01/2025-Central Tax — Seeks to extend the due date for furnishing FORM GSTR-1 for the month of December, 2024 and the quarter of October to December, 2024, as the case may be

This notification, 01/2025-Central Tax, issued by the CBIC on January 10, 2025, is essentially a breather for taxpayers struggling to meet the usual deadlines for filing their GSTR-1 returns. GSTR-1 is the monthly or quarterly statement that details all outward supplies (sales) made by a registered business.

In simple terms, this notification extends the due date for submitting your GSTR-1 for two specific periods: the month of December 2024 and the quarter of October to December 2024. This applies to all registered taxpayers who are required to file GSTR-1, whether they are filing it monthly or quarterly. So, if you’re a business registered under GST, this notification likely affects you.

The key takeaway is the extension of the deadline. While the specific extended date isn’t detailed in the notification's title and requires checking the notification document itself, you now have more time to accurately prepare and file your GSTR-1 for December 2024 (if you file monthly) or the October-December 2024 quarter (if you file quarterly). Make sure to check the actual notification document for the new, extended due date to avoid any penalties for late filing. The CBIC typically issues such notifications to address technical glitches, system overloads, or in response to representations from trade and industry associations requesting more time to comply.