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CA Puneet Jain @UCR8FJxjCPmcWgIy-Tcrmr-Q@youtube.com

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Welcoem to posts!!

in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c

CA Puneet Jain
Posted 17 hours ago

Attention : Important Advisory on IMS


Oct 8th, 2025



It has come to notice that some posts are circulating incorrect information regarding changes in GST return filing from October 1, 2025. We would like to clarify the following:



I. No Change in Auto-Population of ITC: Input Tax Credit (ITC) will continue to auto-populate from GSTR-2B to GSTR-3B without any manual intervention. The mechanism of auto-population remains unchanged due to the implementation of the Invoice Management System (IMS).



II. GSTR-2B Generation

GSTR-2B will continue to be generated automatically on the 14th of every month, without any manual intervention by taxpayers or based on the actions taken by the taxpayers.
Taxpayers can take actions in IMS even after generation of GSTR-2B till filing of GSTR-3B and can regenerate GSTR-2B accordingly, if required.


III. Credit Note Handling (Effective October 2025 period onward)

Recipient taxpayers will have the option to keep a Credit Note or related document pending for a specified period.
On acceptance of Credit Note or related document, the recipient will also have the flexibility to reduce ITC only to the extent of its availment by adjusting the reversal amount manually.

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CA Puneet Jain
Posted 1 day ago

Last date to File ITR A.Y 2025-26 F.Y 2024-25 Assesse liable for Audit u/s 44AB of Income Tax Act 1961

#itr #itrdatextension #audit #44ab #capuneetjain #poll

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CA Puneet Jain
Posted 1 day ago

Compliance Calander Oct 2025

07 Oct – TDS/TCS Payment for September 2025
10 Oct – GSTR-7 & GSTR-8 (TDS/TCS under GST for September 2025)
10 Oct - MEF last date for CAs
11 Oct – GSTR-1 (Monthly) for September 2025
13 Oct – GSTR-1 (for QRMP taxpayers)
15 Oct -- ESI /EPF Return
18 Oct - CMP-08 (Quarter 2) due date for GST Composition Dealers
20 Oct – GSTR-3B (Monthly) for September 2025
20 Oct – GSTR-5, 5A & 6 (for September 2025)
24 Oct - GSTR 3B for QRMP taxpayers
31 Oct – Tax Audit Report (extended due date)
31 Oct – ITR Filing (extended due date for audit cases)
31 Oct – TDS Return (Form 26Q/24Q) for Q2 FY 2025-26

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CA Puneet Jain
Posted 1 week ago

3 Major GST Changes wef 01-Oct-2025

1) No ITC auto-population: ITC won’t auto-flow to GSTR-2B; invoices must be accepted in IMS; only accepted invoices count.

2) Non-editable GST-3B liability: Auto-calculated liability in GSTR-3B cannot be edited; amendments go through GSTR-1/1A for the period.

3)Credit notes require ITC reversal: Supplier credit notes won’t reduce tax unless the buyer reverses the related ITC in their return.

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CA Puneet Jain
Posted 1 week ago

Gujarat HC directs #CBDT to extend ITR due date for audit cases till 30 Nov 2025, citing interlink of Sec. 139(1) & 44AB.

Hon. High Court also issues notice to CBDT on why #ITR due date wasn’t suo motu extended when #TaxAudit deadline was.

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CA Puneet Jain
Posted 1 week ago

Advisory: New Changes in Invoice Management System (IMS)


This is to bring to your notice that several new changes have been introduced in the Invoice Management System (IMS) to simplify the taxation system and reduce the compliance burden on the taxpayers. The following are the key updates

Pending action for specified records: Taxpayers can keep specified records pending for a limited time period. For monthly taxpayers, this period is one tax period (months), for quarterly taxpayers also it is one tax period (quarter) only. The specified records which can be kept pending in the system are mentioned below

a. Credit notes, or upward amendment of Credit note

b. Downward amendment of CN where original CN rejected

c. Downward amendment of Invoice / DN only where original Invoice already accepted and 3B has been filed

d. ECO-Document downward amendment only where original accepted, and 3B has been filed

Declaring ITC reduction amount:

It is clarified that, in cases where the recipient has not availed Input Tax Credit (ITC) in respect of the relevant invoice or document, no reversal of ITC shall be warranted. Further, in cases where ITC has been availed only partially, the obligation to reverse ITC shall be limited to the extent of such availment.

