The advisory clarifies that from November 2025, auto-populated values in Table 3.2 of GSTR-3B cannot be manually edited. Any corrections must be made through GSTR-1A, which will instantly update the figures.
The advisory explains that registrations will be automatically suspended if bank account details are not furnished within 30 days. It highlights the process for updating details and restoring registration.
Explains why massive penalties were introduced under the new data protection law and highlights the compliance duties, rights, and enforcement framework that organisations must follow.
Explains the most common EWB errors and how they lead to Section 129 detention and penalties. Key takeaway: small documentation lapses turn into major compliance risks.
ITC availed for FY 2023-24 but reversed or claimed in FY 2024-25 must be reported in Table 6A1 of GSTR-9. Reversals from prior years are excluded from Table 7, ensuring accurate reconciliation.
Explains how auto-populated tax paid entries from earlier years distort the short/excess payment figure in Table 9. Highlights the need for clarification and interim reconciliation steps.
ROC Vijayawada imposed a penalty on the statutory auditor for not qualifying the report on uncharged depreciation, highlighting accountability under Section 143(3) of the Companies Act.
ITAT Ahmedabad ruled that a notice under section 148 issued beyond the statutory period is invalid, quashing a ₹115 crore reassessment of a share-trading company. The Tribunal emphasized adherence to “surviving time” limits, making the reassessment void.
Covers the week’s most important regulatory changes across tax, customs, DGFT, SEBI, RBI, and labour laws. sweeping updates affecting trade, markets, banking, and employment.
Justo Realfintech Limited and its directors fined for failing to keep application money in a separate bank account under Section 42(6) of the Companies Act.
