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.

 

Supreme Court Safeguards GST ITC Rights of Genuine Purchasers

The Supreme Court has provided major relief to genuine taxpayers by dismissing the Revenue’s Special Leave Petition (SLP) in Additional Commissioner Grade 2 & Anr. v. M/s Safecon Lifescience Private Limited [SLP (C) No. 23993 of 2026, Order dated 17 July 2026]. As a result, the judgment of the Allahabad High Court continues to hold the field and reinforces a crucial principle under GST law.

A genuine purchaser cannot be denied Input Tax Credit (ITC solely because the supplier’s GST registration was cancelled with retrospective effect. Such denial can be justified only where fraud, deliberate misrepresentation, or suppression of material facts is established on the part of the recipient.

The decision is expected to bring significant relief and clarity to honest businesses that face ITC disputes because of subsequent action taken against their suppliers, even after legitimate transactions have already been completed.

Background of the Case

M/s Safecon Lifescience Private Limited was involved in the wholesale trading and manufacturing of pharmaceutical products. During April 2021, the company purchased medicines from a supplier who was registered under GST.

At the time of the transactions:

  • The supplier held a valid GST registration.
  • Proper tax invoices were issued.
  • E-way bills and transportation records were maintained.
  • The goods were actually delivered and received.
  • Payments were made through banking channels.
  • The supplier filed the applicable GST returns.

Later, the GST Department received intelligence regarding alleged irregularities in the supplier’s business activities. Proceedings were subsequently initiated under Section 74 of the UPGST Act against Safecon Lifescience.

The Department denied the company’s ITC mainly on the ground that the supplier’s GST registration was later cancelled and that certain irregularities were allegedly found in the supplier’s upstream transactions.

Issue Before the Court

The key legal question before the Court was:

Can a genuine purchaser be denied Input Tax Credit merely because the supplier’s GST registration was subsequently cancelled retrospectively or because the supplier was allegedly involved in certain irregularities, despite the purchaser having undertaken a genuine transaction and fulfilled the necessary conditions for claiming ITC?

Allahabad High Court’s Findings

The Allahabad High Court ruled in favour of the taxpayer and set aside the GST demand.

The Court noted that:

  • The purchaser had submitted sufficient documentary evidence to establish that the transactions were genuine.
  • The Department was unable to disprove the actual movement and delivery of the goods or the payments made through banking channels.
  • There was no specific finding that the recipient had engaged in fraud, wilful misstatement, or suppression of material facts.
  • Proceedings under Section 74 cannot be based solely on suspicion or unverified information.
  • Information received from another authority must be independently examined and verified before being used against a taxpayer.

Supreme Court’s Ruling

The Revenue subsequently challenged the Allahabad High Court’s decision before the Supreme Court.

The Supreme Court, however, declined to interfere with the High Court’s order and dismissed the Revenue’s SLP, finding no sufficient ground to entertain the petition.

While the Supreme Court’s order was brief, its effect is significant. The Allahabad High Court’s decision remains undisturbed, thereby strengthening the legal protection available to genuine purchasers claiming ITC.

Key Legal Principle Emerging from the Decision

The ruling reinforces the principle that a recipient should not automatically lose Input Tax Credit merely because:

  • The supplier’s GST registration was cancelled retrospectively;
  • The supplier later failed to comply with GST requirements; or
  • Allegations of irregularities were subsequently raised against the supplier.

The recipient should remain protected where the transaction was genuine, the recipient acted in good faith, and there is no evidence of fraud, collusion, or deliberate wrongdoing on the recipient’s part.

Documents Businesses Should Maintain

The case also underlines the importance of maintaining complete and reliable transaction records.

Businesses should preserve documents such as:

  • Valid GST tax invoices;
  • E-way bills;
  • Transport documents and lorry receipts;
  • Proof confirming actual receipt of goods;
  • Bank statements and payment records;
  • Purchase registers and related accounting records;
  • GST return records; and
  • Vendor verification and due diligence documents.

Maintaining proper documentation can significantly strengthen a taxpayer’s defence during GST scrutiny, audit, or litigation.

Practical Impact on Businesses

The decision offers considerable relief to businesses that have genuinely purchased goods from registered suppliers and complied with the applicable GST requirements.

However, the ruling should not be understood as providing unconditional protection in every ITC dispute.

The benefit of the judgment may not be available where the Department is able to establish that:

  • The transaction was fictitious or non-existent;
  • The invoices were fabricated;
  • The goods were never actually supplied; or
  • The recipient knowingly participated in fraudulent activities.

