The Goods and Services Tax Network (GSTN) is rolling out a significant update to the GSTR-1 form, effective from the May 2025 tax period. This change aims to streamline GST data, boost transparency, and improve tax administration. What’s Changing in GSTR-1 Table 12? The biggest change is the bifurcation of Table 12 into two distinct … Read more
Advisory regarding non-editable of auto-populated liability in GSTR-3B Jun 7th, 2025 1.GST Portal provides a pre-filled GSTR-3B, where the tax liability gets auto-populated based on the outward supplies declared in GSTR-1/ GSTR-1A/ IFF. As of now taxpayers can edit such auto populated values in form GSTR 3B itself. 2.With introduction of form GSTR 1A, taxpayer … Read more
Barring of GST Return on expiry of three years Jun 7th, 2025 As per the Finance Act,2023 (8 of 2023), dt. 31-03-2023, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years … Read more