Effective Date: November 1, 2024
What’s New: Mandatory reporting for Table 13 in GSTR-1.
Starting this November, businesses need to pay extra attention to Table 13: Document Issued during the Tax Period in their GSTR-1 filing. Missing details here could lead to penalties under Sections 122 and 125 for non-disclosure of essential information.
Key Information You Must Include
From tax invoices to self-invoicing, all documents related to the tax period must be documented in Table 13:
- Tax Invoices
- Credit Notes & Debit Notes
- Receipt & Payment Vouchers
- Self-Invoices
- Delivery Challans
Specific Changes to Table 13 Columns
Column 1: Invoices for Outward Supplies – Sales-related invoices documenting outward supplies.
Column 2: Invoices for Inward Supplies from Unregistered Persons – This is critical as it mandates self-invoicing within 30 days for any goods or services purchased from unregistered suppliers.
Self-Invoicing for RCM
For transactions under the Reverse Charge Mechanism (RCM), like goods from unregistered suppliers (e.g., raw cotton, cashew nuts) or services such as Goods Transport Agency (GTA), a self-invoice is required if these weren’t issued by a registered supplier.
Consequences of Non-Compliance
Ignoring Table 13 could be costly. If details are missing or incomplete, penalties will apply. Be diligent to avoid compliance issues!
Stay Informed, Stay Compliant!