The Central Board of Direct Taxes (CBDT) has announced an extension of the due date for furnishing the Return of Income under the Income-tax Act, 1961, for the Assessment Year 2025–26.
This extension aims to provide relief to taxpayers and professionals facing challenges in completing their filing obligations on time.
Section 9 – Levy and Collection
Defines how GST is charged and collected.
Tax applies on all intra-State supplies (except alcohol and certain fuels) at rates up to 20%.
Introduces Reverse Charge Mechanism (RCM) where the recipient pays tax, and makes e-commerce operators liable for GST on services supplied through them.
Section 7 of the CGST Act defines what constitutes a “supply” under GST. It includes all forms of supply of goods or services such as sale, transfer, barter, exchange, lease, or disposal made for a consideration in the course or furtherance of business. It also covers import of services for consideration, and specific activities listed in Schedule I even if made without consideration. Activities listed under Schedule III and certain government functions are excluded from the definition of supply. The section further empowers the government to classify transactions as either supply of goods or services as recommended by the GST Council.
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The Ministry of Corporate Affairs (MCA) has extended the deadline for filing DIR-3 KYC and DIR-3 KYC Web forms from 15th October to 31st October 2025 via Circular No. 05/2025. Directors holding a DIN must complete their annual KYC to keep their DIN active and valid. Failure to file by the due date will lead to deactivation of DIN and a penalty of ₹5,000.
Stay compliant — complete your KYC on time to avoid penalties and ensure uninterrupted access to MCA filings.
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