This update summarizes the latest GST advisories issued during June 2026, including changes relating to E-Way Bills, GSTAT procedures, and Show Cause Notices. Taxpayers should review these updates to ensure timely compliance and smooth GST filings.
ICSI has urged the Government to amend the law to allow Company Secretaries in Practice to appear before DRTs and DRATs. It argues that their expertise in corporate law, insolvency, and restructuring justifies statutory recognition.
ICSI has urged the MCA to ensure eligible companies comply with Section 203 by appointing Whole-time Company Secretaries. The representation emphasizes that contractual appointments do not satisfy the legal requirement and undermine corporate governance.
Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The guide also explains the transition from AAR to the Board for Advance Rulings and the e-Advance Ruling Scheme.
The article examines whether Section 58(3) of the Income-tax Act, 2025 makes tax audit compulsory whenever profits fall below 6%, regardless of turnover. It concludes that a harmonious interpretation suggests taxpayers should continue to be governed by the normal thresholds under Sections 62 and 63, though legislative clarification is needed.
Learn when senior citizens must file an Income Tax Return, who qualifies for the age-75 exemption, and how Form 125 works. The guide also explains document preparation, choosing the correct ITR form, and avoiding common filing mistakes.
A representation seeks extension of the GSTAT appeal filing deadline to 31 December 2026, citing persistent technical issues on the e-filing portal. It argues that taxpayers should not lose their statutory right of appeal due to system failures.
Learn the twelve most common GSTR-9 and GSTR-9C reconciliation errors for FY 2025-26, including ITC mismatches, turnover differences, and reverse charge issues that can trigger GST notices.
Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due date, and penalties for non-compliance. This guide explains the key compliance requirements for businesses and professionals.
The Calcutta High Court held that prepayment charges, commitment charges and processing fees formed part of the recoverable debt under the lending arrangement. The bank was therefore entitled to retain the pledged FDR until all contractual liabilities were discharged.
