Starting November 1, 2025, India’s GST 2.0 reforms will introduce a simplified registration system with 72-hour auto-approval for low-risk applicants.
GSTR-9 filing for FY 2024-25 is now live from October 13, 2025, with a December 31 deadline. CBIC’s Notification No. 16/2025 introduces key updates like IMS-based ITC auto-population, revised reconciliation logic, and new Table 6A1 for cross-year ITC tracking.
The CBIC has issued Notification No. 45/2025-Customs dated October 24, 2025, consolidating 31 customs duty exemption notifications, including Notification No. 50/2017-Customs, into a single master notification effective from November 1, 2025.
Stay updated with the key Income Tax and GST compliance due dates for November 2025. Includes important deadlines for TDS deposit, TDS certificates, Form 24G, GSTR-1, GSTR-3B, GSTR-7, GSTR-8, ISD returns, and QRMP filings.
The Kerala High Court has upheld the validity of the proviso to Section 194A(3) of the Income Tax Act, 1961, making it mandatory for co-operative societies with turnover above Rs 50 crore to deduct TDS on interest paid to depositors.
A thought-provoking narrative on personal finance, this piece explores how mindful money management builds confidence, stability, and true financial independence.
Learn everything about the Legal Entity Identifier (LEI), a 20-character global identification code for companies and organizations engaged in financial transactions.
From Sept 22, 2025, India shifts to two GST slabs - 5% and 18%. Paper packaging and printing job work under Chapter 48/49 now attracts only 5% GST.
From November 1, 2025, the government will launch a new GST registration system under GST 2.0 reforms, offering automatic approval and faster registration for low-risk applicants.
In his insightful article, the author breaks down the complexities of sponsorship classification under GST with wit and clarity. Through real-world examples, he explains how brand promotion differs from event logistics, the impact of the 2025 RCM–FCM amendment and the risks of misclassification that can trigger Section 74A proceedings.
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