GST Return Filing Update: Important Changes and Deadlines for Businesses

GST Return filing : Are you planning to filing GST return? Then this article is for you. As pee sources, The rules are changing from the beginning of next year regarding GST returns.

Under this, from the beginning of 2025, GST taxpayers will not be able to file monthly and annual GST returns after 3 years from the original return due date.

It said that in addition to GST sales returns, the new rules will apply to returns related to payment of liabilities, annual returns and tax collection at source. That is, there will be a ban on filing returns after the expiry of a period of three years from the due date of filing the return.

What GSTN said

GSTN said, This change is going to be implemented in GST portal from the beginning of 2025. Therefore, taxpayers are advised to match their records and file GST returns as soon as possible.

AMRG & Associates official Rajat Mohan said GSTN has made a significant change in compliance. Under this change, there is a ban on filing GST returns after the deadline of three years.

Experts says, “This move is aimed at ensuring timely compliance, enhancing data reliability and potentially reducing the backlog of unfiled returns within the GST system.”

Limiting the period in case of late filing of returns has prompted taxpayers to match and rectify records.

The challenge for which taxpayers

According to Rajat Mohan, it can also create challenges for taxpayers who have not filed returns. Especially for taxpayers who are facing administrative or logistical problems in consolidating old records.

He said that companies are actively advised to audit their return filings and resolve any pending returns within the remaining period.