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Great news for taxpayers and tax professionals across India — the GST Appellate Tribunal website is now fully functional, and the filing of GST appeals has officially begun ! ✅ What Is the GST Appellate Tribunal? The Goods and Services Tax Appellate Tribunal (GSTAT) is a statutory body established to resolve disputes under GST laws. It acts as the second level of appeal for taxpayers aggrieved by orders passed by the First Appellate Authority (such as the Commissioner Appeals). With the launch of its dedicated digital portal , the Tribunal now offers taxpayers a more structured and accessible way to file appeals — digitally and efficiently . 📌 Key Features of the GSTAT Portal: Online Appeal Filing : Taxpayers can now file appeals directly through the portal without having to visit offices. Secure e-Sign Integration : Ensures safe and authenticated submission of documents. Dashboard Access : Track draft cases, payment status (online/offline), and e-filed appeals in rea...

  File Your Income Tax Return (ITR) for FY 2024-25 – Deadline 31st July 2025! Filing your Income Tax Return (ITR) on time is crucial to avoid penalties, ensure hassle-free financial transactions, and maintain a good compliance record. The due date for filing ITR for the Financial Year 2024-25 is 31st July 2025 . Avoid last-minute rush and errors — start your process today! 📑 Documents Required for ITR Filing: Ensure you have the following documents ready to make the filing process smooth and accurate: Bank Statements Current Account, Savings Account, FD Account Statement, or Passbook Covering the period from 01.04.2024 to 31.03.2025 Form 16 (Part A & Part B) For salaried individuals, issued by the employer for FY 2024-25 Contains details of salary income and tax deducted at source (TDS) Property Transaction Details Information related to any property purchased or sold during the year Share Trading Details Summary of gains/losses from eq...

  📄 Everything You Need to Know About Filing Form No. 61 – Due by 30th April 2025 As the Financial Year 2024-25 draws to a close, it’s important to stay updated with all critical tax compliance deadlines. One such important requirement is the filing of Form No. 61 . Let's understand what it is, who needs to file it, and why timely submission is essential. What is Form No. 61? Form No. 61 is a declaration form that is required when a person does not have a Permanent Account Number (PAN) but undertakes transactions where quoting PAN is mandatory. Entities collecting these declarations must submit the details through Form No. 61 to the Income Tax Department. Key Deadline 🗓️ Due Date : The last date to file Form No. 61 for declarations received between October 1, 2024, and March 31, 2025 , is 30th April 2025 . Failure to file Form No. 61 within the stipulated time could lead to penalties under the Income Tax Act. Who Should File? Banks Financial Institutions De...

As we approach the end of the financial year, it's important to stay compliant with all required tax formalities. One such crucial task is the submission of Form 15G/15H for the January–March 2025 quarter. 🗓️ Quarter: January – March 2025 The due date for furnishing the Form 15G/15H declarations collected during this quarter is 30th April 2025 . 📝 What are Form 15G and 15H? Form 15G and Form 15H are self-declaration forms that individuals can submit to banks and other financial institutions to ensure that no TDS (Tax Deducted at Source) is deducted on their income. Form 15G is for individuals below the age of 60 years and Hindu Undivided Families (HUFs). Form 15H is exclusively for senior citizens (aged 60 years or above). By submitting these forms, eligible individuals declare that their total income is below the taxable limit and therefore no TDS should be deducted on their interest income. ✅ Who Needs to Submit? Individuals earning interest income on fi...

  📝 FORM 10AB Condonation Request for Section 12A – Now Available! Are you a trust or NGO that missed applying for revalidation of registration under Section 12A? There’s good news! The condonation request for Form 10AB is now available for filing, thanks to a new provision introduced in the Finance Act (No. 2), 2024 . 🔍 What is Form 10AB? Form 10AB is the application form used for the revalidation or renewal of charitable trust/NGO registrations under Section 12A of the Income Tax Act, 1961. Revalidation became mandatory after amendments made by the Finance Act, 2020. However, due to missed deadlines, many trusts lost their benefits. To address this, the Finance Act (No. 2), 2024, now allows filing condonation requests to regularize these lapses. ✅ Who Can Apply? Trusts and NGOs that failed to file Form 10AB within the stipulated deadline. Those seeking condonation under Section 12A to restore income tax exemptions. 📌 Key Highlights: The condonation req...

  📢 TDS Payment – AO Permitted (Quarterly) | Due Date Alert for Jan–Mar 2025 For businesses and deductors who have obtained special permission from the Assessing Officer (AO) , the facility to deposit TDS on a quarterly basis is a convenient compliance benefit. But with this flexibility comes the responsibility of timely payments. 🔹 Applicable Sections: Quarterly TDS deposit is permitted under the following sections, only if prior approval has been granted by the AO : Section 192 – Salary payments Section 194A – Interest other than interest on securities Section 194D – Insurance commission Section 194H – Commission or brokerage 🗓️ Relevant Period: January to March 2025 📅 Due Date for Payment: 30th April 2025 This is the final deadline to remit TDS deducted for the last quarter of FY 2024–25 under the permitted quarterly scheme. ⚠️ Consequences of Late Payment: Failure to deposit TDS within the due date may lead to: Interest @ 1.5% per month (...

