CFO

Compliance Calender for FY 26-27

Year-End Statutory Compliance Checklist for FY 2025-26 A practical, founder-friendly guide to completing year-end statutory compliance in India for FY 2025-26. This playbook covers Income Tax, GST, TDS/TCS, MSME payments, payroll compliances, book closure, reconciliations, and key setup requirements for FY 2026-27 — with deadlines and actionable checklists for businesses.

By CA Akash BagrechaCo-Founder

Published
CFO CalenderCompliance Calendar
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FY 2025-26 year-end compliance checklist

About this e-book

Year-End Statutory Compliance Playbook for FY 2025-26

The end of the financial year is more than just closing the books. Businesses need to review pending tax payments, GST reconciliations, TDS/TCS obligations, MSME vendor payments, statutory liabilities, accounting provisions, and several compliance requirements before starting the new financial year.

Jordensky's Year-End Compliance Playbook for FY 2025-26 is a practical guide designed to help founders, business owners, finance teams and accountants navigate these year-end requirements in a structured manner.

The playbook is organised into three practical phases:


Phase 1 — March-End Compliance Actions

Review critical Income Tax and GST compliance before 31 March 2026, including advance tax, MSME vendor payments under Section 43B(h), ESI/PF/PT, TDS/TCS, GSTR-2B reconciliation, pending ITC, ITC reversals, RCM liabilities, sales reconciliation, composition scheme decisions, ITC-4, Rule 86B and other year-end GST requirements. 


Phase 2 — Book Closure & Finalisation

Prepare the books for audit and financial reporting by completing opening balance verification, bank reconciliation, expense provisions, year-on-year analysis, GST ledger reconciliation, physical stock verification, AIS/TIS/26AS matching and suspense account clearance. 


Phase 3 — New Financial Year FY 2026-27 Setup

Prepare your accounting and compliance systems for the new financial year by reviewing TDS applicability, Section 194Q, HSN/SAC requirements, e-invoicing, QRMP, LUT for exporters, new invoice series and Customs/IEC requirements. 

This FY 2025-26 compliance checklist is designed to help businesses identify important deadlines, assign responsibility to the finance team and avoid last-minute compliance issues.

Note: This playbook is intended for general guidance and is based on tax laws and GST provisions applicable as of March 2026. Businesses should consult their tax or finance advisor for matters specific to their circumstances. 

Who this is for

This FY 2025-26 Year-End Compliance Playbook is designed for:
Business Owners & Founders — who want a clear view of the key year-end compliance and accounting activities their business needs to complete.

MSMEs & Growing Businesses — looking to stay on top of Income Tax, GST, TDS, MSME payment and other statutory requirements.

Finance & Accounts Teams — who need a structured checklist for March-end compliance, book closure and audit preparation.

Accountants & Finance Managers — responsible for reconciliations, statutory payments, GST compliance, TDS/TCS and financial year-end closure.

CFOs & Fractional CFOs — who want a practical framework to review year-end compliance and ensure the business is ready for the new financial year.

Exporters & Businesses with GST/Customs Requirements — who need to review LUT, IEC, e-invoicing and other applicable requirements for FY 2026-27.

Professional Advisors & Consultants — including CAs, tax professionals and finance consultants who need a practical year-end checklist for their clients.

In short: If you are responsible for the finance, accounting, tax or compliance function of an Indian business, this playbook can serve as your year-end checklist to close FY 2025-26 cleanly and start FY 2026-27 with the right systems and compliance in place. The playbook itself is framed as a founder-friendly guide for closing books, staying compliant and preparing for the new financial year.