Key Takeaways

  • A genuine purchaser should not ordinarily be penalised for a supplier’s subsequent tax default.
  • Retrospective cancellation of a supplier’s GST registration, by itself, does not automatically justify denial of ITC.
  • Proceedings under Section 74 must be supported by evidence of fraud, wilful misstatement, or suppression of facts attributable to the recipient.
  • Complete and accurate documentation remains one of the strongest safeguards in GST disputes.
  • The Supreme Court’s decision not to interfere provides additional support to taxpayers facing similar ITC-related proceedings.

The Safecon Lifescience decision is a significant development for genuine taxpayers. It reinforces the principle that businesses acting honestly and complying with the statutory requirements should not be punished solely because of subsequent defaults or regulatory action involving their suppliers.

At the same time, taxpayers should continue to conduct reasonable vendor due diligence and maintain proper transaction records. The decision makes it clear that the retrospective cancellation of a supplier’s GST registration, standing alone, cannot be the sole reason for denying ITC where the purchaser has acted bona fide and satisfied the applicable legal requirements.

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
Understanding GST Advisory 2026: Ship-to Field Requirement & Voluntary E-Way Bill Closure FAQs

Several questions, concerns and representations have been received from taxpayers, trade bodies, GST Suvidha Providers (GSPs) and other stakeholders regarding the mandatory reporting of the Ship-to field while generating E-Way Bills, as well as the facility for voluntary closure of E-Way Bills.

After examining these issues, a detailed set of Frequently Asked Questions (FAQs) has been prepared to address the common queries and provide clarity on the applicable system validations, compliance procedures and operational requirements.

All stakeholders are encouraged to review these FAQs carefully to understand the prescribed requirements, system checks and the process to be followed for proper compliance.

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.

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.

Latest Tax & Financial Changes from 1st July 2026 | Income Tax and GST Updates

With the commencement of July 2026, a number of significant regulatory and financial changes have become effective across India. These updates are expected to affect individual taxpayers, businesses, professionals, and the general public. Whether you are filing your Income Tax Return, managing GST compliance, dealing with TDS/TCS provisions, or using services related to Aadhaar, PAN, or passports, it is essential to stay informed about these latest developments.

1. Passport Fees Revised from 1 July 2026

One of the key changes effective from 1 July 2026 relates to passport services.

The Passport Seva system has introduced a revised fee structure for passport applications.

Some of the important revisions include:

  • The application fee for a fresh 36-page passport has increased from ₹1,500 to ₹2,500.
  • Charges for passport renewal, Tatkal applications, and replacement of lost or damaged passports have also been updated.

Individuals planning to apply for a new passport or renew an existing one should review the latest fee schedule before submitting their application.

2. Quarter-1 TDS and TCS Returns Due by 31 July 2026

With the completion of the first quarter of Tax Year 2026–27 (April to June 2026), the due date for filing quarterly TDS and TCS statements has arrived.

Due Date: 31 July 2026

Tax deductors and collectors are required to submit both TDS and TCS returns by this date. While returns may be filed earlier, 31 July 2026 is the final deadline for Quarter-1 compliance.

3. New TDS/TCS Return Forms and Updated Filing Utility

The Income Tax Department has introduced updated TDS/TCS return forms in line with the new Income-tax framework.

To facilitate return filing for Tax Year 2026–27 onwards, a new Return Preparation Utility (RPU) and Validation Utility have also been released.

Tax deductors should ensure they are using:

  • Latest RPU Version 1.0
  • Updated Validation Utility
  • Revised quarterly TDS/TCS return forms

Utilities applicable to FY 2025–26 should not be used for returns relating to Tax Year 2026–27. Businesses and professionals managing payroll or TDS compliance should update their software without delay.

4. Income Tax Return Filing Due Date for ITR-1 and ITR-2

July continues to be a crucial month for individual Income Tax Return filing.

For taxpayers filing ITR-1 and ITR-2, the due date remains:

31 July 2026

Before submitting the return, taxpayers should carefully verify the following information:

  • Annual Information Statement (AIS)
  • Form 26AS
  • Pre-filled return details
  • Bank account information

Checking these records on the Income Tax e-filing portal helps minimize errors and reduces the chances of receiving notices later.

5. Extended Due Date for ITR-3 and ITR-4 (Non-Audit Cases)

Business taxpayers have received additional time to file their Income Tax Returns.

