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According to a report in The Times of India, e-commerce trade experienced nearly a 22% increase in the period from 22 September to October 2025. The Ministry of Finance attributes this surge to the implementation of the revamped GST 2.0 regime.
The simplified structure appears especially beneficial for small and midsized e-commerce sellers — but it also brings new compliance considerations as trade volume rises.
The Ministry of Finance has officially extended the GSTR-3B filing due date for the tax period of September 2025 to October 25, 2025. This extension applies to both monthly and quarterly taxpayers across India.
The move provides relief to businesses and professionals whose filing schedule coincides with the Diwali festival season. Normally, GSTR-3B is due by the 20th of the following month (or 22nd/24th for QRMP filers). The new extended deadline offers additional time for reconciliation and error-free filing.
The government has notified new income tax slabs under the revised new regime, effective from FY 2025–26 (AY 2026–27).
| Income Range (₹) | Tax Rate |
|---|---|
| Up to 4,00,000 | Nil |
| 4,00,001 – 8,00,000 | 5% |
| 8,00,001 – 12,00,000 | 10% |
| 12,00,001 – 16,00,000 | 15% |
| 16,00,001 – 20,00,000 | 20% |
| 20,00,001 – 24,00,000 | 25% |
| Above 24,00,000 | 30% |
✅ These revised slabs apply only under the new tax regime. The old regime (with exemptions/deductions) continues to be available as an option.
The National Payments Corporation of India (NPCI) has enabled real-time PAN–bank account linking through APIs integrated with the Income Tax Department.
✅ This move is expected to ensure faster validation of taxpayer details and enable quicker refund processing directly into verified bank accounts.
⚠️ Taxpayers are advised to verify that their PAN is correctly linked with their active bank account on the official Income Tax e-filing portal to avoid refund delays.
The Central Board of Direct Taxes (CBDT) has extended the due date for furnishing Income Tax Audit Reports under various sections for FY 2024–25 (AY 2025–26).
✅ The deadline has been extended from 30 September 2025 to 31 October 2025, providing additional time to taxpayers and professionals.
⚠️ Please note: This extension applies only to Tax Audit Reports. The due date for filing the Income Tax Return (ITR) where audit is applicable remains unchanged as of now.
The Income Tax Department has reported minor refund miscalculations in the latest return processing software. Taxpayers are advised to verify refund amounts carefully before accepting or raising any claims.
✅ EasyPeasyTax recommends cross-checking your refund status on the official Income Tax Portal and contacting your Chartered Accountant or tax advisor in case of discrepancies.
The Income Tax Department has released the Excel Utilities for ITR-6 (companies) and ITR-7 (trusts, charitable/religious institutions, political parties, universities, hospitals, etc.). Prepare returns offline, validate, and upload on the portal for AY 2025-26.
The Income Tax Department has released the ITR-5 Excel utility for Assessment Year 2025–26 on August 9–10, 2025.
This utility is designed for:
From 30th July 2025, Eligible taxpayers can now prepare, validate, and submit their ITR-3 entirely online—without having to rely solely on offline utilities.
In June 2025, UPI handled a staggering ₹24 lakh crore across 18.39 billion transactions, marking a ~32% jump year‑over‑year.
According to SBI, five states—Uttar Pradesh, Maharashtra, Gujarat, Tamil Nadu, and Karnataka—together account for nearly half of active GST taxpayers. UP leads with 13.2% of registrations, while the average collection continues to rise, reflecting growing formalisation.
GSTN has enhanced auto-population of B2B invoices in GSTR-2B from GSTR-1 uploads, improving reconciliation and reducing mismatch errors. Businesses are advised to file timely and accurate returns.
TDS returns for Q1 (April–June 2025) are due by 31st July 2025. Delayed filing attracts penalties. Ensure all PANs are validated and challans correctly linked.
Starting July 1, 2025, Aadhaar is mandatory to apply for a new PAN. Other documents will no longer be accepted.
The deadline for filing tax returns for FY 2024‑25 (Assessment Year 2025‑26) has been extended from July 31 to September 15, 2025, for non‑audit taxpayers.
The GST amnesty scheme has been extended until July 31, 2025, allowing businesses to file pending returns with reduced late fees.
CBIC issued a clarification on QR codes and dynamic invoices for B2B transactions exceeding ₹50,000.
Clarification issued on applicability of TDS under Section 194Q for digital transactions exceeding ₹50 lakh annually.
Late fees revised. NIL filers: ₹500, others: up to ₹5,000.
Latest utilities launched with schedule updates for capital gains, etc.