The error arises when rejected TDS entries are not amended by the deductor. Correcting the entry through Table 4 of GSTR-7 resolves the issue.
This examines why fast-track GST approvals are sometimes followed by scrutiny. The takeaway is that auto-approval does not guarantee post-registration certainty.
Explains RBI’s extension of the export realisation period to 15 months and details how it impacts declarations, monitoring, and legal compliance under FEMA.
The analysis explains why all GST appeals relating to orders communicated before 1 April 2026 must be filed by 30 June 2026, despite the staggered filing schedule. It clarifies how Section 112 timelines, Rule 123, and the 2025 notification interact, offering a clear compliance roadmap.
Explains why GST is not a discount and highlights the strict conditions under Section 16 that make personal-use ITC claims illegal.
The RBI is revamping India’s statistical ecosystem with upgraded databases, faster BoP releases, and enhanced surveys. These reforms aim to provide policymakers with timely, accurate, and actionable economic data.
Authorities uncovered a web of non-existent entities issuing invoices without supply, causing huge GST revenue loss. The mastermind was arrested under cognizable and non-bailable CGST Act offences.
Learn how SEZ, STPI, and Non-STPI frameworks differ in tax incentives, compliance, and operational flexibility to help GCCs make an informed India strategy.