Latest news with #GSTR-1
Indian Express
4 days ago
- Business
- Indian Express
How to file GST returns online in 2025?
GST Return Filing Online 2025: All the taxpayers in India needs to submit returns regularly under the Goods and Services Tax (GST) system. To file GST returns, businesses must hand over details about their sales, purchases, taxes they've paid, and input tax credits (ITC) they're claiming in specific formats. One of the most significant aspects of GST compliance is the timely and accurate submission of GST returns. Along with standard monthly and yearly return forms such as GSTR-1, GSTR-3B, and GSTR-9, the GST system includes a number of alternative return types for a number of reasons. Step 1: Visit the official GST portal at Step 2: Enter the GSTIN (GST Identification Number), username, password, and the captcha code to log in. Step 3: After logging in, you will reach the dashboard and go to the returns dashboard: Services > Returns > Returns Dashboard. Step 4: Choose the financial year and month or quarter you want to file the return for. Step 5: This opens up the right return forms for you based on how you're registered. Choose the form you need to file and click 'Prepare Online'. Keep in mind: Different GST Return Forms apply to different taxpayers. It depends on their turnover, type of supply, or registration category. Step 6: Fill out all the needed personal details, save the form, and hit 'Submit'. Step 7: After submitting, use 'Track Return Status' to check where things stand and to pay. Step 8: Head to 'Payment of Tax' and click 'Check Balance' to see your available credit and cash balances. Step 9: Choose 'Offset liability' and pay cash for any amount left after using your input tax credit. Step 10: After payment, file the GST return by checking the declaration box, choosing the authorised signatory, and clicking 'File Form with DSC'/'File Form with EVC', as suitable. Please note: Readers must note that this is simply general guidance on filing GST returns. However, there are other GST returns on the GST system based on the forms, some of which may need fewer or more procedures than those described *This article is written by Amrit Prakash, who is an intern with
Time of India
12-06-2025
- Business
- Time of India
GST filing gets tougher: No room for error in GSTR-3B from July
Ahmedabad: From July onwards, taxpayers will no longer be able to edit auto-populated tax liability in their GSTR-3B returns — a major change in the Goods and Services Tax ( GST ) framework. The GST Network (GSTN) has rolled out this update, aiming to curb misuse and plug revenue leakages. However, tax experts warn that this will warrant higher accuracy from suppliers and could trigger cash flow challenges for buyers. Taxation experts say that to address discrepancies in GSTR-1 filings, a new form—GSTR-1A—has been introduced but it isn't real-time. This means any corrections made through GSTR-1A could delay Input Tax Credit (ITC) for buyers, potentially leading to working capital issues. "This is a major structural shift," said Deep Thakkar, chartered accountant and co-chairman of the Indirect Tax Committee at the Gujarat Chamber of Commerce and Industry (GCCI). "Currently, suppliers file GSTR-1, which auto-populates their GSTR-3B and also feeds into the buyers' GSTR-2B. If suppliers make an error or want to adjust their tax liability, they currently edit GSTR-3B directly. That option will no longer be available,," says Deep Thakkar, chartered accountant and co-chairman of the Indirect Tax Committee at the Gujarat Chamber of Commerce and Industry (GCCI). From July, if a supplier makes a mistake in GSTR-1, the only way to correct it is by filing GSTR-1A—before the GSTR-3B deadline, which is the 20th of every month. However, since GSTR-2B (used by buyers to file GSTR-3B) is generated on the 14th, late corrections may only reflect in the next month's ITC cycle, delaying credit and tying up funds. Explaining the rationale behind the decision being taken, a senior GST official said on condition of anonymity, "The decision to restrict editing in GSTR-3B has been in the pipeline for nearly 18 months. When a supplier files GSTR-1, the output tax liability gets auto-populated into the system and becomes part of the buyer's Input Tax Credit (ITC). This happens by the 10th of every month, with GSTR-3B due by the 20th. If a supplier defaults on tax payment, the entire recovery chain is impacted. Allowing edits in GSTR-3B was leading to misuse—essentially allowing ITC to be passed on without corresponding tax being paid. At some point, the system needs to be secured to protect government revenue." Chartered accountants claim that the decision while making way to curb fraudulent claims will certainly increase the compliance burden of taxpayers. "This change will certainly reduce fraudulent ITC claims and plug revenue loss. But it also increases the compliance burden. Even genuine mistakes in GSTR-1 can be rectified only through GSTR-1A which needs to be streamlined as it is essential to avoiding penalising honest taxpayers," said Thakkar. Another Chartered accountant Karim Lakhani echoed the concerns, stating, "The margin for error has shrunk dramatically. Every supplier will now need to file GSTR-1 with utmost accuracy. Any lapse can impact their clients' ability to claim timely ITC. This is one of the most significant changes to the GST regime since its inception." Ahmedabad: From July onwards, taxpayers will no longer be able to edit auto-populated tax liability in their GSTR-3B returns — a major change in the Goods and Services Tax (GST) framework. The GST Network (GSTN) has rolled out this update, aiming to curb misuse and plug revenue leakages. However, tax experts warn that this will warrant higher accuracy from suppliers and could trigger cash flow challenges for buyers. Taxation experts say that to address discrepancies in GSTR-1 filings, a new form—GSTR-1A—has been introduced but it isn't real-time. This means any corrections made through GSTR-1A could delay Input Tax Credit (ITC) for buyers, potentially leading to working capital issues. "This