Important 😯 GST Changes May 2025 |GSTR-1 New Additions |GSTR-3B locking|GST Refund|GST Registration

Summary

This video provides an in-depth overview of the latest GST updates, focusing on crucial changes such as the revised refund filing process for export services, the introduction of invoice-based filing, and the mandatory submission of GST returns (GSTR 7, 1, and 3B). Key updates include the freezing of data in GSTR 3B's Table 3.2, the requirement to fill out Tables 12 and 13 in GSTR 1, and simplified GST registration processes. It also highlights the government's new approach to handling unnecessary document requests during GST registration and the upcoming GST Tribunal. Stay informed with these important changes to stay compliant and up-to-date.

Takeaways

• 😀 GST refund filing process has been updated with new changes for export of services, SCZ units, and deemed export claims. Taxpayers no longer need to select the tax period while filing refund applications.
• 😀 Refund claims now require uploading invoice details and submitting a statement (e.g., Statement 2 for export of services). Once uploaded, invoice details become locked and cannot be reused in other refund applications.
• 😀 GST taxpayers who deduct TDS now have a mandatory requirement to file GST returns using GSTR-7, regardless of whether the return is Nil or not.
• 😀 A new change in GSTR-3B requires Table 3.2 to be locked for April returns, which will auto-populate from GSTR-1 data and cannot be edited. Corrections must be made in GSTR-1 or subsequent periods.
• 😀 GSTR-1 and GSTR-3B are now more integrated. Changes in Table 12 and 13 (HSN-wise summary and document details) in GSTR-1 have been made mandatory. Missing details in these tables will prevent filing.
• 😀 It is crucial for taxpayers to accurately file GSTR-1, especially with the new mandatory reporting of documents in Table 13, including invoices, debit/credit notes, and canceled invoices.
• 😀 GST registration procedures have been simplified, with a clear list of required documents for registration, reducing unnecessary document requests by officers. A grievance email system is also being introduced for taxpayer complaints.
• 😀 The government is working to implement invoice-wise reporting in GSTR-7, which was initially supposed to be effective from April 2025, but this feature is still under testing on the GST portal.
• 😀 Taxpayers must prepare for the upcoming freezing of GSTR-3B tables, starting with Table 3.2. Ensure books are reconciled to avoid errors when submitting returns.
• 😀 GSTR tribunal is expected to be established soon, which will provide a platform for resolving disputes. Keep updated on this development.

Q & A

What is the first important update discussed in the video?

The first important update is related to the refund filing process in GST. There have been changes in the procedure for claiming refunds for export of services with payment of tax, supply to SEZ units or developers, and deemed export refunds.

What has changed in the refund filing process for export of services with payment of tax?

Previously, taxpayers had to select a tax period when filing for refunds. Now, this option has been removed, and taxpayers no longer need to select a tax period when applying for refunds. Instead, the filing is now invoice-based.

What is the role of Statement 2 in the refund process for export of services?

In the case of export of services with payment of tax, Statement 2 is required. It includes the details of the export invoices and must be attached when filing for a refund. An offline tool is available for generating this statement.

How has the filing system for GST refunds changed with respect to invoice details?

With the new update, taxpayers must upload eligible invoices and claim refunds based on invoice details. Once the invoices are uploaded with the refund application, they become locked and cannot be added to other applications unless the current application is rejected or withdrawn.

What is the second update discussed in the video related to GST filing?

The second update concerns GST returns for persons who deduct TDS under GST. It is now mandatory for them to file GST R-7 forms, even if their returns are nil. Additionally, GST R-7 has been amended to capture invoice-wise reporting, effective from April 2025 onwards.

What is the current status of the invoice-wise reporting in GST R-7?

As of now, the invoice-wise reporting feature in GST R-7 has not been activated on the portal because it is still under development and testing. It will be deployed on the portal soon, and users are advised to file as they did previously until then.

What significant change has been made to the GST R-3B form?

A major change has been made to Table 3.2 in GST R-3B. The data in this table will now auto-populate and will be locked, preventing users from editing it. If errors are found, they must be corrected through GST R-1 or future filings.

What does the freezing of Table 3.2 in GST R-3B mean for taxpayers?

The freezing of Table 3.2 means that the data in this table, which is auto-populated based on GST R-1, cannot be edited by taxpayers. This change is part of preparations for more stringent reporting requirements in the future.

What change has been made to GST R-1 with respect to Tables 12 and 13?

GST R-1 now mandates the filing of Table 13, which includes document details, and Table 12, which summarizes HSN-wise sales. Table 13 must be filled out completely, and Table 12 has been divided into two parts for B2B and B2C transactions.

What changes have been made to the GST registration process?

The GST registration process has been simplified. The government has issued a list of documents that GST officers can request. They can no longer ask for unnecessary documents. If taxpayers face issues with unnecessary requests, they can raise grievances via a newly introduced email ID.