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.
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 →Our local accounting team and partner chartered accountant will look with you. The first consultation is free.
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