Blog – Page 43 – smeaccountant

New GSTN Advisory on GSTR-3B Interest Re-computation

The Goods and Services Tax Network recently issued a significant advisory regarding the re-computation of interest for taxpayers filing GSTR-3B under Table 5.1. This development comes as a major relief…

Prasenjit Bhowmik April 18, 2026

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Taxpayer’s Selection of ‘No’ for a Personal Hearing Cannot Override the Statutory Requirement of Granting a Hearing: High Court

The judiciary has recently delivered a pivotal clarification regarding the rights of taxpayers under the GST regime. The High Court ruled that selecting the 'No' option for a personal hearing…

Prasenjit Bhowmik April 17, 2026

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GST Authorities Cannot Combine Company and Director Liability: Court Orders Separate Proceedings

In a landmark ruling, the High Court has clarified that GST authorities cannot issue a single, composite liability order against both a company and its director. This decision emphasizes that…

Prasenjit Bhowmik April 17, 2026

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🚨 Major Update: Decoding the 12% Surcharge on Promoter Buybacks | Finance Bill 2026

The Lok Sabha has officially passed the Finance Bill, 2026, introducing landmark changes to the taxation of share buybacks. If you are a Company Promoter or a High-Net-Worth Investor, this…

Prasenjit Bhowmik March 27, 2026

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Key Income Tax Changes in India for 2026

India’s income tax framework is undergoing significant changes this March, with crucial deadlines converging and the new Income Tax Act, 2025 set to take effect from April 1, 2026. Taxpayers,…

Prasenjit Bhowmik March 15, 2026

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Physical Service of SCN Mandatory After GST Registration Cancellation

In Sun Infrasite Pvt. Ltd. v. State of U.P. & Ors. (Allahabad High Court, January 19, 2026), the court ruled that physical service of a Show Cause Notice (SCN) is…

Prasenjit Bhowmik March 1, 2026

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Impact of Bombay High Court Ruling on GST Summons for Taxpayers

The Goods and Services Tax (GST) regime in India has often raised questions about the scope and implications of summons issued by tax authorities. For many taxpayers, receiving a summons…

Prasenjit Bhowmik February 15, 2026

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GST 2.0: A Landmark Reform in India’s Indirect Tax System

The Goods and Services Tax (GST) in India has undergone its most significant transformation since its inception in 2017. Following the 56th GST Council meeting, the government rolled out GST…

Prasenjit Bhowmik February 15, 2026

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Union Budget 2026 GST Amendments Integrated into GST Portal: Key Reforms for Businesses

The Goods and Services Tax (GST) regime in India continues to evolve with regular updates and reforms. The Union Budget 2026 introduced several significant GST amendments that have now been…

Prasenjit Bhowmik February 15, 2026

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Unified Notices and Orders Tab in GST Portal: Simplifying Compliance for Taxpayers

The Goods and Services Tax (GST) regime in India has always emphasized transparency and digital compliance. However, taxpayers often faced challenges navigating the GST portal due to multiple tabs for…

Prasenjit Bhowmik February 15, 2026