Compliance Calendar for Income Tax and GST – April 2025

Timely compliance with tax deadlines is essential for individuals, businesses, and professionals to avoid interest, penalties, and legal issues. April marks the beginning of the new financial year, and it’s crucial to start it right with all key tax and GST filings. Below is a complete compliance calendar covering Income Tax and Goods & Services Tax (GST)due dates for April 2025.

✅ Income Tax Compliance Calendar – April 2025

📌 April 7, 2025

• TDS/TCS Deposit by Government Offices:
  Last date for deposit of TDS/TCS by a government office for March 2025.
• Note: If paid without an Income-tax Challan, it must be deposited on the same day.
• Form 27C Upload:
  Upload declarations received in Form 27C from buyers for March 2025 transactions.

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  📌 April 14, 2025

  • TDS Certificate Issuance (for February 2025 deductions):
    • Under Section 194-IA: On transfer of immovable property.
    • Under Section 194-IB: Rent payments by individuals/HUFs not under tax audit.
    • Under Section 194M: Payments to contractors/professionals by non-audit individuals.
    • Under Section 194S: Transfer of virtual digital assets (by specified persons).
      

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  📌 April 15, 2025

  • Form 15CC:
    Quarterly submission by Authorized Dealers regarding foreign remittances made during Jan–Mar 2025.
  • Form 3BB by Stock Exchanges:
    Statement of client code modifications in March 2025.
  • Statement by Recognized Association:
    On client code modifications during March 2025.

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  📌 April 30, 2025

  • Form 24G Submission:
    For government offices that deposited TDS/TCS for March 2025 without challan.
  • Challan-Cum-Statement Filing (for March 2025 TDS under the following sections):
    • 194-IA – Property transfer
    • 194-IB – Rent
    • 194M – Contractors/professionals
    • 194S – Virtual digital assets (by specified persons)
  • TDS Deposit (Non-Government Deductors):
    Last date to deposit TDS by non-government deductors for March 2025.
  • Form 61 Filing:
    E-filing of declarations received in Form 60 from October 1, 2024 to March 31, 2025.
  • Form 15G/15H Upload:
    Upload declarations received from recipients for quarter ending March 2025.
  • Quarterly TDS Deposit (If Allowed by AO):
    • Under Sections 192 (Salaries), 194A (Interest), 194D (Insurance Commission), and 194H (Brokerage).
    • Applicable where AO has permitted quarterly payment – deposit for Jan–Mar 2025.
  • Pension Fund Reporting:
    Intimation by a pension fund on investments made in India for Jan–Mar 2025.
  • Sovereign Wealth Fund Reporting:
    Intimation by Sovereign Wealth Funds on Indian investments during Jan–Mar 2025.

  ✅ GST Compliance Dates – April 2025

  📌 April 10, 2025

  • GSTR-7 Filing:
    Due date for persons required to deduct TDS under GST for the month of March 2025.

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  📌 April 11, 2025

  • GSTR-1 Filing (Monthly):
    For taxpayers with annual turnover > ₹1.5 crore or who have opted for monthly filing.

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  📌 April 13, 2025

  • GSTR-6:
    For Input Service Distributors (ISD) for March 2025.
  • GSTR-5:
    For non-resident taxable persons.
  • Invoice Furnishing Facility (IFF):
    For taxpayers under the QRMP scheme to upload B2B invoices for March 2025.
  • Quarterly GSTR-1 (QRMP scheme):
    Filing for Jan–Mar 2025 quarter.

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  📌 April 20, 2025

  • GSTR-3B (Monthly):
    For taxpayers with:
    • Annual turnover > ₹5 crore, or
    • Opted for monthly filing, for March 2025.
  • GSTR-5A:
    For OIDAR service providers (Online Information & Database Access/Retrieval).

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  📌 April 22, 2025

  • Quarterly GSTR-3B (Group 1 States/UTs):
    For Jan–Mar 2025 quarter under the QRMP scheme.

