Welcome to G M & ASSOCIATES

Excellence in Accounting. Integrity in Every Engagement.

G M & ASSOCIATES, Chartered Accountants is a Kolkata-based professional services firm committed to delivering exceptional assurance, taxation, advisory, and compliance solutions to businesses, entrepreneurs, professionals, and individuals. Since its establishment in 2017, the firm has earned the trust of its clients by combining technical excellence with practical business insight and an unwavering commitment to professional ethics.

Founded by CA. Mukesh Kumar Thakur and CA. Gopal Bhaiya, the firm was established with a clear vision—to provide high-quality professional services that go beyond statutory compliance and create lasting value for clients. Over the years, G M & ASSOCIATES has evolved into a trusted advisory partner, helping clients navigate an increasingly complex financial and regulatory landscape with confidence and clarity.

Our Services

Audit and Assurance Services

We perform various auditing and assurance assignments, removing complexities

GST Advisory

Our GST Advisory Team is equipped with the best minds of the industry, who

Direct (Income Tax) Advisory

Corporates, Partnership Firms, LLPs, Individuals, etc. All of them need to comply

Starting of New Business

We help in setting up a new company, LLP, advisory related to incorporation

NRI Tax/ Investment Advisory

Experts from each area would help you plan, invest, maximize the return

Accounting and Book- Keeping

Accounts Receivable and Payable Management., Payroll Processing.

News

20 Aug 26
Ind AS Amendment Rules 2026: New Changes in Financial Instruments, Hedge Accounting & Disclosures
Allahabad HC: Objections to Draft Assessment Order Must Be Filed Before Both DRP and AO
Delhi (PB) GSTAT Sustains ?14.26 Lakh Anti-Profiteering Demand; Theatres Can’t Raise Ticket Prices to Offset GST Reduction
IT Department Verifies Suspicious Foreign Remittances
19 Aug 26
New Delhi ITAT: Interest U/S 28 of Land Acquisition Act Not Taxable Separately as Income from Other Sources
Data Centre Industry Seeks GST ITC Relief on Infrastructure Costs
Allahabad HC: GST Jurisdiction Challenge After Contesting SCN on Merits Hit by Doctrine of Election
Income Tax Department Undertakes Verification of Suspicious Foreign Remittances by 394 Entities
18 Aug 26
Madras HC: GST Search Legality Can’t Be Contested After Provisional Release of Seized Goods
CBDT Rolls Out One-Time Foreign Asset Disclosure Scheme
IGST Revenue Settlement 2026: New Rules Clarify ITC Reversals and Credit Alignment
Capital Gains Exemptions Under Income Tax Act 2025
E-Payment of Direct Taxes Under Income Tax Act 2025: Rules, Modes and Process Explained
17 Aug 26
Rectification, Assessment and Appeals Under Income Tax Act 2025
IGST Settlement 2026: New Rules Address ITC Reversals, Credit Alignment and Clarity
CBDT Issues FAQs on Section 536 Transition Provisions Under Income Tax Act, 2025
16 Aug 26
Rectification, Assessment and Appeals Under Income Tax Act 2025
Delhi HC Defers Decision on GST Penalty for Non-Taxable Persons Under Section 122(1) Pending SC Proceedings
15 Aug 26
Delhi HC: Advocates Acting as Insolvency Professionals Mandated to Obtain GST Registration
CBDT Grants IT Exemption to District Legal Service Authority, Panchkula U/S 10(46)
Insurance Sector Needs Faster RBC Implementation and GST Rationalisation, Says Parliamentary Panel
Insurance Sector Needs Faster RBC Implementation and GST Rationalisation, Says Parliamentary Panel
14 Aug 26
Tax Benefits for Senior Citizens in FY 2026-27: Deductions, TDS Relief and ITR Exemptions
Kerala HC: ITC Benefit Cannot Be Denied Merely Due to Delay in Rectification
ITR-7 Online Utility for AY 2026-27 Now Available on Income Tax Portal
GST Council: Andhra Pradesh Takes the Lead in AI-Driven Tax Administration & Data Analytics
13 Aug 26
ITR-7 Online Utility Enabled on Income Tax Portal for AY 2026-27
NCLT Launches e-Inspection and e-Certified Copy Services to Enhance Digital Access for Stakeholders
12 Aug 26
Karnataka HC Rules GST Can’t Be Levied on Building Plan Sanction Charges
High GST Rate on Kraft Paper Raises Concerns in the Corrugated Packaging Industry
SC Holds Omission of GST Rule 96(10) Covers Pending IGST Refund Applications
11 Aug 26
Income Tax Department Releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27
Delhi ITAT Directs CIT(A) to Decide Whether CAM Charges Attract 2% TDS U/S 194C or 10% U/S 194-I
Bengaluru ITAT: Fresh Tax Demand Cannot Be Raised Through Computation Sheet After Returned Income Is Accepted
04 Aug 26
Madras HC Rules Uploading GST Assessment Order on Common Portal Is Valid Service U/S 169
Andhra Pradesh July GST Collections Reach ?13,283 Crore, Registering 21% Growth
Hyderabad GSTAT: 10% Pre-Deposit for GST Penalty Appeals U/S 112(8) Can’t Apply Retrospectively
03 Aug 26
Haryana retains top position in state GST collection growth in first 4 months of 2026–27 financial year
RBI Finalises New Deposit Interest Rate Rules, Effective from 1st Oct 2026
July 2026 GST Revenue Surges to Rs 2.11 Lakh Crore, Registers 15.4% YoY Growth
02 Aug 26
Common Show Cause Notice for Multiple Tax Periods Valid Under GST Law: Karnataka HC
NADT-RC, Mumbai Launches First Training Programme on Grievance Redressal
01 Aug 26
MCA Informs Parliament: June 5 2026 Data Centre Fire Caused No Data Loss or Service
Karnataka HC Dismisses GST Registration Cancellation Plea After Tax Dept Revokes Order on Hearing Day
Madras HC: GST Amnesty Benefit Can’t Be Refused Without Larger Ruling on Section 128A
28 Jul 26
CBDT Extends Tax Exemption Benefits to Maharashtra Fees Regulating Authority Under Section 10(46)
No Change in MSME Payment Compliance: Government Defends Section 43B(h) in Parliament
New ITR-BN Form for Block Assessment in Search and Seizure Cases
Allahabad High Court Sets Aside IT Reassessment Notice Issued After Assessee’s Death
27 Jul 26
Supreme Court Confirms No GST on Long-Term Industrial Plot Leasehold Transfers
FM Sitharaman Calls for Greater Tax Certainty and Reduced Litigation at 167th Income Tax Day Celebration
Draft Insurance Rules 2026 Released: Centre Proposes Major Overhaul of 87-Year-Old Insurance Rules

