GST went from four slabs to two (5% and 18%) in September 2025, and a new Income-tax Act replaced the 1961 law in April 2026. Companies like CESCO, SK Broadband and Serveone leave their monthly filings to Adullam and focus on their business.
CESCO, SK Broadband, Serveone, Samsung KR Machinery, Hyundai Advanced Materials, MCNEX and others rely on Adullam for GST, TDS and corporate tax filings, bookkeeping and transfer pricing. Including clients who asked not to be named, there are more.
Korean companies first, then Indian entities, each A to Z.Korean companyIndian entity
Companies Act · Indian accounting standards · Income-tax Act
Open →GST Council · CBIC · GSTN portal
Open →Income Tax Dept · TRACES · ss.392–394 of the 2025 Act
Open →Income Tax Dept (CBDT) · Income-tax Act, 2025
Open →Income Tax TP officers · CA report
Open →MCA · Registrar of Companies · Companies Act
Open →EPFO · ESIC · state governments · labour codes
Open →RBI · authorised dealer bank · Income Tax Dept
Open →CBIC notified the first set of 57th GST Council changes on 26 October. From 1 November 2026, post-sale discount and credit-note rules are simplified, inverted-duty refunds can be paid 90% provisionally after risk checks, and the place of supply for intermediary services moves to the recipient's location.
Read source →Circulars issued on 26 October (including Circular 258) require multi-year GST notices to show the demand year by year, with facts, evidence, legal provisions and the exact tax. Unpaid tax or a mismatch alone no longer justifies invoking fraud or suppression provisions without specific evidence of intent.
Read source →Advisory 678 adds RCMDOM and RCMIMP supply types; currently in IRP sandboxes only.
Read source →For each service: what to do, deadlines, penalties, documents, fees and recent cases.
Companies Act · Indian accounting standards · Income-tax Act
Open →GST Council · CBIC · GSTN portal
Open →Income Tax Dept · TRACES · ss.392–394 of the 2025 Act
Open →Income Tax Dept (CBDT) · Income-tax Act, 2025
Open →Income Tax TP officers · CA report
Open →MCA · Registrar of Companies · Companies Act
Open →EPFO · ESIC · state governments · labour codes
Open →RBI · authorised dealer bank · Income Tax Dept
Open →CBIC notified the first set of 57th GST Council changes on 26 October. From 1 November 2026, post-sale discount and credit-note rules are simplified, inverted-duty refunds can be paid 90% provisionally after risk checks, and the place of supply for intermediary services moves to the recipient's location.
Read source →Circulars issued on 26 October (including Circular 258) require multi-year GST notices to show the demand year by year, with facts, evidence, legal provisions and the exact tax. Unpaid tax or a mismatch alone no longer justifies invoking fraud or suppression provisions without specific evidence of intent.
Read source →Advisory 678 adds RCMDOM and RCMIMP supply types; currently in IRP sandboxes only.
Read source →Annual returns for 2025-26 opened on 8 October; all GSTR-1 and 3B must be filed first.
Read source →Doing nothing in IMS auto-accepts invoices, but that isn't proof the credit is eligible; disallowed credit later carries interest. September GSTR-3B was due 20 October (22/24 October for quarterly filers by state).
Read source →Process reforms: no arrests, prosecution threshold ₹5 crore, general penalty ₹10,000, refunds acknowledged in 10 days and 90% paid in 3 working days.
Read source →From Q2 of 2026-27, Forms 138 and 140 can be prepared, validated and filed inside the TRACES login without a separate utility file. The July–September return is due 31 October.
Read source →Under new RBI rules, from 1 October 2026 service exporters as well as goods exporters must file an Export Declaration Form with their bank — including Indian units billing their Korean parent for services.
Read source →Indian penalties accrue daily from the day after the deadline; some, like AOC-4 and MGT-7, have no cap.
Read source →Taxes collected for the state, like TDS and GST, can expose officers personally.
Read source →September 2026 GST collections rose 14.7% to over ₹2 lakh crore.
Read source →Tax audit report 30 Sept → 21 Oct; audit-case returns 31 Oct → 21 Nov.
