The portal will restrict GSTR-3B filing if ITC reclaims exceed ledger balances. The key takeaway is mandatory correction of excess ITC before return filing.
The circular mandates standard formats for beneficial ownership statements and section 32A affidavits in resolution plans. The key takeaway is enhanced transparency and accountability of resolution applicants.
The issue was whether a writ petition could bypass the statutory appeal after a final assessment order. The Supreme Court upheld dismissal of the writ, holding that availability of an appellate remedy bars writ jurisdiction, while granting time to file appeal.
The Court held that reassessment notices failed because seized documents did not relate to the relevant assessment years. Jurisdiction under Section 153C was therefore not validly assumed.
The Court refused to entertain a writ against an assessment order where an appeal remedy was available. Bypassing statutory remedies was held impermissible.
The ruling held that expenses paid to overseas patent attorneys are taxable as import of legal services. GST must be discharged by the Indian recipient under reverse charge, even if the invoice describes the amount as reimbursement.
Issue: Clash between exam date and municipal elections. Ruling: Auditing and Ethics paper postponed to 19 January 2026. Admit cards and exam centres remain unchanged.
The ITAT held that reassessment initiated in July 2022 for AY 2015-16 was barred by limitation. The ruling confirms that expired cases cannot be revived under the post-2021 reassessment framework.
Explains the importance of a Chartered Accountant certificate in validating trading accounts, stock valuation, and GST reconciliation. Key takeaway: Proper CA documentation ensures faster claim approval and reduces surveyor queries.
Explains the procedural nature of Section 70 summons and how taxpayers can respond strategically. Key takeaway: Calm, well-prepared responses reduce litigation and reputational risk.