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  📌 April 24, 2025

  • Quarterly GSTR-3B (Group 2 States/UTs):
    For Jan–Mar 2025 quarter under the QRMP scheme.

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  🔄 Other Key Tax Compliance Deadlines

  🔹 Advance Tax Payments (FY 2025-26):

  • 1st Installment – June 15, 2025: 15% of estimated annual tax.
  • 2nd Installment – September 15, 2025: 45% of estimated tax (cumulative).
  • 3rd Installment – December 15, 2025: 75% of estimated tax (cumulative).
  • Final Installment – March 15, 2026: 100% of estimated tax.

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  🔹 TDS Return Filing:

  • May 31, 2025:
    Due date for filing TDS returns for Q4 of FY 2024-25 (January to March 2025).

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  🔹 MCA (Company) Filings:

  • June 30, 2025: Form DPT-3 (Return of Deposits).
  • September 30, 2025: DIR-3 KYC (Director KYC compliance).
  • October 14, 2025: ADT-1 (Auditor appointment details, if AGM held on Sept 30).

Five Major Financial Rule Changes Effective April 1: Income Tax, GST, UPI, and More

1) New income tax slabs

A prominent rule change that will take place is related to the new income tax slabs which were introduced in the Union Budget 2025 , wherein individuals earning up to ₹12 lakh per annum are exempt from paying income taxes.

On top of this, the standard deduction of ₹75,000 makes annual incomes up to ₹12.75 lakh tax-free.

2) New UPI rule for inactive numbers

Apart from this, the National Payments Corporation of India (NPCI) has now mandated that Unified Payments Interface (UPI) transactions from inactive numbers will not happen anymore.This is to reduce the possibility of transactions taking place wrongly from numbers the telecom providers reallocated due to inactivity.

3) New credit card rules

Credit card holders will also experience new changes to reward points and benefits.

For instance, SBI SimplyCLICK and Air India SBI Platinum Credit Card users will see adjustments in reward structures while Axis Bank will revise the benefits of its Vistara Credit Card after the merger with Air India.

4) Unified Pension Scheme (UPS)

The Unified Pension Scheme (UPS), originally introduced in August 2024 will also be implemented, replacing the old pension system and impacting roughly 23 lakh central government employees, with those having at least 25 years of service receiving a pension equivalent to 50 percent of their last 12 months’ average basic salary.

5) New GST security feature

Meanwhile, the Goods and Services Tax (GST) framework will also see new modifications, with a new security feature called Multi-Factor Authentication (MFA) becoming mandatory for taxpayers accessing the GST portal.

On top of this, E-Way Bills (EWB) can only be generated for base documents which are not older than 180 days.

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GST Amnesty Scheme 2025: New Update – Avail Benefits Without Paying Tax

The Government of India, through the Finance Ministry and the Central Board of Indirect Taxes and Customs (CBIC), has introduced a GST Amnesty Scheme 2025. This scheme provides relief to taxpayers by waiving penalties and interest for certain past GST liabilities. The changes have been incorporated through Section 128A of the CGST Act, 2017, along with Rule 164 of the CGST Rules, 2017. The scheme applies to tax demands for the period from 1st July 2017 to 31st March 2020.

This article provides a detailed breakdown of the scheme, its eligibility criteria, benefits, procedural aspects, and clarifications issued by the CBIC through Circular No. 248/05/2025-GST and Notification No. 11/2025-Central Tax.

• Circular No. 248/05/2025-GST
• Notification No. 11/2025-Central Tax

Key Highlights of the GST Amnesty Scheme 2025

• New Section 128A inserted into the CGST Act, 2017, allowing waiver of interest, penalty, or both for past tax demands.
• Rule 164 added to the CGST Rules, 2017, to provide procedural guidance for availing benefits.
• Applicable for tax demands raised under Section 73 of the CGST Act for the period 1st July 2017 to 31st March 2020.
• Taxpayers need to make payments using FORM GST DRC-03 or other prescribed methods.
• The scheme is effective from 1st November 2024.

