Nitin Rawal

[Singh Varun @singhvarun]

🚨 Important Update for Mumbai Passport Applicants!
Starting July 02, 2026, if your Passport or PCC application is pending for more than 45 days, you can visit RPO Mumbai (Videsh Bhavan, BKC) for walk-in entry (no prior/online appointment needed).
Timings: 9:00 AM - 11:00 AM on working days (except Wednesdays).
Also applicable to:
• Diplomatic & Official passports
• Redispatch requests (undelivered)
• Surrender of Indian Passport (foreign citizenship)
• Closure of pending applications
Those with future appointments can also avail this if pending >45 days.
Spread the word! ✅
#MumbaiPassport #PassportUpdate #RPO_Mumbai #MEA

[Tax Guru @taxguru_in]

Can you claim capital gains exemption if the new house is bought in your spouse's name? Courts are divided. Some deny the benefit, while others allow it if the investment is entirely from the taxpayer's funds. Buying in your own name remains the safest tax approach. https://t.co/SVg1Fx1uv1

[CA Bimal Jain @BimalGST]

Income tax scrutiny rules explained: Why June 30 is an important date for ITRs

Read More at: https://t.co/6g4jdBqlNM

[Ministry of Corporate Affairs @MCA21India]

📢 Companies Strike off Update – May 2026

View the monthly data on Companies Struck off under Section 248(2) of Companies Act, 2013.

🔍 Visit https://t.co/A6LwlU5CNP → Data & Reports → Company/ LLP Information → Incorporated Or Closed During The Month → Companies/LLPs Struck off/Closed → Companies struck off/closed u/s 248(2) of Companies Act, 2013 May 2026

#MCA #StruckOffUpdate #CompaniesAct2013 #CompanyClosure #Section248 #May2026Update

[Tax Guru @taxguru_in]

GSTN has updated e-Invoice & e-Way Bill APIs from 1 Aug 2026. Ship-to GSTIN becomes mandatory (where EWB is required), “URP” allowed for unregistered consignees, and a new voluntary e-Way Bill closure facility is introduced. Test systems in Sandbox now. https://t.co/GYzc8fZif9

[Abhishek Raja "Ram" @abhishekrajaram]

Mistakenly claiming eligible IGST credit under CGST and SGST categories is a technical error, not a wrongful availment of Input Tax Credit (ITC), provided no revenue loss occurred. Kerala High Court view the electronic credit ledger as a unified fund, allowing for such rectification without penalties.

M/s Grand Hyundai vs State Tax Officer, Kerala[Writ Petition (C) No. 499/2025; 08-Jan-2025]

Earlier judgment Rejimon Padickapparambil Alex vs Union of India upheld. (2025) 93 GSTL 23 (Kerala)

An assessee had an assessment order imposing liability under Section 73 for allegedly utilising excess Input Tax Credit (ITC) because they availed IGST credit under the CGST and SGST heads. The assessee challenged this order. During the appeal, the Kerala High Court's ruling in Rejimon Padickapparambil Alex v. Union of India [2024] 169 taxmann. com 152 (Kerala)/[2025] 107 GST 483 (Kerala)/[2025] 93 GSTL 23 (Kerala) was brought up.

This ruling stated that the electronic credit ledger is like a wallet with different compartments for IGST, CGST, and SGST, and merely availing IGST credit under CGST and SGST heads does not constitute "wrong availment" of ITC if the assessee was genuinely eligible for the credit and no revenue loss occurred.

The assessee argued that this principle directly applied to their case. However, the court stated that since the appeal against the assessment order was still pending, they could not directly interfere with the impugned assessment order at that stage.

[CS Jigar Shah @FCSJigarShah]

So it started already.. extension of due date for #DPT3 announced (relaxation of additional fees)

Extended due date is now July 31, 2026

#CSTwitter

[CA Himank Singla @CAHimankSingla]

Yes. We always give an Observation in Para 5 of Form 3CB.

The assessee has provided depreciation on Property, Plant and Equipment (PPE) at the rates prescribed under the Income-tax Act, 1961, rather than on the basis of their estimated useful lives as required by Accounting Standard (AS) 10 'Property, Plant and Equipment', issued by the Institute of Chartered Accountants of India.

The assessee has not maintained records of the estimated useful lives of individual PPE. Further, no technical assessment or management estimate of useful lives has been made available to us. In the absence of the necessary records and estimates relating to the useful lives of Property, Plant and Equipment (PPE), it is impracticable to reliably quantify the impact on the depreciation expense, carrying amount of PPE, and the net profit.

