HENCY R SHAH AND ASSOCIATES

31 December Year-End Requirements & To-Do List ⏰  Is Your Year-End Compliance Locked & Loaded? December 31st is DEADLINE DAY for some of India's most critical tax & compliance filings. Miss this, and you're looking at penalties, loss of tax benefits, and compliance nightmares in 2026. Let's be honest if you're not ready NOW, you won't be ready in 3 days. 🎯 Here's Your December 31 Compliance Checklist (Ranked by Risk): TIER 1 - CRITICAL (Missing = Serious Penalties) ✅ GSTR-9 Annual Return [31 Dec Deadline] For: All GST-registered businesses with turnover > ₹2 crore (FY 2024-25) What happens if you miss: Late fee per day + scrutiny risk + compliance lock Pro tip: File AFTER 1 Dec to ensure Table 8A auto-population ✨ ✅ MGT-7/MGT-7A (Company Annual Return) [31 Dec Deadline] For: ALL companies (FY 2024-25) ⚠️ Last day for NO EXTRA FEES under MCA V3 transition relief Post 31 Dec = ₹100/day penalty (no maximum cap!) ✅ A...

🧾 The GSTR-9 & 9C Hustle — Year-End Story! Last week, I met a founder friend who looked completely drained . 😅 When I asked what went wrong, he sighed and said, “It’s not investors or clients this time… it’s GSTR-9 and 9C !” If you’ve ever scrambled through spreadsheets in December, you know exactly what he meant! So, for every entrepreneur juggling year-end chaos 🗂️ here’s a quick lowdown so you can stay ahead 👇 🧮 GSTR-9 - Your Annual GST Report Card Think of it as a “year in review” for your business taxes. ✅ Summarizes everything you’ve already filed in GSTR-1 and GSTR-3B . ✅ Mandatory if your turnover’s above ₹2 crore. ✅ Deadline: 31st December (unless the government blesses us with an extension 🙏). 📊 GSTR-9C - The Audit Layer If GSTR-9 is your report card, then GSTR-9C is your audit certificate . 💡 It reconciles figures from your annual return with your financial books. 👨‍💼 Required for businesses turning over ₹5 crore+. 🧾 Needs CA or Cost A...

🚨 LAST CALL: 3rd Installment of Advance Tax Due on December 15 🚨 Only 1 days left! Have you paid your 3rd advance tax installment ? If not, here's why this deadline shouldn't be on your "maybe later" list. Why Advance Tax Matters: 1. Avoid the Interest Trap 💰 Missing the December 15 deadline triggers a 1% monthly interest charge under Section 234C on the shortfall—compounding your tax burden. What seems like a small percentage quickly adds up. A ₹15,000 shortfall delayed 3 months? That's an extra ₹450 in interest. Prevent this with one timely payment. 2. Smoother Cash Flow Throughout the Year 📊 Instead of facing a massive tax shock at year-end, paying in quarterly installments (15% in June, 45% in September, 75% in December) spreads the burden evenly. Better cash flow = better business decisions. 3. Peace of Mind & Zero Compliance Headaches ✅ Advance tax isn't optional—it's a legal obligation if your estimated tax liability exceeds ...

🎯 To File or Not to File? The Return Story That Could Save Your Finances It's December. You're sipping your morning coffee when a sudden panic hits. "Wait... didn't I miss my tax return deadline ?" 💭 If this sounds like you, you're not alone. And here's the good news  you still have options . But choosing the right one could mean the difference between keeping your refund and losing it. Let me walk you through a real scenario about tax compliance . A client named Rajesh , a freelancer, realized on December 4th that he'd completely missed the ITR deadline . His initial thought? "I'm too late." But then he discovered two paths ahead: Path 1: Filing a Belated Return → File before December 31st with penalties Path 2: Filing an Updated Return → File up to 24 months with corrections The choice he made teaches us something critical about financial decision-making. Why Belated Returns Are Often the Better Choice ✅ Here's what makes be...