FY 2025-26: What Is the Late Fee for Delayed Tax Audit—₹75,000 or ₹1,50,000?

Tax Audit Late Fee FY 2025-26: Will It Be ₹75,000 or ₹1,50,000?

There is significant confusion among taxpayers, businesses and tax professionals about the penalty or fee applicable when the Tax Audit Report for FY 2025-26 (AY 2026-27) is filed after the prescribed due date.

The confusion mainly stems from the introduction of the Income-tax Act, 2025, which became effective from 1 April 2026. The new law introduces a different fee mechanism for failure to complete the required tax audit and submit the audit report.

Under the new provisions, the prescribed amounts are:

  • ₹75,000 where the delay is up to one month; and
  • ₹1,50,000 where the delay exceeds one month.

This raises an important question:

If the tax audit report relating to FY 2025-26 is submitted late, will the taxpayer be liable to pay ₹75,000 or ₹1,50,000?

The answer is No — the new ₹75,000 / ₹1,50,000 fee does not apply to FY 2025-26

The reason is that FY 2025-26 corresponds to AY 2026-27, and this year continues to be governed by the Income-tax Act, 1961.

The fact that the audit report may actually be submitted after 1 April 2026 does not by itself shift the audit to the new law.

The new fee provisions apply to Tax Year 2026-27 and later tax years.

Therefore, it is essential to distinguish between FY 2025-26 / AY 2026-27 and Tax Year 2026-27.

1. Understanding the Transition Between the Two Laws

The primary source of confusion is the transition from the Income-tax Act, 1961 to the Income-tax Act, 2025.

FY 2025-26

FY 2025-26 covers income earned from:

1 April 2025 to 31 March 2026

This financial year corresponds to:

AY 2026-27

It continues to be governed by:

Income-tax Act, 1961

Accordingly, the tax audit requirement remains covered by:

Section 44AB

The applicable tax audit forms continue to be:

Form 3CA / Form 3CB along with Form 3CD, wherever applicable.

Tax Year 2026-27

The new tax year covers income earned from:

1 April 2026 to 31 March 2027

This period falls under:

Income-tax Act, 2025

The corresponding tax audit provision is:

Section 63

The tax audit report under the new framework is:

Form No. 26

The new audit provisions and the revised fee mechanism therefore need to be considered separately for Tax Year 2026-27.

2. What Is the New Tax Audit Fee?

Under the Income-tax Act, 2025, the new fee provision is contained in Section 428.

Where a person fails to have the accounts audited and furnish the required audit report in accordance with Section 63, the prescribed fee is:

Delay of up to one month

₹75,000

Delay of more than one month

₹1,50,000

Thus, the new law provides a two-level fee structure depending on the period of delay.

It is also important not to confuse these amounts with the earlier penalty provisions. The new framework treats this amount as a fee, whereas the earlier law provided for a penalty.

3. Is the ₹75,000 Fee Applicable to FY 2025-26?

No.

This is the key point taxpayers need to understand.

Consider a taxpayer who is required to undergo tax audit for:

FY 2025-26 / AY 2026-27

Even if the tax audit report is submitted after 1 April 2026, the new Section 428 fee of ₹75,000 or ₹1,50,000 does not automatically become applicable.

The reason is that the audit relates to FY 2025-26, a year covered by the earlier Income-tax Act.

The transitional provisions ensure that the relevant provisions of the old law continue to apply to such years.

4. What Is the Income Tax Department’s Position?

The Income Tax Department has clarified the treatment of tax audit reports during the transition between the two Acts.

For FY 2025-26, the Tax Audit Report:

  • relates to AY 2026-27;
  • continues to fall under the Income-tax Act, 1961;
  • is required to be furnished using Form 3CA / Form 3CB / Form 3CD, as applicable; and
  • remains governed by the provisions of the old Act even where the report is uploaded after 1 April 2026.

Therefore, the applicable law is not determined simply by looking at the date on which the audit report is actually uploaded.

The crucial factor is the financial year or tax year to which the audit relates.

5. What Happens If the FY 2025-26 Tax Audit Is Delayed?

For FY 2025-26, the consequences of failure to comply with the tax audit requirement continue to be examined under the Income-tax Act, 1961.

The relevant provision is:

Section 271B

Section 271B provides for a penalty where a taxpayer fails to get the accounts audited or fails to furnish the audit report as required under Section 44AB.

The penalty may be calculated as the lower of:

0.5% of total sales, turnover or gross receipts

or

₹1,50,000

Accordingly, the maximum penalty under the old provision is:

₹1,50,000

However, this should not be confused with the new ₹75,000 / ₹1,50,000 fee structure introduced under the Income-tax Act, 2025.

The two provisions operate under different laws and apply to different tax years.

6. Penalty under Section 271B is NOT the same as the new late fee

This distinction is extremely important.

Old Act — FY 2025-26

The consequence is:

Penalty under Section 271B

It is not an automatic fixed late fee of ₹75,000.

The Assessing Officer may impose the penalty subject to the provisions of the Act.

The maximum is generally:

0.5% of turnover/gross receipts or ₹1.50 lakh, whichever is lower.

There is also an important protection under:

Section 273B

Section 273B provides that penalty under certain provisions, including Section 271B, may not be imposed where the taxpayer proves that there was reasonable cause for the failure.

Therefore, for FY 2025-26, the taxpayer should not mechanically calculate:

“Tax audit late by one month = ₹75,000.”

That is not the correct position.

7. What changes from Tax Year 2026-27?

Now consider a tax audit relating to:

Tax Year 2026-27

This period starts on:

1 April 2026

and ends on:

31 March 2027

This is governed by the:

Income-tax Act, 2025

The tax audit requirement is under:

Section 63

and the new tax audit report is:

Form No. 26

For failure to get the accounts audited and furnish the report within the prescribed time, the new fee under Section 428 applies.

Therefore:

Particulars Tax Year 2026-27 onwards
Delay up to one month ₹75,000
Delay beyond one month ₹1,50,000

This is the new regime.

8. Is ₹75,000 charged every month?

No.

This is another important point.

The provision does not say:

₹75,000 per month.

It provides:

Up to one month of delay

₹75,000

Thereafter

₹1,50,000

So it is not a recurring ₹75,000 every month.

For example, if the tax audit report is delayed by:

  • 10 days → ₹75,000
  • 20 days → ₹75,000
  • 30 days → ₹75,000
  • More than one month → ₹1,50,000

The provision should therefore not be interpreted as a monthly late fee.

9. Example — Tax Year 2026-27

Suppose a taxpayer is required to furnish the tax audit report by:

30 September 2027

Case 1 — Report filed on 10 October 2027

Delay = 10 days

Applicable fee:

₹75,000

Case 2 — Report filed on 25 October 2027

Delay = 25 days

Applicable fee:

₹75,000

Case 3 — Report filed on 5 November 2027

Delay exceeds one month.

Applicable fee:

₹1,50,000

Therefore, once the delay crosses the one-month threshold, the higher fee becomes applicable.

10. Example for FY 2025-26

Let us consider a practical example for the current tax-audit cycle.

Assume the taxpayer has:

Financial Year: FY 2025-26

Tax Audit Report Due Date: 30 September 2026

Now suppose the audit report is submitted on:

15 October 2026

The taxpayer should not conclude:

“The report is delayed by 15 days, so I must pay ₹75,000.”

That conclusion would be incorrect.

The Section 428(c) fee introduced under the new Income-tax Act, 2025 does not become applicable to the FY 2025-26 audit simply because the report is uploaded after 1 April 2026.

The audit for FY 2025-26 continues to be governed by the provisions of the Income-tax Act, 1961.

Accordingly, the relevant consequence is considered under the Section 271B penalty framework, subject to applicable provisions, including the reasonable-cause protection available under Section 273B.

11. Why Is There Confusion About the Tax Audit Late Fee?

The confusion surrounding the ₹75,000 and ₹1,50,000 amounts can mainly be attributed to three factors.

Reason 1 — The New Income-tax Act Became Effective From 1 April 2026

The Income-tax Act, 2025 came into effect from 1 April 2026.

As a result, many taxpayers assume that every tax compliance action performed after this date must automatically be governed by the new law.

However, this interpretation is not correct.

The transition provisions determine which law applies to a particular tax year.

Reason 2 — Section 428 Introduces a ₹75,000 Fee

Section 428 of the new Act specifies amounts of:

₹75,000

and

₹1,50,000

for the applicable tax-audit default.

Because these figures are clearly mentioned in the new law, several articles and social-media discussions have described the situation simply as:

“The tax audit late fee is now ₹75,000.”

However, that statement does not provide the complete picture.

The more accurate position is:

The ₹75,000 / ₹1,50,000 tax-audit fee mechanism under the new Act applies to Tax Year 2026-27 and subsequent tax years. It does not become applicable to the FY 2025-26 tax audit merely because the report is filed after 1 April 2026.

Reason 3 — FY 2025-26 and Tax Year 2026-27 Are Being Mixed Up

A major source of misunderstanding is the failure to distinguish between the two periods.

FY 2025-26

1 April 2025 to 31 March 2026

Corresponding assessment year:

AY 2026-27

Applicable law:

Income-tax Act, 1961

Tax Year 2026-27

1 April 2026 to 31 March 2027

Applicable law:

Income-tax Act, 2025

The new provisions, including the revised tax-audit fee mechanism, apply to this new tax year.

Therefore, identifying the year to which the audit relates is essential before determining the applicable late-compliance provisions.

12. Old Tax Audit Rules vs New Tax Audit Rules

The key differences can be summarized as follows:

Particulars FY 2025-26 / AY 2026-27 Tax Year 2026-27 onwards
Applicable Law Income-tax Act, 1961 Income-tax Act, 2025
Tax Audit Provision Section 44AB Section 63
Audit Report Form 3CA / 3CB + Form 3CD Form 26
Consequence of Default Penalty under Section 271B Fee under Section 428
First Amount Not prescribed as a fixed ₹75,000 fee ₹75,000
Higher Amount Maximum penalty can reach ₹1.50 lakh ₹1,50,000
Reasonable Cause Section 273B applies to Section 271B penalty New fee mechanism operates differently
Mandatory ₹75,000 Fee Not applicable Applicable
₹1,50,000 Fee After One Month Not applicable as a Section 428 fee Applicable

The table highlights an important point: although the figure of ₹1.50 lakh appears under both frameworks, the nature and manner of its application are different.

13. Is ₹1.50 Lakh Automatically Payable Under Section 271B?

No.

This is another important point that taxpayers should understand.

Under the old law, Section 271B provides for a penalty calculated as:

0.5% of total sales, turnover or gross receipts

or

₹1.50 lakh, whichever is lower.

Therefore, ₹1.50 lakh represents the maximum statutory limit, and it is not automatically imposed in every case of delayed tax audit.

Example 1 — Turnover of ₹50 lakh

Suppose the taxpayer has turnover of:

₹50 lakh

The calculation would be:

0.5% × ₹50 lakh = ₹25,000

Therefore, based on the statutory formula, the penalty would be capped at the lower applicable amount rather than automatically becoming ₹1.50 lakh.

Example 2 — Turnover of ₹10 crore

Suppose turnover is:

₹10 crore

Then:

0.5% × ₹10 crore = ₹5 lakh

Since Section 271B provides a maximum limit of ₹1.50 lakh, the statutory ceiling would be:

₹1.50 lakh

Thus, under Section 271B, ₹1.50 lakh is the maximum limit and not an automatic penalty amount.

14. New Act Introduces a Different Fee Structure

The mechanism under the new Section 428 is substantially different from the earlier penalty system.

Under the new provision, the prescribed fee is:

₹75,000

where the delay is up to one month,

and:

₹1,50,000

where the delay extends beyond one month.

Unlike the earlier Section 271B framework, this amount is not determined by applying a percentage to turnover.

This represents an important change for taxpayers.

For instance, consider a small business having turnover of only ₹20 lakh. If the business is required to undergo tax audit under the new Act and the audit report is delayed beyond one month, the applicable statutory fee can still be:

₹1,50,000

This is because the new fee is prescribed as a fixed amount and is not linked to the taxpayer’s turnover.

15. Can Reasonable Cause Avoid the New Fee?

Taxpayers and professionals should carefully distinguish between the old and new provisions on this issue.

Under the earlier Section 271B framework, the levy is in the nature of a penalty. Section 273B provides relief where the taxpayer is able to establish a reasonable cause for the failure.

The new Section 428 mechanism, however, is expressly framed as a fee.

Therefore, it should not be assumed that the new ₹75,000 / ₹1,50,000 fee will automatically receive the same treatment as a penalty imposed under Section 271B.

The nature of the levy itself has changed.

Accordingly, for Tax Year 2026-27 onwards, taxpayers should carefully consider the requirements of Section 428 instead of assuming that the earlier reasonable-cause provisions will operate in exactly the same way.

