Finance and Taxation

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.

Mrs. Snehal Ubale

Aug, Sun, 2026

Academy Blog Business Careers Easy Smart Shop Events Finance and Taxation GST Internships Social Technology

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.

Meghana Badmore

Jul, Sat, 2026

Academy Blog Business Careers Easy Smart Shop Events Finance and Taxation GST Internships Social Technology

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.

Meghana Badmore

Jul, Thu, 2026

Academy Blog Business Careers Easy Smart Shop Events Finance and Taxation GST Social Technology

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.

Meghana Badmore

Jul, Wed, 2026

Academy Blog Business Careers Easy Smart Shop Events Finance and Taxation GST Internships Social Technology

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.

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Meghana Badmore

Jul, Fri, 2026

Finance and Taxation

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

Mrs. Snehal Ubale

Jul, Sun, 2026

Finance and Taxation

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:

Sign in to the GST Portal.
Open the Aggregate Annual Turnover (AATO) amendment option.
Check the turnover value automatically generated by the system.
Update the turnover amount if any correction is required.
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.

Mrs. Snehal Ubale

Jun, Tue, 2026

Finance and Taxation

New Post Office Savings Scheme Interest Rates from 1st July 2026

The Government of India has notified the interest rates for all Post Office Small Savings Schemes for the quarter 1 July 2026 to 30 September 2026. As anticipated, the Government has retained the existing rates without any revision. This marks the ninth consecutive quarter in which interest rates have remained unchanged.

The notified rates will continue to be applicable throughout July, August, and September 2026. The next review is expected before the commencement of the October–December 2026 quarter.

If you are considering investing in a Post Office savings scheme during this period, below are the latest interest rates along with the key highlights of each investment option.

Latest Post Office Small Savings Scheme Interest Rates (1 July 2026 – 30 September 2026)

Post Office Scheme	Interest Rate (Per Annum)
Savings Account	4.00%
1-Year Time Deposit	6.90%
2-Year Time Deposit	7.00%
3-Year Time Deposit	7.10%
5-Year Time Deposit	7.50%
5-Year Recurring Deposit	6.70%
Monthly Income Scheme (MIS)	7.40%
National Savings Certificate (NSC)	7.70%
Public Provident Fund (PPF)	7.10%
Kisan Vikas Patra (KVP)	7.50%
Sukanya Samriddhi Yojana (SSY)	8.20%
Senior Citizens Savings Scheme (SCSS)	8.20%

Source: Ministry of Finance notification for the July–September 2026 quarter.

1. Post Office Savings Account – Interest Rate: 4.00%

The Post Office Savings Account offers features similar to a regular bank savings account. Account holders can deposit and withdraw funds as needed and receive facilities such as a passbook and ATM services, wherever available.

Interest Rate

4.00% per annum

Interest is calculated according to the rules applicable to Post Office savings accounts.

Key Highlights

Government-backed savings option.
High liquidity with easy deposits and withdrawals.
Suitable for individuals seeking a safe place to park short-term funds.

2. Post Office Time Deposit (Fixed Deposit)

The Post Office provides fixed deposit options with four different investment tenures.

Tenure	Interest Rate
1 Year	6.90%
2 Years	7.00%
3 Years	7.10%
5 Years	7.50%

Interest is compounded every quarter and paid along with the maturity amount.

Key Highlights

Backed by the Government of India.
Assured returns over the chosen tenure.
Suitable for investors with a low-risk profile.
The 5-year Time Deposit qualifies for tax benefits under Section 80C, subject to the applicable provisions of the Income-tax Act.

3. Post Office Recurring Deposit (RD)

The Post Office Recurring Deposit Scheme is ideal for individuals who prefer building savings through regular monthly contributions.

Interest Rate

6.70% per annum

Key Highlights

Fixed monthly deposits.
Maturity period of five years.
Encourages disciplined and systematic savings.
Well suited for salaried employees and small investors.

4. Post Office Monthly Income Scheme (MIS)

The Monthly Income Scheme is a preferred investment choice for those looking to receive a steady monthly income while keeping their capital secure.

