Vinpro Global

House of Management Consultants & Chartered Accountants. India - UAE - Bahrain - UK - USA | GST / VAT / Audit / Consulting

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ITR Filing Updates (June 19, 2026)
The Income Tax Department enabled online filing and Excel utility for ITR-3 for Assessment Year (AY) 2026-27 on the e-filing portal.
Excel utilities for filing Updated Returns were also made available.
This supports the ongoing ITR filing season (most returns due by July 31, 2026).Scrutiny Deadline Approaching (June 30, 2026)
CBDT guidelines for compulsory scrutiny of ITRs (for returns filed in FY 2025-26) highlight high-risk categories (e.g., survey/search cases, reassessment cases, certain trusts).
June 30, 2026, is the last date for the department to issue notices under Section 143(2) for these returns. If no notice is issued by then, the return generally escapes scrutiny under this provision.

#IncomeTaxUpdate

[Vinpro Global @vinproglobal]

ITR-3 Released

[Income Tax India @IncomeTaxIndia]

Kind Attention Taxpayers!

Online filing and Excel Utility for ITR-3 for A.Y. 2026–27 is now enabled on the e-Filing portal.

https://t.co/cEiDhzUMQI

[Vinpro Global @vinproglobal]

#connectbyvinpro #employerofrecord #hrtech #indiaexpansion #hiringsimplified #vinpro #hrms #payroll #compliances #globalhiring #hiringinindia |

[Vinpro Global @vinproglobal]

Happy Birthday @IBM . May God bless you

[IBM @IBM]

We turn 115 today! 🥰

Say happy birthday 😠

[Vinpro Global @vinproglobal]

GST Update – June 2026
GSTN has postponed E-Way Bill enhancements to 1 August 2026. Mandatory capture of Ship-To GSTIN (or URP) in Bill-To/Ship-To transactions
New voluntary E-Way Bill closure option after delivery Businesses now have more time to prepare their ERP & software.
Original deadline was 15 June. Stay compliant!
#GST #EWayBillUpdate #TaxUpdate

https://t.co/VWFvyWV8hh

[Satya Nadella @satyanadella]

https://t.co/vLmiBKTtX3

[Vinpro Global @vinproglobal]

#GSTIndia #LatestUpdate

[Vinpro Global @vinproglobal]

Current Compliance Deadlines (June 2026)Excise Tax Return: Due 16 June 2026.

VAT Return: Due 29 June 2026 (for relevant periods).

Penalty Updates (effective April 2026) also offer a more lenient, simplified structure with incentives for voluntary disclosures.
#UAEVAT #Duedate

https://t.co/K1kYGwmOGh

[Vinpro Global @vinproglobal]

FCNR(B) Deposits: RBI bears the full hedging cost for banks raising fresh 3-5 year deposits from NRIs/OCIs until September 30, 2026. Deposits are exempt from CRR/SLR in some cases, making them attractive.

ECBs by PSUs: Concessional forex swap facility (e.g., at ~1.5% fixed cost) for public sector undertakings' external commercial borrowings.

G-Sec Access for FPIs: All new 15-, 30-, and 40-year government securities under the Fully Accessible Route (FAR). Removal of taxes on capital gains and interest (retrospective from April 1, 2026), plus eased concentration limits.

Other Supports: Higher NRI/OCI equity investment limits; export proceeds realization restored to 9 months; expanded overseas borrowing options for banks.

[Vinpro Global @vinproglobal]

GSTIN : June 2026 Developments
Bank of Maharashtra added as an authorised bank for GST payments (UPI, credit/debit cards) – effective early June.
Delhi GST Amendment Rules, 2025 notified (Notification No. 07/2025).
Stricter system-driven controls continue: Hard ITC blocking in GSTR-3B, Invoice Management System (IMS) enhancements, and auto-interest calculations.

[Vinpro Global @vinproglobal]

GSTN has postponed two important E-Way Bill updates that were originally scheduled to go live on 15 June 2026.
Key Changes Delayed:Mandatory “Ship To GSTIN” field — For all Bill-To/Ship-To transactions (you must now enter the actual recipient’s GSTIN where goods are delivered).
Voluntary E-Way Bill Closure facility — A new option to voluntarily close an E-Way Bill once goods are delivered.

New Effective Date: 1 August 2026 (instead of 15 June 2026).
Industry bodies requested more time for ERP/API updates, system testing, and master data changes.

[Vinpro Global @vinproglobal]

1.Survey cases (u/s 133A on or after 1 April 2024)
https://t.co/BkAEnKTGpO cases
3.Reassessment cases
4.Certain Trusts
5.Recurring dispute cases (where additions were made in earlier years)
6.Cases flagged by other enforcement agencies
Important: Notices u/s 143(2) must be issued by 30 June 2026.If your return falls in any of these categories, make sure your documentation is complete and accurate.

[Vinpro Global @vinproglobal]

Is your ITR at risk of compulsory scrutiny? The CBDT has released new guidelines for FY 2026-27. Certain categories of returns will now face mandatory complete scrutiny. Here are the main high-risk categories:

[Vinpro Global @vinproglobal]

https://t.co/CppZF978Px

[Vinpro Global @vinproglobal]

Over 1.14 lakh startups have created more than 12 lakh jobs in India (Finance Ministry data). Strong contribution from the startup ecosystem to employment. #StartupsIndia #Jobs #Entrepreneurship

[Vinpro Global @vinproglobal]

India’s retail inflation rises to 3.93% in May (from 3.48% in April). Food prices remain the main driver, but the headline number stays comfortably inside RBI’s 2-6% target band. What’s your view on the inflation trend? #Inflation #IndianEconomy #CPI #RBI

[Vinpro Global @vinproglobal]

Companies lining up to raise nearly ₹40,000 crore through debt as bond yields ease. Firms are moving quickly to lock in lower borrowing costs. #CorporateFinance #DebtMarkets #IndiaEconomy

[Vinpro Global @vinproglobal]

Good news for NRIs! Banks are hiking rates on dollar deposits:
• HDFC Bank → up to 6%
• PNB → up to 6.1% More banks expected to follow. Attractive returns on FCNR(B) deposits right now. #NRI #Banking #FCNR #PersonalFinanceIndia