16. What Rules Apply During the Current Tax Audit Season?

For the present tax-audit cycle, the relevant period is:

FY 2025-26 / AY 2026-27

The currently applicable due date for the tax audit report is:

30 September 2026

The Income Tax Department has clarified that the tax audit relating to FY 2025-26 continues to be governed by the Income-tax Act, 1961.

Accordingly, the applicable forms continue to include:

  • Form 3CA, wherever applicable;
  • Form 3CB, wherever applicable; and
  • Form 3CD.

Therefore, the following statement would be incorrect:

“Since the new Act came into force on 1 April 2026, every late tax audit from FY 2025-26 will attract a ₹75,000 fee.”

The applicability of the new fee cannot be determined merely by looking at the date on which the audit report is uploaded.

17. What If CBDT Extends the Tax Audit Due Date?

Another practical consideration is whether the prescribed due date is subsequently extended.

If the CBDT officially extends the FY 2025-26 tax-audit deadline, the compliance position would have to be determined by taking the officially extended due date into account.

Until such an extension is formally notified, taxpayers should follow the applicable statutory deadline.

For the current FY 2025-26 tax-audit cycle, the applicable due date is presently:

30 September 2026

18. Easy Way to Understand the Two Regimes

The entire transition can be remembered using the following comparison:

FY 2025-26

Income-tax Act, 1961
↓
Section 44AB
↓
Form 3CA / 3CB + Form 3CD
↓
Section 271B penalty

Tax Year 2026-27 onwards

Income-tax Act, 2025
↓
Section 63
↓
Form 26
↓
Section 428 fee

The new fee structure is:

Up to one month of delay → ₹75,000

Beyond one month → ₹1,50,000

This distinction is important because the new fee mechanism should not be applied retrospectively to the FY 2025-26 tax audit.

19. Frequently Asked Questions

Q1. Will a ₹75,000 late fee apply to FY 2025-26 tax audit?

No.

The ₹75,000 fee under Section 428 does not apply to the FY 2025-26 tax audit simply because the report is submitted after 1 April 2026.

Q2. Is the amount ₹15,000 or ₹1,50,000 under the new provision?

The applicable higher amount is:

₹1,50,000

It is not ₹15,000.

Q3. From when does the ₹75,000 fee apply?

The ₹75,000 fee is part of the new regime applicable to Tax Year 2026-27 onwards, where the delay in furnishing the tax audit report is up to one month.

Q4. What happens when the delay is more than one month?

Under the new Section 428 mechanism, the prescribed fee becomes:

₹1,50,000

Q5. Is ₹75,000 payable for every month of delay?

No.

The provision does not impose ₹75,000 separately for every month.

The structure provides for ₹75,000 for delay up to one month and ₹1,50,000 thereafter.

Q6. Which provision applies to FY 2025-26?

For FY 2025-26 / AY 2026-27, the Income-tax Act, 1961 continues to govern the tax audit.

The consequences of non-compliance are therefore considered under Section 271B, subject to the applicable provisions of the old Act, including Section 273B.

Q7. Which audit forms are required for FY 2025-26?

For FY 2025-26, the applicable forms remain:

Form 3CA / Form 3CB along with Form 3CD, as applicable.

Q8. What form applies under the new tax-audit regime?

For Tax Year 2026-27 onwards, the new tax-audit report is:

Form No. 26

The new Form 26 replaces the earlier tax-audit reporting structure under the new framework.

Will the Tax Audit Due Date for FY 2025-26 Be Extended to 31 October 2026?

Tax Audit Due Date FY 2025-26 | AY 2026-27 | Latest Extension Update | Form 3CA/3CB/3CD

The tax audit compliance period for FY 2025-26 (AY 2026-27) is currently in progress. Taxpayers, businesses, tax professionals and Chartered Accountants are closely watching the deadline and one question is being discussed widely:

Will the Tax Audit Report due date be extended from 30 September 2026 to 31 October 2026?

As of 13 September 2026, the CBDT has not issued any official notification confirming an extension of the tax audit report filing deadline.

Accordingly, taxpayers and professionals should continue preparing their audit compliance on the basis of the existing 30 September 2026 deadline, unless the CBDT announces a formal extension.

1. What is the Tax Audit Due Date for FY 2025-26?

For FY 2025-26 (AY 2026-27), taxpayers covered under the tax audit provisions are currently required to furnish their tax audit report by:

30 September 2026

The tax audit report is submitted electronically by the Chartered Accountant. After the CA uploads the report, the taxpayer is required to log in to the Income Tax e-filing portal and approve or accept the report.

Current Important Compliance Dates

Compliance Particulars Due Date – FY 2025-26 / AY 2026-27
Non-audit ITR – applicable cases 31 August 2026
Tax Audit Report 30 September 2026
ITR for taxpayers covered by tax audit 31 October 2026
Tax audit with transfer pricing cases 31 October 2026
ITR for transfer pricing cases 30 November 2026

For AY 2026-27, the tax audit report continues to follow the applicable provisions of the existing Income-tax Act framework. The audit report deadline is generally one month before the due date applicable to taxpayers whose accounts are subject to audit.

2. Is the Tax Audit Due Date Extended?

No official extension has been announced so far.

This is an important distinction for taxpayers and professionals.

Various professional organisations, Chartered Accountants and other stakeholders may submit requests or representations seeking additional time. However, simply submitting a representation does not change the statutory deadline.

The due date can be changed only after the competent authority, generally the Central Board of Direct Taxes (CBDT), issues an official notification, order or other legally applicable announcement.

In simple terms:

Representation for Extension ≠ Extension Granted

Therefore, as of 13 September 2026, the 30 September 2026 deadline should continue to be considered the applicable due date for furnishing the Tax Audit Report.

Taxpayers and professionals should not assume that the deadline has been extended to 31 October 2026 unless an official CBDT announcement confirms it.

3. Why are taxpayers and professionals seeking an extension?

Several professional organisations have expressed concerns about the existing tax compliance schedule and the limited time available for completing tax audit-related work.

A key concern is the short interval between the non-audit ITR filing deadline and the tax audit report deadline.

For AY 2026-27, the due date for applicable non-audit business ITRs was 31 August 2026. The current deadline for submitting the tax audit report is 30 September 2026, leaving only one month between the two important compliance dates.

Professional bodies believe that this limited window may not provide sufficient time to complete the extensive audit procedures, reconciliations, verification and reporting requirements involved in tax audits.

For instance, the Chartered Accountants Association, Jalandhar, has requested that the tax audit report filing deadline be moved to 31 October 2026.

In another representation dated 11 September 2026, the Punjab Accountants Association also requested that the existing deadline of 30 September 2026 be extended by one month to 31 October 2026.

4. Delayed availability of ITR Forms and Utilities

The late and phased release of ITR forms and related filing utilities is another important reason cited in requests for an extension.

In its recent representation, the Chartered Accountants Association, Jalandhar pointed out that various ITR forms and utilities required for audit-related taxpayers were made available relatively late during the filing season.

The representation specifically referred to the availability of forms such as:

  • ITR-3
  • ITR-5
  • ITR-6
  • ITR-7

According to the professional body, the delayed availability of these forms and utilities effectively reduced the time available to taxpayers and professionals to prepare and complete audit-related compliances.

This becomes particularly significant for audit cases, where extensive data verification, reconciliation, financial review and tax-related reporting are generally required before the tax audit report can be completed and submitted.

5. Increased Reporting and Disclosure Requirements

Professional associations have also highlighted the growing reporting, disclosure and financial-statement requirements, particularly for non-corporate taxpayers.

The additional requirements mean that taxpayers and Chartered Accountants may need to spend more time gathering and processing detailed financial and tax information.

The information often needs to be:

  • Collected
  • Compiled
  • Reconciled
  • Verified
  • Audited
  • Reported and disclosed
  • Authenticated

As the volume and complexity of reporting increases, the overall workload during the tax audit season also rises for both taxpayers and Chartered Accountants.

These factors are among the key reasons professional bodies are requesting additional time for completing and filing the FY 2025-26 tax audit report.

6. What deadline extension is being sought?

The primary request from professional bodies is to provide additional time for completing the tax audit compliance.

Current deadline

30 September 2026

Proposed extended deadline

31 October 2026

Some representations have also asked for related extensions covering:

  • Form 10B
  • Form 10BB
  • Other audit-related reports
  • ITR filing deadlines applicable to audit cases

The Chartered Accountants Association, Jalandhar, has proposed two alternatives:

Option 1: Extend the Tax Audit Report filing deadline to 31 October 2026.

Option 2: Align the Tax Audit Report deadline with the audit-case ITR deadline, making both deadlines 31 October 2026.

7. Does the New Income Tax Act affect tax audits for FY 2025-26?

This is an important issue because FY 2025-26 represents a transition period between the existing and new income-tax law frameworks.

There has been some confusion regarding whether tax audits for this year should be carried out under Section 44AB of the Income-tax Act, 1961 or the corresponding provision under the new law, Section 63.

Position for FY 2025-26

For FY 2025-26 (AY 2026-27), tax audits continue to be governed by the:

Income-tax Act, 1961

Accordingly, the applicable tax audit report continues to be furnished through:

  • Form 3CA along with Form 3CD, or
  • Form 3CB along with Form 3CD

depending on the nature and circumstances of the taxpayer.

Therefore, taxpayers and professionals preparing tax audits for FY 2025-26 should continue using the applicable 3CA/3CB and 3CD forms under the existing law.

8. Section 44AB vs Section 63 – Which provision applies?

For FY 2025-26 / AY 2026-27, the relevant tax audit provision continues to be:

Section 44AB of the Income-tax Act, 1961

The new Income-tax Act, 2025 contains the corresponding tax audit provisions under Section 63, but the new framework applies to the tax years covered by that legislation.

The distinction can be summarised as follows:

Financial Year / Tax Year Applicable Provision Tax Audit Form
FY 2025-26 / AY 2026-27 Section 44AB – Income-tax Act, 1961 Form 3CA/3CB + Form 3CD
Tax Year 2026-27 onwards Section 63 – Income-tax Act, 2025 Form 26

Therefore, anyone completing a tax audit for FY 2025-26 should not confuse it with the new tax audit reporting framework applicable under the new law.

9. What is the tax audit deadline for audit cases?

For regular taxpayers who are subject to tax audit, the applicable timelines are currently:

Tax Audit Report

30 September 2026

Income Tax Return

31 October 2026

The difference between these two dates is significant. The tax audit report must generally be completed and furnished before the taxpayer proceeds with filing the corresponding audit-case ITR.

If the tax audit deadline is extended, the corresponding ITR deadline may also become a subject of discussion, depending on the nature of the extension announced by the authorities.

10. What is the timeline for Transfer Pricing cases?

Taxpayers who are required to furnish a report under Section 92E follow a different compliance schedule.

Tax Audit / Applicable Audit Report

31 October 2026

Income Tax Return

30 November 2026

Thus, the 30 September 2026 deadline should not be treated as a universal deadline for every taxpayer subject to audit.

Transfer pricing cases have a separate timeline because of the additional reporting requirements applicable to such taxpayers.

11. Who is generally liable for Tax Audit?

For FY 2025-26, tax audit applicability continues to be determined under Section 44AB of the Income-tax Act, 1961.

Broadly, tax audit provisions may apply in the following situations:

Business

Tax audit is generally applicable when the business turnover or gross receipts exceed:

₹1 crore

The threshold can increase to:

₹10 crore

where the prescribed conditions relating to cash receipts and cash payments are satisfied, including the applicable 5% limit.

Profession

For professionals, tax audit generally becomes applicable when gross receipts exceed:

₹50 lakh

Tax audit requirements may also arise in certain situations involving presumptive taxation, particularly where income is declared below the prescribed limits or the relevant conditions of the presumptive taxation provisions are not met.

Therefore, taxpayers should examine their individual facts and applicable provisions before determining whether a tax audit is required.

The Income Tax Department has also indicated that the fundamental turnover and receipt limits applicable to businesses and professionals continue under the relevant tax framework.

12. What are the consequences of filing the Tax Audit Report late?

Not furnishing the Tax Audit Report within the prescribed time may result in a penalty under the applicable provisions of the Income-tax Act.

For FY 2025-26, the relevant penalty provision is Section 271B of the Income-tax Act, 1961.

The penalty may generally be calculated at:

0.5% of sales, turnover or gross receipts

However, the maximum penalty cannot exceed:

₹1,50,000

It is important to note that the penalty provision is subject to the specific facts of each case.

If a taxpayer is able to demonstrate a reasonable cause for the failure, relief from penalty may be available under Section 273B, depending on the circumstances.

Therefore, taxpayers should not assume that a possible future extension or a potential reasonable-cause defence automatically removes the need to comply with the prescribed deadline.

13. Should you wait before completing the tax audit?

No. Taxpayers should not wait for a possible extension.