Interest Rate

7.40% per annum

Key Highlights

Monthly interest payment.
Five-year investment tenure.
Government-backed safety.

For instance, an investment of ₹1,00,000 earns annual interest of ₹7,400, resulting in a monthly income of approximately ₹617.

5. National Savings Certificate (NSC)

The National Savings Certificate is a popular long-term savings instrument that combines guaranteed returns with tax-saving benefits.

Interest Rate

7.70% per annum

Key Highlights

Five-year lock-in period.
Interest is compounded annually.
Entire accumulated amount is paid on maturity.

Eligible for deduction under Section 80C, subject to the applicable income tax provisions.

6. Public Provident Fund (PPF)

The Public Provident Fund (PPF) continues to be one of the most trusted long-term investment options for building wealth while enjoying tax benefits.

Interest Rate

7.10% per annum

Key Features

Investment tenure of 15 years.
Minimum annual contribution of ₹500.
Maximum contribution allowed is ₹1.5 lakh in a financial year.
Interest earned is exempt from tax under the prevailing tax provisions.
The maturity amount is also tax-free, subject to the applicable laws.

PPF is an excellent choice for investors seeking long-term, tax-efficient wealth creation with government-backed security.

7. Kisan Vikas Patra (KVP)

Although originally introduced for farmers, Kisan Vikas Patra (KVP) is open to all eligible investors.

Interest Rate

7.50% per annum

Maturity Period

The invested amount doubles in 115 months, equivalent to 9 years and 7 months.

Key Features

Government-backed investment.
Assured returns on maturity.
Suitable for investors with medium- to long-term financial goals.

8. Sukanya Samriddhi Yojana (SSY)

The Sukanya Samriddhi Yojana continues to offer one of the highest interest rates among all Post Office Small Savings Schemes.

Interest Rate

8.20% per annum

Key Features

Available for girl children below 10 years of age.
Minimum annual deposit of ₹250.
Maximum annual investment of ₹1.5 lakh.
Contributions can be made for 15 years.
The account matures after 21 years, subject to the scheme’s provisions.
Partial withdrawals are permitted for higher education, subject to prescribed conditions.

SSY is a suitable investment option for parents and guardians planning for their daughter’s future education or marriage expenses.

9. Senior Citizens Savings Scheme (SCSS)

The Senior Citizens Savings Scheme (SCSS) remains one of the most attractive government-backed investment options for retirees seeking regular income.

Interest Rate

8.20% per annum

Key Features

Available to eligible senior citizens.
Interest is paid every quarter.
Investment tenure of 5 years.
Extension after maturity is permitted in accordance with the scheme rules.
Maximum investment limit of ₹30 lakh.

For retired individuals looking for stable and predictable returns, SCSS continues to be a preferred choice.

Which Post Office Scheme Offers the Best Returns?

For the July–September 2026 quarter, the leading schemes in different categories are:

Category	Recommended Scheme
Highest Interest Rate	Sukanya Samriddhi Yojana (8.20%)
Best Option for Senior Citizens	Senior Citizens Savings Scheme (8.20%)
Ideal for Regular Monthly Income	Monthly Income Scheme (7.40%)
Best for Long-Term Tax-Free Savings	Public Provident Fund (7.10%)
Best for Guaranteed Wealth Accumulation	National Savings Certificate (NSC) and Kisan Vikas Patra (KVP)
Best for Monthly Savings Habit	Post Office Recurring Deposit (RD)

Interest Rates Remain Unchanged

The Ministry of Finance has decided to retain the existing interest rates for all Post Office Small Savings Schemes for the July–September 2026 quarter.

As a result, investors will continue to earn the same returns that were applicable during the previous quarter. These rates will remain in force until 30 September 2026, after which the Government will review and notify the interest rates for the October–December 2026 quarter.

Conclusion

Post Office Small Savings Schemes continue to be among the safest investment avenues in India due to their Government backing. Whether your objective is guaranteed returns, tax-efficient investing, retirement planning, regular monthly income, or long-term wealth creation, there is a suitable scheme to meet your financial needs.

Before making an investment decision, compare factors such as investment tenure, liquidity, expected returns, and tax benefits to choose the scheme that best aligns with your financial goals and risk profile.

