Tax News & Updates

Latest updates on GST amendments, Income Tax notifications, and statutory compliance shifts in India.

The MSME 45-Day Payment Rule: A Make-or-Break for Business Deductions

A comprehensive guide to Section 43B(h) of the Income Tax Act, detailing the 15/45-day payment mandate for MSMEs to ensure tax deductibility. Includes compliance checklists and impact analysis.

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Maximizing Tax Savings: A Comprehensive Guide to Claiming HRA by Paying Rent to Parents

Tax Saving Tips

4 min read

Maximizing Tax Savings: A Comprehensive Guide to Claiming HRA by Paying Rent to Parents

This article explores the legal provisions of Section 10(13A) of the Income Tax Act, allowing employees to claim HRA by paying rent to parents. It provides an actionable checklist and compliance steps to ensure tax savings without legal complications.

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Income Tax

4 min read

Income Tax Department Notifies All ITR Forms for AY 2026-27: A Comprehensive Compliance Guide for FY 2025-26

The Central Board of Direct Taxes (CBDT) has issued an early notification for all Income Tax Return (ITR) forms applicable for Assessment Year 2026-27. This guide details the structural changes in ITR-1, the introduction of comprehensive capital gains schedules, and provides a strategic compliance checklist for taxpayers and professionals at Compliance Katta.

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Step-by-Step Guide: CBIC Advisory No. 07/2026 on HSNS Amendment Declaration Filing Procedure

GST

4 min read

Step-by-Step Guide: CBIC Advisory No. 07/2026 on HSNS Amendment Declaration Filing Procedure

The Central Board of Indirect Taxes and Customs (CBIC) has introduced Advisory No. 07/2026, providing a structured mechanism for taxpayers to amend their HSNS declarations. This article explores the procedural requirements, impact on business operations, and a comprehensive compliance checklist for Indian businesses navigating these changes.

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Strict Enforcement of GSTR-10 Final Return Compliance Post-Cancellation: What Taxpayers Must Know

GST

5 min read

Strict Enforcement of GSTR-10 Final Return Compliance Post-Cancellation: What Taxpayers Must Know

Recent GST updates strictly mandate the settlement of final period GSTR-3B interest liabilities through the GSTR-10 Final Return. Non-compliance during the GST registration cancellation process will trigger severe penalties.

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Maharashtra Extends GST Appeal Deadline to June 30, 2026, for Pre-April Orders: A Comprehensive Guide

GST

6 min read

Maharashtra Extends GST Appeal Deadline to June 30, 2026, for Pre-April Orders: A Comprehensive Guide

In a major relief for taxpayers, Maharashtra extends the GSTAT appeal filing deadline to June 30, 2026, for orders passed on or before April 1, 2026. This move aids businesses in managing pending GST disputes seamlessly.

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GST Refund Fraud

4 min read

DGGI Apprehends Mastermind in Massive ₹1,825 Crore GST Refund Fraud

The Directorate General of GST Intelligence (DGGI) has exposed a massive ₹1,825 crore GST refund fraud orchestrated via fake invoicing and identity theft, emphasizing the crucial need for robust vendor KYC and proactive GST compliance.

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Bombay High Court Rules ITC Blocking at SCN Stage Cannot be Summarily Quashed

GST

5 min read

Bombay High Court Rules ITC Blocking at SCN Stage Cannot be Summarily Quashed

The Bombay High Court has ruled that blocking Input Tax Credit (ITC) under Rule 86A cannot be summarily quashed at the Show Cause Notice (SCN) stage. The court noted that challenging the constitutional validity of Section 16(2)(c) is premature at this stage and emphasized that recovery must be preceded by proper adjudication.

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CBIC Extends GSTR-3B Filing Deadline for March 2026 to April 21: A Comprehensive Guide

GST

5 min read

CBIC Extends GSTR-3B Filing Deadline for March 2026 to April 21: A Comprehensive Guide

CBIC extends the GSTR-3B due date for March 2026 to April 21, 2026, providing relief to taxpayers facing GST portal technical glitches.

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Income Tax

6 min read

Income Tax Department Enables Offline Utility for Form 145 and Form 146: Complete Guide

Detailed analysis and compliance guide on the newly released offline utilities for Form 145 and Form 146 by the Income Tax Department for the current assessment cycle.

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Comprehensive Guide to GSTR-1 Monthly Filing: Deadlines, Impacts, and Compliance

GST

5 min read

Comprehensive Guide to GSTR-1 Monthly Filing: Deadlines, Impacts, and Compliance

An essential guide for Indian businesses on filing their monthly GSTR-1 by the 11th of every month. Covers key highlights, impact analysis, and a strict compliance checklist.

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Monthly TDS Payment Guide: Compliance Rules, Due Dates, and Penalties

Income Tax

6 min read

Monthly TDS Payment Guide: Compliance Rules, Due Dates, and Penalties

An exhaustive guide on the monthly TDS payment obligations under the Indian Income Tax Act. It covers statutory due dates, step-by-step payment procedures, impact analysis of non-compliance, and a detailed checklist to ensure seamless tax administration for businesses.