The safest approach is to continue working on the basis that 30 September 2026 is the applicable tax audit deadline.

Taxpayers and professionals should avoid delaying their audit merely because there is speculation that the government may extend the date.

The assumption that:

“The deadline will definitely be extended.”

can create unnecessary compliance risks.

There is a precedent from the previous assessment year. For AY 2025-26, the CBDT extended the specified tax audit report deadline from 30 September 2025 to 31 October 2025.

However, that earlier decision should not be interpreted as confirmation that the FY 2025-26 tax audit deadline has already been extended.

A previous extension does not automatically result in an extension for the current year.

14. Is there still a possibility of a CBDT extension?

Yes, an extension is still possible.

The CBDT has the authority to extend specified statutory compliance deadlines when circumstances warrant such action.

Therefore, the government may announce a revised tax audit deadline in the future.

However, taxpayers should rely only on an official CBDT notification or order.

Until such an announcement is made:

30 September 2026 should continue to be treated as the applicable Tax Audit Report due date.

15. Extension request vs official extension – What is the difference?

Taxpayers should clearly understand the difference between a request for an extension and an extension that has actually been granted.

Step 1 – Representation is submitted

Professional organisations, Chartered Accountants, tax practitioners or other stakeholders submit requests to the CBDT or Ministry of Finance seeking additional time.

⬇️

Step 2 – Government reviews the request

The authorities examine the representations along with technical, administrative and compliance-related issues.

⬇️

Step 3 – Official decision is issued

If the CBDT approves an extension, it issues an official notification, order or formal announcement specifying the revised deadline.

⬇️

Step 4 – Revised deadline becomes effective

Only after the official announcement can taxpayers rely on the extended due date.

Therefore:

“Professional bodies have requested an extension”

does not mean:

“The Tax Audit deadline has been extended.”

The two situations are completely different.

16. Tax Audit Due Date Status as of 13 September 2026

The current position can be summarised below:

Particulars Current Position
Financial Year FY 2025-26
Assessment Year AY 2026-27
Applicable Tax Audit Provision Section 44AB
Tax Audit Forms Form 3CA/3CB + Form 3CD
Existing Tax Audit Due Date 30 September 2026
Extension to 31 October 2026 Not officially announced as of 13 September 2026
Extension requests Yes
Professional bodies seeking extension Yes
Date requested by representations 31 October 2026
Audit-case ITR due date 31 October 2026
Transfer Pricing audit/report deadline 31 October 2026
Transfer Pricing ITR deadline 30 November 2026

Thus, based on the position stated above, taxpayers should continue to consider 30 September 2026 as the operative tax audit deadline unless the CBDT formally announces a change.

17. What action should taxpayers take now?

The practical approach is simple:

Do not wait for an extension announcement.

If your tax audit is still pending, start completing the required work immediately.

A typical preparation process may include:

Finalise books of accounts → Reconcile bank statements → Reconcile GST data → Verify TDS → Check AIS/26AS → Reconcile debtors and creditors → Review fixed assets → Verify loans and liabilities → Check expenses → Complete tax computation → Compile Form 3CD information → Finalise audit report → Obtain taxpayer approval → File the ITR

The objective should be to have the audit report ready for submission by 30 September 2026.

If the CBDT later grants an extension, taxpayers who have already completed their work will simply have additional time available.

On the other hand, if no extension is announced, delaying the audit until the last few days may result in avoidable compliance pressure, errors and filing risks.

Key takeaway

Plan your compliance based on the existing 30 September 2026 deadline. Any later extension should be treated as additional time, not as the deadline you are depending upon.

Final Conclusion

Tax Audit Due Date FY 2025-26: Current Status and Extension Update

As of 13 September 2026, the CBDT has not issued any official notification extending the tax audit deadline for FY 2025-26 (AY 2026-27).

Therefore, the existing tax audit deadline continues to be:

30 September 2026

At the same time, several professional organisations have approached the CBDT and Ministry of Finance seeking additional time and have proposed extending the deadline to:

31 October 2026

The requests for additional time are based on various compliance-related concerns, including the limited time available between important filing deadlines, the phased availability of ITR forms and utilities, and the increased level of audit and reporting work.

For now, taxpayers and tax professionals should follow the existing deadline rather than relying on a possible future extension.

The safest approach is to complete and submit the Tax Audit Report by 30 September 2026. Do not postpone compliance in anticipation of an extension.

If the CBDT subsequently issues an official order extending the deadline, taxpayers can follow the revised date specified in that announcement.

Quick Summary

  • ❌ Has an extension been officially announced? — No
  • 📅 Current Tax Audit Due Date — 30 September 2026
  • 📢 Is an extension being requested? — Yes
  • 🎯 Deadline requested by professional bodies — 31 October 2026
  • ⚠️ Should taxpayers wait for the extension? — No

Current Official Position

The Income Tax Department’s current information indicates 30 September 2026 as the applicable tax audit deadline for FY 2025-26. The existing Forms 3CA/3CB along with Form 3CD continue to apply for the relevant AY 2026-27 tax audits.

Taxpayers should therefore rely on official notifications issued by the Income Tax Department or CBDT for any subsequent change in the deadline.

Disclaimer

This article is intended solely for general informational and educational purposes. It should not be treated as professional tax, legal or financial advice. Taxpayers should independently verify the applicable provisions of the Income-tax Act, rules, circulars, notifications and other official government communications before taking any compliance or financial decision.

New Rules from 1 September 2026: Key Updates on ITR, Tax, GST and Banking

From 1 September 2026, several important developments will affect taxpayers, bank customers, and businesses. However, it would not be technically correct to say that every change is a “new law effective from 1 September.” Some are consequences arising after the 31 August deadline, while others are important regulatory developments scheduled during September. Certain banking-related changes may also vary from one bank to another.

Therefore, this article explains the key changes and developments that taxpayers, businesses, and bank customers should be aware of from 1 September 2026 onwards, particularly:

  • ITR filing after 31 August
  • Filing of Belated ITR
  • New timeline for Revised ITR
  • 57th GST Council Meeting
  • ATM withdrawal charges
  • Possible changes in bank-specific charges
  • New security features and alphanumeric codes in cheque books
  • Important tax compliance deadlines in September

ITR Filing: 31 August Deadline Has Ended

One of the most significant developments concerns Income Tax Return filing.

For AY 2026-27, the applicable due date for non-audit taxpayers to file their ITR was 31 August 2026. Therefore, after 31 August, the normal deadline for filing an original return under Section 139(1) has expired.

The Income Tax Department has also clarified that 31 August 2026 was the applicable due date for non-audit taxpayers for AY 2026-27.

Accordingly, if an eligible taxpayer files an ITR on or after 1 September 2026, it will generally be treated as a Belated Return.

Which ITR Can Be Filed After 1 September?

Missing the 31 August deadline does not mean that taxpayers can no longer file their ITR.

Taxpayers who failed to submit their original return by 31 August can still file a Belated Return, subject to the applicable provisions.

For AY 2026-27:

Last Date for Filing Belated ITR: 31 December 2026

As per the Income Tax Department, a belated return for AY 2026-27 can be filed up to 31 December 2026, subject to the earlier completion of assessment.

However, filing a belated return may attract the applicable late filing fee:

  • Total income up to ₹5 lakh → ₹1,000
  • Total income above ₹5 lakh → ₹5,000

In addition, interest on outstanding tax liability may also apply wherever applicable.

Therefore, the key takeaway from 1 September is:

ITR filing does not stop after 31 August. However, returns filed after the deadline will generally be treated as Belated Returns, and applicable late filing fees may be payable.

Major Change in the Revised ITR Filing Timeline

There is an important change regarding Revised Income Tax Returns for AY 2026-27.

If you have already filed your ITR within the prescribed time and later discover any issue, such as:

  • Income was not reported;
  • An incorrect deduction was claimed;
  • Bank interest was missed;
  • There was an error in reporting capital gains;
  • A TDS mismatch was noticed;
  • Incorrect information was entered;

you can generally file a Revised Return to correct the details.

The timeline for filing a revised return has also been extended compared with the earlier framework.

New Last Dates for Revised ITR

31 December 2026

If the Revised ITR is filed on or before 31 December 2026, the return can be filed within this extended timeline without the additional fee prescribed under Section 234I.

31 March 2027

A Revised ITR can also be filed between 1 January 2027 and 31 March 2027. However, in such cases, the additional fee prescribed under Section 234I will apply.

The Income Tax Department’s current FAQs specifically confirm that for AY 2026-27, a revised return can be filed up to 31 March 2027, subject to completion of assessment. A revised return filed after 31 December 2026 will attract the applicable Section 234I fee.

In Simple Terms:

Type of ITR Last Date Consequence
Original ITR – Non-Audit 31 Aug 2026 Normal due date has expired
Belated ITR 31 Dec 2026 Late filing fee + applicable interest
Revised ITR 31 Dec 2026 No Section 234I additional fee
Revised ITR after 31 Dec 31 Mar 2027 Section 234I additional fee applicable

Therefore, if you have already filed your ITR but later realize that there is an error or omission, filing the revised return before 31 December 2026 may be financially more beneficial.

Important Difference Between Belated and Revised ITR

Taxpayers should clearly understand the difference between these two types of returns.

Belated Return

If the original ITR was not filed within the applicable due date:

31 August deadline missed → Belated ITR

Revised Return

If the ITR has already been filed and an error is discovered later:

ITR already filed → Revised ITR

Therefore, a taxpayer who did not file the ITR by 31 August 2026 will generally need to file a Belated Return.

On the other hand, a taxpayer who filed the ITR on or before 31 August 2026 but later discovers an error can generally file a Revised Return to correct it.

57th GST Council Meeting: Major Meeting Scheduled for 12 September

September brings an important development for GST taxpayers and businesses.

The 57th GST Council Meeting is scheduled to take place in New Delhi on 12 September 2026.

According to the official memorandum issued by the GST Council Secretariat:

57th GST Council Meeting

Date: 12 September 2026
Time: 11:00 AM onwards

A meeting of GST officers will also be held one day earlier:

Officers’ Meeting

Date: 11 September 2026
Time: 11:00 AM onwards

This GST Council meeting is being held after a gap of more than a year since the previous Council meeting.

ATM Cash Withdrawal Charges

Now let us look at an important development concerning the banking sector.

Under the RBI’s existing framework, customers are entitled to a certain number of free ATM transactions every month.

At the customer’s own bank’s ATM, the general framework provides for:

5 Free Transactions

At another bank’s ATM:

Metro Cities — 3 Free Transactions

Non-Metro Cities — 5 Free Transactions

Once the free transaction limit is exhausted, banks may charge up to ₹23 per transaction, along with applicable taxes.

Are All Banks Increasing ATM Charges from 1 September?

No.

This distinction is very important.

The RBI specifies the maximum permissible charges, while individual banks determine their actual applicable fee structure within the regulatory framework.

Therefore:

ATM charges can differ depending on the bank and the type of account.

For example, certain banks may have separate charges for:

  • Additional ATM transactions;
  • Non-financial ATM transactions;
  • Cash withdrawals;
  • Balance enquiries.

Customers should therefore check their bank’s latest Schedule of Charges to understand the applicable fees during September.

Important Point

It would be incorrect to assume that ₹23 is a fixed charge for every ATM transaction.

The ₹23 amount relates to the applicable maximum customer charge after the prescribed free transaction limit has been exceeded, subject to the RBI framework.

ATM Transaction Failed but Money Was Debited?

This is another important protection available to bank customers.

If an ATM transaction fails and:

  • Money is debited from the bank account; but
  • Cash is not dispensed by the ATM,

the bank is required to reverse the amount within the prescribed timeline.

Under the RBI framework, failed ATM transactions have an outer reversal timeline of T+5 calendar days.

If the amount is not reversed beyond this prescribed period, a compensation of ₹100 per day is applicable.

Therefore, if an ATM transaction fails, customers should not simply wait for the refund.

Keep records such as:

Bank statement + ATM receipt + Complaint Number

New Alpha-Numeric Security Code May Be Introduced in Cheque Books

Cheque users may also see an important development going forward from September.

Several banks are introducing additional security features in cheque leaves to strengthen cheque security and reduce the risk of cheque fraud.

One such feature is the Alpha-Numeric Code.

An alpha-numeric code means that, instead of using numbers alone, a combination of letters and numbers may be printed on the cheque leaf.

The primary objective is to strengthen cheque authentication and help prevent fraudulent cheque transactions.

For example, policy documents of Bank of India mention the Alphanumeric Code as an enhanced security feature, and the bank has introduced it in its new-series cheque books.

Will All Old Cheque Books Become Invalid After 31 December 2026?

Customers should be cautious about such claims circulating on social media.

Some banks have issued communications asking customers to adopt new-series cheque books with enhanced security features.

