GST Return: If you file GST returns, then there is important news for you. Since May 2025, the government has made a major change in the GSTR-1 form. Now traders will have to give information about their B2B i.e. business-to-business and B2C i.e. business-to-consumer business.
The aim of this change is that the information being given in the return should be more clean and accurate. The government wants the tax related figures to be perfect, so that the tax authorities will be able to know how much business is being done in which sector. With this, tax evasion will also be controlled. Also, it will be easy to match in e-invoices and returns data.
Now table 12 in GSTR-1 is divided into two parts. One part will only be for B2B transactions, where it will be necessary to give information about HSN code and unit. At the same time, the second part has been made for the information of B2C transaction, but currently it has been kept optional to give information. The government wants traders to fill B2C data on their own so that when it is made mandatory in the coming time, no one has trouble.
However, this whole change is currently in warning mode. That is, if you do not fill any information, then your return will be filed. But this can be necessary in future, so it will be prudent to prepare for it in time.
Due to this change, some small traders initially faced problems. Especially those who do only B2C business. He also started getting the system of data filling in the B2B table. On this, the government has given a solution that such traders must enter HSN code and units, but fill ‘0’ in all other value fields. This will file a return and no mistake will be seen.
Tax experts believe that this change will make the tax system more transparent. E-invoice will make it easier to match returns, it will be easy to catch ups in tax audit and also increase confidence among traders. Overall, the government aims to strengthen the GST system on the basis of data. If businessmen start understanding these changes from now on, then they will not have any problem in the coming time.
Jio Blackrock was allowed to give advice related to investment from SEBI, investors