Eligibility for Amnesty Benefits

As per Circular No. 248/05/2025-GST, the following categories of taxpayers can avail of the GST amnesty scheme:

1. Taxpayers who have already paid tax through FORM GSTR-3B
   • If the payment was made before 1st November 2024, it will be considered valid for amnesty.
   • However, payments made after this date must be through FORM GST DRC-03.
2. Taxpayers who have pending tax liabilities under Section 73
   • They must pay their due tax to avail of interest and penalty waiver.
3. Taxpayers who have filed appeals against consolidated adjudication orders
   • If an appeal covers periods both inside and outside the amnesty period, the taxpayer can withdraw only the portion related to the amnesty period (FY 2017-18 to 2019-20).

Procedural Requirements

The scheme specifies clear steps for taxpayers to follow in order to claim amnesty benefits:

A. Payment of Tax Liability

• If the taxpayer already paid tax before 1st November 2024 via GSTR-3B, it will be considered valid.
• If payment is made on or after 1st November 2024, it must be done using FORM GST DRC-03.

B. Withdrawal of Appeals

• If a taxpayer has filed an appeal covering multiple financial years, they can partially withdraw the appeal for the period covered under Section 128A (FY 2017-18 to 2019-20).
• The appellate authority will continue proceedings for the periods beyond the amnesty coverage.

Key Clarifications from CBIC

The CBIC issued Circular No. 248/05/2025-GST and Notification No. 11/2025-Central Tax to clarify various issues faced by taxpayers:

A. Treatment of Past Payments (FORM GSTR-3B)

• Taxpayers who paid tax via FORM GSTR-3B before 1st November 2024 are eligible for amnesty.
• Post 1st November 2024, payments must be made through FORM GST DRC-03.

B. Appeal Withdrawal Process

• If an appeal covers both eligible (FY 2017-18 to 2019-20) and non-eligible periods, the taxpayer needs to:
  • Withdraw the appeal for the eligible period.
  • Continue the appeal for the non-eligible period.

C. No Refund for Taxes Already Paid

• No refund will be granted for taxes, interest, or penalties already paid before the introduction of Rule 164.
• If a demand notice covered both amnesty and non-amnesty periods, only the eligible period gets relief.

Changes Introduced in Rule 164 (via Notification No. 11/2025)

• Modification in Rule 164(4):
  • Taxpayers must pay tax only for the period covered under Section 128A.
  • Partial appeal withdrawal is allowed.
• Insertion of Explanation in Rule 164(4):
  • If a demand covers both eligible and non-eligible periods, the taxpayer will not receive a refund for taxes already paid.
• Addition to Rule 164(7):
  • Instead of withdrawing a full appeal, taxpayers can notify the appellate authority that they wish to withdraw only for the amnesty period.

GSTN Advisory: Frequent Mistakes in SPL-01/SPL-02 and Their Solutions

The GST Network (GSTN) has issued a new advisory on March 21, 2025, highlighting technical issues and important deadlines related to the GST Waiver Scheme. Many taxpayers have reported difficulties in filing applications under SPL-01 and SPL-02. The GSTN team is working on resolving these problems at the earliest.

This article covers:
✅ Common Issues in Filing SPL-01/SPL-02
✅ Correct Deadline for Filing Waiver Applications
✅ Last Date for Payment under the Waiver Scheme
✅ Alternative Payment Methods & Next Steps

1. Common Issues in Filing SPL-01 and SPL-02 Applications

Taxpayers have raised multiple technical grievances while filing waiver applications under the scheme. The following key problems have been identified:

🔹 Order number not available in dropdown (SPL-02) – Taxpayers are unable to select the relevant order while filing SPL-02.

🔹 Order details not auto-populating – Even after selecting an order in SPL-02, the details are not appearing automatically.

🔹 Payment details missing in Table 4 of SPL-02 – Taxpayers are unable to see their payment details auto-filled in the form.

