The updated Annexure B utility has introduced strict validation checks, mandatory JSON uploads, and automated GST refund processing requirements. Taxpayers must now carefully reconcile invoices, GSTR-2B data, and ITC details to avoid refund delays and rejection.
GSTAT directed service through registered post/speed post after notices sent via portal and email failed to receive any effective response from the Department. The Tribunal held that Section 169 of the CGST Act permits cumulative modes of service to ensure proper adjudication and natural justice.
The constitutional safeguard under Article 20 prevents authorities from imposing harsher punishments than those prescribed when the offence occurred. Judicial precedents reaffirmed that penal laws operate prospectively in criminal matters.
The article explains the structure, filing requirements, and tax implications of IRS Form 1041 for trusts and estates. It highlights that the return involves detailed disclosures, schedules, deductions, and compliance obligations requiring expert handling.
Automation is reducing repetitive accounting work such as GST filings, reconciliations, and data entry, but professional judgment and advisory roles still require Chartered Accountants. The article explains how technology is reshaping the profession rather than eliminating it.
The article identifies reconciliation mismatches between profit statements, balance sheets, and fund flow statements as a major reason banks return loan files. It stresses the need for internal consistency across all seven CMA statements.
Article highlights how mechanical matching of GSTR-9 tables is leading to unjust GST demands and penalties against honest taxpayers. It argues that annual return reconciliations, DRC-03 payments, and audited accounts are being ignored during scrutiny proceedings.
LLP Form 11 must be filed by every LLP, including inactive or non-operational entities, under the LLP Act, 2008. The guide explains due dates, filing requirements, fees, and penalties for delayed compliance.
The Income-tax Department is increasingly relying on AI-based verification and automated reconciliation systems to detect discrepancies in ITR filings. Mismatches between AIS, Form 26AS, bank records, and ITR disclosures may lead to scrutiny or notices.
The Allahabad High Court criticized the NHRC for closing a custodial death case by relying solely on police reports without independent investigation. The Court directed the CBI to secure missing videography and related evidence.
