Knowledge Hub
Compliance deadlines, tax circulars, GST notifications, MSME updates, and MCA changes — curated to keep you ahead of your obligations.
Compliance Calendar
calendar_monthTDS / TCS Payment
Deducted in April 2025
GSTR-1 (Monthly)
Outward supplies · April 2025
GSTR-1 IFF (QRMP)
Optional invoice furnishing · Apr 2025
GSTR-3B (Monthly)
Tax payment · April 2025
TDS Certificates (16B/16C)
For Q4 FY 2024-25
TDS Return (26Q / 24Q)
Q4 · FY 2024-25
GSTR-1 (Monthly)
Outward supplies · May 2025
Advance Tax — 1st Instalment
15% of annual liability · FY 25-26
GSTR-3B (Monthly)
Tax payment · May 2025
Latest Regulatory Updates
Budget 2025 — Revised Tax Slabs Under New Regime (FY 2025-26)
Income up to ₹12 lakh effectively exempt via Section 87A rebate. New regime is now default for all individual taxpayers. Basic exemption under new regime raised to ₹4 lakh. Standard deduction remains at ₹75,000.
Updated Return (ITR-U) Window Extended to 4 Years
Budget 2025 extended the ITR-U filing window from 2 years to 4 years from the end of the relevant assessment year, subject to additional tax payment of 60%/70% depending on timing.
E-Invoicing Mandatory for Taxpayers Above ₹5 Crore Turnover
Mandatory e-invoicing extended to entities with aggregate annual turnover exceeding ₹5 crore. IRN generation now required for all B2B supplies. Non-compliance results in invalid invoices and ITC denial for recipients.
ISD Mechanism Made Mandatory — Circular 237/31/2024
Input Service Distributor mechanism made mandatory for distribution of common input service ITC across branches. Existing cross-charge arrangements need review before April 2025 deadline.
RTPS 2025 — Rajasthan Transport Promotional Scheme Notified
The Rajasthan Transport Promotional Scheme 2025 has been officially notified. Manufacturing MSMEs can claim freight reimbursement subject to eligibility conditions. Contact us for an eligibility assessment for your unit.
SBO Disclosure Requirements Tightened Under Companies Act
MCA has enhanced Significant Beneficial Owner disclosure norms. Non-filing of BEN-1 within prescribed timelines now attracts compounding liability. Companies should audit their SBO structure immediately.
TDS on Salary — Employer Obligation to Consider Other Income
CBDT clarified that employers must consider other income declared by the employee while computing TDS on salary under Section 192. Non-compliance makes employer liable for interest and penalty.
Useful Portals & Resources
Key government portals your business should have bookmarked.