✅ 1. GST Amnesty Scheme Clarification (Section 128A)
- CBIC Notification: Payments made via GSTR-3B before Nov 1, 2024, are valid for amnesty eligibility.
- Appeal Requirement Eased: Taxpayers need not fully withdraw appeals; an intimation suffices.
- Deadline Alert: Pay dues by March 31, 2025, and file application by June 30, 2025.
📌 Source: CBIC Press Release, Economic Times
🔐 2. Mandatory Multi-Factor Authentication (MFA)
- Applicable to all GST portal users starting April 1, 2025.
- Enhances login security through OTP-based verification.
📌 Source: GSTN Advisory
🧾 3. Input Service Distributor (ISD) Made Mandatory
- Businesses with multiple GST registrations (under the same PAN) must register as ISD.
- Ensures proper ITC distribution for shared services.
- Non-compliance may trigger ITC reversal & penalties.
📌 Source: ClearTax, MyGSTRefund
🧮 4. E-Invoice Reporting Timelines (For AATO > ₹10 Cr)
- E-invoices must be reported within 30 days of invoice date.
- Late invoices will be rejected by IRP — risks loss of ITC to buyers.
📌 Source: GSTN Notification via Taxmann
🛒 5. GSTR-7 & GSTR-8 Format Changes
- GSTR-7 (TDS) and GSTR-8 (TCS) now require:
- Improves data reconciliation and traceability.
📌 Source: Taxmann Updates
🚛 6. E-Way Bill Generation Limits
- E-Way Bills allowed only for documents within 180 days from issue.
- Extension limited to a max of 360 days.
- Applicable from Jan 1, 2025, but now strictly enforced.
📌 Source: GST Portal Update
🚗 7. GST Rate Hike on Sale of Used Cars
- GST rate revised from 12% to 18%, effective April 1, 2025.
- Applies to second-hand vehicle dealers and companies disposing vehicles.
📌 Source: Taxmann
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