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efiletax

efiletax

@efiletax.bsky.social

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efileta𝕏 Your one-stop solution for GST, ITR, ROC & more. We simplify tax, legal & corporate compliance for businesses & individuals across India. 🤳9696160160

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efiletax @efiletax.bsky.social · 3d

Closed your bank account after filing ITR? Just update the new account on the e-filing portal to get your refund reissued instantly.

efiletax @efiletax.bsky.social · 3d

GST 2.0 and festive demand have shifted India’s auto market into top gear — record bookings, stronger consumption, and renewed momentum for manufacturing.

Infographic titled “GST Rate Cut and Festive Boom Accelerate India’s Auto Sales.” It presents a structured table with six sections — Title, Subtitle, Key Highlights, Economic/Policy Context, Impact & Insights, and Quote/Note.

efiletax @efiletax.bsky.social · 3d

Breaking: CBDT under fire for ignoring Gujarat HC's ITR extension order! Punjab HC calls it "contempt" today—notification promised by tomorrow? Taxpayers & CAs deserve better amid portal glitches. Time for reforms!
#CBDT #ITRExtension #TaxAudit

efiletax @efiletax.bsky.social · 9d

Record ₹5.4 lakh crore Diwali sales this year — GST reforms and digital payments made it possible. But bigger collections mean stricter scrutiny too. Here’s what every business owner should note before next season.

efiletax @efiletax.bsky.social · 9d

Gold fell 8% in two days — the biggest slide in a decade.
But while everyone watched the crash, few noticed the real risk: digital gold pricing gaps + unregulated trades.
For investors, dips are data — not drama.

efiletax @efiletax.bsky.social · 11d

🪔 Wishing you a bright and prosperous Deepavali!

May your life be filled with light, joy, and success.

Happy Deepavali from Team EFILETAX! ✨

#HappyDiwali #Deepavali2025

efiletax @efiletax.bsky.social · 12d

🚨 CBIC extends GSTR-3B due date!
👉 For September 2025 & Q2 (Jul–Sep 2025): new deadline = 25 Oct 2025.

Breaking: GSTR-3B deadline for Sept & Q2 FY 25-26 extended to 25 Oct 2025.
Relief for now, but businesses need predictability—not surprise extensions.

efiletax @efiletax.bsky.social · 13d

Not all hostels are tax-free!
Only residential dwellings qualify — hotel-style PGs attract 12–18% GST after July 2022.

efiletax @efiletax.bsky.social · 13d

The cess meant to end in 2022 still fuels State coffers — but drains dealer margins.
FADA’s Supreme Court plea could finally test if GST is truly “one nation, one tax.”

efiletax @efiletax.bsky.social · 13d

Why IT companies face GST pain even within their own group.
Cross-charge vs ISD, valuation rules — still a compliance maze in 2025.

efiletax @efiletax.bsky.social · 13d

GST rate cut isn’t just a policy tweak — it’s reshaping India’s auto supply chain.
Margins up, MSMEs reviving, orders surging — and that’s just month one.

efiletax @efiletax.bsky.social · 13d

Over ₹1.9 lakh crore of Indians’ hard-earned money lies unclaimed — from bank deposits to EPF.
Check UDGAM, UMANG & IEPF today.
Your forgotten investments might still be earning interest — just not for you.

Table showing ₹1.91 lakh crore unclaimed money in India (2025) with categories like bank deposits, EPF, mutual funds, and insurance, plus claim portals UDGAM, UMANG, IEPF.

efiletax @efiletax.bsky.social · 13d

Flipkart’s GST case shows one truth: even big brands can slip on tax tech.
The takeaway? Your contracts and RCM setup matter more than ever — especially if you use multiple vendors or delivery partners.

efiletax @efiletax.bsky.social · 14d

GST portal just made life simpler for credit note disputes.
Now you can keep CNs pending for a period, declare exact ITC reversal, and even add remarks — ending the “full reversal” confusion for good.

Business-friendly move that plugs years of reconciliation pain.

“Table explaining new IMS update on GST portal — pending option for credit notes and ITC reversal declaration introduced from October 2025 for Indian taxpayers.”

efiletax @efiletax.bsky.social · 14d

The paper industry’s GST story is one of chaos and cash flow pain. A uniform 12% rate and faster ITC refunds could turn compliance into competitiveness.

efiletax @efiletax.bsky.social · 14d

Zepto just raised $450M at a $7B valuation, led by CalPERS — marking one of India’s biggest pre-IPO rounds in 2025.
With $900M cash in hand and profitability within reach, Zepto’s next stop looks like Dalal Street.

efiletax @efiletax.bsky.social · 14d

MCA gives companies breathing space — annual return & financial statement filings for FY 24-25 extended till 31 Dec 2025, no extra fees.
LLPs & ADT-1 not covered; AGM timelines remain firm.

efiletax @efiletax.bsky.social · 14d

Four GST rulings you should bookmark —
Courts reaffirmed fair hearing, clarified due-date interpretation, and excluded secondment from GST scope.
Even clerical GSTR-1 mistakes can be corrected when no bad intent is found.

“Table summarizing 4 major GST case laws in 2025 under Sections 7, 15, 37, 62, and 73/74 of CGST Act, highlighting rulings on natural justice, ASMT-13 timing, secondment exemption, and GSTR-1 rectification.”

efiletax @efiletax.bsky.social · 14d

GSTR-3B due date for September 2025 pushed to 20 October.
No late fee till then, but interest kicks in after.
Plan your ITC reconciliation early — missing Sept invoices can’t be claimed later.

efiletax @efiletax.bsky.social · 15d

Four GST rulings you should bookmark —
Courts reaffirmed fair hearing, clarified due-date interpretation, and excluded secondment from GST scope.
Even clerical GSTR-1 mistakes can be corrected when no bad intent is found.

efiletax @efiletax.bsky.social · 15d

Registering an MSME is now 100% online — no documents, no middlemen.
Here’s a 10-step visual guide to get your Udyam Certificate in minutes.
Key tip: Keep your Aadhaar, PAN & GST linked before you start.

efiletax @efiletax.bsky.social · 15d

Plant-based milk is taxed like cola, not cow milk. The industry wants GST at 5%, calling it a healthy essential. The Council’s upcoming decision could shape India’s sustainable food taxation.

efiletax @efiletax.bsky.social · 15d

Bombay HC clarifies: GST filings are confidential commercial documents, not public data under RTI.
This protects business privacy but limits RTI reach on tax transparency.

efiletax @efiletax.bsky.social · 16d

Gold loan not for everyone anymore.
RBI now wants income proof, PAN traceability, and digital repayment for all pledges.
If you’re an NBFC or borrower, check compliance before disbursement — penalties kick in FY 2025-26.

efiletax @efiletax.bsky.social · 16d

Bombay HC just paused the 18% GST on hotel restaurants.
For now — diners pay 5%, but hotels must keep dual billing ready.
If you handle restaurant GST, this interim relief changes how you file Oct GSTR-3B.