CA SAJAN VS

PARTNER ,SAJAN & ASSOCIATES , CHARTERED ACCOUNTANTS, KAYAMKULAM

[CA SAJAN VS @SAJANVS]

Sargaalaya, Iringal Craft Village in Kozhikode is a beautiful celebration of Kerala’s traditional arts, crafts and culture. 🪷 A wonderful place to experience the creativity of local artisans and discover the rich heritage of Kerala.
@KeralaTourism

[CA Rajendra Sharma @carajendra89]

Very important🔥

From today, many salaried individuals may start showing themselves as “businessmen” just to avoid the penalty.

Personally, I don’t think this is a good idea. The Income Tax Department already has extensive data and can easily compare and identify inconsistencies.

Also, if you’re employed by a reputed company, your employment contract often prohibits you from engaging in any other business without prior approval. This could create unnecessary issues.

Think carefully before following such “tax-saving” tips. Saving a small amount today isn’t worth inviting bigger problems tomorrow.

Share your thoughts!

[Pratibha Gupta @PratibhaGoyal]

Either file your ITR independently using Income Tax Portal online Interface or use services of good Tax Professional.

Avoid sharing data to private websites!

[CA Rajendra Sharma @carajendra89]

Very important judgement on GST Input Tax Credit🔥

🚨 Supreme Court Settles the Debate on GST Input Tax Credit!

The Supreme Court has upheld the constitutional validity of Section 16(2)(c) of the CGST Act in the landmark case of Bhandari Scrap Traders vs Union of India & Ors. (SLP(C) No. 23931/2026).

What does this mean?
The Court has reaffirmed that Input Tax Credit (ITC) is available only when the supplier has actually paid the GST to the Government.

In simple terms, payment to the supplier and possession of a valid tax invoice alone do not guarantee ITC. If the supplier defaults in depositing the tax, the recipient’s ITC can be denied, subject to restoration once the supplier subsequently pays the tax under the statutory mechanism provided in the CGST Act.

Key observations of the Supreme Court:
✔️ Section 16(2)(c) is constitutionally valid.

✔️ The GST framework is distinct from the erstwhile Delhi VAT regime; therefore, precedents under the Delhi VAT Act cannot be applied mechanically to GST.

✔️ Sections 41, 73, and 74 of the CGST Act provide a mechanism for restoration of ITC after the supplier discharges the tax liability.

Practical takeaway for businesses
This judgment fundamentally changes the way businesses should approach vendor management.

Going forward, taxpayers should:
✅ Perform periodic GST compliance checks of suppliers.

✅ Reconcile purchase data with GSTR-2B on a regular basis.

✅ Monitor vendors’ return filing and tax payment behaviour.

✅ Include robust GST compliance and indemnity clauses in purchase agreements.

✅ Avoid dealing with habitual non-compliant suppliers.

My Perspective
This judgment marks a significant shift from document-based compliance to compliance-based credit.

Businesses can no longer view GST compliance as limited to their own returns. Vendor due diligence has now become an essential part of protecting Input Tax Credit and managing GST risk.

The decision may increase the compliance burden on genuine taxpayers, but it also reinforces the objective of ensuring that tax reaches the Government before credit flows through the GST chain.

Reference: Bhandari Scrap Traders vs Union of India & Ors. (SLP(C) No. 23931/2026)

What are your thoughts?

Will this judgment improve GST compliance, or will it create additional challenges for genuine businesses?

Share your views in the comments.

#GST #InputTaxCredit #GSTLaw #SupremeCourt #CGST #TaxLitigation #GSTCompliance #IndirectTax #CharteredAccountant #IndiaTax #CorporateCompliance

[CA SAJAN VS @SAJANVS]

#NewProfilePic

[CA SAJAN VS @SAJANVS]

Everyone celebrating New Year

Tax professionals busy in filing Income Tax Returns and GST annual returns

It’s a sad fate

@IncomeTaxIndia @cbic_india

[CA SAJAN VS @SAJANVS]

Another December 31

When the deadline of belated ITR changed to December 31 all Practicing CA s in the country loosing their New Year

[CA Chirag Chauhan @CAChirag]

CS will enjoy 31 Dec, Thanks to MCA

CAs filing GST Annual Returns or ITR will work till midnight

Why @FinMinIndia is far from ground realities regarding deadline extensions and practicality especially @cbic_india & @IncomeTaxIndia department

#Extend_Due_Date_Immediately

[CA SAJAN VS @SAJANVS]

Will GSTR & ITR deadlines extent?

@cbic_india @IncomeTaxIndia

[CA Himank Singla @CAHimankSingla]

BREAKING: ROC DATE EXTENDED 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥

[Manoj V Ayadi & Associates @PCSManoj]

Last one hour spent trying to upload one form on MCA V3 portal. For the last 15 days, the portal is down during working hours, forcing professionals to file post midnight.
How is this justified? late fees for your faulty V3 portal?
@MCA21India @HelpdeskMCA21V3 @nsitharaman

[FCS Tanu Agarwal @TanuAgarwal1712]

Compliance should be enabled, not penalized!
Without a stable and functional bportal, meeting statutory timelines is impractical
#compliancematters #complianceissues #professionalsunite
@MCA21India @icsi_cs @theicai @ICMAICMA @nsitharamanoffc @PMOIndia @cpgrams

[CA Rajendra Sharma @carajendra89]

The Income Tax Department should consider extending the last date for filing ITRs or revising ITRs from 31st December 2025 to 31st March 2026 to provide ease and relief to taxpayers.

This year, several Income Tax due dates were already extended, and in that context, the 31st December deadline has arrived too early, creating practical difficulties for taxpayers and professionals alike. @IncomeTaxIndia

[Abha Tyagi @csabhatyagi]

Only two days are left and site is not working.. it’s really frustrating. please extend due dates. We demand extension🙏🏻🙏🏻🙏🏻

@MCA21India @PMOIndia @icsi_cs @nsitharaman

[CA Ruchita Vaghani @R_N_Vaghani]

Hashtag is Trending In India for Extension of .....

1. MCA Annual Filling
2. Revised & Belated Returns
3. GSTR-9 & 9C

Keep Tweeting with #Extend_Due_Date_Immediately

& Tag @MCA21India @IncomeTaxIndia & @cbic_india

They will surely Listen Our Voice

[CA SAJAN VS @SAJANVS]

Kindly extend due dates - It is very much required. We are making this request due to system glitches in MCA v3 ,Last minute notices from IT Department etc
ITR Belated returns
GSTR 9 & 9C
ROC Annual filings

@MCA21India @IncomeTaxIndia @cbic_india @FinMinIndia

[CA SAJAN VS @SAJANVS]

With due respect, it is requested that the due dates for filing Revised ITR, GSTR-9/9C, and ROC Annual Returns be extended to avoid last-minute difficulties.
Since the due date for filing original ITR was 10December 2025 and a large number of returns not processed.
@FinMinIndia

[CA SAJAN VS @SAJANVS]

MCA V3 filings extension allowed till 31st December.

It becomes impossible as the MCA portal not working properly for many days

So due date extension is a necessity, due to unstable MCA Portal

[CA SAJAN VS @SAJANVS]

Extension of these Due Dates is necessary.Its not the fault of stake holders ,Its due to the System fault we are making this request

1. MCA Annual Filling
2. Revised & Belated Returns
3. GSTR-9 & 9C

Dear @MCA21India @IncomeTaxIndia & @cbic_india
Kindly Extend This Due dates