For taxpayers filing ITR-3 or ITR-4 where a tax audit is not applicable, the due date has been extended to:

31 August 2026

This extension is particularly beneficial for taxpayers such as:

  • Futures & Options (F&O) traders
  • Intraday traders
  • Small business owners
  • Professionals

Considering the extended deadline, tax professionals may focus first on completing ITR-1 and ITR-2 filings during July.

6. Deadline Extended for Filing Appeals Before GSTAT

Taxpayers have also received relief regarding appeals before the GST Appellate Tribunal (GSTAT).

The deadline for filing appeals under Section 112 of the CGST Act has been extended to:

31 July 2026

The extension applies to eligible orders covered under the prescribed conditions, providing taxpayers with additional time to submit pending appeals before the Tribunal.

7. E-Way Bill Enhancements Postponed

GSTN had earlier announced two new features for the E-Way Bill system to improve reporting and compliance.

(a) E-Way Bill Closure Option

A new functionality will allow taxpayers to close an E-Way Bill after the transportation of goods is completed or if the movement does not take place.

(b) Mandatory “Ship To GSTIN”

For Bill-to Ship-to transactions, entering the GSTIN of the actual recipient (Ship To party) will become mandatory wherever applicable.

These enhancements have not yet been implemented. Their rollout has been postponed and is now expected to take effect from 1 August 2026. Until then, taxpayers need not be concerned if these options are unavailable on the E-Way Bill portal.

8. Updated TDS Return Forms Available on the Income Tax Portal

The Income Tax Department has enabled the revised quarterly TDS return forms for Tax Year 2026–27 on the e-filing portal.

Forms introduced under the updated Income-tax framework—including Forms 138, 140, 143, and 144, wherever applicable—are now available for filing.

As the new law has introduced revised section references and reporting codes, taxpayers and deductors should ensure that returns are prepared using the latest prescribed forms and utilities.

9. GST Quarterly Compliance Schedule Begins

With the April–June quarter now completed, several important GST return filings become due during July.

Key due dates include:

GSTR-3B

  • Monthly taxpayers – 20 July
  • QRMP taxpayers – 22 July or 24 July, depending on the State

GSTR-1

  • Monthly filers – 11 July
  • Quarterly filers – 13 July

Other GST returns due during the month include:

  • GSTR-5
  • GSTR-6
  • GSTR-7
  • GSTR-8

Taxpayers are also advised to reconcile purchase data through the Invoice Management System (IMS) Dashboard, which helps match invoices with GSTR-2B and improves the accuracy of GST reporting.

10. Aadhaar Email ID Update Now Free Through the Mobile App

UIDAI has introduced a welcome concession for Aadhaar users.

From 1 July 2026, updating an email ID through the Aadhaar Mobile App is free of cost.

Previously, a fee of ₹75 was charged for this service.

The waiver will remain available for six months. However, it applies only to updates made through the mobile application and not through the online portal.

11. PAN Application Procedure Revised

The process for applying for a Permanent Account Number (PAN) has also been updated under the revised Income-tax framework.

Applicants should keep the following changes in mind:

  • Aadhaar alone may not satisfy all identity or verification requirements.
  • Where proof of date of birth is required, documents such as a Matriculation Certificate or any other approved document may need to be submitted.
  • Applications should be filed using the revised PAN forms notified under the new Income-tax provisions.

Anyone planning to obtain a new PAN should carefully review the latest documentation requirements before submitting the application.

Quick Overview

Update Applicable Date
Passport application fees revised 1 July 2026
Quarter-1 TDS/TCS return due date 31 July 2026
New TDS/TCS forms and filing utilities Now Available
ITR-1 & ITR-2 filing due date 31 July 2026
ITR-3 & ITR-4 (Non-Audit) due date 31 August 2026
GSTAT appeal filing deadline 31 July 2026
New E-Way Bill features Expected from 1 August 2026
GST quarterly return filings July 2026
Aadhaar email update through App Free from 1 July 2026
Revised PAN application process Currently Effective

Conclusion

July 2026 is a crucial month for tax and regulatory compliance. A number of significant changes—including revised passport fees, updated TDS/TCS return procedures, Income Tax Return deadlines, GSTAT appeal relief, GST filing obligations, Aadhaar service updates, and changes to the PAN application process—have come into effect or are scheduled for implementation.

Whether you are an individual taxpayer, business owner, GST-registered entity, accountant, or tax professional, staying informed about these developments is essential. Timely compliance with the latest rules can help you avoid interest, penalties, and unnecessary notices while ensuring that you benefit from the relief measures and new facilities introduced from 1 July 2026.