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.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} 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.”
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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.
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This story originally appeared on: India Times - Author:Faqs of Insurances
