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In an effort to reduce inequality notifications under the Goods and Services Tax, the Finance Ministry will on November 1 set up on ‘myGov.in’for assessment the revamped GST return types, consisting of the GSTR-1 in which organizations report outside products, a senior authorities stated on Thursday (October 22, 2026).
The draft GST types – GSTR-1/ 1A/IFF- were authorized at the 57th conference of the GST Council, making up Centre and State Finance Ministers, on October 8. The altered types will apply from April 1, 2027.
The Central Board of Indirect Taxes (CBIC), under the Finance Ministry, will install the types for public talk about ‘myGov.in’ portal and the assessment procedure would be open till November 30.
CBIC, Commissioner (GST Policy Wing), Gaurav Singh, stated a significant painpoint in GST presently is the inequality of returns and practically 80% of notifications are provided due to such inequalities.
At present, companies can customize or modify GSTR-3B (self stated summary return and regular monthly tax payment kind), which causes inequalities with GSTR-1.
Mr. Singh stated based upon market reactions on the reasons that services modify their GSTR-3B, the GST types have actually been fine-tuned and the billing management system (IMS) has actually been enhanced.
“Based on the industry responses, we are modifying GSTR-1 form, we are improving the IMS so that the need for editing 3B does not arise. If the need does not arise, there won’t be any case for notice based on mismatches. We will put the forms on ‘myGov’ for comments on November 1 with a 30-day window,” Mr. Singh stated.
If reforms in GST returns system can be executed effectively, the stability problems in the supply chain get dealt with. This would be the structure for additional reforms, he included.
Billing Furnishing Facility (IFF) is an optional regular monthly declaration submitted by taxpayers under the GST Quarterly Return Monthly Payment (QRMP) plan.
GSTR-1 is a regular monthly invoice-wise sales return, while GSTR-1A is a modification declaration that enables taxpayers to appropriate mistakes or include missed out on billing information before submitting their month-to-month GSTR-3B return.
The GST Council had on October 8 authorized an alternate system for making changes to tax liabilities and input tax credit (ITC) declares in GST go back to reduce inequalities and lower notices/intimations.
The Council authorized improvements in GST Forms GSTR-1/ 1A/IFF to make it possible for much better reconciliation of the information provided in these kinds with the information reported in the returns in regular monthly tax payment kind GSTR-3B.
It authorized a system of proper reporting and correction/rectification of liability in the returns, so that tax liability in GSTR-3B lines up with the information of liability provided in GSTR-1/ 1A/IFF. The Council cleared modifications in GST DRC-03 Form, which is submitted to state information of the billings for which payments have actually been made.
The Council authorized insertion of sub-rule (6A) in the guideline 60 of the CGST Rules, 2017, for IMS to enable a recipient to accept, decline or keep pending a file relating to inward supply, for the function of generation of declaration of ITC in GSTR-2B type (a system-drafted ITC declaration which notes out offered tax credits).
It likewise authorized a system of proper reporting and correction/rectification of ITC in the return, so that ITC availed in the return in GSTR-3B lines up with the information of ITC offered in GSTR-2B.
The Council likewise authorized insertion of a guideline 86D in the CGST guidelines to attend to filing of an electronic declaration of tax paid on reverse charge basis and input tax credit declared.
Released – October 22, 2026 05:12 pm IST
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