GSTN Advisory to file pending GST returns before expiry of three years

As per the Finance Act,2023 (8 of 2023), dt. 31-03-2023, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years from the due date of furnishing the said return under Section 37 ( Outward Supply), Section 39 (payment of liability), Section 44 ( Annual Return) and Section 52 (Tax Collected at Source). These Sections cover GSTR-1, GSR-1A, GSTR 3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR 7, GSTR 8 and GSTR 9 or 9C.

Hence, above mentioned returns will be barred for filing after the expiry of three years from the due date. The said restriction will be implemented on the GST portal from November 2025 Tax period which means any return whose due date was three years back or more and hasn’t been filed till November Tax period will be barred from Filling. In this regard an advisory was already issued by GSTN on 29th October, 2024.

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December 2025.

The ‘specified date’ of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26), in the case of assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, originally due on 30th September 2025, was extended to 31st October 2025. The Central Board of Direct Taxes has decided to further extend the said ‘specified date’ from 31st October 2025 to 10th November 2025.

The Gujarat High Court (HC) has directed the Central Board of Direct Taxes (CBDT) to extend the ITR filing deadline for taxpayers under audit to 30 November 2025. The court has stressed the legal requirement of a one-month interval between the audit report deadline and the return-filing date, and has asked the CBDT to issue the extension circular by 16 October and report back.

The Punjab & Haryana High Court has taken serious notice of the delay by the CBDT in formally extending the ITR filing deadline for audited taxpayers. The Court has stated that non-compliance with directions issued by another High Court could lead to contempt proceedings.

The Centre has announced that there will be no additional GST on tobacco and related products. Instead, to preserve the tax burden level, an additional central levy outside the GST framework will be introduced. This move coincides with the nearing sunset of the GST compensation-cess regime, and aims to secure revenue from high-yield “sin” products while simplifying classification under the GST regime. The effective tax incidence on tobacco items remains around 53 %, and about 88 % for pan masala

India’s GST system is set for a major ease-of-doing-business reform from November 1, 2025, as the Finance Ministry rolls out an automatic GST registration process under the GST 2.0 reforms.
Low-risk businesses with monthly tax liabilities under ₹2.5 lakh will get auto-approval within three working days, eliminating long waits and reducing compliance hurdles.
The move is expected to benefit over 96% of new GST applicants, particularly MSMEs and startups, signalling the government’s push toward a faster, digital, and trust-based tax ecosystem.

The GST portal has enabled Form GSTR-9 (annual return) and Form GSTR-9C (reconciliation) for FY 2024–25; taxpayers can now file and reconcile returns ahead of the December 31, 2025 deadline.

The Reserve Bank of India decided to maintain the repo rate at 6.5% during the latest monetary policy meeting on October 10, 2025, amid inflationary pressures.

The Income Tax Department has announced revised deadlines for filing tax returns for the assessment year 2025-26. Individual taxpayers must submit their returns by December 31, 2025, while businesses have until January 15, 2026.

This extension aims to accommodate taxpayers facing challenges due to the recent economic fluctuations. The government encourages all taxpayers to complete their filings in advance to avoid last-minute issues.

"We understand the pressures faced by taxpayers and are making these adjustments to facilitate compliance," stated a senior official from the Income Tax Department.

The Goods and Services Tax (GST) Council has introduced significant changes to the e-invoicing rules aimed at streamlining compliance for businesses. Starting from January 2026, all registered businesses with a turnover exceeding ₹10 crores must adopt e-invoicing.

The Securities and Exchange Board of India (SEBI) has unveiled a comprehensive framework aimed at strengthening the resilience of Indian markets by 2030. This initiative will focus on enhancing technology, governance, and the ease of doing business within the financial sector. The plan includes increasing investor confidence through improved regulatory measures and technological advancements.

In a significant market move, UTI Asset Management has decided to halt new investments in its Silver Exchange Traded Funds (ETFs), following similar actions taken by Kotak Mahindra Asset Management. This suspension comes in the wake of soaring silver prices, which have recently reached record highs, raising concerns about market volatility and investor sentiment.

ED has arrested two Chartered Accountants and a cryptocurrency trader for operating cyber scam racket of Rs 640 crores. The racket was being handled and supported by several CA, CS, cyptocurrency traders and foreing handlers. Scam includes time job scam, betting, gambling and various kind of phishing scams.

Nirmala Sitaraman presented Banking Laws Amendment Bill 2024 in Lok Sabha and the same got passed by a voice vote on 3rd Dec 2024. Opposition parties members' called the bill a step towards privatisation.

Recently on CBI convicted two Income Tax Practitioners for fraudulently obtaining TDS refunds using fake certificates. CBI imposed 2 years Jail and fine of Rs.60,000.