The Central Board of Indirect Taxes and Customs has introduced updated regulations for 2025-2026. From automated invoice reconciliations to revised input tax credit timelines, micro and small businesses must stay proactive to avoid penal actions and notices.
Key Compliance Highlights:
1. Stricter GSTR-2B automated reconciliation.
2. Mandatory biometric / Aadhaar OTP verification for new registrations.
3. Fast-tracked refund workflows for verified service providers.