“ The wise man accepts his pain, endures it but does not add to it by complaining.”
— Marcus Aurelius
Statutory and Tax Compliance Calendar for month of September 2025
This article compiles due-dates for GST, Income Tax, ESI, PF Acts, and Companies Act compliances with a primary focus on Individuals, Professionals, and SME Businesses.
These due-dates are subject to extensions based on stakeholder representations and circumstances. We will notify you as soon as any due-dates are extended.
In accordance with applicable laws and regulations, colour coding is employed for better understanding.
Total days – 30
No. of due dates- 17
Public Holiday/Festivals-
5 September 2025, Friday Milad-un-Nabi (Id-e-Milad) and Onam
News and Updates
🚨
Point-wise summary of the 56th GST Council meeting (Sep 3–4, 2025, New Delhi) chaired by FM Nirmala Sitharaman:
🏛 Key Decisions
Simplification of Tax Slabs
GST rationalized to two slabs: 5% (merit rate) and 18% (standard rate).
A 40% demerit rate for luxury/sin goods (cars >4m, high-end bikes, pan masala, gutkha, tobacco, casinos, betting, gambling).
Effective Date
New slab system applicable from September 22, 2025 (Navratri start).
Sin goods continue under old rates until cess obligations are cleared.
🛒 What Gets Cheaper (Rate Cuts)
Essentials: Soaps, shampoos, toothpaste, hair oil, bicycles, kitchen/tableware → down to 5%.
Food Products: Namkeen, chocolates, pasta, butter, coffee, ghee → down to 5%.
Exempt (Nil GST): UHT milk, paneer, roti, paratha.
Appliances: ACs, TVs, dishwashers → from 28% → 18%.
Automobiles:
Small cars (≤1200cc petrol, ≤1500cc diesel, ≤4m length) → 18%.
Motorcycles ≤350cc → 18%.
EVs → 5% (unchanged).
Larger cars/bikes → 40%.
Insurance: All life & health insurance (term, ULIP, endowment, family floater, senior citizen) → full GST exemption (from 18%).
Agriculture: Tools, pesticides, kendu leaves, etc. → 5%.
Footwear & Apparel: Items ≤₹2,500 → 5%; above ₹2,500 → 18%.
Services: Salons, gyms, beauty, fitness, yoga → from 18% → 5%.
⚖️ Institutional & Process Reforms
GST Appellate Tribunal (GSTAT): Operational by Sept 2025, hearings by Dec 2025. Backlog appeals filing deadline: June 30, 2026.
Refunds: Automated provisional refunds, especially for inverted duty cases.
Business Registration: Simplified, faster approval (esp. MSMEs).
💰 Fiscal & Economic Impact
Estimated revenue loss: ~₹48,000 crore.
Industry/market welcomed move:
Insurance stocks (ICICI Pru, LIC, HDFC Life) jumped up to 6%.
Mahindra called it “transformative”.
EY India: will ease disputes & improve affordability.
HDFC ERGO: aligns with “Insurance for All by 2047”.
Kotak AMC: boosts demand, eases inflation.
✅ Review:
The reform marks the biggest GST overhaul since 2017.
Clear focus: simplification, consumer relief, and stimulus for demand.
Risks: short-term revenue loss for Centre & States, but expected to be offset by higher compliance + demand revival.
This calendar is prepared for the benefits of clients and well-wishers of M/s Kanhaiya Gautam and Associates, Chartered Accountants. This should not be used as substitute for professional advice. Best efforts are placed to compile these due dates, still we would appreciate if you draw our attention to any inaccuracy.
