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GSTR-9C FY25: Table 12B Redundant and Table 12F Mismatch

April 23, 2026 5667 Views 0 comment Print

Learn why bank loans are rejected due to poor documentation, weak financials, and unclear business models. Discover practical solutions to improve approval chances.

Delay in reporting outstanding receipts & loans in DPT-3: MCA levied Penalty

April 22, 2026 6726 Views 0 comment Print

Failure to file the one-time DPT-3 return within the prescribed timeline resulted in penalties under Section 450. The authority held that delayed compliance, even if later rectified, constitutes a violation. The case highlights strict adherence to deposit reporting requirements.

₹8 Crore Penalty Imposed for Failure to Maintain Separate Bank Account in Private Placement

April 22, 2026 9924 Views 0 comment Print

The case involved non-compliance with Section 42 requirements during a private placement. The authority imposed maximum penalties, stressing that designated accounts must meet strict statutory standards.

CBIC extends due date of March GSTR-3B to 21st April 2026

April 21, 2026 10005 Views 1 comment Print

CBIC extends due date for filing March 2026 GSTR-3B to April 21, 2026, for registered persons under Section 39 of the CGST Act.

GST Introduces IMS Offline Tool to Simplify Bulk Invoice Management

April 21, 2026 4209 Views 0 comment Print

The GST portal launches an Excel-based IMS Offline Tool to help taxpayers efficiently manage and process invoices. It enables bulk actions, reduces manual effort, and improves compliance accuracy through structured validation and upload features.

DIR-3 KYC Delay Now Costs ₹5,000 and amendement costs ₹500

April 21, 2026 11202 Views 0 comment Print

The issue concerns compliance delays in director KYC filings. The amendment imposes a ₹5,000 penalty for late submission, reinforcing timely regulatory compliance.

Mastermind Arrested for ₹1,825 Crore GST Refund Fraud via Fake ITC & Bogus Exports

April 21, 2026 23586 Views 1 comment Print

Authorities arrested the key accused for orchestrating fake ITC claims and fictitious export transactions. The case highlights strict enforcement against large-scale GST refund fraud using shell entities.

Computerization of Form 121 (Earlier Form 15G & Form 15H)

April 21, 2026 21552 Views 0 comment Print

A new digital framework is suggested to replace manual Form 121 processes and streamline TDS exemption declarations. The proposal highlights improved efficiency, accuracy, and centralized monitoring.

TDS under Income Tax Act 2025: New Sections, Same Rates, Zero Confusion

April 20, 2026 36228 Views 0 comment Print

The new law reorganizes TDS provisions into simplified sections and forms. The key takeaway is that rates remain unchanged, but compliance requires system updates.

GST Notices for Multiple Years Allowed? Bombay HC Refers Issue to Larger Bench

April 20, 2026 7590 Views 0 comment Print

The court examined whether consolidated GST show-cause notices across financial years are valid. It found no clear statutory bar but referred the issue to a larger bench due to conflicting precedents.

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