New updates on GST and Tax Law in India

GSTN has reopened the ITC reversed balance field for amendments until 30.11.2024, and advised taxpayers to download their GST returns data due to a new data archival policy. Notices and orders on the GST portal must be digitally signed by departmental officers. Additionally, GSTN has announced the launch of the GSTN e-Services app.

As a one-time measure, GSTN has re-opened the opening balance field in the “Electronic Credit Reversal and Re-claimed Statement” to allow reporting of the opening balance of ITC reversed in Table 4B (2) of Form GSTR-3B but not reclaimed till the return period of July 2023, till 31.10.2024. Amendments can be made till 30.11.2024.

GSTN suggested that the issuance of notices and orders through the online portal can be done by departmental officers only through digital signature authentication. Accordingly, taxpayers can verify the authenticity of any document.

Further, taxpayers are advised to download their GST returns data from the portal, given the fact that GST returns data will be taken down after 7 years.

GSTN has launched the GSTN e-services app, which allows taxpayers to verify e-invoices, search for GSTINs, and view their return filing history. The app will soon be available on the Google Play Store and Apple App Store.