Planmytaxllp

16/03/2026

🚨🚨 GST Portal Advisory: New Step Added While Filing GSTR-3B

📅 Effective from February 2026

The GST Portal has introduced an additional step during GSTR-3B filing on the payment page.

📌 What’s the change?

• Taxpayers must open the tab “Tax Liability Breakup, As Applicable” before filing GSTR-3B.
• The portal will auto-populate tax liability related to earlier period supplies reported in GSTR-1 / GSTR-1A / IFF.
• This step ensures that any previous period liability is correctly reflected in the return.

⚠️ Current Issue

Due to a technical system issue, confirmation is being asked in every case, even when there is no additional liability.

✅ What should taxpayers do?

Simply:
1️⃣ Open the “Tax Liability Breakup, As Applicable” tab
2️⃣ Review the details (if any)
3️⃣ Click SAVE
4️⃣ Proceed with GSTR-3B filing

📢 This requirement is temporary and will remain until the portal issue is resolved.

13/01/2026

Lohri 2k26✨️💪

11/01/2026

🚚 GST in Transportation & Logistics – Simplified for Businesses

11/01/2026

Why Is Licensing Mandatory Before Starting Any Business or Service?

01/01/2026

02/12/2025

🚀 MCA Redefines “Small Company” — A Big Win for India’s SMEs

On 1 December 2025, the Ministry of Corporate Affairs notified a major amendment to the Companies (Specification of Definition Details) Rules, 2014.

🔍 New definition (effective immediately upon Gazette publication):

✔ Paid-up Capital ≤ ₹10 crore
✔ Turnover ≤ ₹100 crore

📎 Earlier limits:

• Paid-up Capital ≤ ₹4 crore
• Turnover ≤ ₹40 crore

This expansion pulls thousands of additional private companies into the Small Company category.

💡 Immediate benefits for newly-covered companies:

✔ Reduced compliance burden
✔ No CARO reporting requirement
✔ Exemption from cash-flow statement
✔ Lower penalties for defaults
✔ Fewer board meetings & simplified governance
✔ Overall ease in statutory filings

A clear push toward proportionate regulation and ease of doing business — giving SMEs the headroom they need to grow faster, with fewer procedural hurdles.

05/11/2025

𝐒𝐦𝐚𝐥𝐥 𝐭𝐚𝐱𝐚𝐛𝐥𝐞 𝐬𝐮𝐩𝐩𝐥𝐢𝐞𝐬?
𝐁𝐢𝐠 𝐆𝐒𝐓 𝐫𝐞𝐥𝐢𝐞𝐟 𝐰𝐢𝐭𝐡 𝐑𝐮𝐥𝐞 14𝐀’𝐬 𝐧𝐞𝐰 𝐞𝐚𝐬𝐲 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧

New simplified GST registration route introduced. Notification No. 18/2025 dated 31-10-2025 inserts Rule 14A in CGST Rules w.e.f. 01-11-2025.

• Who can opt:
Suppliers whose monthly output tax on supplies to registered persons ≤ ₹2,50,000.

• How it works:
Aadhaar-based electronic registration. Portal grant targeted within 3 working days after successful Aadhaar authentication.

• Key limits:
Single registration per PAN per State/UT. Withdrawal via FORM GST REG-32 subject to minimum return-filing rules and barred where cancellation proceedings under Sec. 29 are active.

• Main risk:
Self-certification. False declaration exposes the taxpayer to penalties and scrutiny. Maintain contemporaneous B2B output records.

29/10/2025

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December 2025.

The 'specified date' of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26) is further extended to 10th November 2025.

21/10/2025

Team Strength support 💪

Happy Diwali ✨️ 😊

10/10/2025