GST New Rule From July 2025: Returns Can’t Be Filed After 3 Years; What Occurs If You Miss Deadline? | Private Finance Information
GST New Rule From July 2025: The Items and Companies Tax Community (GSTN) has introduced vital modifications efficient from the July 2025 tax interval. Going ahead, the month-to-month GST fee type GSTR-3B will develop into non-editable after submitting. Moreover, taxpayers will now not be allowed to file any GST returns past three years from their authentic due dates.
In line with the advisory, GSTR-3B will proceed to be auto-populated based mostly on gross sales information submitted in types like GSTR-1. Nonetheless, any corrections or updates have to be made beforehand by means of the newly launched GSTR-1A type. The revised particulars will then mechanically mirror in GSTR-3B. As soon as filed, the GSTR-3B type can’t be manually edited, marking a serious shift from the present system.
“For the July 2025 tax interval, to be filed in August 2025, the auto-populated tax legal responsibility in GSTR-3B might be ultimate and can’t be modified after submitting,” the advisory acknowledged. This transfer is aimed toward bettering information accuracy between completely different GST types and stopping tax leakage.
What Is GSTR-3B?
GSTR-3B is a month-to-month abstract return used to report tax legal responsibility and is filed between the twentieth and twenty fourth of every month, relying on the kind of taxpayer. At present, companies obtain a pre-filled model of this kind, however they’ll nonetheless make edits earlier than ultimate submission. That flexibility will now not be accessible after the brand new rule kicks in. In one other vital replace, GSTN stated that ranging from July 2025, taxpayers won’t be able to file any GST return whether it is greater than three years late.
This contains month-to-month returns like GSTR-1 and GSTR-3B, annual returns like GSTR-9, and different returns corresponding to GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, and GSTR-8. This rule was launched by means of the Finance Act, 2023, and can now be carried out on the GST portal.
What Occurs If GST Return Is Not Filed Inside 3 Years?
It implies that if a return isn’t filed inside three years of its due date, it is going to develop into completely time-barred and can’t be submitted. GSTN has suggested all taxpayers to reconcile their accounts and file any pending returns as quickly as potential to keep away from being locked out by the brand new time restrict. (With Inputs From IANS)
