GSTN Advisory 540: Restriction in Filing GST Returns Beyond Three Years

This update specifically affects filings of GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, and GSTR-9.

In accordance with the Finance Act, 2023, dated March 31, 2023, new restrictions on GST return filing have been implemented from October 1, 2023, via Notification No. 28/2023 – Central Tax dated July 31, 2023. Under these provisions, taxpayers will no longer be allowed to submit their GST returns after three years from the original due date, impacting sections 37 (outward supply), 39 (payment of liability), 44 (annual return), and 52 (tax collected at source). This update specifically affects filings of GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, and GSTR-9.

Key Implementation Date and Action Steps

This restriction is expected to be enforced on the GST portal starting early 2025. Consequently, businesses are advised to review, reconcile, and promptly submit any outstanding GST returns within the allowed timeframe to avoid potential compliance issues.

Why Timely Filing Matters Now More Than Ever

Ensuring timely GST compliance can help avoid penalties and ensure eligibility for input tax credit claims, while also aligning businesses with current regulations. Taxpayers who have yet to file older returns are encouraged to complete their filings without delay to meet these new statutory requirements.

To Access the GSTN Advisory No.540 Click Here

Also Read: New GST Rule for Airlines to Share Passenger Data Twice: 1st within 24 Hours of Departure & Again at Wheels-off Time

READ MORE

GST Panel Proposes Increase in Affordable Housing Price Limit to ₹56 Lakh Nationwide

Delhi High Court Mandates Proper Reasoning in Rejection of Condonation Application u/s. 119(2)(b) of Income Tax

Home Loan Interest Benefit Under New Tax Regime (Section 115 BAC): A Complete Guide