20 Aug 26

Ind AS Amendment Rules 2026: New Changes in Financial Instruments, Hedge Accounting & Disclosures

Allahabad HC: Objections to Draft Assessment Order Must Be Filed Before Both DRP and AO

Delhi (PB) GSTAT Sustains ?14.26 Lakh Anti-Profiteering Demand; Theatres Can’t Raise Ticket Prices to Offset GST Reduction

IT Department Verifies Suspicious Foreign Remittances

19 Aug 26

New Delhi ITAT: Interest U/S 28 of Land Acquisition Act Not Taxable Separately as Income from Other Sources

Data Centre Industry Seeks GST ITC Relief on Infrastructure Costs

Allahabad HC: GST Jurisdiction Challenge After Contesting SCN on Merits Hit by Doctrine of Election

Income Tax Department Undertakes Verification of Suspicious Foreign Remittances by 394 Entities

18 Aug 26

Madras HC: GST Search Legality Can’t Be Contested After Provisional Release of Seized Goods

CBDT Rolls Out One-Time Foreign Asset Disclosure Scheme

IGST Revenue Settlement 2026: New Rules Clarify ITC Reversals and Credit Alignment

Capital Gains Exemptions Under Income Tax Act 2025

E-Payment of Direct Taxes Under Income Tax Act 2025: Rules, Modes and Process Explained

17 Aug 26

Rectification, Assessment and Appeals Under Income Tax Act 2025

IGST Settlement 2026: New Rules Address ITC Reversals, Credit Alignment and Clarity

CBDT Issues FAQs on Section 536 Transition Provisions Under Income Tax Act, 2025

16 Aug 26

Rectification, Assessment and Appeals Under Income Tax Act 2025

Delhi HC Defers Decision on GST Penalty for Non-Taxable Persons Under Section 122(1) Pending SC Proceedings

15 Aug 26

Delhi HC: Advocates Acting as Insolvency Professionals Mandated to Obtain GST Registration

CBDT Grants IT Exemption to District Legal Service Authority, Panchkula U/S 10(46)

