Financial Year 2026-27 शुरू होते ही compliance landscape पूरी तरह बदल रहा है —
अगर आपने starting में सही planning नहीं की, तो ITC loss + penalty + return blocking सब हो सकता है.
🧾 PART 1: Income Tax – 1 April 2026 से क्या बदल गया?
🔴 1. New Income Tax Act, 2025 लागू
- 1 April 2026 से Income-tax Act, 1961 replace हो गया
- सबसे बड़ा conceptual change:
👉 Assessment Year + Previous Year हटाकर → “Tax Year” concept
🔴 2. Opening Year Tasks (Mandatory)
✅ (A) Tax Regime Selection
- Old vs New regime evaluation (client-wise)
- Salary restructuring required
✅ (B) Advance Tax Planning
- April से ही projection करें
- वरना 234B / 234C interest लगेगा
✅ (C) TDS Setup & Updates
- New rates / sections mapping
- Software reconfiguration
✅ (D) Carry Forward Losses Check
- Old law vs new law mapping
- Business & capital loss tracking
🔴 3. Books & Documentation Reset
- New financial year ledgers open करें
- Depreciation schedule fresh start
- PAN-Aadhaar linking check (if pending risk of TDS @ higher rate)
🧾 PART 2: GST – 1 April 2026 से सबसे बड़े Changes
🚨 1. 3-Year Return Filing Rule (सबसे Important)
👉 अब GST portal ने strict rule लागू कर दिया है:
- 3 साल से पुराने returns file नहीं कर सकते
- System automatically block कर देगा
📌 Example:
- Jan 2023 return → Jan 2026 के बाद permanently block
⚠️ Impact:
- ITC loss (permanent)
- Late compliance impossible
- Audit में बड़ा risk
🚨 2. GST Portal Blocking शुरू (Practical Reality)
- Old periods already blocked from Dec 2025
- ITC mismatch होने पर भी system block कर रहा है
👉 मतलब:
अब GST में “later rectify” option practically खत्म हो रहा है
🚨 3. 30-Day IRN Rule (E-Invoicing)
- ₹10 Cr+ turnover वालों के लिए:
👉 Invoice issue के 30 दिन में IRN generate करना mandatory
❌ Late → IRN reject → Invoice invalid
🚨 4. ITC System अब Fully Controlled
- ITC allowed only if:
- GSTR-2B में reflected
- Supplier ने GSTR-3B file किया
- IMS (Invoice Management System) लागू
👉 Result:
- Vendor follow-up mandatory
- गलत ITC = interest + reversal
🚨 5. E-Way Bill & Documentation Rules
- Document validity restrictions tightened
- Audit trail strict
📊 PART 3: 1 April 2026 – GST Practical Checklist (Must Do)
✅ 1. Invoice Series Reset
- हर FY की तरह नई invoice series mandatory
✅ 2. Aggregate Turnover Recalculate
Important for:
- Composition Scheme eligibility
- E-invoicing applicability
- QRMP scheme
✅ 3. LUT Filing (Exporters)
- 31 March तक LUT file करें (FY 2026-27 के लिए)
✅ 4. Composition Scheme Option
- CMP-02 filing before 31 March
- गलत decision → पूरा साल impact
✅ 5. ITC Reconciliation (Critical)
- Books vs GSTR-2B match करें
- Missing ITC identify करें
- Vendor follow-up करें
✅ 6. ITC Eligibility Review
Check:
- Section 17(5) blocked credits
- Rule 42 / 43 reversals
- 180-day payment rule
✅ 7. GSTR-1 vs 3B vs Books Reconciliation
Mismatch = future notice
✅ 8. Pending Returns Clear करें (Very Important)
👉 क्योंकि:
- 3 साल बाद filing permanently बंद
📊 PART 4: Income Tax + GST Combined Starting Checklist
🔥 Immediate Action List (1 April 2026)
📌 Income Tax:
- ✔ Tax Year system adopt करें
- ✔ Advance tax planning शुरू करें
- ✔ TDS system update करें
- ✔ Books & ledgers reset करें
📌 GST:
- ✔ Invoice series reset करें
- ✔ Turnover classification check करें
- ✔ LUT / Composition decisions finalize करें
- ✔ ITC clean-up करें
- ✔ Vendor compliance ensure करें
- ✔ Old returns immediately file करें
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