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CBIC Launches Second All-India Drive Against Fake GST Registrations: Key Guidelines & Impact

GST

4 min read

CBIC Launches Second All-India Drive Against Fake GST Registrations: Key Guidelines & Impact

Detailed analysis of CBIC's Instruction No. 02/2024-GST initiating the second special All-India drive to identify and cancel fake GST registrations, featuring risk-based verification to curb ITC fraud.

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Income Tax

5 min read

Demystifying the Income Tax Act, 2025: Objective, Scope, and Transition Guidelines

A comprehensive guide on the transition to the new Income Tax Act, 2025. Learn about the shift from Assessment Year to Tax Year, dual e-filing support, and the handling of legacy proceedings.

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Major Changes Effective 1st April 2026: GST 2.0 and Corporate Law Reforms Explained

GST & MCA

6 min read

Major Changes Effective 1st April 2026: GST 2.0 and Corporate Law Reforms Explained

A comprehensive guide detailing the major regulatory reforms effective from 1st April 2026, including the simplified GST 2.0 structure and the Company Compliance Facilitation Scheme (CCFS-2026) for easing MCA filings.

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Income Tax

4 min read

Cash Deposit Limit & Income Tax Checker 2026: The Ultimate Guide

For FY 2026-27, the Income Tax Department is heavily monitoring high-value cash transactions. Banks must report aggregate cash deposits exceeding Rs 10 Lakh in savings and Rs 50 Lakh in current accounts via SFT. Taxpayers must align deposits with their ITR to avoid scrutiny.

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The Essential Guide to TDS on Partner's Remuneration Under Section 194T

Income Tax

6 min read

The Essential Guide to TDS on Partner's Remuneration Under Section 194T

Navigating the complexities of TDS on partner's remuneration is crucial for every partnership firm. This guide breaks down Section 194T, covering everything from applicability to compliance, ensuring your firm stays tax-compliant.

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Income Tax

2 min read

Furnishing of Income Tax Returns under Income Tax Act, 2025 – Complete Guide (Post 01 April 2026)

Understand how to file Income Tax Returns under the new Income Tax Act, 2025 with due dates, types of returns, and key compliance rules effective from 1 April 2026.

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Income Tax

3 min read

Old vs New Income Tax Act 2025: Tax Payments, Collection & Refunds Explained (2026 Transition Guide)

Understand key differences between old and new Income Tax Act for tax payments, TDS/TCS, advance tax & refunds with simple comparison and diagrams.

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Income Tax

3 min read

General Philosophy of Transition to Income Tax Act, 2025 – What Taxpayers Must Know

A simplified explanation of how India’s new Income Tax Act, 2025 ensures smooth transition, continuity, and ease of compliance from 1 April 2026.

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Income Tax

3 min read

TDS Changes from 1 April 2026 – Old vs New Income Tax Act (Complete Comparison)

TDS provisions from 1 April 2026 explained with complete comparison between old and new Income Tax Act. Know key changes, sections, compliance & transition rules.

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Companies Compliance Facilitation Scheme, 2026 (CCFS-2026): राहत का सुनहरा मौका for Defaulting Companies

Corporate Law

2 min read

Companies Compliance Facilitation Scheme, 2026 (CCFS-2026): राहत का सुनहरा मौका for Defaulting Companies

CCFS-2026 is a golden opportunity for companies to complete pending ROC filings with reduced penalties. Learn eligibility, benefits, and deadlines now.

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Old vs New Tax Regime – What’s the Difference? Complete Guide for AY 2025-26

Income Tax

2 min read

Old vs New Tax Regime – What’s the Difference? Complete Guide for AY 2025-26

Understand the key differences between old and new tax regimes, including deductions, tax rates, and which option helps you save more tax.

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GSTR-3B Filing Issue Feb 2026: Tax Liability Breakup Mandatory Step & Quick Fix

GST Updates

2 min read

GSTR-3B Filing Issue Feb 2026: Tax Liability Breakup Mandatory Step & Quick Fix

GSTR-3B filing stuck? Learn about the new Tax Liability Breakup requirement introduced from Feb 2026 and how to fix the issue quickly.

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GST Advisory: Pre-Deposit Payment Issue in Appeals & Solution Using DRC-03A

GST Updates

2 min read

GST Advisory: Pre-Deposit Payment Issue in Appeals & Solution Using DRC-03A

GST advisory clarifies that payments made through DRC-03 are not automatically considered as pre-deposit while filing appeals. Taxpayers must file DRC-03A to link payments with demand ID and avoid double payment.

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Unpacking Job Work Under GST: A Simple Guide to Section 143

GST Updates

6 min read

Unpacking Job Work Under GST: A Simple Guide to Section 143

Ever wondered how manufacturers send goods for processing without immediate GST? Section 143 of GST is the answer! This guide simplifies job work provisions, making it easy to understand for every business owner and professional.

