🧠 Krishna-Arjun Dialogue Summary:
Arjun: Krishna, I hear changes are coming to GST returns. What should taxpayers know?
Krishna: Yes, Arjuna. Big changes are coming. From July 2025, GSTR-3B’s outward tax liability will be auto-filled based on GSTR-1/IFF and cannot be edited.
Arjun: What if there’s a mistake in GSTR-1?
Krishna: Then file GSTR-1A (between GSTR-1 and GSTR-3B) to correct or add invoices. It will update GSTR-3B automatically.
Arjun: Any updates in GSTR-1?
Krishna: Yes. From May 2025:
- B2B & B2C data must be entered separately in Table 12.
- HSN codes:
- Mandatory for B2B.
- Optional for B2C if turnover < ₹5 crore.
Arjun: What’s the key takeaway?
Krishna: Timely, accurate filing is crucial. Understand the rules, correct errors via GSTR-1A, and ensure proper HSN reporting to avoid penalties or mismatch.
🧾 GST Return Filing Changes (Effective May & July 2025)
🔹 Key Changes in GSTR-3B (From July 2025)
- Auto-Populated Liability will become non-editable.
- Data from GSTR-1/IFF will directly flow into GSTR-3B without manual changes.
- Error correction: Use GSTR-1A (after GSTR-1, before GSTR-3B) to rectify mistakes in outward supplies.
🔹 Key Changes in GSTR-1 (From May 2025)
- Table 12 split into:
- B2B Supplies (with mandatory HSN codes).
- B2C Supplies (HSN codes optional if turnover < ₹5 crore in previous FY).
- Accurate bifurcation between B2B and B2C is required for correct reporting.