Mrs. Snehal Ubale

Jun, Tue, 2026

Academy Blog Business Careers Easy Smart Shop Events Finance and Taxation GST Internships Social Technology

Easy Smart Shop Purchase Management: Simplify Your Business Purchase Process

Managing purchases efficiently is one of the most important parts of running a successful business. Manual purchase entries, supplier records, invoice tracking, and stock updates can take valuable time and may lead to errors.

Easy Smart Shop Purchase Management Software by SwaNirmit Technologies helps businesses manage their complete purchase process in a simple, organized, and efficient way.

What is Purchase Management in Easy Smart Shop?

Purchase Management in Easy Smart Shop is a smart solution designed to manage all purchase-related activities from a single platform.

It helps businesses maintain supplier details, record purchase invoices, update stock automatically, and keep complete purchase transaction history.

With this system, businesses can easily control purchasing activities and improve overall efficiency.

Key Features of Easy Smart Shop Purchase Management

1. Easy Purchase Entry

Create and manage purchase entries quickly with complete details.

The Purchase Entry module allows you to record:

Purchase Date
Supplier Name
Invoice Number
Item Details
Quantity
Purchase Rate
Discount
GST Details
Total Purchase Amount

This helps maintain accurate purchase records.

2. Supplier Management

Manage complete supplier information in one place.

You can maintain:

Supplier Name
Address
Contact Number
Email Details
GST Number
Purchase History

This makes supplier communication and tracking easier.

3. GST Purchase Management

Easy Smart Shop supports GST-based purchase transactions.

It manages:

HSN Code
GST Rate
CGST
SGST
IGST
Taxable Amount
Total Invoice Amount

Businesses can maintain proper GST purchase records easily.

4. Automatic Stock Update

Whenever a purchase entry is created, stock quantity gets updated automatically.

Benefits:

✔ Real-time Stock Availability
✔ Better Inventory Control
✔ Avoid Stock Shortage
✔ Easy Product Tracking

5. Purchase Invoice Management

Maintain all purchase invoices digitally.

You can track:

Invoice Details
Purchase Amount
Supplier Balance
Payment Status

This helps businesses manage their accounts more effectively.

6. Purchase Reports & Tracking

Easy Smart Shop helps generate useful purchase information for better decision-making.

Track:

Purchase History
Supplier Transactions
Item Purchase Details
Payment Records

Benefits of Easy Smart Shop Purchase Management

✔ Reduces Manual Work
✔ Saves Business Time
✔ Improves Purchase Accuracy
✔ Maintains Complete Records
✔ Helps Manage Suppliers Easily
✔ Provides Better Business Control

Why Businesses Choose Easy Smart Shop

Easy Smart Shop is designed for retailers, wholesalers, traders, and enterprises who want a simple yet powerful solution to manage their daily business operations.

With advanced purchase management features, businesses can improve productivity and focus on growth.

SwaNirmit Technologies – Smart Business Solutions

SwaNirmit Technologies provides reliable software solutions that help businesses move towards digital transformation.

Our goal is to provide easy, efficient, and smart technology solutions for every business.

📍 SwaNirmit Technologies
Chhatrapati Sambhaji Nagar, Maharashtra, India

📞 +91 81 8000 9888
📧 sales@swanirmit.com
🌐 www.swanirmit.com

Easy Smart Shop – Smart Management for Every Shop & Enterprise

Meghana Badmore

Jun, Mon, 2026

Academy Blog Business Careers Easy Smart Shop Events Finance and Taxation GST Internships Social Technology

Credit Note Module – EASY Smart Shop ERP Complete Guide What is a Credit Note?

Credit Note Module – EASY Smart Shop ERP Complete Guide
What is a Credit Note?

A Credit Note is a document issued to a customer when the company needs to reduce the invoice amount due to reasons like:

Sales Return
Post Sale Discount
Invoice Correction
Service Issue
Other adjustments

In EASY Smart Shop ERP, the Credit Note module helps manage customer returns, discounts, and invoice adjustments easily.

1) How to Open Credit Note Module?

