New Circular: Post-Sales Discount Simplification, TDS & Appeal Rules
- A circular dated 1 October 2025 allows suppliers to pass post-sales discounts simply via a GST Credit Note, without needing pre-signed agreements or linking each invoice.
- From September 2025, GSTR-7 (TDS return) needs reporting on invoice-wise basis instead of consolidated.
- A 3-year limitation period is now in force for filing GST returns (GSTR-1, 3B, 9/9C etc) from their original due date, effective from October 2025 tax period.
- Appeals under Sections 107 & 108 of CGST Act must be filed electronically on GSTAT portal, in phased manner, with a final cut-off by June 30, 2026.
Government plans “GST 3.0” with automated refunds :
- The government is looking at automating goods and services tax (GST) refunds, on the lines of the income tax system, as part of the next stage of reforms being conceptualised under GST 3.0, a senior tax official said. “We are hoping that maybe like income tax, we will also make refunds automated
EPFO Alert – Display of Form 5A Extract
As per EPFO Circular dated 06.10.2025, all covered establishments must display Form 5A extract either:
✅ At the entrance of the establishment, or
✅ On the official website/mobile app (if available).
Details to display:
- EPF Code
- Registered Name
- Date of Coverage
- Branches & Primary Branch Address
- Regional Office
📅 Deadline: 21.10.2025
⚠ Non-compliance: Legal action under EPF & MP Act, 1952
👉 Employers must prepare a display board and upload details online for compliance and transparency.
📢 IMS Update – Effective Oct 2025
As per changes dated 23 Sept 2025, key updates in the Invoice Management System (IMS):
✅ Pending Records:
Credit notes/invoices can be kept pending for one tax period only.
✅ ITC Declaration:
No reversal if ITC not availed; partial reversal only to the extent availed. New option added to declare ITC availed/reversed in IMS.
✅ Remarks Option:
Taxpayers can add remarks when rejecting/keeping records pending (visible in GSTR-2B & supplier dashboard).
📅 Effective from: October 2025
⚙️ Applies prospectively to records filed after rollout.
CBIC introduces system-based auto-approval for IFSC code registration
- The Central Board of Indirect Taxes and Customs (CBIC) has announced the introduction of a system-based auto-approval mechanism for IFSC code registration, marking a major step toward enhancing the Ease of Doing Business and improving trade facilitation. This automation initiative aims to streamline Customs procedures, minimize manual intervention, and ensure faster, more transparent processing for exporters across Indi