is a major structural shift," said Deep Thakkar, chartered accountant and co-chairman of the Indirect Tax Committee at the Gujarat Chamber of Commerce and Industry (GCCI). "Currently, suppliers file GSTR-1, which auto-populates their GSTR-3B and also feeds into the buyers' GSTR-2B. If suppliers make an error or want to adjust their tax liability, they currently edit GSTR-3B directly. That option will no longer be available,," says Deep Thakkar, chartered accountant and co-chairman of the Indirect Tax Committee at the Gujarat Chamber of Commerce and Industry (GCCI). From July, if a supplier makes a mistake in GSTR-1, the only way to correct it is by filing GSTR-1A—before the GSTR-3B deadline, which is the 20th of every month. However, since GSTR-2B (used by buyers to file GSTR-3B) is generated on the 14th, late corrections may only reflect in the next month's ITC cycle, delaying credit and tying up funds. Explaining the rationale behind the decision being taken, a senior GST official said on condition of anonymity, "The decision to restrict editing in GSTR-3B has been in the pipeline for nearly 18 months. When a supplier files GSTR-1, the output tax liability gets auto-populated into the system and becomes part of the buyer's Input Tax Credit (ITC). This happens by the 10th of every month, with GSTR-3B due by the 20th. If a supplier defaults on tax payment, the entire recovery chain is impacted. Allowing edits in GSTR-3B was leading to misuse—essentially allowing ITC to be passed on without corresponding tax being paid. At some point, the system needs to be secured to protect government revenue." Chartered accountants claim that the decision while making way to curb fraudulent claims will certainly increase the compliance burden of taxpayers. "This change will certainly reduce fraudulent ITC claims and plug revenue loss. But it also increases the compliance burden. Even genuine mistakes in GSTR-1 can be rectified only through GSTR-1A which needs to be streamlined as it is essential to avoiding penalising honest taxpayers," said Thakkar. Another Chartered accountant Karim Lakhani echoed the concerns, stating, "The margin for error has shrunk dramatically. Every supplier will now need to file GSTR-1 with utmost accuracy. Any lapse can impact their clients' ability to claim timely ITC. This is one of the most significant changes to the GST regime since its inception."
Time of India
09-06-2025
- Business
- Time of India
Attention B2C GST filers who are facing problem with GSTR-1: GSTN issues new advisory, Here's what experts say
The Goods and Service Tax Network ( GSTN ) has issued an advisory tweet mentioning that in table 12 of GSTR-1 return, B2B supplies information is mandatory, but B2C is optional. This means those Goods and Services Tax (GST) registered taxpayers who have to file GSTR-1 return on or before June 11, 2025 for June 2025 tax period need to mandatorily give their B2B sales information and HSN code , otherwise the system won't allow filing it. However, this has created another problem namely for those GST registered taxpayers who are selling their services or products to end consumers i.e. those with only B2C sales and no B2B sales. What did GSTN say about this problem? In a tweet dated June 7, 2025, GSTN said: As per the current implemented design, the GST system is only validating the values in Table -12 of GSTR-1 concerning the B2B table which is mandatory. Whereas the GST system is allowing any numerical value to be entered in B2C table of Table-12 of GSTR-1, even it could be left empty as the said field is not mandatory.' Chartered Accountant Deep Koradia says: 'GSTN has changed the GSTR-1 form and now separate reporting for B2B supply and B2C Supply. It's mandatory to report GSTR-1 B2B supply invoice details and its corresponding HSN codes from the May 2025 tax period. B2C supply details are optional for now. But the problem is for those GST registered taxpayers who don't have any B2B supplies. The system is not letting these taxpayers file their GSTR-1 return as their B2B supply HSN code column is blank, the deadline for which is June 11, 2025.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo The image below shows how GSTR-1 filers can't file GSTR-1 due to absence of B2B sales. GSTR-1 Source: CA Deep Koradia Live Events — Infosys_GSTN (@Infosys_GSTN) Buyers GST input tax credit may be delayed if sellers can't file GSTR-1 on time Koradia explains: 'Ideally GSTN should make both B2C and B2B supply reporting mandatory ONLY IF there is such supply in their respective tab, but instead of solving this problem, GSTN issued a clarification that B2B is mandatory, and B2C is optional. As a direct impact of sellers being unable to file their GSTR-1 return, buyers will not be able to claim their input tax credit for May 2025 tax period as their GSTR-3B will not get auto-populated with this detail. The reason for this is that the seller's GSTR-1 return feeds information into the buyer's GSTR-3B.' What is the solution to this problem? Koradia says: 'Till the time GSTN comes out with a solution for this problem, we have found a makeshift solution. Sellers with no B2B sales should write 0 (zero) in the HSN column of B2B and then fill up the B2C data. This will enable them to file GSTR-1 returns successfully.' What is table 12 of GSTR-1 return? In an advisory GSTN said: In Table-12 validation with regards to value of the supplies have also been introduced. These validations will validate the value of B2B supplies shown in different Tables viz: 4A, 4B, 6B, 6C, 8 (recipient registered), 9A, 9B (registered), 9C (registered), 15 (recipient registered), 15A (recipient registered) with the value of B2B supplies shown in table-12) Similarly, validations will validate the value of B2C supplies shown in different tablesviz: 5A, 6A, 7A, 7B, 8 (recipient unregistered), 9A (export), 9A (B2CL), 9B(unregistered), 9C (unregistered), 10, 15 (recipient unregistered), 15A (recipientunregistered) with the value of B2C supplies shown in Table-12. In case of amendments, only the differential value will be taken for the purpose of validation.
