December 31 Compliance Rush: Taxpayers Scramble as MCA, GST, ITR Deadlines Pile Up

• December 31 marks a critical deadline for MCA filings, GST annual returns (GSTR-9, GSTR-9C), and belated/revised Income Tax Returns.
• Taxpayers face technical issues with MCA portal filings, including validation failures and submission errors.
• GST compliance is complicated by frequent changes in reporting frameworks, new tables, and revised instructions, making reconciliation difficult.
• Income Tax Department's data analytics flagging deductions adds urgency, prompting many to revisit filings before the final deadline.
• Experts warn of penalties for missed deadlines; advise early filing and keeping records of failed submissions due to no extension.

Why It Matters: Multiple critical tax and corporate compliance deadlines converge on December 31, causing a rush and potential penalties.