However, it would be incorrect to claim that:

“The RBI has made all old cheque books across India automatically invalid after 31 December 2026.”

Requirements for replacing an existing cheque book may depend on the specific instructions issued by the respective bank.

Therefore, if your bank asks you to:

  • Obtain a new cheque book;
  • Replace your existing cheque series;
  • Use a newly introduced alphanumeric security code;

you should follow the bank’s instructions.

Customers who frequently use cheques for high-value transactions should especially verify the validity of their cheque book and any applicable security requirements.

The RBI’s Cheque Truncation System (CTS) framework has also continued to focus on cheque security, standardisation, and prevention of cheque-related fraud.

Second Advance Tax Instalment Due in September

September is important not only for banking and ITR matters but also for Income Tax compliance.

For taxpayers covered by the advance tax provisions, 15 September 2026 is an important due date for the second instalment of Advance Tax.

Generally, cumulative advance tax payments are scheduled as follows:

15 June → 15%

15 September → 45%

15 December → 75%

15 March → 100%

These percentages are subject to the applicable provisions and taxpayer circumstances.

Therefore, taxpayers who are liable to pay advance tax should review their estimated income, tax liability, and payments already made before the September deadline.

GST Compliance Also Remains Important in September

September is also an important month for GST taxpayers because of various regular compliance deadlines.

Monthly filers should keep track of the applicable due dates for August 2026 transactions, including returns and tax payments.

Important GST compliances may include:

  • GSTR-1
  • GSTR-3B
  • GSTR-7
  • GSTR-8
  • GSTR-5
  • GSTR-6
  • QRMP-related payments

Taxpayers should verify the applicable due dates based on their registration type and filing frequency.

Moreover, the 12 September GST Council Meeting makes September 2026 particularly significant from the perspective of GST policy developments.

Another Important Income Tax Deadline in September

September is also significant for taxpayers covered by tax audit requirements.

For applicable tax audit cases for AY 2026-27, the Tax Audit Report is due by 30 September 2026, while the corresponding ITR filing deadline may fall later depending on the applicable category.

The Income Tax Department has also clarified the tax audit report timeline for AY 2026-27.

Therefore, audit taxpayers should not assume:

“The ITR due date is in October, so there is no compliance required in September.”

The Tax Audit Report must be submitted first, within the prescribed timeline.

MCA DIR-3 KYC: No Longer an Annual Requirement

The MCA has provided an important compliance relief for company directors.

Earlier, DIN holders generally had to complete DIR-3 KYC compliance every year.

However, the MCA has amended the Companies (Appointment and Qualification of Directors) Rules and changed the annual KYC requirement.

DIR-3 KYC Is No Longer Required Every Year

Under the revised system, DIR-3 KYC Web is required once in every three consecutive financial years.

This change became effective from 31 March 2026.

Therefore, directors should understand an important point in September 2026:

DIR-3 KYC is no longer an annual compliance requirement.

However, There Is an Important Condition

If there is any change in the Director’s:

  • Mobile Number
  • Email Address
  • Residential Address

the updated details must be reported through DIR-3 KYC Web within 30 days, along with the applicable fee.

Therefore, directors should ensure that their contact and residential details remain updated in the MCA records.

Therefore, do not assume that no MCA KYC update is required for the next three years.

Example

Suppose a director was allotted a DIN during FY 2025-26.

In that case, the director’s three-year KYC cycle will begin from that financial year, and the applicable DIR-3 KYC Web filing will be required in the third consecutive financial year.

For directors who had already completed their KYC by FY 2025-26, the MCA indicates that their next KYC filing cycle would generally be due by 30 June 2028.

Another Important Point

If there is any change in the director’s:

Mobile Number / Email Address / Residential Address

there is no need to wait for the three-year KYC cycle.

Such changes must be updated within the prescribed period as applicable.

Therefore, in September 2026, directors should review their:

DIN + KYC Status + Mobile Number + Email Address + Residential Address

to ensure that all details are accurate and up to date.

Companies Compliance Facilitation Scheme 2026

According to the recent update, the window for the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) has been extended up to 15 September 2026.

The scheme provides eligible companies with an opportunity to regularise pending statutory filings, subject to the applicable terms and conditions.

This can be particularly useful for companies that have outstanding or delayed MCA filings.

September MCA Compliance Checklist

For Directors:

  • Check the DIR-3 KYC cycle
  • Update any changes in mobile number, email address, or residential address

For Companies:

  • Review pending MCA forms
  • Check eligibility under CCFS-2026
  • Ensure the 15 September deadline is not missed, wherever applicable

Major Opportunity for Small Taxpayers with Foreign Assets — FAST-DS 2026

The Government has introduced the Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 (FAST-DS).

It is a one-time voluntary disclosure opportunity that allows eligible taxpayers to declare specified foreign assets or foreign income that may not have been disclosed earlier, subject to the prescribed conditions.

Most importantly:

On 1 September 2026, the Income Tax Department enabled FAST-DS Form 1 for online filing.

This makes FAST-DS an important Income Tax development associated with 1 September 2026.

Who May Benefit from FAST-DS?

The scheme may be relevant for eligible taxpayers who hold certain specified foreign assets or foreign income that were not properly disclosed earlier.

Some examples include:

1. Foreign Bank Account

An individual may have opened a bank account abroad while studying or working overseas and later returned to India, but the account was not properly disclosed.

2. Foreign Shares / ESOP / RSU

An employee may have received:

  • ESOPs
  • RSUs
  • Shares
  • Other securities

from a foreign company, but the required foreign asset disclosure may have been missed.

3. Foreign Insurance

A person may hold a foreign insurance policy or a cash-value insurance contract that was omitted from the required disclosure.

4. Foreign Property

A taxpayer may own property or another specified asset outside India that was not disclosed as required.

5. Foreign Income

Income earned from a foreign source may not have been appropriately reported for Indian tax purposes.

The Income Tax Department’s FAQs specifically refer to situations such as MNC employees holding foreign ESOPs/RSUs, former students with dormant overseas bank accounts, and returning non-residents as examples of potentially relevant cases.

What Is the Value Limit Under FAST-DS?

An important distinction needs to be understood here.

Broadly, the scheme provides for two categories.

Category A

Where the combined value of specified undisclosed foreign income/assets is up to ₹1 crore, the prescribed scheme mechanism may apply.

Under this category, the prescribed amount is calculated at 60% of the relevant value, subject to the applicable provisions.

Category B

For certain specified foreign assets or income having a value of up to ₹5 crore, a separate mechanism applies. Subject to the prescribed conditions, there is a provision for a ₹1 lakh fee.

FAST-DS Last Date

This is one of the most important dates to remember:

31 December 2026

The last date for submitting a declaration under the scheme is 31 December 2026.

Therefore, eligible taxpayers have a limited window beginning in September 2026 to evaluate their position and take appropriate action.

What Should Foreign Asset Holders Do?

If you have any of the following:

  • Foreign Bank Account
  • Foreign Shares
  • ESOPs / RSUs
  • Foreign Property
  • Foreign Insurance
  • Foreign Investments
  • Foreign Income

and believe that a previous disclosure may have been missed or incomplete, the matter should not be ignored.

The first step should be to determine:

Am I eligible for FAST-DS?

If you are eligible, then carefully evaluate:

Value + Source + Applicable Category + Tax/Fee + Supporting Documentation

before making the disclosure.

Important: A Foreign Asset Is Not Limited to a Foreign Bank Account

A foreign asset does not simply mean a bank account maintained outside India.

Foreign shares, securities, ESOPs, RSUs, insurance policies, overseas property, investments, and other specified foreign assets may also be relevant depending on the applicable disclosure requirements.

Therefore, taxpayers should review their complete overseas asset and income position rather than checking only for foreign bank accounts.

Taxpayers often assume:

“I do not have a foreign bank account, so I do not need to worry about Schedule FA.”

However, this assumption may not always be correct.

Depending on the circumstances, foreign assets may include:

  • Foreign bank accounts
  • Foreign custodial accounts
  • Foreign equity or debt interests
  • Foreign financial interests
  • Immovable property located outside India
  • Foreign insurance or cash-value policies
  • Interests in foreign trusts
  • Foreign accounts for which the taxpayer has signing authority
  • Other specified foreign assets

The Income Tax Department also covers several categories within the scope of foreign asset disclosure.

FAST-DS and Foreign Asset Disclosure in ITR — Understand Both Separately

This distinction is also important for taxpayers.

FAST-DS is a special one-time disclosure scheme.

On the other hand, under the regular ITR filing framework, eligible resident taxpayers are required to disclose applicable foreign assets and foreign income through the prescribed schedules.

According to the Income Tax Department, Schedule FA, Schedule FSI, and Schedule TR are associated with the disclosure of foreign assets and foreign income. These schedules are not available in ITR-1 and ITR-4.

Therefore, taxpayers holding foreign assets should not consider only:

“Is my income taxable?”

They should also ask:

“Do I have any foreign assets or foreign income, and am I required to disclose them?”

🚨 1 September 2026 — Major Tax Update

The Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS) 2026 – Form 1 has become available for filing through the Income Tax e-Filing Portal.

Eligible taxpayers can disclose specified undisclosed foreign assets or income subject to the prescribed conditions.

Last Date: 31 December 2026

Important SFT Reporting Thresholds

The following transactions may be reportable under the Statement of Financial Transactions (SFT) framework once the specified thresholds are reached:

S. No. Transaction SFT Reporting Threshold
1 Cash payment for purchasing a bank draft, pay order, or banker’s cheque ₹10 lakh or more in a financial year (with PAN); ₹5 lakh or more (without PAN)
2 Cash deposits in savings or other accounts, excluding current accounts and time deposits ₹10 lakh or more in a financial year (with PAN); ₹5 lakh or more (without PAN)
3 Time deposits, excluding renewal of another time deposit ₹10 lakh or more in a financial year
4 Credit card bill payments ₹1 lakh or more in cash OR ₹10 lakh or more through other modes in a financial year
5 Purchase of bonds or debentures ₹10 lakh or more in a financial year
6 Purchase of shares or payment towards share application money ₹10 lakh or more in a financial year
7 Buy-back of shares, other than purchases through the open market ₹10 lakh or more in a financial year
8 Sale or purchase of foreign currency, forex cards, etc. ₹10 lakh or more with PAN; ₹5 lakh or more without PAN
9 Purchase, sale, gift, or Joint Development Agreement (JDA) involving immovable property ₹45 lakh or more, or stamp duty value of ₹45 lakh or more
10 Purchase of stamp paper ₹2 lakh or more in a single transaction with PAN; ₹1 lakh or more without PAN
11 Payment of insurance premiums ₹5 lakh or more in a financial year with PAN; ₹2.5 lakh or more without PAN
12 Cash receipts from the sale of goods or services by a specified person liable to tax audit More than ₹2 lakh

Disclaimer

The proposed or expected changes discussed in relation to the GST Council should not be treated as final GST law unless officially notified. Before taking any action relating to tax, GST, or banking transactions, taxpayers and businesses should verify the relevant official notification, circular, and applicable instructions issued by their bank.

Mark Your Calendar: August 2026 Compliance Due Dates for GST, ITR, TDS & MCA

August 2026 Compliance Calendar: Major Income Tax, ITR, TDS, GST & MCA Deadlines

August 2026 is a crucial month for tax compliance, with several important statutory deadlines applicable to taxpayers, businesses, professionals, companies, and tax deductors. After the busy filing season in July, various obligations under the Income-tax Act, GST laws, MCA regulations, and labour legislations become due during August.

Failure to comply with these deadlines may lead to late filing fees, interest liabilities, penalties, delays in processing returns, or even the loss of certain tax benefits.

Below is a detailed compliance calendar highlighting the key due dates for August 2026.

Income Tax Compliance

7 August 2026 – Due Date for Deposit of TDS/TCS

Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) deducted or collected during July 2026 should generally be deposited with the Central Government on or before 7 August 2026, unless a different timeline applies under the law.

This requirement generally applies to:

  • Employers
  • Companies
  • Partnership firms
  • Proprietorship businesses
  • Government deductors and other entities responsible for TDS/TCS compliance

31 August 2026 – Last Date to File ITR-3 & ITR-4

The revised Income-tax framework prescribes a separate filing deadline for certain non-audit business taxpayers.

Accordingly, 31 August 2026 is the due date for filing:

  • ITR-3 (for eligible taxpayers not subject to tax audit)
  • ITR-4 (Sugam)
  • Eligible working partners covered under the prescribed provisions

Taxpayers should carefully determine the due date applicable to their category rather than assuming that every return was due on 31 July.

Belated Return for ITR-1 & ITR-2

The original due date for filing ITR-1 and ITR-2 was 31 July 2026, and that deadline has already passed.

Those who could not file within the due date may still submit a Belated Return within the time permitted under the Income-tax Act. However, such filing may attract late filing fees, interest, and other statutory consequences wherever applicable.

