Advisory on Mandatory Sequential Filing of GSTR-7 Returns

The GSTN issued Advisory No. 555 on December 4, 2024, regarding the mandatory sequential filing of GSTR-7 returns, effective from November 1, 2024, as per Notification No. 17/2024-Central Tax dated September 27, 2024.

Key Highlights

  1. Sequential Filing Requirement:

Effective Date: From the October 2024 tax period onwards, GSTR-7 returns must be filed in chronological order.

Deductors cannot skip filing for earlier months before proceeding to later periods.

  1. NiL Returns:

Deductors must file a NiL GSTR-7 return for months in which no deductions have been made.

  1. Clarification for Taxpayers:

Previous FAQs indicating that sequential filing was “not mandatory” have been superseded by this notification.

Impact on Taxpayers

Taxpayers must ensure that October 2024 GSTR-7 returns are filed before submitting returns for subsequent months.

Any backlog in filing previous GSTR-7 returns will delay the ability to file for later periods, potentially affecting compliance.

Contact Information

For further assistance, taxpayers can reach out to the GSTN Helpdesk for guidance.

This advisory aims to streamline the return filing process and improve compliance. Taxpayers are advised to adhere to the revised procedure to avoid delays or penalties.

Share on Facebook Share on Twitter

Comments (5)

  • Christoper Sirpilla December 8, 2024 - 3 months ago

    I enjoy what you guys are up too. This sort of clever work and reporting! Keep up the terrific works guys I’ve added you guys to blogroll.

  • Jerald Treso December 9, 2024 - 3 months ago

    It’s laborious to search out knowledgeable folks on this matter, however you sound like you recognize what you’re talking about! Thanks

  • Alisa Sciavillo December 9, 2024 - 3 months ago

    Greetings from Idaho! I’m bored at work so I decided to browse your blog on my iphone during lunch break. I love the info you present here and can’t wait to take a look when I get home. I’m amazed at how quick your blog loaded on my phone .. I’m not even using WIFI, just 3G .. Anyways, great blog!

  • Austin Steelman December 9, 2024 - 3 months ago

    It’s really a nice and helpful piece of information. I am glad that you shared this useful information with us. Please keep us up to date like this. Thank you for sharing.

  • Maryanne Tesar December 9, 2024 - 3 months ago

    Excellent blog right here! Also your web site lots up fast! What host are you using? Can I get your associate link on your host? I desire my site loaded up as fast as yours lol

Comments are closed.