Read source →From 17 September 2026 the mandatory PF wage ceiling rose from ₹15,000 to ₹25,000 a month, the first change since 2014. Staff earning ₹15,000–25,000 may now be covered.
Read source →Same GST rate nationwide, but location still changes the real cost.
Read source →Central rules for the four labour codes (in force since 21 Nov 2025) were notified on 8 May 2026.
Read source →The 1961 Act is repealed; 'tax year' replaces previous/assessment year and 194-series TDS moves to s.393.
Read source →Rates unchanged; manpower supply under contractor TDS; TCS on tours and education remittances at 2%; MAT final from April 2026.
Read source →29 laws merged into four codes; allowances above 50% of pay are added back to wages.
Read source →Four slabs became two (5%, 18%); ACs, TVs, small cars, cement 28%→18%; aerated drinks and luxury cars 40%.
Read source →Authorities demanded unpaid duty plus a 100% penalty from Samsung India and fined seven executives, including the CFO, $81m. The dispute is over how 2018–21 telecom imports were classified; Samsung is contesting.
Read source →November stacks the extended tax returns and the 2025-26 GST clean-up deadline on top of monthly filings: TDS on the 7th, GSTR-1 on the 11th, PF/ESIC and Form 131 certificates on the 15th, GSTR-3B on the 20th, audit-case returns on the 21st, MGT-7 on the 29th and transfer-pricing returns on the 30th.
Read source →Section 393 structure and transition rule.
Read source →Late fee per day with turnover caps; 18% interest, 24% on excess credit.
Read source →Thresholds and late fees for annual returns.
Read source →Once over ₹5 crore, always covered; 30-day reporting at ₹10 crore+.
Read source →Staggered due dates and revised-return window.
Read source →Interest, royalty and technical fees 10%; dividends up to 15%.
Read source →Wage definition and PF at 12% each.
Read source →Our full service list.
Read source →Advance tax is paid in four cumulative instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March, if the liability after TDS exceeds ₹10,000.
Read source →Credit needs a valid invoice, actual receipt, supplier filing and payment, not a blocked item under s.17(5), and payment to the supplier within 180 days.
Read source →Moving goods worth over ₹50,000 between states needs an e-way bill. Validity is one day for the first 200 km and one more day for each further 200 km.
Read source →Key renumbering under the Income-tax Rules, 2026: tax audit Form 26; 15CA/15CB → 145/146; 24Q/26Q/27Q → 138/140/144; Form 16 → 130; 16A → 131; 26AS → 168.
Read source →Main TDS rates and quarterly dates for Tax Year 2026-27.
Read source →Seller TCS on goods ended on 1 April 2025.
Read source →Under section 172 of the Income-tax Act, 2025 and Rule 85 of the 2026 Rules, the accountant's transfer-pricing report becomes Form 48. Form 3CEB still applies up to 2025-26 (AY 2026-27); Form 48 applies from Tax Year 2026-27.
Read source →22%, 25%/30% and 35% with surcharge and cess.
Read source →1%/2%, 20% without PAN; either threshold triggers TDS.
Read source →5%, 18% and 40% slabs with examples.
Read source →Results update as you type. Indicative only; actual filings depend on contracts, payee status and current notifications.
Source: studycafe.in ·
Deposit by the 7th of next month; quarterly return after the quarter.
In financial-year order (April–March). Usual deadlines, with 2026 extensions applied; state PT and quarterly GST dates are set in consultation.
Source: adullamcorp.com · checked
Source: taxguru.in ·
Source: taxguru.in · checked
Source: taxaj.com ·
Source: studycafe.in · checked
Source: treelife.in ·
Answer five questions to see your filings and how often. Indicative only; we confirm in consultation.
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GST registered?
Annual turnover?
Local staff?
Transactions with the Korean parent?
Answer the questions on the left.
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AI answers are based on information researched by Adullam. For important legal, tax, HR and other decisions, please always confirm with a specialist.
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Since 22 Sept 2025: 5% and 18%, plus 40% for sin and luxury items; exempt and nil remain.