Key takeaways

  • March 31 is a critical compliance date for several Income Tax and GST-related actions.
  • Review advance tax and pending statutory liabilities before year-end.
  • Check MSME vendor outstanding payments because delayed payments can affect tax deductibility.
  • Reconcile GSTR-2B with the purchase register and identify pending eligible ITC.
  • Review ITC reversals, RCM liabilities and GST sales reconciliations before closing the year.
  • Complete bank reconciliation, expense provisions and opening balance verification before finalising the accounts.
  • Match AIS, TIS and Form 26AS with the books to identify income or TDS mismatches.
  • Clear suspense accounts and unidentified receipts/payments before year-end.
  • Review FY 2026-27 TDS, HSN/SAC, e-invoice and QRMP applicability before starting transactions in the new year.
  • Update invoice series and accounting/billing systems before the first transaction of FY 2026-27.

What you will learn

  • After reading this playbook, readers will be able to:
  • Understand the key year-end statutory compliance requirements for Indian businesses.
  • Identify important March 2026 tax and GST deadlines.
  • Review advance tax, TDS/TCS and other Income Tax requirements.
  • Understand the year-end impact of MSME vendor payments under Section 43B(h).
  • Reconcile GST input tax credit and GSTR-2B before closing the year.
  • Identify potential GST issues involving missing invoices, blocked ITC, Rule 42/43, RCM and sales reconciliation.
  • Prepare their books for year-end closure and audit.
  • Perform bank, GST, stock and ledger reconciliations.
  • Review AIS/TIS/26AS against accounting records.
  • Identify and clear outstanding suspense balances.
  • Determine important compliance changes and system requirements for FY 2026-27.
  • Prepare accounting and billing systems for the new financial year.

Inside the guide

  1. Part 1 — March-End Compliance Actions
  2. 1.1 Tax-Saving Investments & Deductions
  3. 1.2 Advance Tax — 4th Instalment
  4. 1.3 MSME Vendor Payments — Section 43B(h)
  5. 1.4 ESI / PF / PT — Monthly Payment Deadlines
  6. 1.5 Other Statutory Liabilities — Section 43B
  7. 1.6 TDS / TCS — March Payments & Q4 Returns
  8. 1.7 Form 15G / 15H — Consolidated Upload
  9. 1.8 Updated Returns (ITR-U) — Last Filing Window
  10. 1.9 GSTR-2B Reconciliation & Pending ITC
  11. 1.10 Missing Invoices & Supplier ITC Issues
  12. 1.11 ITC Reversal — Blocked Credit & Rule 42/43
  13. 1.12 RCM Payment — Pending Liability
  14. 1.13 Sales Reconciliation — Books vs GSTR-1 vs GSTR-3B
  15. 1.14 GTA Forward Charge Option for FY 2026-27
  16. 1.15 Composition Scheme — Opt In or Out
  17. 1.16 ITC-4 Filing for Job Work
  18. 1.17 Rule 86B — Mandatory 1% Cash Payment
  19. 1.18 Hotel Premises Declaration
  20. 1.19 Credit / Debit Notes for FY 2025-26
  21. 1.20 GSTAT Tribunal — Extended Appeal Window
  22. The detailed contents list these 20 March-end items, covering both Income Tax and GST.
  23. Part 2 — Book Closure & Finalisation
  24. 2.1 Opening Balance Verification
  25. 2.2 Bank Reconciliation
  26. 2.3 Expense Provisions for March
  27. 2.4 Year-on-Year Data Comparison
  28. 2.5 GST Ledger Reconciliation
  29. 2.6 Physical Stock Verification
  30. 2.7 AIS / TIS / 26AS Income Matching
  31. 2.8 Suspense Account Clearance
  32. The book-closure section focuses on getting the accounts clean and audit-ready.
  33. Part 3 — New Financial Year FY 2026-27 Setup
  34. 3.1 TDS Applicability — Check Turnover Thresholds
  35. 3.2 TDS on Purchases — Section 194Q
  36. 3.3 HSN / SAC Code Requirements
  37. 3.4 E-Invoice Applicability
  38. 3.5 QRMP Filing Frequency for FY 2026-27
  39. 3.6 Letter of Undertaking (LUT) for Exporters
  40. 3.7 New Invoice & Billing Series
  41. 3.8 Customs / IEC Updates