🔹 Unable to make payments using “Payment Towards Demand” – Even after filing SPL-02, taxpayers are unable to make the required payment for the demand order. Similarly, payments made through DRC-03 are not getting adjustedusing DRC-03A.

🔹 Withdrawal of Appeal (APL-01) not working – Taxpayers who filed an appeal (APL-01) before the First Appellate Authority are unable to withdraw their applications as required under the waiver scheme.

📌 Action by GSTN: These issues are being actively worked on, and taxpayers are advised to raise grievance tickets for resolution.

2. Correct Deadline for Filing GST Waiver Applications

There is a misconception among taxpayers that the last date for filing waiver applications is March 31, 2025. However, this is incorrect.

As per Rule 164(6) of the CGST Rules, 2017, taxpayers can file waiver applications (SPL-01/SPL-02) within three months from the notified date.

✅ Final Date to File Waiver Applications: June 30, 2025

🚨 What You Need to Do: If you are eligible under the waiver scheme, you have time until June 30, 2025, to file your SPL-01 or SPL-02 applications.

3. Last Date for Payment Under the Waiver Scheme

📢 Deadline for Making Payment: March 31, 2025

As per Notification 21/2024-CT dated October 8, 2024, the due date for making the tax payment to avail the waiver scheme benefits is March 31, 2025.

✅ Taxpayers should use the “Payment Towards Demand” functionality on the GST portal to complete the payment before the deadline.

🚨 Important: If payment is not made before March 31, 2025, you will lose the benefits of the waiver scheme.

4. Alternative Payment Methods If Facing Issues

If taxpayers face technical difficulties in making payments under the waiver scheme, they can follow these steps:

🔹 Step 1: Make a Voluntary Payment using Form DRC-03 under the category ‘Others’.

🔹 Step 2: After making the payment, submit Form DRC-03A to link the payment made in DRC-03 with the relevant demand order.

🔹 Step 3: Verify payment details in the Electronic Liability Ledger before proceeding with the waiver application.

📌 How to Check Payment in the Electronic Liability Ledger?
➡️ Login to the GST portal
➡️ Navigate to Services > Ledgers > Electronic Liability Register

5. Key Takeaways for Taxpayers

✔️ Make payment by March 31, 2025 – Use “Payment Towards Demand” or DRC-03 + DRC-03A if facing issues.

✔️ File waiver applications (SPL-01/SPL-02) by June 30, 2025 – Do not rely on the March 31, 2025, date for filing applications.

✔️ Check the GST portal for auto-populated payment details before proceeding with filing.

✔️ Raise grievance tickets for any unresolved issues to ensure timely resolution.

📢 Final Reminder: The GST Waiver Scheme offers relief to businesses and taxpayers facing demand orders. Ensure you complete your payments by March 31, 2025, and file applications by June 30, 2025, to avail of the benefits. 🚀

GST Amnesty Scheme (u/s 128A): Submit Your Application Before 31st March 2025

GST Amnesty Scheme for FY 2017-18, 2018-19 & 2019-20

The Goods and Services Tax (GST) Amnesty Scheme has been introduced to provide relief to taxpayers with pending tax liabilities and legal proceedings from the financial years 2017-18, 2018-19, and 2019-20. This scheme allows taxpayers to settle their tax dues with reduced penalties and interest, provided they comply with the stipulated conditions within the prescribed timelines. Below is a comprehensive guide to the GST Amnesty Scheme based on the procedural forms and stages outlined in the reference table.

1. Understanding the Amnesty Forms and Stages

The GST Amnesty Scheme involves multiple forms based on the stage of litigation or proceedings. These forms guide taxpayers on the actions required to avail of amnesty and settle their tax dues.