Source: tallysolutions.com ·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 · checked₹50 a day (₹20 nil), capped at ₹2,000/₹5,000/₹10,000 by turnover, plus 18% a year interest, uncapped.
Source: calcguru.in · checkedExempt up to ₹2 crore; GSTR-9 above; GSTR-9C too above ₹5 crore. Due 31 Dec for 2025-26.
Source: studycafe.in · checkedOnce 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 · checkedImported services are taxed under reverse charge by the Indian recipient, usually claimable as credit.
Source: taxgst.in ·For 2025-26, by 30 Nov 2026 or the annual return if earlier, and only if it appears in GSTR-2B.
Source: studycafe.in · checkedNo. It kept rates and recommended process reforms, effective once notified.
Source: canearby.com ·By the 7th of the next month; March by 30 April.
Source: setindiabiz.com · checkedYes — from ₹2.4 lakh a year to ₹50,000 a month since April 2025; 10% building, 2% machinery.
Source: studycafe.in ·10% professional, 2% technical, above ₹50,000 a year each; director fees with no threshold.
Source: taxbuddy.com · checked10% under the treaty with a TRC and Form 10F; otherwise domestic rates plus surcharge and cess.
Source: incometaxindia.gov.in · checked₹200 a day up to the TDS amount; late deposit adds 1.5% a month.
Source: adullamcorp.com · checkedSections merged into s.393; rates and thresholds largely the same; quote the table entry.
Source: taxguru.in · checkedYes, as contractor TDS from April 2026: 1% individuals, 2% others.
Source: taxguru.in ·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 ·22% opt-in (~25.17% effective), otherwise 25% or 30%; foreign companies 35%.
Source: taxaj.com ·AY 2026-27 audit cases: extended to 21 Nov 2026; TP cases 30 Nov.
Source: taxguru.in ·15% by 15 June, 45% by 15 Sept, 75% by 15 Dec, 100% by 15 March; 1% a month on shortfalls.
Source: adullamcorp.com · checkedThe new Act's single year concept; Tax Year 2026-27 is 1 April 2026 – 31 March 2027.
Source: taxonation.com · checkedMAT is final from April 2026 with no new credit; 22% companies are outside MAT.
Source: vajiramandravi.com ·No company-level tax; withhold up to 15% under the treaty.
Source: incometaxindia.gov.in · checkedRevised returns until 31 March; updated returns later with extra tax.
Source: taxguru.in · checkedMost Indian entities trading or paying royalties, fees or interest to group companies.
Source: adullamcorp.com · checked31 October; the 2026 audit extension doesn't apply. Return by 30 November.
Source: vidur.in ·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 ·Yes, with evidence of services, cost basis and contracts; handle withholding and RCM too.
Source: adullamcorp.com · checkedYes — every company is audited, and subsidiaries can't use small-company relief.
Source: beaconfiling.com ·₹100 a day each, no cap — ₹73,000 for both after a year.
Source: adullamcorp.com ·Usually by 30 Sept; AOC-4 within 30 days and MGT-7 within 60.
Source: beaconfiling.com ·Every three years by 30 June from 31 March 2026; update changes within 30 days.
Source: patronaccounting.com ·PF from 20 staff, ESIC from 10; ESIC 0.75% employee, 3.25% employer.
Source: adullamcorp.com · checked12% each; employer's share splits 8.33% pension and 3.67% fund.
Source: labourlawreporter.com · checkedKeep basic + DA at 50%+ of pay; shortfalls are added back for PF, ESIC and gratuity.
Source: myndsolution.com · checkedNo, it varies by state; some start at ₹25,000 a month.
Source: adullamcorp.com · checkedForm 130 replaces Form 16 under the new rules.
Source: cleartax.in · checkedAllot within 60 days and file within 30 days of allotment; ₹7,500 plus a proportional fee if late.
Source: treelife.in ·Annual foreign liabilities and assets return to RBI by 15 July.
Source: treelife.in ·Form 145 (old 15CA), a CA certificate Form 146 (old 15CB) above limits, and TRC/Form 10F for treaty rates.
Source: eximpe.com ·Stop the daily-accruing items first — uncapped forms and interest-bearing taxes.
Source: adullamcorp.com ·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