Insurance Sector Needs Faster RBC Implementation and GST Rationalisation, Says Parliamentary Panel

14 Aug 26

Tax Benefits for Senior Citizens in FY 2026-27: Deductions, TDS Relief and ITR Exemptions

Kerala HC: ITC Benefit Cannot Be Denied Merely Due to Delay in Rectification

ITR-7 Online Utility for AY 2026-27 Now Available on Income Tax Portal

GST Council: Andhra Pradesh Takes the Lead in AI-Driven Tax Administration & Data Analytics

13 Aug 26

ITR-7 Online Utility Enabled on Income Tax Portal for AY 2026-27

NCLT Launches e-Inspection and e-Certified Copy Services to Enhance Digital Access for Stakeholders

12 Aug 26

Karnataka HC Rules GST Can’t Be Levied on Building Plan Sanction Charges

High GST Rate on Kraft Paper Raises Concerns in the Corrugated Packaging Industry

SC Holds Omission of GST Rule 96(10) Covers Pending IGST Refund Applications

11 Aug 26

Income Tax Department Releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27

Delhi ITAT Directs CIT(A) to Decide Whether CAM Charges Attract 2% TDS U/S 194C or 10% U/S 194-I

Bengaluru ITAT: Fresh Tax Demand Cannot Be Raised Through Computation Sheet After Returned Income Is Accepted

04 Aug 26

Madras HC Rules Uploading GST Assessment Order on Common Portal Is Valid Service U/S 169

Andhra Pradesh July GST Collections Reach ?13,283 Crore, Registering 21% Growth

Hyderabad GSTAT: 10% Pre-Deposit for GST Penalty Appeals U/S 112(8) Can’t Apply Retrospectively

03 Aug 26

Haryana retains top position in state GST collection growth in first 4 months of 2026–27 financial year

RBI Finalises New Deposit Interest Rate Rules, Effective from 1st Oct 2026

July 2026 GST Revenue Surges to Rs 2.11 Lakh Crore, Registers 15.4% YoY Growth

02 Aug 26

Common Show Cause Notice for Multiple Tax Periods Valid Under GST Law: Karnataka HC

NADT-RC, Mumbai Launches First Training Programme on Grievance Redressal

01 Aug 26

MCA Informs Parliament: June 5 2026 Data Centre Fire Caused No Data Loss or Service

Karnataka HC Dismisses GST Registration Cancellation Plea After Tax Dept Revokes Order on Hearing Day

Madras HC: GST Amnesty Benefit Can’t Be Refused Without Larger Ruling on Section 128A

28 Jul 26

CBDT Extends Tax Exemption Benefits to Maharashtra Fees Regulating Authority Under Section 10(46)

No Change in MSME Payment Compliance: Government Defends Section 43B(h) in Parliament

New ITR-BN Form for Block Assessment in Search and Seizure Cases

Allahabad High Court Sets Aside IT Reassessment Notice Issued After Assessee’s Death

27 Jul 26

Supreme Court Confirms No GST on Long-Term Industrial Plot Leasehold Transfers

FM Sitharaman Calls for Greater Tax Certainty and Reduced Litigation at 167th Income Tax Day Celebration

Draft Insurance Rules 2026 Released: Centre Proposes Major Overhaul of 87-Year-Old Insurance Rules

Readmore...

Due Date Reminder

Jan	Feb	Mar	Apr	May	June
July	Aug	Sep	Oct	Nov	Dec
All

25 Aug 26 Deposit of GST under QRMP scheme for July .

28 Aug 26 Return for July by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.

30 Aug 26 Deposit of TDS on payment made for purchase of property in July.

30 Aug 26 Deposit of TDS @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 24-25, where lease has terminated in July. (Else TDS is to be deposited on annual basis by 30 April of next year.)

30 Aug 26 Deposit of TDS on certain payments made by individual/HUF for July.

30 Aug 26 Deposit of TDS on Virtual Digital Assets for July.

31 Aug 26 Application for exercising option under Explanation to section 11(1) to apply income of previous year in the next year or in future, if ITR due date is October 31.

31 Aug 26 Statement in to be furnished to accumulate income for future application u/s 10(21) or 11(1), if ITR due date is October 31.

31 Aug 26 Regularise pending MCA annual filings under CCFS 2026 Scheme without penalty but at concessional fees. Parallel route for inactive or defunct companies to opt for dormancy or strike-off.

31 Aug 26 Exercise option to opt for old regime for AY 26-27 if due date is 31 Aug.