"I am a Finance and Tax Consultant from Karnataka, providing end-to-end services in GST, Income Tax, and accounting. I work closely with businesses and professionals to ensure compliance, proper tax planning, and smooth handling of notices and assessments. My areas of expertise include GST return filing, audit support, TDS compliance, and financial reporting. I believe in delivering practical and legally sound solutions tailored to client needs. I am also expanding my professional scope into financial services, including loan consultancy and DSA operations with banks and NBFCs. Through knowledge sharing platforms like TaxGuru, I aim to simplify complex tax concepts and provide valuable insights to professionals and taxpayers. "
The dispute arose due to mechanical application of Rule 86B by tax authorities. It was held that satisfying exception criteria allows full ITC usage without cash payment. The key takeaway is that awareness of exceptions prevents unnecessary financial burden.
