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CAG Flags GSTN Validation Gaps and Works Contract Tax Deficiencies
Discover how the latest CAG audit exposes critical GSTN validation gaps and tax compliance failures that threaten Indias revenue collection efficiency.
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ICAI Releases Clarifications on GSTR-3B Table 4(A) Input Tax Credit Reporting
Master the new ICAI guidelines on GSTR 3B Table 4A input tax credit reporting to resolve auto-population errors and ensure accurate tax compliance.
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Understanding GST Limitation Periods: Sections 73, 74, and 74A Explained
Master the critical GST limitation periods under Sections 73, 74, and 74A to ensure compliance and understand statutory timelines for show cause notices.
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IFSCA Updates AML/KYC Guidelines with FINgate 2.0 Reporting
The International Financial Services Centres Authority (IFSCA) issued a significant regulatory update on August 3, 2026, revising its existing Anti-Money Laundering and Countering the Financing of Terrorism frameworks. The new…
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ITAT Remands Section 80GGC Claim as Political Donation Verification Was Incomplete
The ITAT has remanded an 80GGC political donation claim for re-verification due to incomplete bank transaction details, impacting taxpayers.
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ITAT Ruling Clarifies Tax Audit Errors Do Not Justify Automatic Disallowances
The Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling, determining that a tax audit report containing erroneous figures cannot serve as the sole legal basis for invoking disallowances…
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Digital Transformation in Tax Audits: Excel-Based Solutions Streamline Compliance Reporting
The Shift Toward Standardized Audit DocumentationAs the fiscal year concludes, tax professionals and business owners across India are increasingly adopting standardized Excel-based working sheets to navigate the complexities of tax…
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GST Annual Compliance Review 2025-26: Critical Deadlines and Strategic Rectification
As the fiscal year 2025-26 approaches its close, businesses operating in India face a critical window to rectify Goods and Services Tax (GST) reporting discrepancies before the statutory deadline of…
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Supreme Court Stays Allahabad High Court Ruling on GST Portal Communication Standards
Supreme Court stays Allahabad High Court's ruling on GST portal communication, impacting tax appeal deadlines and procedural norms nationwide.