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Showing posts from July, 2025

Major GST & Filing Updates 2025: Must-Know for Businesses

India in 2025 has made amendments to its Goods and Services Tax (GST) system, which was introduced in 2017. The main purpose of the same amendment is that businesses and individuals must follow the tax norms, reduce tax fraud, and rectify the way tax is managed through technology. The GST Network (GSTN) and the Central Board of Indirect Taxes and Customs (CBIC) have executed new processes and software systems to facilitate the procedure of tax return filing for the people. Such rectifications have the motive to make the tax filing process easier, reducing mistakes, and ensuring that everyone, taxpayers and tax professionals alike, takes responsibility for their tax obligations. Updates for the same have been given, and the impact they have had on businesses, accountants, and GST software providers. GSTR‑3B Locking Mechanism Introduced from July 2025 An amendment was made in 2025 to the way businesses report their taxes using GSTR-3B. The details of sales that businesses make (known as ...