GST Compliance: Essential Deadlines for December 2025 December 11, 2025: Monthly Outward Supplies Filing (GSTR-1) This is the due date for filing the GSTR-1 for the month of November 2025 for regular taxpayers who file their returns monthly. December 13, 2025: IFF Filing for Quarterly Taxpayers (IFF) This is the due date for furnishing… Read More »
December 2025 Income Tax Deadlines: Key Dates for Filing and Payments December 10, 2025: Extended Income Tax Return (ITR) Filing Deadline This is the due date for filing the return of income for Assessment Year (AY) 2025-26 for specific categories of assessees who do not have any international or specified domestic transactions. This deadline… Read More »
Goa State Tax Administration Strengthened with Expanded Officer Powers Order for Administrative Strengthening The Office of the Commissioner of State Tax, Goa, issued Order No. CCT/26-2/2025-26/3919 on November 26, 2025. The purpose of this order is to strengthen the administrative mechanism for the smooth and efficient implementation of the provisions under the Goa Goods… Read More »
Critical GST Alert: Update Bank Account Details by December 2nd to Prevent Registration Suspension Urgent Compliance Mandate The Goods and Services Tax Network (GSTN) has issued an advisory urging all GST-registered taxpayers to promptly update their bank account details on the GST portal. This mandatory action is required to ensure compliance with Rule 21A read… Read More »
GST System Shutdown Alert: Mandatory Disaster Recovery Drill Scheduled Maintenance Activity The Goods and Services Tax Network (GSTN) informed taxpayers and stakeholders about a scheduled Disaster Recovery Drill. This drill is a maintenance activity essential for ensuring the robustness of the GST system. Purpose of the Drill The primary goal of the Disaster Recovery… Read More »
MCA Set to Exempt Firms with Turnover Up to ₹1 Crore from Statutory Audit Issue: To provide substantial compliance relief for India’s smallest companies by exempting those with low annual turnover from the mandatory requirement of a statutory audit under the Companies Act, 2013. Facts: The Ministry of Corporate Affairs (MCA) is weighing a… Read More »
Warning: Ignoring Income Tax Mismatch Notice May Result in a Tax Demand Issue: To inform taxpayers about the increased volume of system-generated intimations under Section 143(1)(a) of the Income Tax Act and to warn them of the serious financial and compliance consequences of failing to respond to these notices or correct the discrepancies. Facts:… Read More »
FM Sitharaman: GST 2.0 Increased E-Commerce Trade by 22% Issue: To highlight the successful initial impact of the Goods and Services Tax (GST) 2.0 rate rationalization on the digital economy, specifically e-commerce trade volumes and overall consumer purchasing power. Facts: The GST 2.0 tax revision and rate reduction measures were announced and implemented effective… Read More »
Bajaj to Tweak KTM, Triumph Range to Meet GST Benefits Issue: Bajaj Auto faces a tax disadvantage on its mid-to-high capacity motorcycle range (KTM and Triumph) because the engine displacement of popular models is slightly above the 350cc threshold, causing them to attract the highest GST slab instead of the concessional rate. Facts: The recent… Read More »
India’s Textile Exports Shows Resilience and Diversification; Growth recorded in exports to 111 Countries Posted On: 12 NOV 2025 6:20PM by PIB Delhi India’s Textile & Apparel, including handicrafts exports, demonstrated remarkable resilience in the first half of FY 2025-26 despite global headwinds and tariff-related challenges in major markets. India’s global exports of textiles, apparel… Read More »