AAYUSH GULATI

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia TDS challan deposited on 26-09-2026) for TAN is still not reflecting on TRACES. The matter has been shared with [email protected]. With the Tax Audit due date near, kindly treat this as urgent. #TRACES #TDS

[AAYUSH GULATI @aayush467]

@BMHSRPCC I think you have got it wrong. I just want an opinion about this. I have still not disclosed hsrp license supplier/vendor. I have tagged two other suppliers too. Is it ok if I receive license plate like this?

[AAYUSH GULATI @aayush467]

@BMHSRPCC @Shimnit_India @HsrpNpo @MORTHIndia Just want an opinion from leading HSRP platforms and ministry that is it normal to receive hsrp plates in this condition? Is it common practice? Can i be fined for any kind of violation? A car dealership assured everything's ok.

[www.jugaadkings.com @jugaadkings]

GST Portal not Show March 26 return today at 11:00 AM Dt 11-04-26.
Technical issue faces extend GST Due Dates Urgent.
@cbic_india @FinMinIndia @nsitharaman @rashtrapatibhvn @PMOIndia @Infosys_GSTN @IncomeTaxIndia

[AAYUSH GULATI @aayush467]

Indian Women's Cricket Team clinching their first World Cup was apparently not front page material for the printed Meerut Edition of @AmarUjalaNews . A small mention was there as a consolation.

#ICCWomensWorldCup2025 #IndianCricket #WomenInBlue #WomenEmpowerment

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia
Another case of error while filing FORM 10E where it ask to update address under My Profile. Still the change is not reflected when profile is being updated. No resolution of earlier case and second case too emerged. Who would be responsible for late fees?

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia
Raised grievance bearing ack no 22932779 in which i am unable to file FORM 10E as it states to update address in my profile, still each time it picks old incomplete address. Deleted old draft, updated address many times. Also wrote to [email protected]

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia Traces portal not working. Unable to login.

[AAYUSH GULATI @aayush467]

@ViswanadhaKamal +1

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia It would be in interest of department and Public if they increase time to revise tds returns from 2007 to 2018, since Traces portal had numerous issues in last few days.

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia Traces portal not working. Cleared cache already and tried different networks. If some maintenance work is going on kindly inform.

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia Traces portal inaccessible currently.

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia Another case of TDS deposited through Book Entry but not reflected on TRACES for FY 2014-15 has been shared over the mail. Kindly do the needful. Also thank you for speedy resolution in case of previous complaints.

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia @IncomeTaxIndia Thank you so much for speedy resolution!

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia Since 31st March is the last date for correcting old TDS returns, we have written to [email protected] for problem of TDS paid through Book Entry not being shown under our TAN for March 2014. Kindly look into this and act accordingly.

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia Multiple days have passed since we wrote to [email protected] for rectification of TDS challan details paid through Book Entry. Since 31st March is the deadline for correction of TDS returns uptil FY 2018-19, the matter needs urgent consideration.

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia No progress has been made in this regard. Again, writing a mail to [email protected]. Total 6 instances of pending returns for the same deductor.

[AAYUSH GULATI @aayush467]

@IncomeTaxIndia
TDS Returns' processing taking unsually longer time. Already mailed to [email protected]. Kindly look into this.

[Abhas Halakhandi @AbhasHalakhandi]

🚨 Practical Analysis of Negative Liability Statement for Regular Taxpayers -Imp. read for GSTR-3B Filers!!

New Facility Overview:
📌Available from Sep GSTR-3B filing
📌Negative amounts can now be entered in Outward Tax Liability
📌Upon successful set-off and filing with a negative tax liability, this amount is transferred to a separate Negative Liability Statement.
📌Can be used to offset tax liabilities in that particular head in any future period when positive tax liability arises
[PIC-1]

Benefits:
📌This facility maintains the negative balance separately on the portal, so taxpayers don’t need to keep track of negative liabilities awaiting future positive liabilities in the same head.
📌According to GSTR-3B rules, adjustments of one financial year can be made until Nov 30 of the next FY. With this new feature, once the negative liability balance is created, it can be adjusted with future positive liability at any time in future, as there is no time restriction.

Key Observations:
📌Negative liability has no relation to ITC; it does not impact ITC and only adjust with future positive outward liabilities.
📌Negative liability created under one head will be used to offset positive liability in the same head.

Current Issues on the Portal @Infosys_GSTN
When negative liability in IGST is entered in Table 3.1, system throws an error that IGST in Table 3.2 cannot exceeds IGST in 3.1. [PIC-2]
In given case Table 3.1 has IGST -₹923 and IGST in Table 3.2 is 0, the system throws an error. It’s crucial to note that Table 3.2 entries are only for interstate supplies to unregistered persons or composition dealers, not B2B transactions. In majority cases Negative liability of IGST gets created due to B2B transactions (Credit Note due to Sales return or other reasons. In such cases no entry need to be done in Table 3.2 and System shall not throw this error. @Infosys_GSTN shall urgently look into the matter as majority taxpayers were not able to use this facility due to the mentioned error.

Request readers to please share views & experience as well related to Negative Liability Statement 🙏