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May your Dhanteras be filled with abundant prosperity, success in your endeavors, and joy in your home! ✨
18/10/2025

May your Dhanteras be filled with abundant prosperity, success in your endeavors, and joy in your home! ✨

*📢 GSTN Clarification – No Change in Auto ITC or GSTR-3B Filing!*⚠️ GSTN has noticed fake posts spreading confusion abou...
11/10/2025

*📢 GSTN Clarification – No Change in Auto ITC or GSTR-3B Filing!*

⚠️ GSTN has noticed fake posts spreading confusion about ITC changes from 1 Oct 2025. It has officially clarified the facts as under:

1️⃣ Auto-Population of ITC (No Change)
✅ Input Tax Credit (ITC) will continue to auto-populate from GSTR-2B → GSTR-3B automatically.
✅ No manual intervention required.
✅ The new Invoice Management System (IMS) does not change this process.

2️⃣ GSTR-2B Generation
📌 GSTR-2B will still be generated automatically on the 14th of every month.
📌 Taxpayers can take actions in IMS even after 2B generation and regenerate it if required (till filing of GSTR-3B).

3️⃣ Credit Note Handling (Effective Oct 2025)
✔️ Recipients can keep a Credit Note pending for a certain period if not yet finalized.
✔️ On acceptance, they can adjust ITC manually, only for the amount availed earlier — giving flexibility & accuracy.

✅ *Key to remember*:
No change in ITC auto-population or GSTR filing.

🤝Stay Connected! Stay Informed!

📢 FOR DEDUCTORS / COLLECTORS – IMPORTANT UPDATE🗓️ As per the new Income Tax Act, 2025 (effective 1 April 2026):The old I...
10/10/2025

📢 FOR DEDUCTORS / COLLECTORS – IMPORTANT UPDATE

🗓️ As per the new Income Tax Act, 2025 (effective 1 April 2026):

The old Income Tax Act, 1961 will stand repealed.

Under Section 397(3)(f), deductors/collectors can now file TDS/TCS correction statements within 2 years from the end of the relevant tax year.

💡 Earlier: No fixed long-term window for corrections.
🆕 Now: Clear 2-year timeline = more flexibility, but also responsibility to update filings promptly.

🔍 Action Point:
All deductors, collectors, and accountants should note the revised timeline and plan corrections accordingly.

🤝Stay Connected! Stay Informed!

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