Income tax returns not allowed after 3 years of due date
From July 2025, GST returns filed over three years late will be disallowed, following a Finance Act 2023 amendment. The move enforces stricter compliance, impacting returns like GSTR-1 and GSTR-3B. Experts warn of potential financial setbacks for delayed filings due to genuine issues, with no redressal mechanism currently in place.
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