Pabbathi & Associates

A chartered accountant firm committed to delivering exceptional business services

[Pabbathi & Associates @Pabbathi_CAs]

⚖️ MP High Court: Now that GSTAT is operational, taxpayers should generally file appeals before GSTAT instead of directly approaching High Courts. Even older GST orders may qualify under special transition provisions—but don’t assume all time-barred cases are eligible #GST #GSTAT

[Pabbathi & Associates @Pabbathi_CAs]

🚨 CBDT has identified specific taxpayers for compulsory Income Tax scrutiny in FY 2025-26. Surveys, searches, recurring tax disputes, cancelled registrations, and tax evasion inputs may trigger scrutiny. Keep records updated and respond to notices promptly.

#IncomeTax #ITR

[Pabbathi & Associates @Pabbathi_CAs]

🚨 Big boost for India’s bond market! From 1 Apr 2026, eligible FIIs & BIS will enjoy tax-free interest and capital gains on Government Securities (G-Secs). 🇮🇳📈

More foreign investment, lower borrowing costs, stronger bond markets and greater confidence

#GSec #FII #TaxUpdate

[Pabbathi & Associates @Pabbathi_CAs]

Delhi High Court: A future inheritance cannot be taxed today!

The Court held that merely being likely to inherit a property does not make a person its current owner. Tax liability arises from actual ownership, not future expectations.

#IncomeTax #DelhiHighCourt #BlackMoneyAct

[Pabbathi & Associates @Pabbathi_CAs]

🚨 GST Relief Alert!

Telangana HC held that taxpayers should not be denied relief merely due to GST portal limitations. Authorities must consider a manual revocation application where registration was cancelled for non-filing of returns.

#GST #TaxUpdate #GSTRegistration

[Pabbathi & Associates @Pabbathi_CAs]

🚀 PM-VBRY to boost formal employment in India! 🇮🇳

✅ First-time EPFO employees can get incentives up to ₹15,000*
✅ Employers can receive up to ₹3,000/month per eligible new hire
✅ Scheme period: 01.08.2025 to 31.07.2027

#PMVBRY #EPFO #Employment #ViksitBharat #JobCreation

[Pabbathi & Associates @Pabbathi_CAs]

🚨 GST Refund Update 🚨

GSTN has made Annexure-B Offline Utility mandatory for ITC refund claims. Taxpayers must upload invoice details through the Excel utility and submit the generated JSON file in RFD-01. Auto-validation with GSTR-2B now applies.

#GST #GSTRefund #GSTN

[Pabbathi & Associates @Pabbathi_CAs]

🚨 GST Refund Relief!

Bombay HC held that a second GST refund claim cannot be rejected merely because an earlier refund for the same period was sanctioned. ✅

📌 Substance over form prevails.

#GST #GSTRefund #TaxUpdate #BombayHC #Exporters #IndirectTax

@GSTN_IT @GST_Council

[Pabbathi & Associates @Pabbathi_CAs]

🚨 GSTN to enhance the e-Way Bill system! 🚚

✅ Mandatory Ship-To GSTIN in Bill-To/Ship-To transactions
✅ New EWB Closure Facility

These changes aim to improve traceability, data accuracy, and compliance.

#GST #EWayBill #GSTN #TaxUpdates #Compliance @GSTN_IT @Infosys_GSTN

[Pabbathi & Associates @Pabbathi_CAs]

CBDT clarified Form 18 filing for Affordable Housing Projects under Income Tax Rules. Filing Form 18 is mandatory to claim tax benefits under Section 46. Developers must disclose project, unit, land & compliance details to obtain notification.

#Form18 #IncomeTax #TaxUpdates

[Pabbathi & Associates @Pabbathi_CAs]

🏛️ Mumbai ITAT grants major relief under Section 54! 🏡💰 Exemption cannot be denied merely for non-deposit in CGAS if entire capital gains are invested in a new house before filing ITR 📑✅ Huge relief for genuine taxpayers! ⚖️

#ITAT #IncomeTax #CGAS #TaxRelief
@IncomeTaxIndia

[Pabbathi & Associates @Pabbathi_CAs]

🚨 ITR-1 (Sahaj) for FY 2025-26 has major updates! 🧾 Now covers up to 2 house properties 🏠 & LTCG u/s 112A up to ₹1.25 lakh 📈. AIS/26AS matching is stricter ⚠️ Verify deductions, TDS & bank details before filing ✅ #ITR1 #IncomeTax #TaxUpdate #ITR2026

[Pabbathi & Associates @Pabbathi_CAs]

🚨 Patna HC: Payment of GST through DRC-03 after audit detection does NOT automatically stop Section 74 proceedings ⚖️ Interest & penalty may still apply if suppression/misstatement is alleged. Proper SCN reply & timely appeal are crucial 📑 #GST #Section74

[Pabbathi & Associates @Pabbathi_CAs]

⚖️ Karnataka HC set aside duplicate GST orders for the same tax period & ITC issue, granting fresh adjudication opportunity. Court stressed fairness in ex parte GST proceedings.
#gstportal #KarnatakaHC #ITC

@GSTN_IT @Infosys_GSTN @GST_Council @FinMinIndia

[Pabbathi & Associates @Pabbathi_CAs]

💼 Salaried employees: New Form 124 replaces Form 12BB under the Income-tax Act, 2025. Submit HRA, LTA, home loan & investment proofs early to reduce excess TDS and increase monthly in-hand salary! 📈 #Form124 #TDS #TaxSaving #salary

@IncomeTaxIndia @theicai

[Pabbathi & Associates @Pabbathi_CAs]

🚨 Important for Firms & LLPs!
New Form No. 27 under Income-tax Act, 2025 is mandatory during partner retirement, reconstitution or dissolution.

📄 Valuation report & electronic filing required along with ITR. Don’t miss this compliance! ⚠️

@IncomeTaxIndia @theicai

[Pabbathi & Associates @Pabbathi_CAs]

Bombay HC gives major relief to taxpayers! ⚖️
GST appeals cannot be rejected merely because Form DRC-07 was not uploaded on the GST portal. The Court held that technical glitches cannot take away a taxpayer’s legal right to appeal. #GST #BombayHighCourt

[Pabbathi & Associates @Pabbathi_CAs]

🌍📢 Big Tax Update! Form 10F is replaced by Form 41 under the Income Tax Act, 2025.

✅ No PAN/Aadhaar needed
✅ Online DTAA benefit claim
📌 TRC upload mandatory
⚠️ Non-filing may lead to higher TDS rates for non-residents from 01-04-2026.

#NRI #incometax @IncomeTaxIndia

[Pabbathi & Associates @Pabbathi_CAs]

📢 ITR-1 & ITR-4 released.

⚠️ Don’t rush to file early for refunds.

Q4 TDS due: 31 May
Form 16 due: 15 June
AIS/26AS may be incomplete before that.
🚨 Early filing may cause:
❌ Refund delays
❌ 143(1) mismatch
❌ Notices
✅ Better to file after mid-June.
@IncomeTaxIndia

[Pabbathi & Associates @Pabbathi_CAs]

⚖️ Andhra Pradesh HC Relief for GST Taxpayers!

If pending GSTR-3B is filed with tax, interest & late fee, assessment under Sec.62 stands automatically withdrawn ✅

DRC-07 & recovery proceedings also cannot survive thereafter.

#GST #GSTR3B #GSTUpdate #TaxRelief #AndhraPradeshHC