📌 GSTR-1 due date for June 2025 is 11th July 2025. Applicable for taxpayers with turnover above ₹5 crore or those not opted for QRMP for Apr–Jun 2025 quarter.
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Wondering about a 'new Income Tax Act, 2025'?
As of May 2025, India still follows the Income-tax Act, 1961. No new act has been enacted. Key reforms include:
✅ Optional tax regime (Section 115BAC for individuals, 115BAA for companies)
✅ Faceless assessments for transparency
✅ Digital tools for faster refunds & e-filing
Talks of a Direct Tax Code continue, but nothing’s confirmed yet. Stay tuned for updates from the Ministry of Finance!