing correct HSN from giving Drop down. Secondly Table 12 of GSTR-1 and 1A has been bifurcated in to two tabs namely B2B and B2C. Third Validation for value of supplies and tax amount involved in the same has also been introduced. In the initial phase it is in warning mode only, which means failing in validation rule will not Blocker for filing return of GSTR-1 & 1A.
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