Before submitting a belated return, taxpayers should reconcile and verify:

  • Annual Information Statement (AIS)
  • Form 26AS
  • Taxpayer Information Summary (TIS)
  • Any outstanding tax demand
  • Bank account validation status

Updated Return (ITR-U)

Eligible taxpayers also have the option of filing an Updated Return (ITR-U), provided they satisfy the conditions specified under the Income-tax Act.

The amended provisions now allow updated returns to be filed for a longer period than earlier, subject to payment of the prescribed additional tax and compliance with other statutory requirements.

TDS/TCS Compliance

Quarter 1 TDS/TCS Statements

The due date for filing Quarter 1 TDS/TCS statements for FY 2026-27 was 31 July 2026.

If the statement has not yet been filed, deductors should complete the filing without further delay.

Delayed filing may result in:

  • Late filing fee under Section 234E
  • Interest, where applicable
  • Additional penalties or other legal consequences in eligible cases

Important TRACES Portal Update

The TRACES Portal has introduced revised TDS certificate formats, including Form 131, for Tax Year 2026–27.

Deductors should use the updated portal functionality to download and issue the applicable TDS certificates wherever required.

GST Compliance

For GST-registered businesses, August 2026 is another important month with multiple return filing deadlines that must be monitored carefully.

10 August 2026

Due date for filing:

  • GSTR-7
  • GSTR-8

11 August 2026

Last date to file:

  • Monthly GSTR-1 (for taxpayers filing returns on a monthly basis)

13 August 2026

Due date for:

  • GSTR-5
  • GSTR-6

20 August 2026

Due date for filing:

  • Monthly GSTR-3B
  • GSTR-5A (where applicable)

GST Update: E-Way Bill System Changes Postponed

GSTN has deferred the implementation of the proposed enhancements to the E-Way Bill system.

As a result, businesses are not required to make immediate changes to their ERP software or existing operational processes. The revised rollout timeline will be communicated separately by GSTN.

MCA (Ministry of Corporate Affairs)

Company Compliance Facilitation Scheme (CCFS) 2026

A significant MCA compliance opportunity continues to be available through the Company Compliance Facilitation Scheme (CCFS), 2026, which remains open until 31 August 2026.

The scheme allows eligible companies to regularize pending ROC filings and obtain the benefits offered under the scheme, subject to the prescribed conditions.

Companies with outstanding ROC compliances should complete the necessary filings before the scheme expires to avoid missing this one-time compliance opportunity.

Regular ROC Compliances

Apart from the special compliance schemes, companies should also ensure that all routine ROC filings are completed within the prescribed timelines under the Companies Act.

Depending on the nature of the transaction, the commonly applicable ROC forms include:

  • DIR-12
  • MGT-14
  • INC-22
  • SH-7

Companies should review their statutory obligations and file the relevant forms on time to avoid additional fees and regulatory non-compliance.

EPF & ESI Compliance

15 August 2026

Employers covered under the respective labour laws should ensure timely remittance of:

  • EPF (Employees’ Provident Fund) contributions
  • ESI (Employees’ State Insurance) contributions

Timely payment helps employers remain compliant and prevents interest and penalty liabilities.

Checklist Before Filing Your Income Tax Return

Whether filing your original Income Tax Return or submitting a belated return, it is advisable to verify the following documents and records before filing:

  • ✅ Annual Information Statement (AIS)
  • ✅ Form 26AS
  • ✅ Taxpayer Information Summary (TIS)
  • ✅ Form 16 or Form 16A (where applicable)
  • ✅ Capital Gains Statement
  • ✅ Interest Certificates
  • ✅ Validated Bank Account Details

Cross-checking these documents helps ensure accurate reporting of income and reduces the chances of receiving tax notices or processing delays.

Important Due Dates – August 2026

Due Date Compliance
7 August 2026 Deposit of TDS/TCS deducted or collected during July 2026
10 August 2026 Filing of GSTR-7 and GSTR-8
11 August 2026 Monthly GSTR-1 return
13 August 2026 Filing of GSTR-5 and GSTR-6
15 August 2026 Payment of EPF and ESI contributions
20 August 2026 Monthly GSTR-3B and GSTR-5A (where applicable)
31 August 2026 Due date for filing ITR-3 and ITR-4 for eligible non-audit taxpayers
31 August 2026 Last date to avail benefits under the Company Compliance Facilitation Scheme (CCFS) 2026

Conclusion

August 2026 is a significant month for meeting tax, GST, and corporate compliance obligations. Eligible taxpayers should ensure that ITR-3 and ITR-4 are filed by 31 August 2026, while businesses must also comply with GST return filing schedules, TDS/TCS payment requirements, EPF and ESI contributions, and applicable ROC filings.

Companies with pending ROC compliances should make full use of the Company Compliance Facilitation Scheme (CCFS) 2026 before the scheme concludes on 31 August 2026. Completing these compliances within the prescribed timelines can help avoid late fees, interest, penalties, and other legal consequences while ensuring smooth regulatory compliance.

Complete Inventory Management Software for Retail & Wholesale


Complete Inventory Management Software for Every Business

Inventory is one of the most valuable assets of any business. Whether you own a retail shop, wholesale business, supermarket, medical store, hardware shop, garment showroom, electronics store, mobile shop, or manufacturing company, proper inventory management is essential for business growth and profitability.

Many businesses still rely on manual stock registers or Excel sheets, which often result in stock shortages, duplicate entries, incorrect pricing, billing mistakes, and inventory losses.

Easy Smart Shop Inventory Management Software is designed to eliminate these challenges by providing a complete inventory management solution. From product creation to barcode printing, stock monitoring, HSN management, price list control, inventory reports, and product identity tracking, everything is managed from a single dashboard.

The software provides real-time visibility into your inventory, helping businesses reduce errors, save time, improve stock accuracy, and make better purchasing decisions.

Why Inventory Management is Important?

Proper inventory management helps businesses:

  • Maintain accurate stock records
  • Prevent stock shortages
  • Avoid excess inventory
  • Improve cash flow
  • Reduce inventory losses
  • Speed up billing operations
  • Improve customer satisfaction
  • Generate accurate business reports

Easy Smart Shop automates all these processes, allowing business owners to focus on growing their business rather than managing manual stock records.

Powerful Features of Easy Smart Shop Inventory Management Software

1. Item Master – Centralized Product Management

The Item Master is the foundation of the inventory system. It stores complete information about every product in one place.

You can manage:

  • Item Code
  • Product Name
  • HSN/SAC Code
  • GST Ledger
  • Product Category
  • Product Group
  • Unit of Measurement
  • Purchase Price
  • Selling Price
  • MRP
  • Purchase Discount
  • Sales Discount
  • Opening Stock
  • Available Stock
  • Minimum Stock Reminder
  • CESS Tax
  • Product Photos
  • Documents
  • Product Remarks

Benefits

  • Easy product creation
  • Better inventory organization
  • Faster billing
  • GST-ready inventory
  • Centralized product database


2. Store Item Management

Manage Active, Inactive, and All Items from a single screen.

The software allows you to:

  • Add New Products
  • Edit Existing Products
  • Delete Products
  • View Product Transactions
  • View Product Identities
  • Manage Price Lists
  • Export Item Lists to Excel

This ensures every product remains properly organized and easily searchable.

3. Real-Time Stock Overview

Easy Smart Shop provides a live overview of inventory.

Business owners can instantly view:

  • Current Stock
  • Available Quantity
  • Low Stock Items
  • Negative Stock
  • Inventory Value
  • Order Reminder Quantity
  • Item-wise Stock
  • Group-wise Stock
  • Category-wise Stock

Products running below minimum stock are automatically highlighted, helping businesses reorder inventory before stock-outs occur.

4. Category & Group Wise Inventory

Organize thousands of products into categories and groups for faster management.

Examples:

Electronics

  • Mobile
  • Laptop
  • Accessories

Hardware

  • Paint
  • Cement
  • Electrical
  • Plumbing

Benefits include better reporting, faster searching, and organized inventory management.

5. Price List Management

Different customers often require different pricing structures.

Easy Smart Shop allows businesses to maintain multiple price lists for:

  • Retail Customers
  • Wholesale Customers
  • Dealers
  • Distributors
  • Corporate Clients
  • Special Offers

This flexibility improves pricing accuracy and customer service.

6. Bulk Price Update

Updating product prices manually is time-consuming.

Easy Smart Shop allows bulk price updates using predefined price lists.

Users can review:

  • Average Purchase Rate
  • Selling Price
  • Purchase Rate
  • Discount
  • Available Stock
  • Last Updated Date
  • Last Updated By

Thousands of products can be updated within minutes.

7. Barcode Generation & Printing

Generate professional barcode labels for products instantly.

Features include:

  • Item-wise Barcode
  • Date-wise Barcode
  • Default Barcode Templates
  • Barcode Label Printing
  • Selling Price on Barcode
  • Multiple Item Barcode Printing
  • Lot-wise Barcode Printing

Professional barcode labels improve billing speed and inventory accuracy.


8. Barcode Template Management

Customize barcode labels using adjustable templates.

Supported options include:

  • Label Height
  • Label Width
  • Margins
  • Horizontal Gap
  • Vertical Gap
  • Printer Settings

This allows businesses to print barcode labels according to their preferred sticker sizes.


9. Product Identity Tracking

Track every individual product using:

  • Barcode Number
  • Serial Number
  • IMEI Number
  • Identity Number
  • Product Code

Businesses can instantly view complete product history using identity tracking.

Ideal for:

  • Mobile Shops
  • Electronics Stores
  • Medical Stores
  • Manufacturing Companies

10. HSN & GST Management

Easy Smart Shop simplifies GST compliance by allowing businesses to manage:

  • HSN Codes
  • SAC Codes
  • GST Rates
  • Product Classification
  • GST Ledger
  • CESS Tax

Every product remains GST-ready, reducing tax filing errors.


11. Unit Management

Manage products in multiple measurement units including:

  • Nos
  • Kg
  • Gram
  • Liter
  • Feet
  • Set
  • Meter
  • Box
  • Packet

Each unit can also be linked with GST Units for better tax compliance.

12. Complete Item Transaction History

Every purchase and sale transaction is stored automatically.

Users can check:

  • Customer Name
  • Invoice Number
  • Invoice Date
  • Quantity Sold
  • Purchase History
  • Selling Price
  • GST Amount
  • Discount
  • Total Amount

This provides complete traceability for every product.

13. Inventory Reports

Generate powerful reports including:

  • Stock Report
  • Inventory Valuation
  • Low Stock Report
  • Negative Stock Report
  • Category Report
  • Group Report
  • Product Transaction Report
  • Barcode Report
  • HSN Report
  • Price List Report

All reports can be exported to Excel.

Industries Using Easy Smart Shop

  • Retail Stores
  • Wholesale Businesses
  • Supermarkets
  • Medical Stores
  • Garment Shops
  • Hardware Shops
  • Mobile Shops
  • Electronics Stores
  • FMCG Distributors
  • Manufacturing Industries
  • Automobile Spare Parts
  • Stationery Shops
  • Cosmetic Stores

Why Choose Easy Smart Shop?

Easy Smart Shop combines inventory management, stock control, barcode generation, GST compliance, HSN management, product tracking, pricing, and reporting into a single integrated software.

Whether your business manages 100 products or 100,000 products, the software provides speed, accuracy, automation, and complete inventory visibility.

With an easy-to-use interface and powerful reporting tools, it helps businesses save time, reduce operational costs, and make smarter inventory decisions.

Frequently Asked Questions

Is Easy Smart Shop suitable for retail stores?

Yes. It is designed for retail, wholesale, supermarkets, medical stores, hardware shops, garment businesses, electronics stores, and manufacturers.

Can I print barcode labels?

Yes. The software includes barcode generation, customizable barcode templates, and professional label printing.

Does it support GST and HSN codes?

Yes. Easy Smart Shop supports HSN/SAC codes, GST rates, GST ledgers, and CESS tax management.

Can I manage multiple price lists?

Yes. You can create separate price lists for retail, wholesale, dealer, distributor, and corporate customers.

Can I export reports?

Yes. Inventory reports, stock reports, and price lists can be exported to Excel.

Conclusion

Inventory management plays a critical role in business success. Easy Smart Shop Inventory Management Software provides businesses with a comprehensive solution for managing products, stock, pricing, barcode labels, GST compliance, HSN codes, inventory reports, and transaction history.

By automating routine inventory tasks, businesses can reduce errors, improve productivity, maintain accurate stock records, and deliver better customer service.

If you are looking for a reliable, user-friendly, and feature-rich inventory management software, Easy Smart Shop is the right choice.

Get Your Free Demo Today

Take complete control of your inventory with Easy Smart Shop Inventory Management Software.

Why Choose Easy Smart Shop?

