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Archive: May, 2026

Posts in May, 2026

Reducing GST Compliance Burden: Reforms, Portal Upgrades & Tax Professionals’ Role

May 23, 2026 585 Views 0 comment Print

The article explains how simplifying GST laws, rationalising returns, and improving the GST portal can significantly reduce compliance burdens for businesses and professionals.

Right Issue of Shares: When PAS-3 Gets Filed but Real Compliance File Stays Empty

May 23, 2026 327 Views 0 comment Print

The article highlights how companies completed PAS-3 filings but failed to maintain critical Right Issue documentation such as offer letters, acceptance forms, and renunciation records. It explains why proper documentary evidence is essential for Companies Act compliance.

ITAT Restores 12AB Registration Matter as CIT(E) Ignored Adjournment Request

May 23, 2026 63 Views 0 comment Print

Pune ITAT remanded the registration proceedings after noting the assessee’s contention that an adjournment request seeking additional time for compliance was not considered by the Commissioner (Exemption).

CBI Arrests CGST Officials Over Alleged Bribe Demand in ITC Mismatch Case

May 23, 2026 4534 Views 0 comment Print

The CBI arrested a CGST Superintendent and Inspector after allegations that they demanded bribes to resolve an Input Tax Credit mismatch and threatened GST registration blockage.

ITAT Restores Appeal as Assessee Uploaded Replies in Wrong NFAC Window

May 23, 2026 63 Views 0 comment Print

Pune ITAT remanded the matter after the assessee explained that responses meant for the assessment appeal were inadvertently uploaded in the penalty appeal portal.

ITAT Restores Section 12AB Registration Matter as Trustees Were Unaware of Notices

May 23, 2026 51 Views 0 comment Print

Pune ITAT remanded the registration proceedings after accepting the assessee’s explanation that changes in management and resignation of the accountant resulted in non-compliance with notices.

ITAT Restores Section 12AA Registration Matter as Assessee Claimed No Knowledge of Notices

May 23, 2026 57 Views 0 comment Print

Pune ITAT remanded the matter after finding that the trust claimed it had no knowledge of notices issued by the CIT(Exemption). The Tribunal granted another opportunity to furnish documents supporting registration under Section 12AA.

ITAT Restores Section 11 Exemption Claim as Delay in Filing Form 10B Was Condoned

May 23, 2026 54 Views 0 comment Print

The Tribunal held that the assessee’s claim under Section 11 required fresh examination since delay in filing Form 10B had already been condoned by the competent authority after assessment proceedings.

Analysis of Standardised Annexure-B Offline Utility & System-Based Adjudication

May 22, 2026 1479 Views 0 comment Print

GST Refund Annexure-B Utility: Key Challenges, GSTR-2B Validation Rules, and Legal Safeguards Explained for Exporters and Tax Professionals.

Smarter, Safer, Sharper: Harnessing Artificial Intelligence in Modern GST Practice

May 22, 2026 4650 Views 0 comment Print

Explore how AI is reshaping GST practice in 2026 through automation, GenAI, RAG tools and compliance workflows, while managing confidentiality and hallucination risks.

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