CAS

🚨 GST Compliance Deadlines Before 31 March 2026 – Important Alert for Businesses

If you are a business owner, exporter, transporter, or GST taxpayer, check these important GST deadlines to avoid penalties.

✅ Composition Scheme (CMP-02) – Last date: 31 Mar 2026
✅ GTA Declaration (Annexure V) – Last date: 15 Mar 2026
✅ LUT Filing for Exporters – Last date: 31 Mar 2026
✅ QRMP Scheme Option – Last date: 30 Apr 2026
✅ E-Invoice Mandatory – From 1 Apr 2026 (Turnover above ₹5 Cr)
✅ New Invoice Series – Start from 1 Apr 2026

⚠️ Missing these deadlines may lead to penalties, compliance issues, or blocked GST filings.

📞 Need GST compliance support?
Complete Accounting Solution – CAS
Kochi | Palakkad

Call / WhatsApp: 9809604122
🌐 www.casind.in

Complete Accounting Solution::Home Complete Accounting Solution (CAS) stands as a leading Tax and Management Consultancy Firm based in Ernakulam, Kerala, India. Established in 2017, our firm has rapidly gained recognition for delivering high-quality financial services to Individuals, Small Businesses, and Organizations.Our Aim is to....

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What is SEC 44AD? Who can apply?
• Relieve small taxpayers from bookkeeping and audit requirements.

• Applicable to all manufacturers and traders doing business in India.

• Sections 44AD, outline presumptive taxation provisions. File ITR Form 4.

• Calculation is solely based on business turnover (sales). No Business deductions are permissible. A flat 8% turnover is disclosed as profit and subjected to taxation.

Eligibility for Section 44AD

• Designed for small taxpayers in any business (excluding goods carriages, agency business, commission/brokerage income & those covered in SEC 44ADA & 44AE).

• Applicable to Resident Individuals, Hindu Undivided Families, and non-LLP Partnership Firms.

• Inapplicable to non-residents and those claiming deductions under specific sections.

Businesses Not Covered

• Excludes businesses involving goods carriages, agency activities, and commission/brokerage income.

• Individuals in professions listed in section 44AA (1) are ineligible.

• Insurance agents earning commission cannot opt for this scheme.

Turnover Limit

• Individuals/Firms with total turnover or gross receipts exceeding Rs. 3, 00, 00,000 are ineligible for Section 44AD in FY 2023-24.

Benefit:

• Simplified Taxation: Provides a simplified tax calculation method for small taxpayers. A flat tax on Sales.

• No Bookkeeping Requirement: Taxpayers under this section are relieved from the obligation of maintaining detailed books of accounts.

• Time and Cost Savings: Saves time and costs associated with CA's extensive accounting and audit procedures.

Assistance with Section 44AD and IT Returns

For support and filing Income Tax Returns under Section 44AD, reach out to Complete Accounting Solution (CAS) at 9809604122 or visit www.casind.in. We offer assistance in filing your Income Tax Return with SEC 44AD ITR- 4. Our digital processes ensure a quick turnaround, completing the filing within 24 hours.

Complete Accounting Solution (CAS) Business Management Consultants in Kochi Ernakulam on Google What is SEC 44AD? Who can apply? Relieve small taxpayers from bookkeeping and audit requirements. Applicable for all Manufactures and traders doing business in India. Sections 44AD, outline presumptive taxation provisions. File ITR Form 4. Calculation is solely based on business turnover (sales). No...

Big salary, no tax! Strategic planning in the old tax regime makes 10 LPA tax-free for 2023-2024.

Meet Mr. Balagopal:
Meet Mr. Balagopal, a Manager at CAS. Monthly: 85,000, annually: 10.2 lakhs.

After a Standard Deduction of 50,000 and an employment tax of 2500, his taxable income starts at 9, 67,500.

Leveraging Deductions:
Balagopal's housing loan interest of 2.5 lakhs and principal repayment of 1.5 lakhs, with deductions under Section 24(b) (2,00,000) and Section 80C (1,50,000), lowers taxable income to Rs 6,17,500.
NPS contribution (50,000) and health insurance premiums (25,000 self & 50,000 for senior citizens) further reduce it to Rs 4, 92,500.

The Rebate Advantage:
With a rebate under Section 87A on income up to 5 lakhs, Mr. Balagopal's final taxable income falls below the threshold, making him eligible for tax exemption on the first 2.5 lakhs. In the old scheme, this implies that he pays zero tax.

A Tale of Two Schemes:
Contrastingly, if Mr. Balagopal were to follow the new tax scheme, his liability would amount to Rs 82,160. The stark difference between the old and new schemes highlights the importance of strategic tax planning.

Act Wisely, Save Timely:
The lesson is clear: plan wisely, save timely. By utilizing deductions in the old income tax regime, individuals can secure a tax-free status, even with a salary of 10 LPA. It's about understanding nuances and making informed choices.

Complete Accounting Solution (CAS) Business Management Consultants in Kochi Ernakulam on Google Big salary, no tax! Strategic planning in the old tax regime makes 10 LPA tax-free for 2023-2024. Meet Mr. Balagopal: Meet Mr. Balagopal, a Manager at CAS. Monthly: 85,000, annually: 10.2 lakhs. After a Standard Deduction of 50,000 and an employment tax of 2500, his taxable income starts at 9, 67,50...