Baniya Associates

GSTN Advisory: Mandatory Confirmation of Tax Liability Breakup in GSTR-3B from Feb 2026

GSTN advisory 2026

The GSTN advisory 2026 introduces a significant update for taxpayers filing their GSTR-3B returns. Starting from the February 2026 tax period, businesses will be required to confirm the tax liability breakup before submitting their returns. This step has been added to improve the accuracy of tax reporting and reduce common filing errors. As GST compliance … Read more

How MSMEs Drive Economic Growth and Employment in India

msme

Micro, Small, and Medium Enterprises play a crucial role in strengthening India’s economic structure. The msme sector contributes significantly to production, exports, and grassroots innovation across industries. By supporting small businesses and local entrepreneurship, it ensures that economic development reaches both urban and rural regions. In a diverse and growing economy, small enterprises create opportunities … Read more

How to File GST Returns

GST Return Filling

Filing GST returns is a regular responsibility for registered taxpayers in India, and understanding the process helps avoid errors, penalties, and unnecessary stress. GST return filing involves reporting details of sales, purchases, tax collected, and tax paid to the government within specified timelines. When done correctly, it ensures smooth compliance and accurate tax records. This … Read more

Union Budget 2026-27: Key Takeaways, Tax Changes & Major Announcements Explained

budget 2026

What is Union Budget? The Union Budget is the annual financial statement of the Government of India, presented in Parliament every year on 1st February. It outlines the government’s estimated revenue and expenditure for the upcoming financial year, in this case FY 2026–27. Through the Union Budget, the government announces important decisions related to income … Read more

How can I register my brand name in India?

  How Do I Register My Brand Name? How Do I Register My Brand Name? The brand name, an Intellectual Property (IP) branch, serves as the brand name’s invincible armor. While the Brand Names Act of 1999 allows applicants to register their brand names, this is rarely successful due to the complications that arise during … Read more