🚨 #TaxAudit DEADLINE UPDATE
The Tax Audit deadline debate has now reached the Rajasthan High Court.
📅 Hearing: 25th September 2026
The plea seeks more time to file the Tax Audit Report for AY 2026-27.
May athiest clan grow in India !!
Jio mere Gen-Alpha !
In santro ki Gen-Z se hi itni gaan fat rahi hai, toh Socho Gen-Alpha Inka kya hi Karengi !
Thank you pandit Nehru for sowing the seeds of scientific temper 🙏
So if a Indian passport holder is caught in a foreign country in an illegal activity, the Indian Govt could maintain the stance that he isn't Indian. Indian Embassy there might deny them any help.
Why GSTIN still treats my seven year old TIN no. as temporary. Regularly filing monthly returns always 1-2 days before the due date? What's the logic here. Temporary shown in 3B tax payment acknowledgement mail heading.
Retweet For Support
Rule 86B 1% GST Payment by Cash Ledger Condition Amnesty Needed
Thousands of compliant businesses are facing penalties under Rule 86B due to procedural lapses and liquidity issues.
A one-time amnesty scheme would:
✔️ Reduce litigation
✔️ Improve compliance
✔️ Support MSMEs
✔️ Ease working capital stress
Kindly consider relief for genuine taxpayers.
@cbic_india
Ram Bajaj
8696424223
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@AnsHi_0X RBI has given banks a free hand to levy charges left, right and centre. These banks which are milked by big corporates in turn loot smaller traders, individuals and likes. They change the account type randomly w/o even informing the acc holder to impose bank chg. Pure loot.
Hey All CAs who r dealing with SME traders, don't your clients face " Cash Deposit Charges" by banks? Is it left to the Bank's discretion by RBI to charge whatever they like ? These pvt banks like ICICI & HDFC charge hefty amount. I have faced this chg from both banks.
OUR FIRST OFFICIAL PRESS BRIEFING
Journalists may kindly take note:
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• We believe democracy works best when citizens ask questions fearlessly. RTI, public data, audits, field research, and facts will be our strongest weapons.
• We are not launching a party for elections alone , we are building a movement for students, youth, workers, women, senior citizens, and every honest taxpayer.
• Merit must never die. We support a fair system with strong affirmative action that uplifts the weak without destroying excellence.
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• Every babu and every neta must be accountable. Power without accountability is corruption in slow motion.
• We will publish data-backed report cards of governments instead of emotional propaganda.
• We will question every government equally , ruling or opposition ,based on facts, not ideology.
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• Nationalism without development is noise. Development without justice is incomplete. We want both.
• We believe educated citizens are stronger than blind supporters.
• We will promote scientific thinking, constitutional values, and policy-based debates instead of hate campaigns.
• Corruption is not just theft of money , it is theft of opportunities from ordinary people.
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• We want governance that works quietly and efficiently, not governance that survives only on slogans and PR campaigns.
• The future belongs to skilled youth, researchers, innovators, and entrepreneurs , not dynasty politics.
• We are not anti-government or anti-opposition. We are pro-citizen.
• This is not a launch of another political brand. This is a demand for responsible politics.
@R_N_Vaghani@maryawaquar@Infosys_GSTN I never depend on the GST portal on last days for the last 3-4 years. Ye kab pareshan karega koi nahi kah sakta. As I myself file my R1 and 3B, I consider Due dates as 9th and 18th. Better be safe than sorry.
🚨Practical issue in Tobacco and other MRP based goods w.e.f. 1.2.2026
Example in Advisory issued:
RSP: Rs1,00,000
GST Rate: 40%
Tax payable: Rs 28,571 [1 lac*40/140]
Deemed value: Rs. 71,428
Actual sale consideration : Rs.60,000
Invoice value : 88,571
As per GSTN advisory, taxpayer is expected to report the actual sale value in GSTR-1 (60000) as Taxable Value and manually edit the auto calculated Tax value to 28571on the basis of the deemed value.
However, in the offline utility, a practical difficulty arises. The utility calculates tax directly from the taxable value entered by the taxpayer. Therefore:
📌if actual sale value of ₹60,000 is entered, tax is calculated on ₹60,000 only, which is not as per the advisory
📌if deemed taxable value of ₹71,428 is entered, tax of ₹28,571 at 40% is correctly calculated, but the actual sale consideration of ₹60,000 is not reflected.
Thus, as of now, a taxpayer using the offline utility has only one practical option: to enter the deemed taxable value so that correct tax is computed, while ignoring the actual sale value in return reporting.
@Infosys_GSTN@cbic_india may kindly acknowledge this practical issue and provide a separate field for deemed taxable value in the offline utility & online too,so that both actual sale value and the deemed value can be reported correctly in line with the advisory.
Request professionals to comment if they are facing the same issue @CA_HarshilSHETH