#gstr-9

The Government of India, in its December 4, 2025 FAQ update on GSTR-9/9C for FY 2024-25, clarified key reporting requirements for taxpayers. Reverse charge mechanism (RCM) liabilities and corresponding ITC paid in FY 2025-26 should be reported in GSTR-9 of FY 2025-26. Ineligible ITC availed for FY 2023-24 but claimed or reversed in FY 2024-25 must be reported in Table 6A1 of GSTR-9, while reversals pertaining to FY 2023-24 need not be included elsewhere.

W.P.(MD) No. 20087 of 2025 — Madras High Court (Madurai Bench) — Order dated 30.07.2025 Category: Late Fee / Penalty on GSTR-9 (Annual Return)Relevant Provisions: Section 44, Section 125, Section 29 of TNGST/CGST Act, 2017; Notification No. 28/2023–CT dated 31.07.2023 (extending timelines) Facts of the Case (Paras 1–5) The petitioner, Star Industries, challenged the order dated 17.02.2025 passed…

A. The Law Relevant Sections – CGST Act, 2017 Section 35(5): Annual return requirement. Section 39: Furnishing of returns. Section 44: Annual return by every registered person. Section 47: Levy of late fee for delayed filing. Relevant Rules – CGST Rules, 2017 Rule 80: Annual return in Form GSTR-9. Key Point: Form GSTR-9 is the annual return for every regular taxpayer (including SEZ…

Year End Compliance: Complete These Important Tasks Till 31 December 2024 Year End Compliance: The year 2024 is about to end and the new year 2025 will begin in some days. The end days of 2024 are very special, because deadline for completing some important tasks is going to end on 31 December 2024. These include tasks from ITR to savings schemes. (1.) The Income Tax Department started the…

Tax Due Date: Important Income Tax And GST Due Dates on 30/31 December 2024 Tax Due Date: Here is the list of important income tax and GST due dates on 30/31 December 2024 which will help you in timely compliance under the Act. Income Tax 30 December 2024 (1.) Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of November,…

GSTR-9: Important Advisory On GSTR-9 For FY 2023-24 After receiving various concerns regarding possible mismatch between the values of Table 8A and Table 8C of GSTR-9 for FY 2023-24, the GSTN has issued an important advisory on the same. The GSTN said in the advisory that: (1.) For FY 2023-24 onwards, the total Input Tax Credit (ITC) in Table 8A of GSTR-9 shall be auto-populated from GSTR-2B…

Input Tax Credit (ITC) Claiming Last Date If taxpayer has unclaimed Input Tax Credit (ITC) of FY 2023-24, then the last date of claiming the same is near. As per Notification No. 18/2022- Central Tax, Dated 28.09.2022, last date of claiming unclaimed ITC for FY 2023-24 is 30th November 2024. i.e. taxpayer has to claim the unclaimed ITC of FY 2023-24 in GSTR-3B return(s) of FY 2024-25 filed…

A Groundbreaking Ruling on Input Tax Credit by the Honourable Madras High Court: Insights from SRI SHANMUGA HARDWARES ELECTRICALS Case In the intricate realm of tax compliance and regulatory frameworks, the Honourable Madras High Court has recently issued a landmark judgement that promises to significantly impact the way input tax credit (ITC) claims are approached in India. The case in question,…