As the financial year closes and the new one kicks off, it’s essential for all deductors — especially those other than Government offices — to ensure timely compliance with TDS (Tax Deducted at Source) obligations. One critical deadline approaching is the TDS payment for the month of March 2025 , and the due date is April 30, 2025 . Let’s break down the specifics, implications, and why it's crucial to stay ahead of this deadline. 📌 Who Should Pay Attention? This due date is applicable to: All non-government deductors (like businesses, companies, partnerships, professionals, etc.) Who have deducted TDS during the month of March 2025 ⚠️ This deadline does not apply to Government offices where TDS is paid without the production of a challan. Separate due dates apply to such cases. 🗓️ What is the Due Date? TDS for the month of March 2025 Due Date for Payment: 30th April 2025 This extended deadline for March is provided considering year-end activities, r...

  📢 GSTR-3B Filing Alert – Due Date: 20th April 2025 Attention GST Registered Businesses! The due date to file GSTR-3B for the month of March 2025 is 20th April 2025 . Timely filing is essential to stay compliant and avoid hefty interest and penalties. 🔍 What is GSTR-3B? GSTR-3B is a monthly self-declared summary return under the Goods and Services Tax (GST) regime. It captures the summary of outward supplies , input tax credit (ITC) claimed , tax liability , and tax paid . It is a crucial return and is mandatory for most regular taxpayers. ✅ Who Should File GSTR-3B? GSTR-3B must be filed by: Taxpayers with an annual turnover exceeding ₹5 crore in the previous financial year Taxpayers who have not opted for the QRMP (Quarterly Return Monthly Payment) scheme for the Jan–Mar 2025 quarter Businesses registered under regular GST (not composition scheme) 📅 Due Date & Period Return Period: March 2025 Due Date: 20th April 2025 Applicable To: ...

  📢 GSTR-5A Filing Due Date – Important Compliance Alert for OIDAR Service Providers 🗓 Due Date: 20th April 2025 📌 Filing Period: March 2025 If you're a service provider offering Online Information and Database Access or Retrieval (OIDAR) services from outside India to unregistered individuals or customers in India , this is for you! GSTR-5A is a critical return that must be filed monthly under the GST regime. 💡 What is GSTR-5A? GSTR-5A is a special return form under GST applicable to non-resident OIDAR service providers . These include foreign companies or individuals providing digital services such as: Online advertising Cloud-based software access Streaming services (music, movies, etc.) Online gaming E-books, data storage services, etc. If such services are being supplied to unregistered users in India (typically consumers), GSTR-5A is mandatory and must be filed electronically. 🧾 Who Needs to File GSTR-5A? Non-resident suppliers of OIDAR...

  📢 CMP-08 Filing Reminder for Composition Dealers – Due Date: 18th April 2025 As the GST compliance calendar rolls forward, here's an important reminder for composition taxpayers! 🔔 What is CMP-08? CMP-08 is a Quarterly Challan-cum-Statement that needs to be filed by taxpayers who have opted for the Composition Scheme under GST. This form allows taxpayers to: Declare the summary of their outward supplies . Pay the tax liability for the respective quarter. For the quarter January to March 2025 , the due date for filing CMP-08 is 18th April 2025 . 📝 Who Should File CMP-08? The following taxpayers are required to file CMP-08: ✅ Registered persons under the Composition Scheme (Section 10 of CGST Act). ✅ Dealers with turnover up to ₹1.5 crore (₹75 lakhs in some states). ✅ Taxpayers who opted into the scheme and deal only in intra-state supplies of goods/services. If you're a manufacturer, trader, or restaurant owner under the Composition Scheme, this appl...

  📢 Income Tax Due Date Alert – 15th April 2025 ⏰ Attention Authorized Dealers: Submit Form No. 15CC for Jan–Mar 2025 If you're an authorized dealer of foreign exchange , this is a crucial compliance update you cannot afford to miss. 📝 What is Form No. 15CC ? Form 15CC is a quarterly statement required to be furnished by authorized dealers to the Income Tax Department. It contains details of foreign remittances made outside India under Rule 37BB of the Income Tax Rules. This filing helps the government monitor foreign transactions and ensures proper tax compliance on remittances. 🔍 Applicability : ✅ Applicable to Authorized Dealers (Banks and Financial Institutions) ✅ Report remittances made to non-residents during the quarter ✅ Mandatory even if no TDS was deducted on such remittances ✅ Covers remittances made under Liberalized Remittance Scheme (LRS) and other categories 📆 Due Date : 15th April 2025 ✔ For the quarter ending March 2025 (Jan–Mar) ❗ Why T...

  📢 TDS Certificate Due Date Reminder – 14th April 2025 Are you managing your tax responsibilities efficiently? Here’s a critical compliance alert for deductors! 🗓 Due Date : 14th April 2025 📌 Purpose : Issuance of TDS Certificates 📍 Applicable For Tax Deducted in February 2025 under the following sections: 🔹 Section 194-IA – TDS on payment for the transfer of immovable property 🔹 Section 194-IB – TDS on rent payments by individuals/HUF (not liable for tax audit) 🔹 Section 194M – TDS on payments by individuals or HUF for professional services, contracts, or commission exceeding ₹50 lakh 🔹 Section 194S – TDS on payments for transfer of Virtual Digital Assets (VDA/cryptocurrency) 🛡 Why Timely Issuance of TDS Certificates Matters: ✅ Avoid late fee and interest penalties under the Income Tax Act ✅ Maintain trust and transparency with deductees ✅ Ensure smooth tax filing and return process for recipients ✅ Stay fully compliant and audit-ready ⏳ Don't Miss th...