The income of an Association of Persons (AOP) must be assessed in its own hands. Issue Can the income earned by an Association of Persons (AOP), along with its disallowed expenses, be directly assessed and taxed in the hands of an individual member of that AOP, thereby bypassing the assessment of the AOP itself as… Read More »
New GST Changes from 1 October 2025 | NEXT GENT GST 2.0 Update Effective Date for New Changes: Many new GST changes, notified through Notification No. 16/2025, will become effective from October 1, 2025. These changes were introduced through the Finance Act, 2025. Changes in Definitions (Section 2): Local Authority: The definition of “Local Authority”… Read More »
Withdrawal of circular No. 212/6/2024-GST dated 26th June, 2024 – reg. Circular No. 253/10/2025 – GST F. No. CBIC-20001/3/2025-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing North Block, New Delhi Dated the 1st October, 2025 To The Principal Chief Commissioners / Chief Commissioners… Read More »
GST Return FILING Changes from October 2025 GST Return System Changes (from October 2025) GSTR-1 and GSTR-3B Integration: Figures from your filed GSTR-1 will now auto-populate in GSTR-3B. Crucially, this auto-populated liability data in GSTR-3B will be non-editable. If you make a mistake in GSTR-1, you must correct it through GSTR-1A before filing GSTR-3B for… Read More »