(A) Forms and Stages of Amnesty

SPL-01: Application for Amnesty When Show Cause Notice (SCN) Issued, Order Pending

• Taxpayers must submit SPL-01 along with DRC-03 and withdraw any pending writ orders within one month.
• Payment of Tax deadline: 31st March 2025
• Amnesty application to be filed within 3 months, i.e., by 30th June 2025.
• Relevant Section & Rule: Section 128A(1)(a), Rule 164(1)

SPL-02: Application for Amnesty When Order-in-Original (OIO) Issued, Appeal Not Filed

• Taxpayers must submit SPL-02 and ensure that tax payments are reflected in the Electronic Liability Ledger.
• Payment of Tax deadline: 31st March 2025
• Amnesty application to be filed within 3 months, i.e., by 30th June 2025.
• Relevant Section & Rule: Section 128A(1)(b), Rule 164(2)

SPL-02: Application for Amnesty When Order-in-Appeal (OIA) Issued

• If payments were made via DRC-03, taxpayers must file DRC-03A to offset the already paid amount.
• Payment deadline: 31st March 2025
• Amnesty application to be filed within 3 months, i.e., by 30th June 2025.
• Relevant Section & Rule: Section 128A(1)(c), Rule 164(2)

SPL-02: Application for Amnesty When OIA Converted from 74 to 73 by Higher Authorities (FAA/GSTAT/HC/SC)

• Taxpayers must file APL-1W (Appeal withdrawal order) within 1 month.
• Payment deadline: Within 6 months from the date of conversion order.
• Relevant Section & Rule: Proviso to Section 128A(1), Rule 164(2)

SPL-03: Notice When Application Under Section 128A Is Liable for Rejection

• Issued by the proper officer when the application does not meet the eligibility criteria.
• Show Cause Notice (SCN) to be issued within 3 months from the date of receipt of application.
• Relevant Rule: Rule 164(8)

SPL-04: Reply to Show Cause Notice (SCN)

• Taxpayers must reply to the SCN within 1 month from the date of issuance.
• Relevant Rule: Rule 164(9)

(B) Orders for Conclusion or Rejection of Proceedings

SPL-05: Order for Conclusion of Proceedings as Per Section 128A – Drop Order

• Taxpayers must pay interest and penalties for the “erroneous refund” portion and liabilities outside the scheme period within 3 months from the drop order.
• Relevant Rule: Rule 164(10) & (11)

SPL-07: Order for Rejection of Application Submitted Under Section 128A

• Taxpayers can file an appeal within 3+1 months under Section 107 or restore the original appeal.
• Order to be issued:
  • Within 3 months from the application receipt (if SCN not issued).
  • Within 3 months from reply to SCN (if issued and responded to).
  • Within 4 months if no response to SCN.
• Relevant Rule: Rule 164(12)

APL-01: Appeal Against Rejection Order

• Taxpayers can file an appeal if the application for amnesty is rejected.

SPL-06: Order for Conclusion of Proceedings as Per Section 128A – Drop Order by Appellate Authority

• Similar to SPL-05, but issued by the Appellate Authority.
• Relevant Rule: Rule 164(15)

SPL-08: Undertaking That No Appeal Will Be Filed Against “Amnesty Rejection Order” to Restore Original Appeal

• To be submitted within 3 months from the issuance of the rejection order by the appellate authority.
• Relevant Rule: Rule 164(15)(b)(ii)

Key Deadlines for Compliance

To ensure successful participation in the amnesty scheme, taxpayers must adhere to the following deadlines:

• 31st March 2025: Deadline for tax payments under the amnesty scheme.
• 30th June 2025: Last date to file applications for amnesty under various categories.
• Within 6 months: Appeal withdrawal and payment completion for converted cases.
• Within 3 months: Deadlines for orders related to conclusion, rejection, or SCN issuance.
• Within 4 months: Maximum timeline for order issuance if SCN reply is pending.

The GST Amnesty Scheme for FY 2017-18, 2018-19, and 2019-20 provides a crucial opportunity for taxpayers to clear pending liabilities with reduced penalties. Understanding the appropriate forms and timelines is essential for compliance and availing of the benefits under this scheme. Taxpayers are advised to act promptly and ensure all necessary payments and filings are completed before the stipulated deadlines to avoid legal complications.