Economic Times
08-06-2025
- Business
- Economic Times
From July 1, GST returns pending three years can't be filed
ANI Goods and Services Tax (GST) The Goods and Services Tax Network on Saturday cautioned taxpayers that they will not be allowed to file their returns after three years from the due date from next month. In an advisory, it asked taxpayers to reconcile their records and file pending returns before the deadline. The restriction—set to be implemented on the GST portal from July—follows an amendment in the Finance Act, 2023. This will be applicable for various returns including GSTR-1, GSTR-3B and GSTR-9. "The said restriction will be implemented on the GST portal from July 2025 tax period. Hence, the taxpayers are once again advised to reconcile their records and file their GST returns as soon as possible, if not filed till now," the Goods and Services Tax Network (GSTN) said in its advisory. The Central Board of Indirect Taxes and Customs (CBIC) has already communicated to field formations to sensitise taxpayers about the deadline, so that they reconcile their records and file pending returns soon. Experts said the move is aimed at fostering greater discipline in the tax ecosystem and ensuring time-bound compliances.'For businesses, this advisory carries significant implications. It is absolutely imperative to ensure all returns are filed promptly to avoid loss of input tax credit to their buyers and significant penalties,' said Saurabh Agarwal, tax partner, EY. 'Looking ahead, it's highly probable that this three-year window will be further reduced,' Agarwal added. Rajat Mohan, senior partner, AMRG and Associates, said this will also help in restraining retrospective amendments. 'This move marks a definitive closure of the return filing window, aimed at bringing certainty to the tax system and limiting retrospective compliances,' said Mohan. He, however, added that it may severely impact taxpayers who- —due to litigation, system issues or genuine oversight—have pending filings. 'The absence of a redressal mechanism for exceptional cases could lead to permanent denial of input tax credit and financial setbacks,' Mohan said.
Time of India
08-06-2025
- Business
- Time of India
From July 1, GST returns pending three years can't be filed
The Goods and Services Tax Network on Saturday cautioned taxpayers that they will not be allowed to file their returns after three years from the due date from next month. In an advisory, it asked taxpayers to reconcile their records and file pending returns before the deadline. The restriction—set to be implemented on the GST portal from July—follows an amendment in the Finance Act, 2023. This will be applicable for various returns including GSTR-1, GSTR-3B and GSTR-9. "The said restriction will be implemented on the GST portal from July 2025 tax period. Hence, the taxpayers are once again advised to reconcile their records and file their GST returns as soon as possible, if not filed till now," the Goods and Services Tax Network (GSTN) said in its advisory. The Central Board of Indirect Taxes and Customs (CBIC) has already communicated to field formations to sensitise taxpayers about the deadline, so that they reconcile their records and file pending returns soon. Live Events Experts said the move is aimed at fostering greater discipline in the tax ecosystem and ensuring time-bound compliances. 'For businesses, this advisory carries significant implications. It is absolutely imperative to ensure all returns are filed promptly to avoid loss of input tax credit to their buyers and significant penalties,' said Saurabh Agarwal, tax partner, EY. 'Looking ahead, it's highly probable that this three-year window will be further reduced,' Agarwal added. Rajat Mohan, senior partner, AMRG and Associates, said this will also help in restraining retrospective amendments. 'This move marks a definitive closure of the return filing window, aimed at bringing certainty to the tax system and limiting retrospective compliances,' said Mohan. He, however, added that it may severely impact taxpayers who- —due to litigation, system issues or genuine oversight—have pending filings. 'The absence of a redressal mechanism for exceptional cases could lead to permanent denial of input tax credit and financial setbacks,' Mohan said.
