GST rule change: Returns pending over 3 years to become time-barred from November tax period; should businesses rush to file before the deadline?
GST rule change: Returns pending over 3 years to become time-barred from November tax period; should businesses rush to file before the deadline?
Businesses with pending GST returns for three years or more will face a filing ban from November 2025. The GST Network announced this restriction, implementing a 2023 amendment to the GST law aimed at enhancing compliance. This means returns with due dates three years prior and unfiled will be permanently barred.
Businesses with pending GST returns for three years or more will face a filing ban from November 2025. The GST Network announced this restriction, implementing a 2023 amendment to the GST law aimed at enhancing compliance. This means returns with due dates three years prior and unfiled will be permanently barred.