[CA Bimal Jain @BimalGST]

Penalty Order Without SCN Violates Natural Justice, Liable to be Quashed

Read GST Newsletter at: https://t.co/gPCwQCZowk

[CA Bimal Jain @BimalGST]

Can GST Notices Be Validly Served Just by Uploading on Portal?: SC stays Allahabad HC GST Ruling

The Hon’ble Supreme Court in State of Uttar Pradesh & Anr. v. M/s Bambino Agro Industries Ltd. & Anr. [Special Leave Petition (Civil) Diary No. 11683 of 2026 dated May 29, 2026] stayed the operation of the impugned judgment of the Hon’ble Allahabad High Court which had held that mere uploading of show cause notices and adjudication orders on the GST Common Portal does not amount to valid “communication” under Section 107 of the Central Goods and Services Tax Act, 2017 / Uttar Pradesh Goods and Services Tax Act, 2017 (“CGST Act” / “SGST Act”) for triggering the period of limitation to file an appeal, and further held that the deeming fiction of constructive service under Section 169(2) and (3) is not available with respect to service effected through e-mail or through the Common Portal under Section 169(1)(c) and (d). The Hon’ble Supreme Court, while issuing notice returnable after ten weeks, granted stay of the impugned order till the next date of hearing.

Read Complete GST Newsletter at: https://t.co/GTKYUmCXPt

[Taxation Updates (CA Mayur J Sondagar) @TaxationUpdates]

📘 GSTAT Appeals – Procedure & Practice Module

Just went through this excellent 62-page practical guide by B. Venkateswaran, IRS (Retd.)

It doesn't merely discuss law—it walks professionals through the entire GSTAT journey:

✔️ Maintainability & Bench Allocation
✔️ Limitation — The Transitional Rules
✔️ Pre-deposit Computation & Payment
✔️ Form APL-05 e-filing process
✔️ Drafting the Memorandum of Appeal
✔️ Document Compilation & Certification
✔️ Registry Scrutiny & Defect Cure
✔️ Stay of Recovery — Section 112(9)
✔️ Cross-Objections & Hearing Procedure
✔️ Orders, Rectification & Further Appeal
✔️ Common mistakes that lead to dismissal
✔️ Forms & Glossary — Quick Reference
✔️ GSTAT Filing Templates — Full Document Set

A ready reckoner for every GST practitioner handling GSTAT matters.

Kudos to Shri B. Venkateswaran Sir @beevenkat for converting complex GSTAT procedures into a practitioner-friendly handbook.

PDF Link
https://t.co/uCBQRGuLbS

#GST #GSTAT #GSTAppeals
@FinMinIndia @cbic_india

[Income Tax India @IncomeTaxIndia]

Responsible businesses build trust.

Filing your Income Tax Return (ITR) reflects responsible compliance and financial discipline. It also creates a credible financial record that can support your business in accessing finance and unlocking growth opportunities.

Don't wait, File your ITR before the due date.

👉 https://t.co/fEQg3SDHYj

@nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

[Atul Modani @atulmodani]

#ITAT pardons 13 year delay, revives South Mumbai society's tax benefit claim

#Incometax

Story by @LubnaKtoi

[Income Tax India @IncomeTaxIndia]

Kind Attention Taxpayers!

Online filing and Excel Utility for ITR-3 for A.Y. 2026–27 is now enabled on the e-Filing portal.

https://t.co/cEiDhzUMQI

[CA Bimal Jain @BimalGST]

No ITC be denied solely for absence of lorry receipts and e-way bills where supplier was registered and tax stood discharged

Read GST Newsletter at: https://t.co/qfeDHoVct6

[Shridhar Shah @ca_shridhar]

I am excited to share that I have conceptualized the inaugural edition of "AI Edge for Tax Professionals" - a new fortnightly newsletter by the Income Tax Bar Association (@ITBA_abad )! 🚀

Designed specifically for tax professionals, this edition dives into practical AI applications to help us stay ahead in this transformative era.

It covers:
What's happening in the world of AI
One powerful AI tool
A practical tip for efficient use
Real-world use cases for our practice

Grateful to ITBA President @cashivambhavsar for this initiative.
Read it at https://t.co/zQSdrOGN97

Would love to hear your thoughts! How are you leveraging AI in your tax practice?

#AIinTax #TaxProfessionals #CACommunity #ITBA #AIAutomation

[CA Rajendra Sharma @carajendra89]

TDS & TCS Compliances - Income Tax Act 2025 vs Income Tax Act 1961

[CA Rajendra Sharma @carajendra89]

⚠️ *TRACES Challan Correction — Important Update for FY 2026-27*

If you deposited TDS challan in FY 2025-26 (under old IT Act 1961) but it belongs to FY 2026-27 (new IT Act 2025) - here's how to correct it👇

✅ The new TRACES portal for Income Tax 2025 compliance does NOT yet support challan correction.

✅ Use the OLD TRACES portal (IT Act 1961) to submit correction:
• Go to Statement / Payment › Request for OLTAS Challan Correction
• Existing FY: 2025-26 → New FY: 2026-27
• Confirm & Submit

📸 Screenshots of the process attached.

[Tax Guru @taxguru_in]

ITAT Ahmedabad upheld denial of Section 80GGC deduction where search material showed the political party was part of a bogus donation racket. Mere cheque payments and donation receipts cannot establish genuineness when evidence points to accommodation entries. https://t.co/yX6XKUS0BT

[V S Vadivel FCA @vsvadivelfca]

The ICAI's Revised Code of Ethics (13th edition), 2026 (Volumes I, II & III) will be effective from April 1, 2026.

All ICAI members and firms are expected to familiarize themselves with and adhere to this revised code to uphold ethical standards.

This will strengthen the CA profession's credibility and enable meaningful contributions to the economy and society.