- New Filing Restrictions: The Finance Act, 2023, effective October 1, 2023, restricts taxpayers from filing GST returns three years after their due dates under amended Sections 37, 39, 44, and 52 of the CGST Act.
- Affected Returns: This restriction applies to various GST returns, including GSTR-1 (Outward Supplies), GSTR-3B, GSTR-9 (Annual Return), and others as specified in the amended provisions.
- Implementation Timeline: The technical changes on the GST portal will take effect from July 2025, making it essential for taxpayers to reconcile and file any outstanding returns promptly to avoid permanent non-compliance.
Source Taxrealtime
Latest Posts in "India"
- GST Council’s 5% Tax Retention on EVs Eases Industry Concerns Amid Competitive Pressures
- India Simplifies GST Regime to Two Main Rates, Effective September 2025
- Key Outcomes from the 56th GST Council Meeting
- India’s GST Overhaul: Winners, Losers, and Economic Impact of Tax Cuts
- India’s GST 2.0 Reform: New Two-Rate Structure, Business Impact, and Sectoral Benefits
