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TAX PRO MART we are sharing the knowledge about Taxation, accounting, and Finance. we are also Consulting in Taxation and accounting.

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17/03/2026

🚨 FSSAI limits updated!
Small food businesses ke liye big relief 🙌

Check your category & stay compliant ✔️
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16/03/2026

Most people working with GST still confuse Credit Note and Debit Note.
Yet this concept comes directly from Section 34 of the CGST Act and affects real tax liability, GST returns, and compliance.

Credit Note
Issued when the invoice value or tax charged is higher than the actual taxable value.
Typical cases include goods returned, excess tax charged, or deficiency in goods or services.

Debit Note
Issued when the invoice value or tax charged is lower than the actual taxable value or tax payable.

Simple way to remember:
Credit Note → Reduces tax liability
Debit Note → Increases tax liability

This concept is relevant not only for CA students and commerce learners, but also for business owners, accountants, and GST practitioners who deal with GST returns and compliance.

Sometimes the best way to understand law is not through long paragraphs, but through clear and simple revision notes.

If you work in taxation, accounting, or finance, this is a concept worth revisiting.

Follow for more simplified explanations on GST, Income Tax, accounting, and practical taxation concepts.

14/03/2026

Section 44AD is useful for small businesses.
But many people misunderstand it.
Declaring only 8% profit when actual income is much higher can create tax risks later.

Understand the rule before filing ITR.

🚨 Many taxpayers think Section 44AD means showing exactly 8% profit.
That’s not always correct.
If your actual profit is much higher, reporting very low profit can create problems like:
• Income Tax Notice
• Scrutiny
• Difficulty explaining bank deposits

Follow Tax Pro Mart for practical tax updates.


Tax Pro Mart – Your Trusted Tax & GST Partner.✔ Income Tax✔ GST Compliance✔ TDS & TCS Filing✔ Accounting & Advisory📞 08...
13/03/2026

Tax Pro Mart – Your Trusted Tax & GST Partner.
✔ Income Tax
✔ GST Compliance
✔ TDS & TCS Filing
✔ Accounting & Advisory
📞 08069640442
📧 [email protected]

13/03/2026

📊 TDS Compliance Calendar – FY 2026–27

Are you ready for the TDS compliance changes from April 2026?

The TDS return forms will be renumbered, but the due dates remain unchanged. For accountants and businesses, tracking these deadlines is essential to avoid interest, penalties, and compliance issues.

Here is a quick overview:

📅 Monthly TDS Payment Due Dates

• April 2026 → 7 May 2026
• May 2026 → 7 June 2026
• June 2026 → 7 July 2026
• July 2026 → 7 August 2026
• August 2026 → 7 September 2026
• September 2026 → 7 October 2026
• October 2026 → 7 November 2026
• November 2026 → 7 December 2026
• December 2026 → 7 January 2027
• January 2027 → 7 February 2027
• February 2027 → 7 March 2027
• March 2027 → 30 April 2027

📑 Quarterly TDS Return Filing Due Dates

• Q1 (Apr – Jun 2026) → 31 July 2026
• Q2 (Jul – Sep 2026) → 31 October 2026
• Q3 (Oct – Dec 2026) → 31 January 2027
• Q4 (Jan – Mar 2027) → 31 May 2027

📄 New TDS Forms Applicable from April 2026

• Salary TDS Return → Form 138 (Earlier 24Q)
• Non-Salary TDS Return → Form 140 (Earlier 26Q)
• Non-Resident TDS Return → Form 144 (Earlier 27Q)
• TCS Return → Form 143 (Earlier 27EQ)
• Salary Certificate → Form 130 (Earlier Form 16)
• Non-Salary Certificate → Form 131 (Earlier Form 16A)

Keeping track of these dates helps maintain smooth compliance and avoids unnecessary notices.

If you work in accounts, taxation, or finance, saving this calendar can help you stay organized throughout the year.

10/03/2026

Planning to apply for GST Registration in India? 🇮🇳
Make sure you keep these important documents ready before applying. Proper documentation helps in faster GST approval and avoids unnecessary delays.
📌 Save this checklist for future reference.
Need help with GST Registration, Return Filing or Compliance?
📞 Call / WhatsApp: 7258898857
📧 Email: [email protected]
👉 Follow for practical GST & tax updates.



09/03/2026

Many businesses think GST liability can be paid 100% using ITC.
But Rule 86B may restrict it.
However, this rule does NOT apply if:
✔ Income tax paid > ₹1 lakh
✔ GST refund received > ₹1 lakh
✔ Govt entity
Always check the exceptions before calculating GST payment.

During departmental scrutiny, authorities identified non-compliance with Rule 86B and issued a notice.

The taxpayer was required to:

✔ Pay the required portion in cash
✔ Pay applicable interest
✔ Strengthen internal GST compliance controls
This situation is common among growing businesses and traders unaware of Rule 86B applicability.


✅ Exceptions – When Rule 86B Does NOT Apply
The restriction is not applicable if:
👉 The taxpayer or proprietor has paid Income Tax exceeding ₹1 lakh in last two financial years
👉 The taxpayer received GST refund exceeding ₹1 lakh in previous year (exporters, inverted duty structure, etc.)
👉 The taxpayer has already paid more than 1% GST in cash cumulatively during the financial year
👉 Government departments, PSUs, local authorities, and statutory bodies


⚠️ Why This Rule Matters
Ignoring Rule 86B may lead to:
• GST notices and scrutiny
• Interest and penalties
• Blocking of GST compliance rating
• Increased departmental monitoring
Proper planning ensures smooth compliance and avoids unnecessary litigation.

📞 Contact: 7258898857
📧 Email: [email protected]

for professional GST compliance support.

Connect to stay updated on practical GST insights for businesses and professionals.




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