Don’t Let Your GST Returns Get Blocked!
Starting October 1, 2023, GST returns due post-this date will no longer be accepted unless past filings are fully reconciled. The three-year restriction came into effect on October 1, 2023, though the GST portal is set to reflect this change in early 2025. Full blocking will be enforced by January 2025.
What’s Affected?
- This amendment affects Section 37 (Outward Supplies), Section 39 (Payment of Liability), Section 44 (Annual Return), and Section 52 (Tax Collected at Source) of the CGST Act.
- Returns under these sections include GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, and GSTR-9.
Why Reconcile?
Taxpayers need to align GSTR-3B, GSTR-1, and accounting records to ensure full compliance. This helps in reflecting accurate tax liability and input credits.
Key Date: December 31, 2024
File any pending returns from July 2017 to November 2021 by this date to avoid penalties or non-compliance. Even “saved” but not filed submissions are included.
Take Action Today!