Coriolis Corp Newsletter December 2025
Dear All,
The GST ecosystem in India continues to evolve — recent changes by GSTN and the Government are sharpening compliance norms while also offering reliefs to taxpayers.
As we move into December, it’s important for businesses to stay alert, adapt quickly, and ensure compliance.
November 2025 – Key GST Updates
Mandatory Bank Account Update under Rule 10A — In an advisory issued on 20 November 2025, GSTN clarified that registered taxpayers (except certain exempt categories) must furnish valid bank-account details on the GST portal. Non-compliance may lead to suspension of GST registration.
Time-Bar on Pending Returns (3-Year Rule Enforced) — Effective November 2025 tax period, GSTN will bar filing of any returns (monthly, quarterly, annual) that are overdue
by three or more years from the original due date. Business/tax-paying entities must check their return history and complete outstanding filings before they become non-fileable.
Simplified GST Registration Scheme Introduced — From 1 November 2025, a new scheme under Rule 14A allows small/low-risk taxpayers (with output tax liability below a prescribed threshold) to avail speedy registration. Applicants who opt in and comply with Aadhaar authentication may obtain registration electronically within three working days.
We remain committed to keeping you informed with timely, accurate and actionable updates. As always, feel free to reach out if you need assistance navigating these changes or aligning them with your business operations.