Go to:

Sales → Credit Note

The Credit Note Entry screen will open.

2) Credit Note Entry Screen Details
A) Select Customer / Supplier

At the top:

Select Customer or Supplier

Select the required customer.

After selecting customer, you can check details using:

Customer Details Button

3) Customer Details Window

Customer information can be entered:

Name

Enter Customer Name

Address

Enter Customer Address

Enter Customer Email ID

Contact

Enter Mobile Number

GST No.

Enter Customer GST Number

State

Select Customer State

Example:

27 – Maharashtra

Click:

to save details.

4) Credit Note Date

Credit Note Date

Shows the date on which Credit Note is created.

Example:

23-Jun-2026

5) Credit Note Number

Enter or generate Credit Note Number.

It is used for tracking and reporting purposes.

6) Credit Note Type

There are two options:

1) Sales Return

Used when customer returns purchased items.

Example:

Customer purchased a printer and returned it.

2) Discount

Used when discount is provided after sales.

Example:

Giving ₹500 discount after invoice generation.

7) GST Reason Selection

Select the reason for creating Credit Note.

Available options:

01 – Sales Return

For returned goods.

02 – Post Sale Discount

For discount provided after sale.

03 – Deficiency in Services

For service-related issues.

04 – Correction in Invoice

To correct invoice mistakes.

05 – Change in POS

For change in Place of Supply.

06 – Finalization of Provisional Assessment
07 – Others

For other reasons.

8) Reference Invoice Selection

If Credit Note is created against an old invoice:

Click:

Select Reference Invoice

Select the invoice.

The system will fetch invoice details automatically.

9) Invoice Number & Invoice Date

After selecting reference invoice:

Invoice Number
Invoice Date

will be displayed automatically.

10) Remark / Reason

Enter the reason for Credit Note.

Examples:

“Material Returned Due To Damage”

“Discount Given As Per Customer Request”

11) Item Selection

Select items from:

Select Items

Example:

Printer
CCTV Camera
Cable
Software
12) Item Details

After selecting an item, details will appear:

Unit

PCS / Nos / Box

Description

Item Name

GST Rate %

GST Percentage

HSN

HSN Code

CGST Rate

Central GST Rate

SGST Rate

State GST Rate

IGST Rate

Integrated GST Rate

Item Type

Item Category

13) Quantity & Rate Details

Enter:

Return Quantity

Quantity returned by customer

Rate

Item selling rate

Discount %

Discount percentage (if applicable)

Amount

Total item amount

14) Add Item

After entering item details:

Click:

Add Item

The item will be added to the Credit Note list.

15) Credit Note Calculation

The system calculates:

Taxable Amount

Amount before GST

CGST

Central GST amount

SGST

State GST amount

IGST

Integrated GST amount

Tax Amount

Total GST

Total Amount

Final Credit Note value

Round Up

Rounding adjustment

Credit Note Amount

Final credit amount given to customer

16) Save Credit Note

After checking all details:

Click:

Save (F5)

Credit Note will be generated.

17) Print & Email Options

Available options:

Print (F6)

Print Credit Note

Print Preview (F7)

Check preview before printing

E-Mail Invoice (F8)

Send Credit Note through email

18) Credit Note Management

To view previous Credit Notes:

Open:

Credit Note Management

Select:

From Date
To Date
Customer

Click:

View

The list shows:

Credit Note ID
Invoice Date
Customer Name
Credit Note Number
Total Amount
Invoice Number
Updated By
19) Additional Options
New Credit Note

Create new Credit Note

Edit Credit Note

Modify existing Credit Note

Export Excel

Export Credit Note report into Excel

Print report

Benefits of Credit Note Module in EASY Smart Shop ERP

✅ Manage Sales Returns easily
✅ GST compliant Credit Notes
✅ Invoice correction facility
✅ Customer balance adjustment
✅ Automatic GST calculation
✅ Easy reporting
✅ Excel export facility

EASY Smart Shop ERP Credit Note Module makes Sales Return, Discount Management, and Invoice Adjustments simple, accurate, and faster.

Meghana Badmore

Jun, Wed, 2026