  • ✅ Real-Time Stock Management
  • ✅ Barcode Generation & Printing
  • ✅ HSN & GST Ready
  • ✅ Multiple Price Lists
  • ✅ Bulk Price Updates
  • ✅ Product Identity Tracking
  • ✅ Smart Inventory Reports
  • ✅ Low Stock Alerts
  • ✅ Excel Export
  • ✅ Fast & User-Friendly Interface

📞 Call: 8180009888
🌐 Website: www.easysmartshop.com

🎁 Request your FREE Demo today and experience smarter inventory management with Easy Smart Shop.

Easy Smart Shop Reports Module | GST, Sales & Profit Reports


Easy Smart Shop Reports Module – Make Better Business Decisions with Powerful Reports

Running a business without proper reports is like driving a vehicle without a dashboard. Every business owner needs accurate and real-time reports to monitor sales, purchases, profits, inventory, GST, and outstanding payments.

The Easy Smart Shop Reports Module provides all essential reports in one place, helping business owners make quick and informed decisions.

Whether you own a retail shop, wholesale business, supermarket, medical store, hardware shop, or any trading business, the Reports Module simplifies your daily business analysis.

Reports Available in Easy Smart Shop

The Reports menu includes several useful reports that help monitor every aspect of your business.

1. Receivables Report

Track all customer outstanding payments.

Benefits
Customer-wise pending payments
Due amount tracking
Improve cash flow
Easy payment follow-up

Perfect for businesses that sell on credit.

2. Payables Report

Monitor supplier payments and outstanding bills.

Benefits
Vendor-wise outstanding
Payment reminders
Better financial planning
Avoid late payment penalties

3. Item Wise Sale Summary

Know which products generate the highest sales.

Benefits
Best-selling products
Slow-moving products
Sales comparison
Better stock planning

This report helps improve inventory management.

4. Item Wise Sale Purchase Register

Compare item purchase and sales in one report.

Benefits
Purchase history
Sales history
Gross profit analysis
Product performance


5. Route Wise Balance

Useful for businesses with delivery routes or field sales executives.

Benefits
Route-wise outstanding
Collection tracking
Delivery management
Sales route analysis

6. SMS Log Report

Track all SMS notifications sent from the software.

Benefits
Customer SMS history
Payment reminders
Invoice notifications
Marketing SMS tracking

7. Day Book Report

Monitor all daily financial transactions.

Includes
Receipts
Payments
Expenses
Cash Transactions
Bank Transactions

Perfect for daily accounting.

 

8. Profit & Loss Report

Instantly know whether your business is making profit.

Report Includes
Sales Income
Purchase Cost
Expenses
Gross Profit
Net Profit

This report helps business owners evaluate overall performance.

9. Balance Sheet

View your business financial position.

Includes:

Assets
Liabilities
Capital
Closing Balance

Useful during financial year closing.

 

10. HSN Summary Report

Generate GST-ready HSN Summary within seconds.

Benefits
HSN Code-wise Sales
GST Filing Support
Tax Summary
Easy Accountant Sharing
Why Reports Matter for Every Business

Business decisions should be based on data, not assumptions.

With Easy Smart Shop Reports you can:

Monitor Business Performance
Increase Profitability
Reduce Inventory Loss
Improve Cash Flow
Track Outstanding Payments
Simplify GST Filing
Generate Reports Instantly
Save Time Every Day
Businesses That Can Use These Reports

Easy Smart Shop Reports are suitable for:

Grocery Stores
Supermarkets
Mobile Shops
Hardware Shops
Electrical Shops
Garment Stores
Footwear Shops
Gift Shops
Wholesale Businesses
FMCG Distributors
Retail Stores

Why Choose Easy Smart Shop?

Easy Smart Shop is more than just billing software. It provides complete business management with powerful reporting tools.

Key Features

✔ GST Billing

✔ Inventory Management

✔ Stock Reports

✔ Sales Reports

✔ Purchase Reports

✔ Customer Management

✔ Supplier Management

✔ Outstanding Tracking

✔ Profit Analysis

✔ Dashboard

✔ Backup

✔ Multi User Support

✔ Barcode Support

✔ E-Invoice Support

✔ E-Way Bill Support

Conclusion

The Reports Module in Easy Smart Shop gives business owners complete visibility into their daily operations. From sales and purchases to GST, profit analysis, outstanding payments, and financial statements, everything is available in just a few clicks.

If you want to make smarter business decisions and grow your business with accurate data, Easy Smart Shop Reports Module is the perfect solution.

 

Easy Smart Shop : Complete Accounting Solution for Retail & Wholesale Businesses

Easy Smart Shop Account Menu: Complete Accounting Solution for Retail & Wholesale Businesses
Managing the financial side of a business is one of the biggest challenges for any retailer, wholesaler, distributor, or service provider. Every day, businesses deal with customer payments, supplier dues, cash transactions, bank transfers, GST compliance, and ledger management. Without an efficient accounting system, even a profitable business can face financial confusion, reporting errors, and cash flow issues.

This is where Easy Smart Shop Billing Software simplifies the entire accounting process.

The Account Menu in Easy Smart Shop is designed to provide complete control over your business finances. Whether you’re running a grocery store, medical shop, hardware store, mobile shop, garment shop, electronics showroom, supermarket, or wholesale business, the Account Module helps you manage every financial transaction accurately and efficiently.

In this article, we’ll explore every feature of the Easy Smart Shop Account Menu and understand how it helps businesses save time, improve accuracy, and maintain financial transparency.

Why is Accounting Important for Every Business?

Many small businesses still maintain records manually in notebooks or Excel sheets. As the business grows, this approach becomes difficult to manage.

Common problems include:

  • Missing payment records
  • Incorrect customer balances
  • Supplier payment confusion
  • Cash mismatch
  • Bank reconciliation issues
  • GST reporting errors
  • Time-consuming ledger preparation
  • Difficulty during audits

A modern accounting system solves these problems by keeping every financial transaction organized and easily accessible.

Easy Smart Shop provides all these features within a single integrated billing and accounting platform.


What is the Account Menu in Easy Smart Shop?

The Account Menu is a centralized accounting module that allows users to manage:

  • Customer Receipts
  • Supplier Payments
  • Cash Flow
  • Bank Transactions
  • Wallet Transactions
  • Customer Statements
  • Supplier Statements
  • Journal Entries
  • Day Book
  • Ledger Reports
  • GST Reports
  • Tally Export
  • GST Return API

Instead of using multiple software solutions, businesses can manage all accounting activities from one place.


1. Receipt Entry

Receiving payments from customers is a daily activity for every business.

The Receipt Entry feature allows users to record customer payments quickly and accurately.

Benefits

  • Record cash payments
  • Record bank payments
  • Record UPI payments
  • Link receipts to customers
  • Maintain complete payment history
  • Reduce manual accounting errors

Every receipt is stored securely and can be viewed anytime.


2. Payment Entry

Businesses regularly make payments to suppliers, employees, transport agencies, and service providers.

The Payment Entry feature helps record every outgoing payment.

Advantages

  • Supplier payment records
  • Expense payment tracking
  • Bank payment entry
  • Cash payment recording
  • Payment history maintenance
  • Better financial control

No payment is ever missed.

3. Cash Overview

Cash management is one of the most important aspects of business operations.

The Cash Overview feature provides a complete summary of:

  • Cash Received
  • Cash Paid
  • Current Cash Balance
  • Daily Cash Flow

Business owners can instantly know how much cash is available.


4. Customer Account Statement

Understanding customer balances becomes easy with the Customer Account Statement.

It provides:

  • Opening Balance
  • Sales
  • Receipts
  • Pending Amount
  • Credit Transactions
  • Complete Payment History

This helps businesses recover outstanding payments faster.


5. Customer Advance Statement

Many businesses receive advance payments before delivering goods or services.

Easy Smart Shop allows businesses to track:

  • Advance received
  • Advance utilized
  • Remaining advance balance
  • Customer-wise advance history

This prevents duplicate adjustments and accounting mistakes.

6. Supplier Account Statement

Suppliers are the backbone of every business.

The Supplier Statement shows:

  • Purchase Details
  • Payments Made
  • Outstanding Balance
  • Credit History
  • Supplier Ledger

Businesses can easily manage supplier relationships by making timely payments.

7. Money Transfer

Many businesses operate multiple cash accounts and bank accounts.

The Money Transfer feature helps transfer funds between:

  • Cash to Bank
  • Bank to Bank
  • Bank to Wallet
  • Wallet to Cash

Every transfer is automatically recorded.

This eliminates duplicate entries and maintains proper accounting.


8. Bank / Wallet Overview

Today’s businesses receive payments through:

  • Cash
  • Bank
  • UPI
  • PhonePe
  • Google Pay
  • Paytm
  • Wallets

The Bank/Wallet Overview provides:

  • Current Balance
  • Transaction Summary
  • Deposit History
  • Withdrawal History
  • Wallet Transactions

Everything is available on a single screen.

9. Bank Transaction View

Instead of checking bank statements manually, businesses can monitor transactions directly within Easy Smart Shop.

Features include:

  • Date-wise transactions
  • Account-wise transactions
  • Deposit records
  • Withdrawal records
  • Transfer records
  • Search facility

Finding any transaction takes only a few seconds.


10. Day Book

The Day Book is one of the most useful accounting reports.

It displays every financial transaction performed during the day.

Included transactions:

  • Sales
  • Purchase
  • Receipts
  • Payments
  • Expenses
  • Journal Entries
  • Cash Entries

This provides a complete financial snapshot of the business.


11. Journal Entry

Certain accounting adjustments cannot be recorded through normal transactions.

For these situations, Easy Smart Shop provides Journal Entry.

Examples include:

  • Adjustment Entries
  • Opening Balance Adjustments
  • Depreciation Entries
  • Manual Accounting Entries
  • Correction Entries

Professional accountants can maintain proper books without external software.


12. Ledger Statement

The Ledger Statement provides complete financial history for every account.

Businesses can generate ledgers for:

  • Customers
  • Suppliers
  • Cash
  • Bank
  • Expenses
  • Income
  • Assets
  • Liabilities

Reports can be filtered by:

  • Date
  • Account
  • Transaction Type

This makes auditing and financial analysis much easier.

13. GST Reports

GST compliance is essential for every registered business.

Easy Smart Shop automatically prepares GST Reports.

Available reports include:

  • GST Sales Report
  • GST Purchase Report
  • Tax Summary
  • HSN Report
  • Tax Liability
  • GST Register

These reports reduce manual work during GST filing.

14. Tally Data Export

Many Chartered Accountants prefer working in Tally.

Easy Smart Shop allows users to export accounting data directly to Tally.

Benefits include:

  • No duplicate data entry
  • Faster accounting
  • Easy CA collaboration
  • Accurate financial records
  • Time-saving workflow

This feature is especially useful for growing businesses.


15. GST Return API

Filing GST returns becomes much easier with GST Return API support.

Businesses can:

  • Prepare GST data automatically
  • Reduce manual errors
  • Improve filing speed
  • Maintain compliance
  • Save valuable accounting time

Automation ensures better accuracy.

Key Benefits of Easy Smart Shop Account Menu

The Account Menu is built to simplify daily accounting operations.

Major benefits include:

  • Complete accounting solution
  • Easy customer payment tracking
  • Supplier payment management
  • Cash and bank monitoring
  • Wallet transaction management
  • Automatic ledger generation
  • GST-ready reports
  • Tally integration
  • Secure financial records
  • Faster accounting operations
  • Reduced manual errors
  • Improved business transparency

Who Can Use Easy Smart Shop?

Easy Smart Shop is suitable for businesses of all sizes.

Industries include:

  • Grocery Stores
  • Kirana Shops
  • Mobile Shops
  • Garment Stores
  • Footwear Shops
  • Hardware Stores
  • Electrical Shops
  • Electronics Stores
  • Furniture Stores
  • Wholesale Businesses
  • Distributors
  • Supermarkets
  • Gift Shops
  • Cosmetic Stores
  • Stationery Stores
  • Service Centers
  • Auto Parts Shops

Whether your business is small or large, the Account Menu helps you maintain organized financial records.

Why Choose Easy Smart Shop Over Manual Accounting?

Manual accounting consumes significant time and increases the risk of errors. Businesses often struggle with lost records, incorrect balances, delayed GST preparation, and inefficient reporting.

Easy Smart Shop eliminates these challenges by bringing billing, inventory, accounting, GST, and reporting together in one integrated system. With real-time financial information, business owners can make faster decisions, improve cash flow management, and stay compliant with tax regulations.

Final Thoughts

A successful business depends not only on strong sales but also on accurate financial management. The Account Menu in Easy Smart Shop Billing Software is designed to simplify daily accounting tasks while improving accuracy, transparency, and efficiency.

From recording receipts and payments to generating ledger statements, GST reports, and exporting data to Tally, every feature is built to reduce manual effort and help businesses operate with confidence.

