CAclubindia Articles
Section 67(2) Is Not A General Warrant To Seize Unexplained Cash
14 October 2026
14 Views
Section 67(2) of the CGST Act does not grant GST officers unrestricted powers to seize unexplained cash. Understand the legal limits on cash seizure, key court rulings, and safeguards against arbitrary GST action.
57th GST Council Meeting: Key Recommendations and What They Mean
Explore the 57th GST Council Meeting’s key recommendations on GST registration, ITC, refunds, penalties, prosecution and compliance reforms, and their impact on taxpayers and businesses.
Tax Deducted at Source (TDS): Common Compliance Failures and Their Tax Consequences
Understand the key TDS changes under the Income-tax Act, 2025, including new forms, payment codes, interest, penalties, late fees and prosecution risks. Explore common TDS defaults, compliance deadlines and practical tips to avoid costly errors.
Central Bank of India FD Interest Rates October 2026: For General and Senior Citizens
The Central Bank of India provides fixed deposit plans with interest rates that differ according to the deposited amount and the chosen tenure. As of October 20...
Stock Variation Cannot Become A Confiscation Shortcut
13 October 2026
40 Views
GSTAT ruled that excess or unaccounted stock found during a survey cannot automatically trigger confiscation under Section 130 of the CGST Act. The Department must follow Sections 73 or 74 for tax determination, and a fine in lieu of confiscation cannot survive without valid confiscation proceedings.
Pre-Audit Health Check: 10 Questions to Ask Before the Auditor Arrives
Prepare for a smooth tax audit with this 10-point checklist covering books of accounts, GST reconciliation, TDS, MSME payments, cash transactions, loans, stock and supporting documents to avoid delays and disallowances.
GST Registration Cancellation Made Easier: Know the New Rules
GST registration cancellation could soon become faster, simpler, and less dependent on officer approvals. The 57th GST Council has recommended a shift towards s...
Form 138 replaces 24Q: A practical checklist for the Q2 salary TDS return
Prepare your Form 138 salary TDS return for Q2 FY 2026-27 with this pre-filing checklist covering FVU 1.2 updates, mandatory challan fields, PAN validation, reconciliation, due dates and common filing errors before the 31 October 2026 deadline.
Important Changes Proposed in GST Refund!
GST Council's 57th meeting proposed major refund reforms, including automated refunds, 90% provisional sanctions, removal of the export turnover cap, and expanded ITC refunds.
Payment Before Final Acknowledgement Cures The Pre-Deposit Defect
12 October 2026
103 Views
Learn how payment of GST pre-deposit before final acknowledgement can cure appeal filing defects, with key legal provisions and implications for taxpayers.
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