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GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustment

GST 180 Days Creditor Rule: ITC Reversal, Interest & Book Adjustmen Are you carrying old outstanding creditors in your books? If yes, you should check...
HomeGST UpdatesIndirect taxImportant Changes in GSTR-3B Filing starting from January 2025

Important Changes in GSTR-3B Filing starting from January 2025

Important Changes in GSTR-3B Filing starting from January 2025

Auto-populated values in GSTR-3B will be hard-locked to reduce errors and improve accuracy.

Key Changes:
▫️Pre-filled Forms:
GSTR-3B will be auto-filled based on GSTR-1, GSTR-1A, or GSTR-2B.

▫️Amendments Allowed:
Corrections to outward supplies must be done via GSTR-1A before submitting GSTR-3B
.

▫️Hard Locking:
Changes to auto-populated values will no longer be allowed directly in GSTR-3B.

▫️Adjustments must be made through GSTR-1A or IMS.

▫️Invoice Management System:
Manage ITC claims more efficiently by accepting, rejecting, or marking invoices as pending.

However GSTR-2B input tax credit column are not locked initially