Objectives: To explore Bianchi type-III cosmological models in f (G) gravity theory with time-varying deceleration parameters. Methods: In this paper, to get the exact solution of the field equation in the presence of perfect fluid, we consider: (i) the relation that shear scalar (σ )is proportional to the expansion scalar(θ ), resulting in C = B n . (ii) time-varying deceleration parameter, q = −1 + 1 √ t suggested by Dewri (1) , indicating an accelerated expansion of the universe. (iii) the power-law f (G) model, which is compatible with the recent observational data. Also, along with the graphical representation, the geometrical and physical aspects are examined. Findings: In this study, the model transit from the early decelerating phase(q > 0) to the present accelerating phase (q < 0), and in support of that, violation of the strong energy condition with negative pressure is observed, ultimately indicating the presence of the dark energy. It is worthwhile to mention that the contribution of dark energy initially lies in the phantom domain(ω < −1). After a period of time, it extends to the quintessence domain(ω > −1) and later approaches to Λ cold dark matter (CDM) model (ω = −1) at a late time. Novelty: The universe's evolution has been explored in the framework of f (G) gravity, identifying the cosmological parameters of the model obtained in this work. The negative pressure and the falling of strong energy conditions suggest its consistency with the recent cosmological observation of the dark energy universe, and the findings of this study may contribute to a deeper comprehension of the universe's accelerated expansion.