Tax Connect
madhuvridhi
Author: Tax Connect with madhuvridhi
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Essential Compliance Deadlines for Businesses Jan-March 2026
The road to March 31st is paved with deadlines. To ensure your business stays in the fast lane without any regulatory roadblocks, we’ve mapped out the Compliance Essentials for Jan – March 2026. What’s inside: ✅ Key GST & Income Tax Milestones. ✅ Critical MCA Filing Extensions. ✅SEBI Regulation deadline ✅ Pro-tips for Year-End Financial…
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Mumbai ITAT Decision: Tax Authorities Must Accept Declared Profits if Books Not Rejected
This ruling serves as a vital precedent for taxpayers facing ex-parte assessments. It reinforces that tax authorities cannot disregard audited financial statements without valid grounds for rejection. Additionally, it highlights the importance of analyzing the actual date of property transactions rather than relying solely on the date of TDS payments when determining the correct assessment…
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How Missing Bank Details Lead to GST Registration Suspension
Urgent GST Update: Auto-Suspension of Registration for Missing Bank Details Date: December 8, 2025 Topic: GST Advisory No. 641 (Rule 10A Compliance) The Goods and Services Tax Network (GSTN) has issued a critical advisory (Advisory No. 641, dated December 05, 2025) that impacts all registered taxpayers who have not yet updated their bank account details…
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GST Alert: Correcting Auto-Populated Values in GSTR-3B
It is to inform you that from November-2025 tax period onwards, value of supplies auto-populated in Table 3.2 of GSTR-3B from the returns/forms mentioned above, shall be made non-editable. The GSTR-3B shall be filed henceforth with the system generated auto-populated values only in table 3.2.
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Revised Small Company Definition & Compliance Benefits
Revised Criteria for Small Company & Eased Compliance for Small Companies
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New GST IMS Update: Import of Goods & Bill of Entry Integration (Effective Oct 2025)
A new feature is added in the Invoice Management System (IMS) on the GST portal for imported goods
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Decoding GSTR-9 and GSTR-9C for FY 2024-25: Your Essential FAQ Guide
The Goods and Services Tax Network (GSTN) has issued a set of FAQs to provide clarity on filing the Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) for the Financial Year (FY) 2024-25.
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CBDT Extends Income Tax Deadline for AY 2025-26
The Central Board of Direct Taxes (CBDT) on Wednesday extended the deadline for filing of income tax returns and submitting audit reports for the assessment year 2025-26, providing relief to taxpayers and professionals, particularly companies, proprietorship and working partners in firms requiring mandatory audits.
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Last Chance to Submit GST Returns Before Expiry
For ease of reference and better clarity, the latest GST returns that will be barred from filing w.e.f 1st December 2025 are detailed in the table below:
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Track I-T Notice Reply Reviews: New Portal Feature Explained
The new feature ensures taxpayers know when their response has been accessed by the tax authority.