GST UPDATEZ ON 13-10-2025 by R.SRIVATSAN, IRS, NACIN, CHENNAI
The Annual Return (Form GSTR-9) for FY 2024-25 is now LIVE on the GST portal! The taxpayers can start filing the same.
The Last Date to file the return for FY-2024-25 is 31st December 2025.
Every regular/ normal taxpayer must file GSTR-9 (and GSTR-9C, if applicable) before the due date.
The taxpayer must ensure all their GSTR-1/IFF & GSTR-3B for FY 2024-25 are filed first, as the data for GSTR 9 is aggregated from these periodical returns.
Some Key Highlights to be noted are:-
NIL GSTR-9 can/shall be filed if no sales, purchases, ITC, demand, or refund during the year.
It can be Filed Online or Offline based on number of records (suggestively one can use offline tool if >500 entries).
The Reconciliation statement (GSTR-9C) is also enabled after filing GSTR-9.
Once filed, the return cannot be revised, so the concerned taxpayer shall verify details carefully before filing.
The ITC computation is based on supplier filings up to 30 Nov 2025.
Tge taxpayer can download system-generated summaries before filing and pay any extra liability as the case may be via Form DRC-03.
One has to ensure that they don’t miss the deadline so as to avoid late fees & compliance issues!
Well….
The significant changes for Financial Year 2024-25 to align with new system features are
Detailed ITC disclosures:
The form now includes new tables that require a more granular breakdown of Input Tax Credit. The taxpayer must separately disclose ITC reversals under various rules (37, 37A, 38, 42, 43), transitional credits, import-related ITC, and any re-claims from previous years.
Auto-population of ITC from GSTR-2B:
For FY 2024-25, Table 8A in the GSTR-9 form will be auto-populated from GSTR-2B instead of GSTR-2A. This change is designed to reduce manual effort and simplify the reconciliation process.
Revised Form GSTR-9C:
The reconciliation statement now features new line items for reporting supplies where tax is paid by e-commerce operators under Section 9(5). It also clearly splits tax liability from tax paid and allows additional liability from reconciliation to be discharged via cash or ITC.
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