Reetu | Dec 7, 2024 |
GSTN issued Advisory on Mandatory Sequential Filing of GSTR-7 Returns
The Goods and Services Tax Network (GSTN) has issued an advisory on the Mandatory Sequential Filing of GSTR-7 Returns.
Multiple tickets have been received regarding the sequential filing of returns in Form GSTR-7. Taxpayers are referencing FAQs for the same, wherein “it is not mandatory” is mentioned.
To clarify, It is to inform that following changes have been introduced in the return filing process for GSTR-7 with effect from 01.11.2024 onwards.
According to Notification No. 17/2024-Central Tax, dated September 27, 2024, and effective November 1, 2024, GSTR-7 filing has been done sequentially beginning with the October tax period. Thus, GSTR-7 returns must be filed in chronological order, beginning with the October 2024 return period. It is important to note that if no deductions are made for a given month, deductors must fill out a NiL return.
For any further assistance, taxpayers may contact the GSTN helpdesk.
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