Gst Returns

Govt extends deadline for filing GSTR-3B return by 5 days till Oct 25

The government on Sunday extended the due date for filing the monthly GSTR-3B tax payment form by 5 days till October 25. The Central Board of Indirect Taxes and Customs (CBIC), in a notification, said the GSTR-3B filers for September and the July-September quarter can pay taxes by October 25. "@cbic_india extends the GSTR-3B filing deadline," the CBIC said in a post on X. GSTR-3B is a monthly and quarterly summary return that registered taxpayers file in a staggered manner between the 20th, 22nd and 24th of every month for different categories of taxpayers. The extension was on expected lines, with October 20 being the Diwali festival.

NBFCs likely to see rise in non-performing retail loans in FY26: Moody's

The latest goods and services tax (GST) reform could spur demand for vehicle loans, but also increase asset risks because collateral values can decline

GST returns to become time-barred after 3 years starting July tax period

GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. The July 2025 tax period means taxpayers will file monthly returns in August this year. In an advisory, the Goods and Services Tax Network (GSTN) said taxpayers will not be able to file GSTR-1, GSTR 3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR 7, GSTR 8 and GSTR 9 on expiry of three years from the filing due date. The amendments to Goods and Services Tax (GST) law with regard to time barring were effected through the Finance Act, 2023. Thus, GST outward supply returns, besides returns related to payment of the liability, annual returns and tax collected at source will become time-barred. "The returns will be barred for filing after expiry of three years. The said restriction will be implemented on the GST portal from the July 2025 Tax period," the GSTN advisory said. It advised taxpayers to reconcile their

Officers find 25K fake firms fraudulently passing ₹61,545 cr ITC in FY25

Central and state GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth Rs 61,545 crore during 2024-25, officials said. During the 2024-25 fiscal ending March 2025, Central and state GST officers recovered Rs 1,924 crore by way of blocking ITC and arrested 168 persons. As per data on ITC frauds unearthed by Central and State GST officers, over the two years 2023-24 and 2024-25, 42,140 fake firms were detected, which were involved in fraudulently generating ITC of over Rs 1.01 lakh crore. Rs 3,107 crore was recovered by way of blocking of ITC, and 316 arrests have been made. "The Central and State Governments and GSTN have taken various steps to prevent fake ITC claims, including providing intelligence inputs, detecting fraudulent registration, and suspicious e-way bill activity," an official told PTI. Under the Goods and Services Tax (GST) regime, ITC refers to the taxes paid by businesses on purchases from suppliers. This tax ca

GST receipts decline to three-month low but hold on to Rs 1.65 trn in Dec

Average monthly gross GST collection -- Rs 1.66 trillion in the first nine months -- represents a 12 per cent rise over the Rs 1.49 trillion recorded in the corresponding period of FY23

Number of GST return filers up 65% to 11.3 mn in 5 years: Finance ministry

The number of GST return filers rose about 65 per cent to 1.13 crore in 5 years till April 2023 as compliance by taxpayers improved, the finance ministry said on Sunday. Also, the number of active taxpayers registered under GST increased from 1.06 crore as of April 2018, to 1.40 crore. As per data shared by the ministry, 90 per cent of eligible taxpayers are filing GSTR-3B returns by the end of the filing month in current fiscal year, up from 68 per cent in 2017-18, the first year of GST rollout. "Simplification in Rules and Procedure in GST has resulted in increase in return filing percentage by eligible taxpayers," the ministry said in a post on X. A nationwide Goods and Services Tax (GST) was rolled out on July 1, 2017. It subsumed over a dozen local taxes like excise, service tax and VAT. The number of GSTR-3B filers increased from 72.49 lakh in April 2018, to 1.13 crore as of April 2023. GSTR-3B is the monthly return form for filing outward supplies details and tax ...

