The Goods and Services Tax Network (GSTN) announced in a recent advisory that the data on old GST returns will be temporarily restored on the GST portal

GSTN restores July, and August 2017 GST returns data: How long can you access GST return data Note that this facility is only for the time being and can be reinstituted after giving advance notice

The Goods and Services Tax Network (GSTN) announced in a recent advisory that the data on old GST returns will be temporarily restored on the GST portal. This decision is a response to multiple requests from the trade community, which has faced difficulties since return data was archived.

Have you taken a backup? Old GST data to be archived from GST portal after September 30, 2024

How long you can access GST return data

GSTN has recommended downloading and storing the data if necessary, as the archive policy will be reinstituted with prior notice. This means that this facility is only for the time being and can be reinstituted after giving advance notice.

GSTN stated in an advisory on September 29, 2024, “Please refer to the advisory issued on 24th September 2024 regarding the archival of return data from the Common Portal after seven years. This data was archived in line with data archival policy. The data archival process was implemented on a monthly basis. Consequently, the return data for July, 2017, and August, 2017, were archived on 1st August and 1st September, respectively.

However, in view of the requests received from the trade due to the difficulties faced, data has been restored back on the portal. We recommend you to download and save the data if needed, as the archival policy shall be implemented again after giving advance information.”

Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By - Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Basics of Generative AI : Unveiling Tomorrow's Innovations
By - Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By - Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
By - Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Master in Python Language Quickly Using the ChatGPT Open AI
By - Metla Sudha Sekhar, Developer and Lead Instructor
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
By - Metla Sudha Sekhar, Developer and Lead Instructor
Astrology
Vastu Shastra Course
By - Sachenkumar Rai, Vastu Shashtri
Data Science
SQL for Data Science along with Data Analytics and Data Visualization
By - Metla Sudha Sekhar, Developer and Lead Instructor
Web Development
A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024
By - Metla Sudha Sekhar, Developer and Lead Instructor
Office Productivity
Mastering Microsoft Office: Word, Excel, PowerPoint, and 365
By - Metla Sudha Sekhar, Developer and Lead Instructor
Marketing
Digital marketing - Wordpress Website Development
By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
By - Metla Sudha Sekhar, Developer and Lead Instructor
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
By - CA Rahul Gupta, CA with 10+ years of domain experience, trainer
Leadership
Business Storytelling Masterclass
By - Ameen Haque, Founder of Storywallahs
Marketing
Future of Marketing & Branding Masterclass
By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant
HR
Human Potential and the Future of Employment
By - Lynda Gratton, Prof. at London Business School, Speaker, Author, Global Thought Leader
Strategy
ESG and Business Sustainability Strategy
By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader
Finance
Financial Reporting and Analytics
By - Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of Delhi

Earlier on September 24, 2024, it was announced that taxpayers will no longer be able to access GST return data older than seven years on the GST portal after September 30, 2024. Note that monthly implementation of this policy resulted in the archiving of return data for July 2017 on August 1, 2024, and August 2017 on September 1, 2024. However, the GSTN has momentarily reinstated this data on the platform due to the challenges encountered by experts and enterprises.

Here is what experts told ET Wealth Online earlier about what will happen after this rule is applicable.

No new GST notices can be sent for such archived data
Saurabh Agarwal, Tax Partner, EY India: GST notices under Section 73 (non-fraud cases) and Section 74 (fraud cases) can be issued within 3 or 5 years, respectively, from the date of filing the annual return. Since the deadline for filing the annual return is in December of the following year, notices can be issued within a maximum of 5 years and 9 months. After this period, the issuance of notices is is no longer valid. Additionally, starting from FY 2024-25, notices must be issued within 42 months from the date of furnishing the annual return. Therefore, notices cannot be issued for periods older than 7 years, as they would exceed the allowable notice period.

Gaurav Gupta, Founder and Managing Partner, Gaurav Suresh & Associates: This will act as a relief, as the notification silently specifies the period till when GST Litigation can be initiated. It is now clear that the Dealer or Service Provider shall maintain records beyond 7 years only in case of Pending Litigation. This notification itself is a shield against undue harassment by the GST Department. The government cannot send notices for such old data which is being archived unless the notice is an extension to an ongoing enquiry.

This story originally appeared on: India Times - Author:Faqs of Insurances