CA Umesh Sharma
Quick Summary
In this insightful Arjuna-Krishna dialogue, the duo explores why the October 2025 GST return holds special significance for businesses. Krishna explains that October marks the last window to reconcile FY 2024-25 data including outward supplies, ITC reversals, and credit notes, before statutory deadl
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FAQ :
The October 2025 GST return is crucial because it's the last chance to reconcile and adjust data for FY 2024-25, including outward supplies, ITC reversals, and credit notes, before statutory deadlines close.
Businesses must ensure their books match the outward supplies reported in GSTR-1 and GSTR-3B for FY 2024-25. Any discrepancies, like missing invoices or overreported values, need to be adjusted in the October 2025 return.
The October 2025 return is the final opportunity to claim pending Input Tax Credit (ITC) for FY 2024-25, as per Section 16(4) of the GST Act. This includes reconciling with GSTR-2B and following up with vendors for missing invoices.
No, credit notes for overcharged tax or excess taxable value on invoices from FY 2024-25 can only be issued and reported up to the October 2025 GSTR-3B return filing.
You should request your supplier to upload the missing invoice in their GSTR-1 and pay the tax in their October 2025 GSTR-3B. This ensures it reflects in your GSTR-2B, allowing you to claim the ITC in your October 2025 return.
The revised GSTR-9 for FY 2024-25 includes ITC that appears in FY 2025-26's GSTR-2B. Businesses must ensure any such ITC is claimed in their GSTR-3B returns from April to October 2025 to reconcile figures correctly.
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