Centre to come up with pre-filled GST return forms by year-end: Report

The consolidated form, being readied by the Central Board of Indirect Taxes and Customs, will allow the GST-payers to view all of their transactions as well as e-invoices

CBIC issues guidelines for scrutiny of GST returns for FY20 onwards

The CBIC has come out with a standard operating procedure (SoP) for scrutiny of GST returns for fiscal 2019-20 onwards under which the analytics unit will identify returns for scrutiny depending on various risk parameters. As per the SoP, selection of returns for scrutiny will be done by the Directorate General of Analytics and Risk Management (DGARM) based on various risk parameters identified by them. DGARM will select the GSTINs registered with the Central Tax authorities, and the details of GSTINs selected will be made available on the scrutiny dashboard of the concerned Central Tax officer on ACES-GST application. "The details of the risk parameters, in respect of which risk has been identified for a particular GSTIN, and the amount of tax/ discrepancy involved in respect of the concerned risk parameters (i.e. likely revenue implication), will also be shown on the scrutiny dashboard of the proper officer for their convenience, the SoP said. Earlier this month, the Central Board

CBIC rolls out module for automated scrutiny of GST returns: FinMin

In the module, discrepancies on account of risks associated with a return are displayed to the tax officers

CBIC rolls out module for automated scrutiny of GST returns of taxpayers

The Central Board of Indirect Taxes and Customs (CBIC) has rolled out a module for automated scrutiny of GST returns. This module will enable the officers to carry out scrutiny of GST returns of Centre Administered Taxpayers selected on the basis of data analytics and risks identified by the System, the finance ministry said in a statement. In the module, discrepancies on account of risks associated with a return are displayed to the tax officers. Tax officers are provided with a workflow for interacting with the taxpayers through the GSTN Common Portal for communication of discrepancies noticed. Implementation of this Automated Return Scrutiny Module has commenced with the scrutiny of GST returns for FY 2019-20, and the requisite data for the purpose has already been made available on the officers' dashboard, the statement added.

GSTN now part of AA network to facilitate cash flow lending to MSMEs: RBI

The AA network had been in discussion with the GSTN network for their onboarding for a long time as this would give financial institutions access to data regarding small businesses

Slow GST portal: CBIC mulls extending Sept returns filing due date

With taxpayers facing slow functioning of the GSTN portal, CBIC on Thursday said it is examining the proposal of extending the deadline for filing GST returns for September. GSTR-3B is filed in a staggered manner between the 20th, 22nd, and 24th of each month by taxpayers in different states. Thursday being the last day for filing returns for some category of taxpayers, many reported slowness in the portal while filing their monthly GSTR 3B returns. In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) said it has received "an Incident Report" from GSTN regarding slowness in the system along with a proposal for extending the due date. "We continue to monitor the matter closely and the proposal for extension is being examined in consultation with the GST Council so that there is no burden of late fees or interest on the taxpayer," the CBIC said. The GST Network (GSTN) provides the technology backend for the Goods and Services Tax (GST). Infosys is the service provider

CBIC issues guidelines for scrutiny of GST returns for FY18, FY19

The Central Board of Indirect Taxes & Customs (CBIC) has issued a standard operating procedure for the scrutiny of GST returns for financial years 2017-18 and 2018-19, the first two years of the roll-out of the new taxation regime. "Till the time a module for online scrutiny of returns is made available on the CBIC-GST application, as an interim measure, the following Standard Operating Procedure (SOP) is being issued by the board in order to ensure uniformity in selection/ identification of returns for scrutiny, methodology of scrutiny of such returns and other related procedures," the CBIC said. It said that selection of returns for scrutiny is to be based on specific risk parameters. The Directorate General of Analytics and Risk Management (DGARM) has been assigned the task to select the GSTINs registered with central tax authorities, whose returns are to be scrutinised, and to communicate the same to the field officers from time to time. The guidelines aim to ensure that ...

Govt says GSTN portal working fine as tax consultants list glitches

Industry associations seek extension of deadline to file annual returns.

New provision from Jan 1: GST officials to make surprise recovery visits

Those with an annual turnover of up to Rs 5 crore can file quarterly returns, if they choose so

Hit by GST recovery notices and summons, industry calls for help

GST authorities are issuing notices containing denial of input tax credit and in many cases they are blocking the entire input tax credit, even if only one vendor fails to deposit GST

Businesses can now self-certify GST returns, instead of mandatory CA audit

GST taxpayers with a turnover of over Rs 5 crore can now self-certify their annual return, instead of a mandatory audit certification by chartered accountants, the CBIC has said

Government extends monthly GST return filing deadline to June 26

The Central Board of Indirect Taxes and Customs (CBIC) in a series of tweets listed out the various relaxations extended by the Council.

Late fee relief to non-filers of GST returns to help small biz: Experts

The rationalisation of late fees for delayed filing of monthly GST returns will give relief to small businesses and add to the government revenue, according to tax experts

GST technical glitches behind input tax credit frauds: CAG report

CAG recommended fixing a definite time frame for rolling out simplified GST return forms