If you’re looking for an all-in-one billing and accounting solution that saves time, minimizes errors, and keeps your finances organized, Easy Smart Shop is the ideal choice.

Frequently Asked Questions (FAQs)

Q1. What is the Account Menu in Easy Smart Shop?
It is a complete accounting module that manages receipts, payments, cash, bank transactions, customer and supplier statements, ledgers, GST reports, and Tally export.

Q2. Can I manage customer outstanding payments?
Yes. The Customer Account Statement provides complete details of sales, receipts, and pending balances.

Q3. Does Easy Smart Shop support GST reporting?
Yes. It generates GST reports, tax summaries, HSN reports, and supports GST Return API integration.

Q4. Can I export data to Tally?
Yes. Easy Smart Shop includes a Tally Data Export feature for seamless accounting and CA collaboration.

Q5. Which businesses can use Easy Smart Shop?
It is suitable for retail stores, wholesale businesses, distributors, supermarkets, pharmacies, mobile shops, garment stores, hardware stores, and many other industries.

Contact Easy Smart Shop

Easy Smart Shop Billing Software
📞 Phone: 8180009888
🌐 Website: www.easysmartshop.com
🎯 Free Demo: 15 Days Free Demo Available

Suggested SEO Keywords: Easy Smart Shop, Billing Software, Accounting Software for Retail, GST Billing Software, Customer Account Statement, Supplier Ledger, Receipt Entry Software, Payment Management Software, Tally Export Software, Retail Accounting Software, Inventory and Billing Software, GST Ready Billing Software.

Become a Sales Partner with SwaNirmit Technologies

Become a Sales Partner with Swanirmit Technologies

Are you looking for a profitable business opportunity with zero investment? Swanirmit Technologies invites distributors, computer dealers, IT professionals, freelancers, business consultants, and entrepreneurs to become our Sales Partners and grow their income by selling our Easy Smart Shop Billing Software.

Why Choose Swanirmit Technologies?

Swanirmit Technologies is a trusted software development company specializing in Billing Software, Retail Management Solutions, Inventory Management, GST Billing, and Business Automation Software. Our mission is to help businesses simplify their daily operations with reliable, easy-to-use, and affordable software solutions.

Our flagship product, Easy Smart Shop Billing Software, is designed for retail stores, supermarkets, wholesalers, distributors, pharmacies, garment shops, hardware stores, mobile shops, and many other businesses.

Sales Partner Program Benefits

When you become a Sales Partner, you receive:

  • 30% Commission on every software sale.
  • Attractive incentive schemes for high-performing partners.
  • One-year renewal business opportunities.
  • Complete product training and sales guidance.
  • Sales brochures, presentations, and marketing materials.
  • Technical support from our expert team.
  • No stock or inventory required.
  • Zero investment to get started.
  • Opportunity to build a long-term business relationship with Swanirmit Technologies.

Partner Portal – Manage Your Business Online

Every Sales Partner gets access to our dedicated Partner Portal, where you can:

  • Register as a Sales Partner
  • Submit customer leads
  • Track your sales progress
  • Access marketing materials
  • Stay connected with our support team
  • Manage your partner activities anytime, anywhere

Partner Portal: https://partner.swanirmit.com/home

Who Can Join?

Our Sales Partner Program is ideal for:

  • Computer Dealers
  • Software Resellers
  • IT Companies
  • Computer Shops
  • Freelancers
  • Digital Marketing Agencies
  • Business Consultants
  • GST Consultants
  • Students with Sales Skills
  • Entrepreneurs

No prior software selling experience is required. If you have the ability to connect with businesses, we will help you with product knowledge and technical support.

Why Businesses Choose Easy Smart Shop Billing Software

Our software offers powerful features such as:

  • GST Billing
  • Inventory Management
  • Barcode Billing
  • Customer & Supplier Management
  • Purchase & Sales Reports
  • Profit & Loss Reports
  • Multi-user Access
  • Fast and Secure Billing
  • Easy-to-use Interface
  • Reliable Technical Support

These features help businesses improve efficiency, reduce manual work, and manage operations more effectively.

Start Earning Today

Whether you want to earn additional income or build a full-time software business, the Swanirmit Technologies Sales Partner Program provides the right platform to grow.

Join our partner network and start earning attractive commissions while helping businesses adopt modern billing software solutions.

Ready to get started? Register today through our Partner Portal and begin your journey with Swanirmit Technologies.

Partner Portal: https://partner.swanirmit.com/home

Contact Us

Swanirmit Technologies

📞 Phone: 8180009888

📧 Email: sales@swanirmit.com

🌐 Website: www.swanirmit.com

🌐 Product Website: www.easysmartshop.com

🔗 Partner Portal: https://partner.swanirmit.com/home

Become a Sales Partner today and grow your business with Swanirmit Technologies.

2026-27 TDS/TCS Section Codes: Full Updated List

The Income-tax Act, 2025 has introduced new section numbers and corresponding TDS/TCS codes. These revised section codes are applicable for Tax Year 2026-27 onwards and must be used while filing TDS/TCS returns under the new law.

To ensure accurate return filing, deductors and collectors should refer to the updated TDS/TCS section codes provided below.

TDS Section Codes for Tax Year 2026-27

The following table contains the revised TDS section codes prescribed under the Income-tax Act, 2025. These codes are applicable while filing TDS returns for Tax Year 2026-27 onwards.

Nature of Payment Relevant Section Section Code for TDS Return
Salary paid to State Government or other Government employees (excluding Union Government employees) 392 1001
Salary paid to employees other than Government employees 392 1002
Salary paid to Union Government employees (applicable for statements from FY 2013-14 onwards) 392 1003
Tax deduction in the case of specified senior citizens (applicable from FY 2021-22 onwards) 393(1) [Table: Sl. No. 8(iii)] 1032
Payment of accumulated balance due to an employee 392(7) 1004
Insurance commission or brokerage 393(1) [Table: Sl. No. 1(i)] 1005
Commission or brokerage (other than insurance) 393(1) [Table: Sl. No. 1(ii)] 1006
Rent for plant, machinery, or equipment paid to a specified person 393(1) [Table: Sl. No. 2(ii).D(a)] 1008
Rent for land, building, furniture, or fittings paid to a specified person 393(1) [Table: Sl. No. 2(ii).D(b)] 1009
Payment of consideration (other than consideration in kind) under an agreement referred to in Section 67(14) 393(1) [Table: Sl. No. 3(ii)] 1011
Compensation paid for acquisition of certain immovable property 393(1) [Table: Sl. No. 3(iii)] 1012
Income payable to a resident from units of a specified mutual fund, specified undertaking, or specified company 393(1) [Table: Sl. No. 4(i)] 1013
Interest income distributed by a business trust to a resident unit holder 393(1) [Table: Sl. No. 4(ii)] 1014
Dividend income distributed by a business trust to a resident unit holder 393(1) [Table: Sl. No. 4(ii)] 1015
Income (excluding the exempt portion under Schedule V) from units of an investment fund payable to a unit holder 393(1) [Table: Sl. No. 4(iii)] 1017
Income payable to an investor from an investment in a securitisation trust referred to in Section 221 393(1) [Table: Sl. No. 4(iv)] 1018
Interest income arising from securities 393(1) [Table: Sl. No. 5(i)] 1019
Interest income (other than interest on securities) payable to a senior citizen 393(1) [Table: Sl. No. 5(ii).D(a)] 1020
Interest income (other than interest on securities) payable to a person other than a senior citizen 393(1) [Table: Sl. No. 5(ii).D(b)] 1021
Interest income other than interest on securities 393(1) [Table: Sl. No. 5(iii)] 1022
Payment under a contract for carrying out any work, including labour supply, where the contractor is an Individual or HUF 393(1) [Table: Sl. No. 6(i).D(a)] 1023
Payment under a contract for carrying out any work, including labour supply, where the contractor is a person other than an Individual or HUF 393(1) [Table: Sl. No. 6(i).D(b)] 1024
Fees for technical services (excluding professional services), royalty relating to cinematographic films, or payments to call centre operators 393(1) [Table: Sl. No. 6(iii).D(a)] 1026
Fees for professional services or payments covered under Section 26(2)(h) 393(1) [Table: Sl. No. 6(iii).D(b)] 1027
Director’s remuneration, commission, fees, or similar payments (other than salary covered under Section 392) 393(1) [Table: Sl. No. 6(iii).D(b)] 1028
Dividend payments, including dividends on preference shares 393(1) [Table: Sl. No. 7] 1029
Amount received under a life insurance policy, including bonus, excluding amounts exempt under Schedule II 393(1) [Table: Sl. No. 8(i)] 1030
Payment made towards the purchase of goods 393(1) [Table: Sl. No. 8(ii)] 1031
Benefit or perquisite arising from business or profession provided to a resident 393(1) [Table: Sl. No. 8(iv)] 1033
Business or professional benefits/perquisites provided wholly or partly in kind where tax is deposited before release 393(1) [Table: Sl. No. 8(iv)] Note 6 1034
Sale of goods or services through an e-commerce operator’s digital platform 393(1) [Table: Sl. No. 8(v)] 1035
Consideration for transfer of a Virtual Digital Asset (VDA) where the transferor is not an Individual or HUF 393(1) [Table: Sl. No. 8(vi)] 1037
Consideration, whether in cash, kind, or both, for transfer of a Virtual Digital Asset 393(1) [Table: Sl. No. 8(vi)] Note 6 1038
Winnings from lotteries, crossword puzzles, card games, gambling, betting, or similar games (excluding online games) 393(3) [Table: Sl. No. 1] 1058
Winnings from lotteries, betting, gambling, crossword puzzles, card games, etc., where winnings are wholly/partly in kind and tax is paid before release 393(3) [Table: Sl. No. 1] Note 2 1059
Income from winnings in online games 393(3) [Table: Sl. No. 2] 1060
Online game winnings paid in kind or partly in kind where tax is deposited before release 393(3) [Table: Sl. No. 2] Note 2 1061
Income from horse race winnings 393(3) [Table: Sl. No. 3] 1062
Commission, remuneration, or prize paid to persons engaged in stocking, distributing, purchasing, or selling lottery tickets 393(3) [Table: Sl. No. 4] 1063
Cash payments by a bank, post office, or co-operative society to a co-operative society 393(3) [Table: Sl. No. 5.D(a)] 1064
Cash payments by a bank, post office, or co-operative society to persons other than co-operative societies 393(3) [Table: Sl. No. 5.D(b)] 1065
Amount referred to under Section 80CCA(2)(a) of the Income-tax Act, 1961 393(3) [Table: Sl. No. 6] 1066
Salary, remuneration, commission, bonus, or interest paid or credited to a partner of a firm, including the capital account 393(3) [Table: Sl. No. 7] 1067