Therefore, In IMS a facility has been made available to taxpayers to declare the amount of ITC actually availed and, to the extent applicable, required to be reversed in respect of the selected record. The said facility permits reversal of ITC, either in full or in part, by entering the amount availed to be reversed. This facility may also be utilized in cases where the taxpayer has already effected such reversal, either wholly or partially, at an earlier point of time, or where the ITC pertaining to the relevant invoice or document was never availed. Such facility is provided for the afore-mentioned specified records.

Option to save remarks: Taxpayers can now save remarks while taking reject or pending action on records. This optional facility allows taxpayers to add remarks (will be rolled out shortly). Such remarks will be visible in GSTR-2B for future reference and to suppliers in the Outward Supplies view dashboard, to take corrective measures.

Important Dates:

The changes of keeping credit notes pending and declaring the ITC amount, as mentioned above shall be made effective on the portal from October tax period.

Due date for keeping records pending: The due date for keeping records pending is calculated based on the date/ tax period in which such documents has been communicated by the supplier.

Prospective Application:

The new changes will be available only for records filed by suppliers after the production rollout of these changes. Taxpayers are advised to carefully review these changes before taking action and filing their returns.

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CA Puneet Jain
Posted 1 week ago

Sep 25th, 2025


As per the Finance Act,2023 (8 of 2023), dt. 31-03-2023, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years from the due date of furnishing the said return under Section 37 ( Outward Supply), Section 39 (payment of liability), Section 44 ( Annual Return) and Section 52 (Tax Collected at Source). These Sections cover GSTR-1, GSR-1A, GSTR 3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR 7, GSTR 8 and GSTR 9 or 9C.

Hence, above mentioned returns will be barred for filing after expiry of three years. The said restriction will be implemented on the GST portal from October 2025 Tax period. Which means any return for which due date was three years back or more and hasn’t been filed till October Tax period will be barred from Filling. In this regard an advisory was already issued by GSTN on 29th October, 2024

Illustration : For ease of reference and better clarity, the latest GST returns that will be barred from filing w.e.f 1st November 2025 are detailed in the table below:

GST Forms
Barred Period (w.e.f. 1st November,2025)
GSTR-1/IFF September-2022
GSTR-1Q July-Sep 2022
GSTR-3B/M September-2022
GSTR-3BQ July-Sep 2022
GSTR-4 FY 2021-22
GSTR-5 September-2022
GSTR-6 September-2022
GSTR-7 September-2022
GSTR-8 September-2022
GSTR-9/9C FY 2020-21

Hence, the taxpayers are once again advised to reconcile their records and file their GST Returns as soon as possible if not filed till now.

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CA Puneet Jain
Posted 1 week ago

Invoice-wise Reporting Functionality in Form GSTR-7 on portal-reg
Sep 26th, 2025

Vide Notification No. 09/2025 – Central Tax dated 11.02.2025, Form GSTR-7 was amended to enable capture of invoice-wise reporting of tax deducted at source (TDS).

In this regard, it is informed that the functionality for invoice-wise reporting in GSTR-7 has now been made operational on the GSTN portal. Hence from September 2025 tax period in Form GSTR-7 invoice level reporting is required.

Accordingly, all TDS Deductors are requested to prepare the data accordingly so that they could furnish invoice-level details on which TDS has been deducted while filing FORM GSTR-7 for the September return period onwards. Due date for September tax period return filing is 10th October 2025.

For any difficulty or concerns, it is advised to raise a grievance through the Self-Service Portal available on the GST Portal, along with all relevant details, to facilitate prompt and effective resolution.

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CA Puneet Jain
Posted 1 week ago

Big Tax Breaking:

* Today Hon Gujarat High Court directed CBDT to also extend due date of Filing Income tax returns of taxpayers whose accounts are required to be audited to 30th November 2025 pointing out interlinking of section 139 (1) and 44AB.*

The Hon High court also issued notice to CBDT asking why due date of Income tax return was not extended suo motto as per act when it extended the same for #Taxaudits sighting both the above sections.

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