KNOWLEDGE HUB
Mandatory Annexure-B Utility Introduced by GSTN to Streamline ITC Refund Verification
A significant procedural reform aimed at reducing manual errors and expediting the processing of Input Tax Credit refund claims under GST. May 19, 2026· GST Compliance· Tax Policy ·8 min read Background and Context The Goods and Services Tax Network (GSTN) has taken a...
GST ITC as a Vested Right: The RCM–Refund Model as a Comprehensive Constitutional Solution to the ITC Conundrum
GST & Constitutional Tax Desk Peer-reviewed · Indirect Taxes · GST Litigation & Policy India's GST framework promised seamless credit. Yet across five provisions — Section 16(2)(c), the broader Section 16(2) conditions, Section 74A (fraud-linked...
DGFT Restricts Import of Silver Bars: What It Means for India’s Bullion Market
Trade Policy · Breaking India shifts high-purity silver bars from "Free" to "Restricted" import status, requiring prior government authorisation — a sweeping move aimed at curbing a runaway import bill and shielding the rupee. 📅 May 18, 2026🏛 Ministry...
Practical Frequently Asked Questions(FAQs) on Filing GSTR-3B
GSTR-3B is a monthly or quarterly self-declared summary return filed by every GST-registered taxpayer under Section 39 of the CGST Act, 2017. It covers outward supply details, ITC availed, and tax payable/paid. Below are 15 detailed FAQs covering every critical aspect...
Formal Representation to CBDT: Ensuring Timely Availability of ITR E-Filing Utilities for AY 2026-27
Submitted to: The Chairman, Central Board of Direct Taxes (CBDT), Ministry of Finance, Government of India Subject: Urgent Representation for Early and Timely Release of Income Tax Return (ITR) E-Filing Utilities for Assessment Year 2026-27 Date: May 2026 Executive...
How Section 76 of the GST Law Protects Bona Fide Purchasers from ITC Denial
GST LAW — LEGAL ANALYSIS A Comprehensive Legal Commentary on Taxpayer Safeguards Under the CGST Act, 2017 Abstract The denial of Input Tax Credit (ITC) to genuine buyers on account of supplier default remains one of the most contentious issues in Indian GST...
RBI Revokes Banking Licence of Sarvodaya Co-operative Bank Ltd., Mumbai
By Financial Desk | May 13, 2026 Overview In a decisive regulatory action, the Reserve Bank of India (RBI) has cancelled the banking licence of Sarvodaya Co-operative Bank Ltd., Mumbai, with immediate effect. The central bank's move signals its continued resolve to...
Common Issues Raised in GST(Goods And Services Tax) Department Audit 2026
GST Compliance Intelligence · India · May 2026 Departmental Audit · Special Analysis An authoritative guide to the objections, demands, and...
ITR Filing AY 2026-27: New Changes, Due Dates & Forms
A comprehensive guide to every deadline, form, and Budget 2026 amendment every Indian taxpayer must know before filing AY 2026–27 · ...
Invoice Management System (IMS) under GST
Tax Compliance GST India Updated for FY 2025–26 "The Smart Invoice Desk — How India's GST Portal Lets Taxpayers Accept, Reject, or Defer Inward Supply Records" The Invoice Management System (IMS), launched by the GSTN in...