For further clarification, it is advisable to consult a professional tax advisor or chartered accountant to navigate the amnesty process smoothly.

Yes Bank Rolls Out GST Payment Facility

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Finance Minister Sitharaman Announces Further GST Rate Cuts

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CGST Officials Uncover ₹1.95 Lakh Crore in GST Evasion (April–January): MoS Finance

Minister of State for Finance Pankaj Chaudhary

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GST Registration Made Easier: Directors Free to Pick Any GSK in Their State

Dear Taxpayers,

The Goods and Services Tax Network (GSTN) has introduced a significant enhancement in the Biometric Authentication process to simplify GST registration for new applicants. Previously, applicants selected for Biometric Authentication were required to visit a designated GST Suvidha Kendra (GSK) mapped to their jurisdiction. However, in a move to enhance flexibility, GSTN has now introduced an option for certain Promoters/Directors to complete their Biometric Authentication at any GSK in their Home State.

Background of Biometric Authentication for GST Registration

For applicants opting for Aadhaar Authentication, the system selects certain cases for Biometric Authentication based on system-driven risk analysis. Once selected, the applicant receives an intimation email with instructions and a slot booking link to schedule their authentication at a GSK.

Who Can Avail This Facility?

This new enhancement applies to Promoters/Directors listed in the Promoter/Partner tab for the following types of businesses:

• Public Limited Company
• Private Limited Company
• Unlimited Company
• Foreign Company

Such Promoters/Directors can now opt for Biometric Authentication at any available GSK in their Home State, as per the details provided in their REG-01 application.

Key Points to Note:

1. If a new GST registration application is selected for Biometric Authentication, an intimation email will be sent to the applicant. Eligible Promoters/Directors will have the option to select any GSK in their Home State from the link provided in the email.
2. To avail of this option, the Promoter/Director must follow the instructions in the email and select a GSK within their Home State.
3. The GSK selection is a one-time process and cannot be changed once confirmed. It is advised that applicants choose carefully.
4. This facility is currently available in 33 States/UTs where Biometric Authentication has been enabled. It will soon be extended to Uttar Pradesh, Assam, and Sikkim.
5. Promoters/Directors whose Home State is not Uttar Pradesh, Assam, or Sikkim can now opt for any GSK in their Home State for Biometric Authentication.
6. Once a Home-State GSK is selected, the Promoter/Director will receive an email confirmation, along with a new slot booking link.
7. Using the provided link, the Promoter/Director can book a slot at their convenience, based on availability at the chosen GSK.
8. The required photo capture and Biometric Authentication process will be completed at the selected GSK in the Home State.
9. If a Promoter/Director has already completed the Biometric Authentication process in the past, they will not be required to undergo the process again.
10. If the Promoter/Director and the Primary Authorized Signatory (PAS) are the same person, the Home-State GSK selection option will not be available. The PAS must visit the designated jurisdictional GSK for document verification and Biometric Authentication.
11. It is recommended that the Promoter/Director completes Biometric Authentication before the Primary Authorized Signatory (PAS) visits the GSK.
12. Opting for Biometric Authentication at a Home-State GSK is optional. If preferred, Promoters/Directors can still visit the designated jurisdictional GSK.

Conclusion

This enhancement in Biometric Authentication functionality is a major step toward streamlining the GST registration process and reducing travel burdens on Promoters/Directors. Taxpayers are requested to follow this advisory to ensure a smooth and hassle-free GST registration process.

For further details, stay updated with official GSTN notifications.

Financial and Tax Rules Effective as of March 1, New 2025

As we approach the new financial year 2025-26, several key regulatory and financial changes will come into effect from March 1, 2025. These updates will impact taxpayers, businesses, investors, and general consumers. The changes cover Income Tax, GST, e-Way Bill, SEBI Regulations, Banking etc.