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HSN Code Requirement: When and How to Use It for Easy Compliance

GST Updates

4 min read

HSN Code Requirement: When and How to Use It for Easy Compliance

Demystify HSN Codes! This guide explains when and how to correctly use HSN codes for GST compliance, ensuring your business stays on track. Simplify your invoicing and tax reporting with clear, actionable insights.

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Bill of Supply vs. Tax Invoice vs. Debit/Credit Note: Your Essential Guide to GST Documents

GST Updates

6 min read

Bill of Supply vs. Tax Invoice vs. Debit/Credit Note: Your Essential Guide to GST Documents

Navigating GST documents can be tricky! This guide simplifies the differences between a Bill of Supply, Tax Invoice, Debit Note, and Credit Note, ensuring your business stays compliant and efficient.

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GST on Advances: The Crucial Difference for Goods vs. Services Explained

GST Updates

5 min read

GST on Advances: The Crucial Difference for Goods vs. Services Explained

Navigating GST on advances can be tricky, especially with different rules for goods and services. This guide clarifies the crucial differences, helping businesses stay compliant and avoid penalties.

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Decoding Reverse Charge Mechanism (RCM) in GST: When the Recipient Becomes the Taxpayer

GST Updates

6 min read

Decoding Reverse Charge Mechanism (RCM) in GST: When the Recipient Becomes the Taxpayer

Ever wondered why sometimes the receiver of goods or services pays GST instead of the seller? Dive into the Reverse Charge Mechanism (RCM) in GST to understand this unique tax liability shift and its implications for your business.

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Decoding Blocked GST Credits: What Input Tax Credit (ITC) You CANNOT Claim Under Section 17(5)

GST Updates

5 min read

Decoding Blocked GST Credits: What Input Tax Credit (ITC) You CANNOT Claim Under Section 17(5)

Confused about which GST credits you can claim? Section 17(5) outlines 'blocked credits' – specific expenses where you cannot claim Input Tax Credit. Understand these rules to ensure GST compliance and avoid penalties.

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Unlock Your Savings: A Simple Guide to Input Tax Credit (ITC) Conditions Under GST Section 16

GST Updates

5 min read

Unlock Your Savings: A Simple Guide to Input Tax Credit (ITC) Conditions Under GST Section 16

Navigating Input Tax Credit (ITC) can be complex, but it's crucial for your business savings. This guide simplifies Section 16 of GST, outlining every condition you need to meet to claim your tax credits effectively.

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Unlocking the Value of Supply: Inclusions, Exclusions, and Related Party Rules

GST Updates

6 min read

Unlocking the Value of Supply: Inclusions, Exclusions, and Related Party Rules

Deciphering the "Value of Supply" is critical for accurate tax compliance. This guide breaks down what must be included and excluded, alongside the special rules for valuing transactions between related parties.

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Time of Supply: Unraveling When Your GST Liability Kicks In

GST Updates

6 min read

Time of Supply: Unraveling When Your GST Liability Kicks In

Navigating GST compliance requires a clear understanding of 'Time of Supply.' This crucial concept determines the exact moment your GST liability arises, impacting your cash flow and compliance. Master the rules for goods and services, and avoid penalties.

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Mastering Place of Supply Rules: Your Essential Guide to Interstate vs. Intrastate Transactions

GST Updates

6 min read

Mastering Place of Supply Rules: Your Essential Guide to Interstate vs. Intrastate Transactions

Navigating tax compliance requires a clear understanding of Place of Supply Rules. This guide breaks down how to differentiate between interstate and intrastate transactions, ensuring you apply the correct taxes and avoid costly errors.

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Composite Supply vs. Mixed Supply: Unraveling GST Tax Treatment with Real-World Cases

GST Updates

5 min read

Composite Supply vs. Mixed Supply: Unraveling GST Tax Treatment with Real-World Cases

Differentiating between Composite and Mixed Supply is crucial for GST compliance. This guide breaks down their tax treatment with clear examples, helping businesses avoid costly errors and ensure accurate tax calculations.

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Unpacking 'Supply' Under GST: A Deep Dive into Section 7 with Practical Examples

GST Updates

8 min read

Unpacking 'Supply' Under GST: A Deep Dive into Section 7 with Practical Examples

The concept of 'supply' is the cornerstone of GST, determining taxability. This guide unravels Section 7 of the CGST Act, explaining what constitutes supply, even without consideration, and what activities are excluded, all with practical examples.

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GST News

4 min read

Crucial Updates on GSTR-3B Deadlines

New notifications regarding interest calculations on late GST payments have been released. Understand the impact on your business cash flow.

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Income Tax

6 min read

Old vs New Tax Regime: Which to Choose?

With the latest budget changes, the New Tax Regime has become the default. Should you opt-out? We analyze the math.

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The Ultimate GST Compliance Guide for Indian Business Owners

GST News

5 min read

The Ultimate GST Compliance Guide for Indian Business Owners

A comprehensive roadmap for entrepreneurs to navigate GST registration, monthly filings, and Input Tax Credit (ITC) optimization while avoiding common statutory pitfalls.

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