Payment of accumulated balance payable to an employee 392(7) 1004
Income covered under Section 211 393(2) [Table: Sl. No. 1] 1039
Interest payable on foreign currency borrowings from outside India under eligible loan agreements or long-term infrastructure bonds issued between 1 July 2012 and 30 June 2023, or approved long-term bonds issued between 1 October 2014 and 30 June 2023 393(2) [Table: Sl. No. 2] 1040
Interest payable on funds borrowed from outside India through rupee-denominated bonds issued before 1 July 2023 393(2) [Table: Sl. No. 3] 1041
Interest on long-term bonds or rupee-denominated bonds issued between 1 April 2020 and 30 June 2023 and listed exclusively on a recognised stock exchange in an International Financial Services Centre (IFSC) 393(2) [Table: Sl. No. 4.E(a)] 1042
Interest on long-term bonds or rupee-denominated bonds issued on or after 1 July 2023 and listed exclusively on a recognised stock exchange in an IFSC 393(2) [Table: Sl. No. 4.E(b)] 1043
Interest income payable to a non-resident from an Infrastructure Debt Fund 393(2) [Table: Sl. No. 5] 1044
Distributed income referred to in Section 223 falling under Schedule V [Table: Sl. No. 3.B(a)] 393(2) [Table: Sl. No. 6.E(a)] 1045
Distributed income referred to in Section 223 falling under Schedule V [Table: Sl. No. 3.B(b)] 393(2) [Table: Sl. No. 6.E(b)] 1046
Distributed income referred to in Section 223 covered under Schedule V [Table: Sl. No. 4] 393(2) [Table: Sl. No. 7] 1047
Income from units of an investment fund specified under Section 224, excluding the exempt portion under Schedule V 393(2) [Table: Sl. No. 8] 1048
Income arising from investments in a securitisation trust specified under Section 221 393(2) [Table: Sl. No. 9] 1049
Income from units of a specified Mutual Fund under Schedule VII or from a specified company 393(2) [Table: Sl. No. 10] 1050
Income from units referred to in Section 208 393(2) [Table: Sl. No. 11] 1051
Long-term capital gains from transfer of units referred to in Section 208 393(2) [Table: Sl. No. 12] 1052
Interest or dividend income from bonds or Global Depository Receipts covered under Section 209 393(2) [Table: Sl. No. 13] 1053
Long-term capital gains arising from transfer of bonds or Global Depository Receipts referred to in Section 209 393(2) [Table: Sl. No. 14] 1054
Income from securities covered under Section 210(1) [Table: Sl. No. 1] 393(2) [Table: Sl. No. 15] 1055
Income from securities covered under Section 210(1) [Table: Sl. No. 1] (other applicable category) 393(2) [Table: Sl. No. 16] 1056
Interest (other than that covered under Codes 1040 to 1044) or any other taxable payment not chargeable under the head “Salaries” 393(2) [Table: Sl. No. 17] 1057
Winnings from lotteries, crossword puzzles, card games, gambling, betting, or similar games (excluding online games) 393(3) [Table: Sl. No. 1] 1058
Winnings from lotteries, betting, gambling, crossword puzzles, or similar games where winnings are wholly or partly in kind and tax has been deposited before release 393(3) [Table: Sl. No. 1] Note 2 1059
Income from online game winnings 393(3) [Table: Sl. No. 2] 1060
Online game winnings paid wholly or partly in kind where tax is paid before release 393(3) [Table: Sl. No. 2] Note 2 1061
Income from horse race winnings 393(3) [Table: Sl. No. 3] 1062
Commission, remuneration, or prize paid to persons engaged in the stocking, distribution, purchase, or sale of lottery tickets 393(3) [Table: Sl. No. 4] 1063
Cash payments by a bank, post office, or co-operative society to a co-operative society 393(3) [Table: Sl. No. 5.D(a)] 1064
Cash payments by a bank, post office, or co-operative society to persons other than co-operative societies 393(3) [Table: Sl. No. 5.D(b)] 1065
Amount covered under Section 80CCA(2)(a) of the Income-tax Act, 1961 393(3) [Table: Sl. No. 6] 1066
Salary, remuneration, commission, bonus, or interest paid or credited to a partner of a firm, including amounts credited to the capital account

TDS Section Codes for Tax Year 2026-27

Nature of Payment / Transaction Relevant Section Section Code for TDS Return
Sale of alcoholic liquor meant for human consumption 394(1) [Table: Sl. No. 1] 1068
Sale of tendu leaves 394(1) [Table: Sl. No. 2] 1069
Sale of timber obtained under a forest lease arrangement 394(1) [Table: Sl. No. 3] 1070
Sale of timber obtained through any mode other than a forest lease 394(1) [Table: Sl. No. 3] 1071
Sale of forest produce (other than timber and tendu leaves) obtained under a forest lease 394(1) [Table: Sl. No. 3] 1072
Sale proceeds from scrap 394(1) [Table: Sl. No. 4] 1073
Sale of minerals such as coal, lignite, or iron ore 394(1) [Table: Sl. No. 5] 1074
Sale of a motor vehicle where the sale value exceeds the prescribed threshold 394(1) [Table: Sl. No. 6.D(a)] 1075
Sale of a wristwatch above the specified monetary limit 394(1) [Table: Sl. No. 6.D(b)] 1076
Sale of artworks such as paintings, sculptures, or antiques exceeding the threshold 394(1) [Table: Sl. No. 6.D(b)] 1077
Sale of collectible items such as coins or stamps above the prescribed limit 394(1) [Table: Sl. No. 6.D(b)] 1078
Sale of yachts, rowing boats, canoes, or helicopters exceeding the threshold value 394(1) [Table: Sl. No. 6.D(b)] 1079
Sale of sunglasses where the consideration exceeds the specified limit 394(1) [Table: Sl. No. 6.D(b)] 1080
Sale of handbags, purses, or similar bags above the threshold limit 394(1) [Table: Sl. No. 6.D(b)] 1081
Sale of shoes where the sale consideration exceeds the prescribed limit 394(1) [Table: Sl. No. 6.D(b)] 1082
Sale of sportswear or sports equipment, including golf kits and ski-wear, above the threshold 394(1) [Table: Sl. No. 6.D(b)] 1083
Sale of a home theatre system exceeding the specified value 394(1) [Table: Sl. No. 6.D(b)] 1084
Sale of horses used for horse racing or polo where the consideration exceeds the threshold 394(1) [Table: Sl. No. 6.D(b)] 1085
Remittance under the Liberalised Remittance Scheme (LRS) for education or medical treatment exceeding the prescribed threshold 394(1) [Table: Sl. No. 7.D(a)] 1086
Remittance under the Liberalised Remittance Scheme (LRS) for purposes other than education or medical treatment exceeding the threshold 394(1) [Table: Sl. No. 7.D(b)] 1087
Sale of an overseas tour programme package, including travel, hotel, boarding, lodging, or related expenses, up to the prescribed threshold 394(1) [Table: Sl. No. 8.D(a)] 1088
Sale of an overseas tour programme package, including travel, hotel, boarding, lodging, or related expenses, exceeding the prescribed threshold 394(1) [Table: Sl. No. 8.D(b)] 1089
Use of a parking facility for business purposes, excluding mining or quarrying of mineral oil (including petroleum and natural gas) 394(1) [Table: Sl. No. 9] 1090
Use of a toll plaza for business purposes, excluding mining or quarrying of mineral oil (including petroleum and natural gas) 394(1) [Table: Sl. No. 9] 1091
Use of a mine or quarry for business purposes, other than mining or quarrying of mineral oil (including petroleum and natural gas) 394(1) [Table: Sl. No. 9] 1092
393(3) [Table: Sl. No. 7] 1067
2026 GST Update: Changes to Aggregate Annual Turnover (AATO) Amendment Process

The Goods and Services Tax Network (GSTN) has released a new advisory on 1 July 2026 announcing a revised schedule for amending the Aggregate Annual Turnover (AATO) on the GST Portal.

This update is important for all GST-registered taxpayers, as the period for requesting AATO amendments for FY 2025-26 has been moved from May to July. The revision is part of a major enhancement to the GST system, enabling the portal to automatically recalculate and update the Aggregate Annual Turnover whenever subsequent GST returns are filed.

In this article, we discuss the meaning of AATO, the reason behind the revised amendment schedule, the updated timeline, and the key actions taxpayers should take before filing an amendment request.

GSTN Updates Timeline for AATO Amendment

The Goods and Services Tax Network (GSTN) has announced a revision in the schedule for amending the Aggregate Annual Turnover (AATO) on the GST Portal. The change is part of a major system upgrade aimed at improving the accuracy of turnover information available to taxpayers.

Previously, taxpayers were allowed to submit AATO amendment requests during the month of May each year. Beginning with FY 2025-26, this schedule has been revised.

Under the new process, taxpayers can submit AATO amendment requests from 1 July 2026 to 31 July 2026.

The revised timeline coincides with the launch of an enhanced GSTN system that will automatically recalculate and update a taxpayer’s Aggregate Annual Turnover whenever pending or future GST returns are filed, reducing the need for manual corrections.

What is Aggregate Annual Turnover (AATO)?

Aggregate Annual Turnover (AATO) represents the total value of a taxpayer’s supplies across India based on a single PAN during a financial year.

Generally, AATO includes:

  • Taxable outward supplies
  • Exempt supplies
  • Export supplies
  • Inter-State supplies

However, the following are excluded from AATO:

  • GST collected on outward supplies
  • Inward supplies that are liable to Reverse Charge

The AATO displayed on the GST Portal plays a vital role in determining several compliance requirements, including:

  • Eligibility under the QRMP Scheme
  • Applicability of e-Invoicing
  • E-Way Bill compliance
  • GST return filing obligations
  • Other system-based validations under GST

Since several GST compliances depend on this figure, maintaining an accurate AATO is essential.

Reason Behind the Revised Amendment Schedule

GSTN has introduced this change as part of a system enhancement designed to automate the updating of Aggregate Annual Turnover.

Under the earlier mechanism, if taxpayers filed pending GST returns after the AATO had already been calculated, the turnover reflected on the portal could become outdated or inaccurate.

With the upgraded functionality:

  • Aggregate Annual Turnover will be refreshed automatically whenever pending or subsequent GST returns are filed.
  • The requirement for manual amendments will be considerably reduced.
  • Turnover figures will remain consistent across different GST modules.
  • System validations will rely on more accurate and updated turnover data.
  • Overall accuracy and efficiency of the GST Portal will improve.

As these enhancements are being implemented from 1 July 2026, the AATO amendment window has also been shifted accordingly.

Revised AATO Amendment Schedule for FY 2025-26

Activity Updated Timeline
Submission of AATO Amendment Request by Taxpayer 1 July 2026 to 31 July 2026
Verification by Jurisdictional Tax Officer 1 August 2026 to 15 August 2026

Earlier Process vs Revised Process

Particular Earlier Procedure Revised Procedure
Amendment Window During May 1 July to 31 July
Officer Verification After May 1 August to 15 August
Automatic AATO Update Not Available Available from 1 July 2026

This revision represents one of the most significant improvements made by GSTN to the AATO amendment process since the feature was introduced. By integrating automatic turnover updates with GST return filing, the new system is expected to reduce errors, improve data consistency, and simplify GST compliance for taxpayers.

Earlier GSTN Advisory Continues Until FY 2024-25

GSTN has stated that the latest advisory should be read along with its earlier notification issued on 2 May 2022, which introduced the facility for taxpayers to amend their Aggregate Annual Turnover (AATO) during the month of May each year.

The procedure prescribed under the 2022 advisory remained applicable up to FY 2024-25. However, starting from FY 2025-26, taxpayers will need to follow the newly revised amendment schedule announced by GSTN.

Who Should Review Their AATO?

All GST-registered taxpayers are advised to verify the Aggregate Annual Turnover displayed on the GST Portal, especially in the following situations:

  • GST returns were filed after the close of the financial year.
  • There was a delay in filing GSTR-1 or GSTR-3B.
  • The turnover figures were modified after the original filings.
  • The business turnover is close to a compliance threshold under GST.
  • The turnover shown on the GST Portal does not match the books of accounts.

Reviewing the AATO in such cases helps avoid compliance issues arising from incorrect turnover data.

Steps to Amend AATO on the GST Portal

Once the amendment facility becomes available, taxpayers can follow these steps:

  1. Sign in to the GST Portal.
  2. Open the Aggregate Annual Turnover (AATO) amendment option.
  3. Check the turnover value automatically generated by the system.
  4. Update the turnover amount if any correction is required.
  5. Submit the amendment request within the specified time period.

After submission, the amendment request will be forwarded to the concerned jurisdictional tax officer for verification and approval.

Key Points Taxpayers Should Keep in Mind

  • The AATO amendment window for FY 2025-26 will remain open only from 1 July 2026 to 31 July 2026.
  • Requests filed after the closing date may not be considered.
  • Jurisdictional tax officers will verify amendment applications between 1 August and 15 August 2026.
  • Taxpayers should carefully confirm the accuracy of the turnover before submitting any request.
  • Incorrect AATO details may affect eligibility under various GST provisions and compliance requirements.

Assistance for Technical Issues

If taxpayers encounter any technical difficulty while using the AATO amendment facility, GSTN has advised them to submit a grievance through the Self-Service Portal available on the GST Portal.

To ensure quicker resolution, the grievance should include complete information along with any relevant supporting documents or screenshots.

Significance of the Latest Advisory

While the advisory does not introduce any amendments to the GST law itself, it brings an important procedural change to the management of Aggregate Annual Turnover.

The introduction of automatic AATO updates is expected to minimize manual corrections, improve the accuracy of turnover data, and ensure that the figures displayed on the GST Portal remain synchronized with the latest GST return filings.

Taxpayers should therefore review their AATO during the revised amendment period and make any necessary corrections before 31 July 2026.

Frequently Asked Questions (FAQs)

Q1. What is the revised period for amending AATO for FY 2025-26?

Taxpayers can submit AATO amendment requests from 1 July 2026 to 31 July 2026.

Q2. Why has GSTN changed the amendment schedule?

The timeline has been revised because GSTN is introducing an upgraded system that automatically updates Aggregate Annual Turnover whenever pending or future GST returns are filed.

Q3. When will amendment requests be verified by tax authorities?

Jurisdictional tax officers will examine and verify AATO amendment requests between 1 August 2026 and 15 August 2026.

Q4. Does the revised schedule apply to FY 2024-25?

No. The previous amendment window during May continues to apply up to FY 2024-25. The revised July timeline is effective from FY 2025-26 onwards.

Q5. Why is maintaining an accurate AATO important?

Aggregate Annual Turnover is used to determine eligibility for several GST compliance requirements, including the QRMP Scheme, e-Invoicing, E-Way Bill provisions, and various system-driven validations. Keeping the AATO accurate helps ensure smooth GST compliance.

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