CAclubindia Articles

No LPG Without Aadhaar Verification: Know How To Do with Latest Clarification

Mitali 17 March 2026 at 13:24

LPG users please note! Aadhaar-based e-KYC is now mandatory, you must complete it soon or may risk of losing gas subsidy and services.

From Rs 1000 to Rs 25,000 w.e.f April 2026: Penalty for Failing to Provide Business Information with Tax Officers

Chaitra Seetharam 17 March 2026 at 11:42

Big change in Income-tax Act 2025: Higher penalties introduced for failure to furnish information under Section 254.

Rules 9A & 14A: When The GST Portal Approves The Taxpayer

Raj Jaggi 17 March 2026 at 09:24

GST Rules 9A and 14A, introduced via Notification No. 18/2025-Central Tax, bring automated GST registration and simplified registration for small taxpayers, marking a major step in India’s technology-driven tax administration.

The Corporate Gudi: Opportunity to File Pending ROC Forms

CA Umesh Sharma 17 March 2026 at 09:10

Learn about the Companies Compliance Facilitation Scheme 2026 (CCFS-2026), allowing companies to clear pending MCA filings with reduced fees and avoid heavy penalties from April 15 to July 15, 2026.

Can a Completed Bank Auction Be Reopened or Challenged?

CA. Rohit Porwal 17 March 2026 at 09:10

The Om Sakthi Sekar v. V. Sukumar ruling clarifies that even confirmed DRT auction sales may be reviewed by courts on valuation concerns, highlighting key implications for banks, borrowers, and auction property buyers.

When The Contractor Changes But The Advance Remains: A GST Perspective On Contract Novation

Raj Jaggi 16 March 2026 at 15:29

When a mobilisation advance is taxed under GST but the contract is later novated to another entity before services begin, the original contractor must reverse the transaction by issuing a refund voucher and claim a GST refund. Learn the correct tax treatment and compliance steps in such cases.

Critical Analysis of the Amendments to the GST Act as per the Budget 2026-27

Hrishikesh H 16 March 2026 at 11:30

Analysis of key GST amendments under the Finance Bill 2026, covering changes to Sections 15(3), 34, and 54 of the CGST Act and Section 13(8) of the IGST Act, focusing on discounts, refund mechanisms, and intermediary services.

TDS on Fixed Deposit Interest 2026: How To Save Tax Using New Form 121?

Poojitha Raam Vinay 16 March 2026 at 10:45

Form 121 to replace Forms 15G and 15H from April 1, 2026. Learn how the new unified declaration helps taxpayers avoid or reduce TDS on Fixed Deposit interest and improve cash flow.

A Revised Contract Value, A Cancelled GST Registration, And The Debit Note Puzzle

Raj Jaggi 16 March 2026 at 09:50

When contract values are revised after arbitration but the original GST registration is cancelled, issuing a debit note becomes complex. Explore how Section 142(2A), Section 25, and Section 34 of the CGST Act determine who can legally issue the debit note and why re-registration may be required to maintain the GST compliance trail.

CCFS Scheme and UDIN Challenge for Pending Financial Statements: Practical Guidance for Professionals

CS Divesh Goyal 16 March 2026 at 09:16

Facing UDIN issues for old financial statements under the CCFS Scheme? Know the practical solution: current-date signing, UDIN generation, AGM compliance, AOC-4/MGT-7 filing and Section 96/99 implications.