GST return changes 2025 If you do business and take input tax credit in GST, then it is very important for you to know these changes related to GST return. If you do not do this, you may be deprived of the benefits of tax credit and you may have to suffer financial loss. These changes will be applicable from the tax period of July 2025 i.e. filing in August.
GST return changes 2025: GST Network (GSTN) is going to make some big changes from the tax period of July 2025. These changes are related to the GST returns of companies. If you run a company, then it is important for you to know this change in the process of GST returns. Especially for those businessmen who take or want to take input tax credit (ITC).
Will not be able to file returns after three years
The first big change (upcoming GST updates) is related to the period of filing GST returns. A limit of three years has been set for all types of filing related to GST returns. This change will come into effect from the tax period of July 2025. The tax period of July 2025 means the return filing in August.
Many types of returns are filed in GST including GSTR-1 for supply, GSTR-3B for tax payment, GSTR-9 for annual return. The period of three years will be applicable to all these returns.
GST Network has been informing the business world about this change since October last year, which is now being implemented. GST Network says that the purpose of this change is to make the system more efficient, reduce the burden of old and incomplete returns and motivate everyone to be more disciplined.
What will happen if you do not file returns in three years
There is no provision to extend the 3-year window in the new rule. That is, if you do not file returns in a period of 3 years, then you will not have any option to file it further. If you want to take input tax credit, then not filing returns can cause you loss. You will not get credit for the tax you have paid on purchasing your inputs.
GSTR-3B’s auto-populated data cannot be changed
GSTN has made another important change and that too will be applicable from the tax period of July 2025 (GST rules July 2025). The data that is auto-populated in Form No. GSTR-3B related to tax payment cannot be changed. Till now it was editable i.e. taxpayers could change the data already present in this form.
However, a new form GSTR-1A has been introduced to correct the mistake in filing. If anyone wants to make amendments in the information filled in GSTR-1 (supply related), then he can use GSTR-1A. This amendment will be auto-populated in GSTR-3B.
DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
