
GST compliance: Returns to be time-barred after 3 years starting July 2025; experts warn of risks in absence of redressal
Starting with the July 2025 tax period, Goods and Services Tax (GST) returns will become time-barred after three years from the original due date, the GST Network (GSTN) said in an advisory issued Saturday.
This means taxpayers will no longer be able to file monthly or annual returns beyond that window, with the restriction set to be enforced on the GST portal from August 2025 onward.
The move is part of amendments introduced through the Finance Act, 2023, aimed at tightening compliance and closing long-standing return backlogs. The rule applies to a wide range of returns, including GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8 and GSTR-9 — covering outward supply declarations, tax payments, and annual summaries, PTI reported.
"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 stated.
Taxpayers have been urged to reconcile their records and submit any pending returns without delay to avoid permanent closure of the filing window.
Tax experts, however, raised concerns about the impact on those unable to comply due to litigation, technical glitches or inadvertent delays.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
This Device Made My Power Bill Drop Overnight
elecTrick - Save upto 80% on Power Bill
Pre-Order
Undo
'While this step enhances system discipline and curtails prolonged non-compliance, it may severely impact taxpayers who, due to litigation, system issues, or genuine oversight, have pending filings,' said Rajat Mohan, Senior Partner at AMRG & Associates.
He also pointed to the lack of a redressal mechanism for exceptional situations, warning that it could result in irreversible denial of Input Tax Credit and cause financial strain for affected businesses.
The GSTN had first issued a preparatory alert on this measure, indicating the system-level rollout would begin in early 2025.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
26 minutes ago
- Time of India
Westinghouse pursues US nuclear expansion after Trump orders, FT says
Nuclear equipment supplier Westinghouse is in talks with U.S. officials and industry partners about deploying 10 large reactors, in response to presidential executive orders, the Financial Times reported on Sunday, citing the company's CEO. President Donald Trump's executive orders, which were published on May 23, directed the government to cut down on regulations and fast-track licences for reactors and power plants to shrink a multi-year process to 18 months. Dan Sumner, Westinghouse interim chief executive, told the FT that the company was "uniquely positioned" to deliver the president's agenda because it had an approved reactor design, a viable supply chain and recent experience of building two of its AP1000 reactors in Georgia. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Most Expensive Cars In The World "There is active engagement with the administration, including key points of interface with the loan programmes office, recognising the importance of financing to the deployment of the model," he told the FT. Westinghouse did not immediately respond to requests for comment outside regular business hours. Live Events


Time of India
34 minutes ago
- Time of India
NYT Connections Hints June 8: Puzzle #728 offers tricky wordplay and clever clues and answers
Today's NYT Connections puzzle for Sunday, June 8, 2025, brings another challenging round for word game enthusiasts, with Puzzle #728 leaving many users seeking assistance. For those looking for a nudge—or the full solution—the following hints and breakdown aim to offer clarity without spoiling the fun prematurely. The NYT's Connections game, a daily offering from The New York Times following the immense popularity of Wordle, has continued to captivate its global audience. As players return each day for a new set of associations, the puzzle's difficulty ranges from casual word links to sophisticated linguistic twists. What Is NYT Connections? Connections is a free-to-play word association puzzle game accessible via mobile and desktop browsers. Each daily game presents a grid of 16 words, and players must categorize them into four themed groups. These groups are color-coded by difficulty: yellow (easy), green (moderate), blue (challenging), and purple (most difficult). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like I lost my wife, now my son is in danger, please help him! Donate For Health Donate Now Undo Puzzle #728, the Connections today challenge for June 8, maintained this structure but featured particularly nuanced categories that required players to think outside the box. Connections Hint June 8: Here Are Today's Clues Before jumping straight into the answers, here are four category hints, as per a report by Beebom to guide players through today's NYT Connections June 8 without immediately revealing the groups. Live Events Steady Effort – Words associated with maintaining action or position. Economic Creatures – Animal terms symbolizing trends in financial markets. Digital Footprints – Terms typically found in online biographical summaries. Sounds Like Money – Words that sound like slang for currency but have unrelated meanings. These subtle clues are designed to help solvers make connections without resorting to spoilers. However, those struggling with the Connections June 8 puzzle may find the full solutions helpful below. NYT Connections Hints Today: The Final Answers For players who have given the game their best and still find themselves puzzled, here are the complete answers, according to a report by the Parade magazine for Sunday's Connections puzzle #728 : Yellow Group (PERSIST): HOLD, LAST, STAND, STAY These words reflect the theme of persistence or continuity. Green Group (ANIMAL METAPHORS IN ECONOMICS): BEAR, BULL, DOVE, HAWK Classic representations of market behavior—aggressive or cautious investment attitudes. Blue Group (SIDEBAR INFO ON A PERSON'S WIKIPEDIA PAGE): BORN, EDUCATION, OCCUPATION, SPOUSE Common data points listed in online biographies, particularly on Wikipedia. Purple Group (HOMOPHONES OF SLANG FOR MONEY): BRED, CACHE, DOE, LUTE Trickiest of the bunch, these are homophones for 'bread,' 'cash,' 'dough,' and 'loot' respectively—informal terms for money. As the week progresses and the Strawberry Moon rises in the night sky, fans of NYT puzzles can expect more thematic challenges. Whether it's June 8 or any other day, the evolving difficulty and clever wordplay of Connections today continues to provide intellectual stimulation to thousands around the world. FAQs What is the NYT Connections game? NYT Connections is a daily word association puzzle from The New York Times in which players must group 16 words into four categories based on shared themes. The categories are color-coded by difficulty: yellow (easy), green (medium), blue (hard), and purple (trickiest). Where can I play NYT Connections? You can play Connections for free on The New York Times website or through a mobile browser. It does not require a subscription.


Time of India
38 minutes ago
- Time of India
Real estate market: Major listed firms sell over Rs 1 lakh crore properties; Godrej leads
India's top listed real estate firms recorded a blockbuster performance last fiscal, with property sales surging past Rs 1.62 lakh crore, marking a jump of over 20% from the previous year. Leading the charge was Godrej Properties, which emerged as the biggest seller among 26 major listed players, clocking pre-sales worth Rs 29,444 crore. The data, compiled from investor presentations and regulatory filings, shows that the growth was largely powered by residential projects, particularly in the luxury segment, while commercial sales made up a smaller share. DLF Ltd, the country's largest developer by market capitalisation, secured the second spot with Rs 21,223 crore in bookings, up from Rs 14,778 crore in the previous fiscal. The company's standout performer was its ultra-luxury project The Camellias in Gurugram, which saw strong buyer interest. Mumbai-based Macrotech Developers, known for its Lodha brand, followed close behind with Rs 17,630 crore in bookings, a rise from Rs 14,520 crore a year ago. Prestige Estates Projects and Signature Global rounded out the top five, with the latter nearly touching Rs 10,300 crore. The rest of the pack saw varied performance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Aditya Birla Real Estate saw sales double to Rs 8,087 crore, while Brigade Enterprises and Max Estates also registered solid growth. On the other hand, Sobha Ltd, Puravankara Ltd, and Prestige Estates Projects reported slight declines in sales. Among developers with below Rs 5,000 crore bookings, Delhi-based TARC Ltd, Mahindra Lifespace Developers, and Mumbai's Keystone Realtors (Rustomjee) showed healthy year-on-year gains. Even smaller players such as Arkade Developers, Suraj Estate Developers, and Lucknow-based Eldeco Housing posted modest but consistent sales, signalling broad-based resilience in the sector. Market experts credited the strong performance of listed firms to the shift in consumer preference towards branded and reputed players who have better track record of executing real estate projects. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now