Here is a detailed list of all the important changes, along with compliance deadlines to ensure a smooth transition into the new fiscal year.

1. E-Way Bill for Unregistered Persons

• Unregistered persons can now generate an e-Way Bill using Form ENR-03, available on the e-Way Bill portal.
• This change will help individuals and entities who are not registered under GST but are involved in goods movement.

2. Introduction of the New Income Tax Bill 2025

• The Income Tax Bill 2025 has been introduced and is currently under the process of approval.
• Once enacted, it will replace the Income Tax Act, 1961, bringing modernized tax provisions to simplify compliance and improve tax administration.

3. Finance Bill 2025 – Key Taxation Changes

The Finance Bill 2025 will soon be approved, becoming the Finance Act 2025, bringing several major tax changes:

• Higher Income Tax Exemption Limit – Taxpayers with an income of up to ₹12 lakh will now be exempt from income tax under the new tax regime (New Slab Rate)
• Changes in TDS & TCS Thresholds – Various TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) limits will be revised, affecting businesses involved in high-value transactions.
• No TCS on Sale from 1 April 2025
• Changes in Self-Occupied House Property Rules
• Rebate & Marginal Relief Changes
• New Deduction Under NPS ‘Vatsalya’ (Section 80CCD(1B)) – Additional tax benefits will be available for National Pension Scheme (NPS) investments.
• Revised Turnover & Investment Limits for MSMEs
• Increase in the Period for Filing Updated Income Tax Returns – Taxpayers can now file updated income tax returns for up to 48 months from the end of the assessment year, allowing more flexibility to correct past returns.

4. GST Updates Effective from March 1, 2025

• Negative Liability in GSTR-3B – Businesses can now report negative liability in GSTR-3B, improving GST return accuracy.
• HSN Code Selection & Validation in GSTR-1 & GSTR-1A –
  • Manual entry of HSN codes is replaced with a drop-down menu to reduce errors.
  • Table-12 is now bifurcated into B2B and B2C transactions, ensuring clearer reporting.
  • Initial validation warnings will be issued for incorrect values, but they will not block filing.

5. New GST Registration Process (Rule 8 of CGST Rules, 2017)

The GST registration process now includes stricter authentication measures:

• For applicants NOT opting for Aadhaar Authentication –
  • Must visit a GST Suvidha Kendra (GSK) for photo capturing and document verification.
• For Aadhaar Authentication (with Biometric Verification) –
  • Promoters/Partners must visit GSK for biometric authentication.
  • If already verified in another State/UT, only document verification is needed.
• Non-Generation of Application Reference Number (ARN) –
  • If verification is not completed within 15 days, the ARN will not be generated.

6. Important GST & Tax Compliance Deadlines Before March 31, 2025

• LUT (Letter of Undertaking) Renewal – Apply for Form GST RFD-11 before March 31, 2025, for tax-free exports.
• Composition Scheme Enrollment – File Form CMP-02 before March 31, 2025, to opt for the Composition Scheme.
• QRMP Scheme Selection – Opt-in or opt-out of Quarterly Return Filing before April 30, 2025.
• Declaration for GTA Taxpayers – File Annexure V & VI before March 31, 2025.
• GST Refund for FY 2022-23 – Claim pending GST refunds before March 31, 2025.
• Mandatory E-Invoicing from April 1, 2025 – If your turnover exceeds ₹5 crore, be ready to implement e-invoicing.
• GST Amnesty Scheme under Section 128A – To avail GST penalty relief, pay tax dues before March 31, 2025.

7. SEBI Nomination Rules Update

• SEBI mandates all trading & demat account holders to either nominate a beneficiary or opt out by March 31, 2025.
• Failure to comply will lead to account freezing, restricting trading and investment activities.

8. Fixed Deposit (FD) Interest Rate Adjustments

• Major banks have updated their FD interest rates starting March 1, 2025.
• Investors should review the new rates to align their savings with financial goals.