ITR Filing: This is the biggest update for those GST return filers who have not filed their returns till now from the due date of three years ago. Such people will no longer be able to file returns in July. GST Network said on Saturday that from the start of the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years from the due date of the original filing.
The tax period of July 2025 means that taxpayers will file monthly returns in August this year. Let us also tell you what kind of update has been given by GSTN.
Big update on GST filing
In a consultation, the Goods and Services Tax Network (GSTN) said that taxpayers will not be able to file GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, and GSTR-9 on expiry of three years from the due date of filing.
Amendments to the Goods and Services Tax (GST) law regarding time limits were made effective through the Finance Act, of 2023. Thus, returns relating to the payment of the liability, annual returns, and GST outward supply returns in addition to TDS will become time-barred.
Advice to taxpayers
The advisory issued by GSTN states that filing of returns after the expiry of three years will be barred. The said ban will be implemented on the GST portal from the July 2025 tax period. It advised taxpayers to reconcile their records if they have not filed GST returns so far and file their GST returns as soon as possible. Earlier in October, the GST Network (GSTN) alerted taxpayers that the said provision of tax ban will be implemented in early 2025.
What experts say
AMRG & Associates Senior Partner Rajat Mohan said in an ET report that the move enhances system discipline and reduces long-term non-compliance, but it may severely impact taxpayers who have pending filings due to litigation, system issues, or actual inspections. Mohan said the absence of a redressal mechanism for exceptional cases could lead to permanent denial of input tax credits and financial shocks.