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With the deadline for December 2024 returns set for January 11, 2025, many Indian businesses are facing delays in filing their GSTR-1 returns due to ongoing technical issues on the Goods and Services Tax Network (GSTN) portal. Taxpayers are urging immediate action and requesting an extension of the filing deadline.
The Central Board of Direct Taxes (CBIC) has extended the deadline to file monthly GST return using GSTR-1 and GSTR-3B…
GSTN Advisory no. 571 dated 10.01.2025 Dear Taxpayer, Due Date for filling of GSTR-1 and GSTR-3B have been extended by…
Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period January 2025. In this phase manual entry of HSN has been replaced by choosing correct HSN from given Drop down. Also, Table-12 has been bifurcated into two tabs namely B2B and B2C, to report these supplies separately.
GSTN has implemented multiple changes in Table 12 of GSTR-1 return starting from the January 2025 tax period. The deadline to file GSTR-1 for January 2025 tax period is February 11, 2025. This means on or before February 11, 2025 when you file GSTR-1 the specified new rules will have to be followed otherwise the return will be considered faulty. Needless to say if the supplier’s GSTR-1 is faulty then the buyer’s GSTR-2B will get populated with wrong details.
HC permitted assessee to resubmit corrected Form-GSTR-1 as there will be no loss to revenue
HC quashed assessment order since GST was inadvertently shown as payable in GSTR-1 but corrected in GSTR-9 & GSTR-3B
The Government has reduced the threshold limit for reporting of invoice wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 Lakh to 1 Lakh which needs to be reported in Table 5 of Form GSTR-1 and Table 6 of GSTR-5.
Bank Accounts section under the Amendment of Registration Non-Core Fields has been updated with a new interface
GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network (GSTN) has said in an advisory. As per GST Rule 10A, a taxpayer is required to furnish details of a valid bank account within a period of 30 days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both in Form GSTR-1 for using Invoice Furnishing Facility (IFF), whichever is earlier.