This blog offers a thorough examination of the most recent GST announcements and modifications from January 28 to February 3, 2025. The hard locking of the automatically generated tax obligation in GSTR-3B, improved automation in submitting GST returns, clarifications of ITC eligibility, extensions of the GST return deadline for some industries, and improvements to the GSTN site are some of the major developments. The goals of these improvements are to increase taxpayer satisfaction, decrease mistakes, and improve compliance.

With effect from February 2025, the GSTN has implemented Phase-3 modifications for HSN code reporting in GSTR-1 and GSTR-1A. These modifications are intended to improve compliance, guarantee standardization, and increase data accuracy. Businesses may face initial difficulties, but there are substantial long-term advantages. To guarantee a seamless transfer, get ready today.

Significant changes were made to the GST this week (January 14–20, 2025) for both taxpayers and companies. Highlights include clarifications on e-invoicing thresholds, rate modifications for EV batteries and BPO services, GST Council meeting outcomes, and extensions for GSTR-3B reporting deadlines. To assist stakeholders in successfully navigating these changes, the blog discusses notices, compliance tactics, industry responses, and impending deadlines.