GSTN has issued an advisory dated 27-01-2025 clarifying that the hard locking of the auto populated values in GSTR-3B will not be implemented for the month of January 2025, owing to requests received from the stakeholders seeking some more time for the same.
GSTN issued advisory on hard locking of auto-populated liability in GSTR-3B
CBIC issued Notification no. 02/2025 – Central Tax dated 10.01.2025. It seeks to extend the due date for furnishing FORM GSTR-3B for the month of December, 2024 and the quarter of October to December, 2024, as the case may be.
Good news for GST registered taxpayers who filed GSTR-3B to claim pending input tax credit (ITC) for FY 17-18, 18-19, 19-20 and 20-21 but were prevented from claiming it due to due date related issues. Many of these taxpayers received GST demand notice because they did not file GSTR-3B return on or before the deadline. As per the GST law ITC can’t be claimed without filing GSTR-3B return. One issue led to another. Without getting the benefit of ITC their final output tax liability increased unnecessarily.
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…
CBIC issued Notification no. 30/2024 – Central Tax dated 10.12.2024 Seeking extension of the due date for furnishing FORM GSTR-3B for the month of October, 2024 for registered persons whose principal place of business is in the district of Murshidabad in the state of West Bengal.
CBIC issued Notification no. 29/2024 – Central Tax dated 27.11.2024 to hereby extends the due date for furnishing the return in FORM GSTR-3B for the month of October, 2024 till the thirtieth day of November, 2024, for the registered persons whose principal place of business is in the State of Manipur.
CBIC issued Notification no. 26/2024 – Central Tax dated 18.10.2024 regarding extension of due date for filing GSTR-3B for the month of October 2024.
If you are a GST registered taxpayer and want to claim any pending ITC for FY 2023-24 or amend any errors or omissions under GST then note the last date to do so is November 30, 2024. If you miss this opportunity, then you may lose out on claiming ITC if any remains to be claimed for FY 2023-24. Needless to say, if you do not get the benefit of claiming input tax credit then it will result in loss as you can’t offset your output tax liability with input tax credit.
