CAclubindia Articles

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.

Proceed To File Option in GSTR-3B Is Disabled: How To Enable?

Mitali 14 March 2026 at 13:39

Know why the "Proceed to File" option is not enabled while filing GSTR-3B and how to fix this disabled option on the GST portal.

Change in Financial Year of a Company: Legal Framework & Procedural Guide

CS Divesh Goyal 14 March 2026 at 13:16

Learn how to change a company's financial year under the Companies Act, 2013. Step-by-step procedure, RD approval, required forms, timelines and key compliance rules.

Rs 3000+ Crores lost to "Digital Arrest" Scams and the Numbers are still Rising

CA Amrita Chattopadhyay 14 March 2026 at 13:16

Are we unknowingly helping fraudsters by sharing personal data too easily? Learn how the DPDP Act, 2023 empowers Data Principals to protect data, prevent cyber fraud, and stay safe from digital arrest scams.

GST Alert: Tax-Free Waste Management

CS Lalit Rajput 14 March 2026 at 12:54

WB AAR clarifies GST exemption on conservancy and solid waste management services provided to municipal bodies under Notification 12/2017 in Hari Narayan Singh case.

One Invoice, Many Units: Understanding The ISD Mechanism Under GST

Raj Jaggi 14 March 2026 at 09:29

Understand the ISD mechanism under GST, its legal framework under Sections 2(61), 20 and 21 of the CGST Act 2017 and Rule 39. Learn how businesses distribute input tax credit for common services across multiple State registrations, especially after ISD becomes mandatory from 1 April 2025.