This blog post announces a significant and permanent change in GST compliance for small businesses in India. From Financial Year 2024-25, businesses with an annual aggregate turnover of up to 2 crore are exempt from filing the annual GST return (Form GSTR-9). The article details what changed, who benefits, and the tangible advantages like time and cost savings. It also highlights crucial reminders about continued monthly/quarterly filings, record-keeping, and turnover monitoring. The post emphasizes that this move will greatly enhance the "Ease of Doing Business" for millions of small enterprises.

This blog post provides a comprehensive guide for individuals who have missed the September 16, 2025, deadline for filing their Income Tax Return (ITR) for FY 2024-25. It reassures readers that filing is still possible through a "belated return" by December 31, 2025, but outlines the associated penalties, including late filing fees (₹1,000 or ₹5,000) and interest on unpaid tax. The article also details other consequences of late filing, such as the inability to carry forward certain losses, delayed refunds, and potential loss of specific deductions. It touches on rare exceptions and what happens if even the belated deadline is missed. Finally, it offers practical advice to act promptly, gather documents, compute accurately, and seek professional help, promoting MyITROnline as a solution for simplified tax filing.

This blog post clarifies the latest GST rules for bricks in India, effective September 22, 2025. It details the two tax options for most brick types (6% without ITC under composition scheme or 12% with ITC under regular scheme) and introduces a special 5% GST rate with ITC for sand-lime bricks, which cannot opt for the composition scheme. The article also highlights the crucial annual turnover threshold of ₹20 lakh for GST registration. It explains the importance of these changes, who is affected, the pros and cons, and provides actionable advice for businesses, including checking turnover, correct brick classification, scheme selection, pricing adjustments, and record-keeping. Finally, it discusses the implications for buyers and builders and outlines potential issues such as classification disputes and transitional challenges.

India's Financial Intelligence Unit (FIU-IND) has mandated comprehensive cybersecurity audits for all Virtual Digital Asset (VDA) service providers, including crypto exchanges and custodians. These audits, to be conducted by CERT-In approved auditors, signal a major shift towards a more secure and regulated crypto ecosystem in India. The move aims to combat cybercrime, money laundering, and boost investor confidence, bringing the crypto sector in line with traditional financial regulations. Firms must now prioritize compliance, update security protocols, and prepare for the new PACT certification, marking an end to lax security practices.

This blog post announces significant changes to Goods and Services Tax (GST) rates in India, set to become effective from September 22, 2025, as per Notification No. 09/2025 – Central Tax (Rate). It provides a clear, simplified table comparing old and new rates for categories like household essentials, packaged food, luxury goods, hospitality, travel, professional consultancy, and IT services. The post highlights the implications for businesses (updating systems for compliance) and consumers (potential price changes), emphasizing the government's aim for clarity and easier compliance. It concludes by advising consultation with tax professionals for specific sector-related queries.

This blog post addresses the increasing tax notices faced by Indian content creators, influencers, and consultants due to a common mismatch: clients deducting TDS under Section 194J while they file income tax returns under Section 44AD. It breaks down the key tax provisions (194J, 44AD, 44ADA), explaining what each means for freelancers and businesses. The article clarifies that a 194J deduction doesn't automatically mandate filing under 44ADA; the crucial factor is whether the profession is listed under Section 44AA. It details potential impacts on tax burden, cash flow, and the need for increased documentation, while also offering actionable steps for creators and consultants to ensure compliance, including clarifying work nature, maintaining records, client communication, cash flow monitoring, and seeking professional tax advice.

The Income Tax Department has given a final chance to correct mistakes in TDS/TCS returns for FY 2018–19 to FY 2023–24. The correction deadline is March 31, 2026. After this, only 2 years will be allowed for revisions, and unresolved errors may lead to tax notices.

This quick-reference guide lays out all key GST return due dates for September 2025 — including deadlines for GSTR-7, GSTR-8, GSTR-1, IFF (QRMP), GSTR-6, GSTR-5, GSTR-3B and GSTR-5A — plus practical notes on why on-time filing matters and a simple table you can use as a checklist.

This blog post provides a detailed overview of the key highlights from the Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26, as of September 8, 2025. It showcases significant statistics including over 13.36 crore registered users, more than 5 crore returns filed, nearly 4.72 crore verified returns, and over 3.39 crore processed returns. The post emphasizes the growing trust in the e-filing platform, faster processing times, and the success of India's digital transformation in tax administration, positioning the Income Tax Department as "Success Enablers."

This blog post provides a comprehensive guide to the upcoming GST rate changes in India, effective 22 September 2025, focusing specifically on the implications for Input Tax Credit (ITC) on stock. It explains the new simplified tax slab structure (5%, 18%, 40% for luxury goods) and details how businesses should handle ITC for stock purchased before the changes, supplies made after the changes, and unsold old inventory. The post offers practical advice on identifying stock, claiming eligible ITC, reversing ITC where necessary, seeking manufacturer support, and maintaining audit-ready records to navigate this significant tax transition effectively.

This blog post details the Central Board of Direct Taxes' (CBDT) extension of due dates for filing Income Tax Returns (ITRs) and tax audit reports for Assessment Year (AY) 2025-26. It explains the reasons behind the extension, provides a clear table of new deadlines for various taxpayer categories (individuals, audit cases, and transfer pricing cases), and discusses why tax professionals are still advocating for further extensions. The post also outlines the penalties and interest associated with missing these extended deadlines, including fees under Section 234F and interest under Section 234A. Finally, it offers practical advice for taxpayers to ensure timely compliance.

The Central Board of Direct Taxes (CBDT) has issued a significant corrigendum to the recently enacted Income-tax Act, 2025. This blog post delves into the necessity and impact of these corrections, highlighting various typographical, grammatical, and structural fixes. It explains why such legislative "housekeeping" is crucial for legal accuracy and preventing disputes, while also providing context on the broader reforms introduced by the Income-tax Act, 2025, including a simplified structure, unified tax year, and digital-first assessments. The key takeaway emphasizes that while the corrigendum doesn't alter tax policy substance, it ensures the Act is legally sound and ready for smooth implementation, supporting India's goal of a simpler, more transparent tax framework.