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GSTHow many GST rates are there now?
Since 22 Sept 2025: 5% and 18%, plus 40% for sin and luxury items; exempt and nil remain.
Source: tallysolutions.com ·GSTGSTR-1 vs GSTR-3B?
GSTR-1 lists sales by the 11th; GSTR-3B is the summary with payment by the 20th. Missing 3B blocks the next GSTR-1.
Source: adullamcorp.com · checkedGSTWhat if GST is filed late?
₹50 a day (₹20 nil), capped at ₹2,000/₹5,000/₹10,000 by turnover, plus 18% a year interest, uncapped.
Source: calcguru.in · checkedGSTWho files GSTR-9?
Exempt up to ₹2 crore; GSTR-9 above; GSTR-9C too above ₹5 crore. Due 31 Dec for 2025-26.
Source: studycafe.in · checkedGSTWhen is e-invoicing mandatory?
Once turnover has exceeded ₹5 crore in any year since 2017-18 (from the next 1 April). At ₹10 crore+, report within 30 days.
Source: taxguru.in · checkedGSTGST on services from the parent?
Imported services are taxed under reverse charge by the Indian recipient, usually claimable as credit.
Source: taxgst.in ·GSTDeadline for input credit?
For 2025-26, by 30 Nov 2026 or the annual return if earlier, and only if it appears in GSTR-2B.
Source: studycafe.in · checkedGSTDid the 57th Council change rates?
No. It kept rates and recommended process reforms, effective once notified.
Source: canearby.com ·TDSWhen is TDS deposited?
By the 7th of the next month; March by 30 April.
Source: setindiabiz.com · checkedTDSHas the rent threshold changed?
Yes — from ₹2.4 lakh a year to ₹50,000 a month since April 2025; 10% building, 2% machinery.
Source: studycafe.in ·TDSTDS on consulting fees?
10% professional, 2% technical, above ₹50,000 a year each; director fees with no threshold.
Source: taxbuddy.com · checkedTDSRoyalty to the Korean parent?
10% under the treaty with a TRC and Form 10F; otherwise domestic rates plus surcharge and cess.
Source: incometaxindia.gov.in · checkedTDSLate TDS return?
₹200 a day up to the TDS amount; late deposit adds 1.5% a month.
Source: adullamcorp.com · checkedTDSDid TDS rates change under the new Act?
Sections merged into s.393; rates and thresholds largely the same; quote the table entry.
Source: taxguru.in · checkedTDSTDS on manpower supply?
Yes, as contractor TDS from April 2026: 1% individuals, 2% others.
Source: taxguru.in ·TDSIs TCS on goods still there?
Seller TCS ended on 1 April 2025. Buyers with turnover above ₹10 crore still deduct 0.1% TDS on purchases above ₹50 lakh from one supplier.
Source: indiafilings.com ·Corporate taxWhat is the corporate tax rate?
22% opt-in (~25.17% effective), otherwise 25% or 30%; foreign companies 35%.
Source: taxaj.com ·Corporate taxWhen is the tax return due?
AY 2026-27 audit cases: extended to 21 Nov 2026; TP cases 30 Nov.
Source: taxguru.in ·Corporate taxHow does advance tax work?
15% by 15 June, 45% by 15 Sept, 75% by 15 Dec, 100% by 15 March; 1% a month on shortfalls.
Source: adullamcorp.com · checkedCorporate taxWhat is a 'tax year'?
The new Act's single year concept; Tax Year 2026-27 is 1 April 2026 – 31 March 2027.
Source: taxonation.com · checkedCorporate taxWhat changed for MAT?
MAT is final from April 2026 with no new credit; 22% companies are outside MAT.
Source: vajiramandravi.com ·Corporate taxTax on dividends to HQ?
No company-level tax; withhold up to 15% under the treaty.
Source: incometaxindia.gov.in · checkedCorporate taxCan I revise a return?
Revised returns until 31 March; updated returns later with extra tax.
Source: taxguru.in · checkedTransfer pricingWho needs transfer pricing?
Most Indian entities trading or paying royalties, fees or interest to group companies.
Source: adullamcorp.com · checkedTransfer pricingForm 3CEB deadline?
31 October; the 2026 audit extension doesn't apply. Return by 30 November.
Source: vidur.in ·Transfer pricingIs TP documentation annual?
Yes, updated every year. Detailed documentation is required above ₹1 crore of international transactions, and failing to produce it can cost 2% of the transaction value.
Source: calcguru.in ·Transfer pricingCan HQ charge management fees?
Yes, with evidence of services, cost basis and contracts; handle withholding and RCM too.
Source: adullamcorp.com · checkedAudit & ROCAudit without revenue?
Yes — every company is audited, and subsidiaries can't use small-company relief.
Source: beaconfiling.com ·Audit & ROCLate AOC-4 / MGT-7?
₹100 a day each, no cap — ₹73,000 for both after a year.
Source: adullamcorp.com ·Audit & ROCWhen is the AGM due?
Usually by 30 Sept; AOC-4 within 30 days and MGT-7 within 60.
Source: beaconfiling.com ·Audit & ROCIs director KYC annual?
Every three years by 30 June from 31 March 2026; update changes within 30 days.
Source: patronaccounting.com ·PayrollWhen do PF and ESIC apply?
PF from 20 staff, ESIC from 10; ESIC 0.75% employee, 3.25% employer.
Source: adullamcorp.com · checkedPayrollPF rate?
12% each; employer's share splits 8.33% pension and 3.67% fund.
Source: labourlawreporter.com · checkedPayrollPay structure under the labour codes?
Keep basic + DA at 50%+ of pay; shortfalls are added back for PF, ESIC and gratuity.
Source: myndsolution.com · checkedPayrollIs professional tax uniform?
No, it varies by state; some start at ₹25,000 a month.
Source: adullamcorp.com · checkedPayrollAnnual salary certificate?
Form 130 replaces Form 16 under the new rules.
Source: cleartax.in · checkedFEMA & otherWhen is FC-GPR due?
Allot within 60 days and file within 30 days of allotment; ₹7,500 plus a proportional fee if late.
Source: treelife.in ·FEMA & otherWhat is the FLA return?
Annual foreign liabilities and assets return to RBI by 15 July.
Source: treelife.in ·FEMA & otherPapers to remit to HQ?
Form 145 (old 15CA), a CA certificate Form 146 (old 15CB) above limits, and TRC/Form 10F for treaty rates.
Source: eximpe.com ·FEMA & otherMany overdue filings — where to start?
Stop the daily-accruing items first — uncapped forms and interest-bearing taxes.
Source: adullamcorp.com ·FEMA & otherWe already have a local CA — what do you add?
We catch gaps across company law, FEMA and tax on one calendar and report to HQ, or take over fully.
Source: adullamcorp.com ·AI answers are based on information researched by Adullam. For important legal, tax, HR and other decisions, please always confirm with a specialist.
Questions and answers are kept for 90 days and are sent to an AI provider outside Korea (Anthropic, USA) to generate answers. Please do not enter personal details such as names or phone numbers. Privacy Policy