Articles by CA Varun Gupta

GST Notification No. 9/2025: Complete HSN-Wise Rate Schedule Effective from September 22, 2025

Posted by CA Varun Gupta

22 September 2025 38769 Views

GST Notification No. 9/2025-CT(Rate) consolidates all HSN-wise GST rates into one framework, effective September 22, 2025. Check new schedules, slabs and compliance details.

Forgot to Claim Deduction or Filed Wrong ITR? Correct Your ITR with Revised Return u/s 139(5)

Posted by CA Varun Gupta

20 September 2025 273 Views

Made a mistake in filing your Income Tax Return? Don't panic. Learn how the Income-tax Act, 1961 allows you to revise or correct errors in your ITR with simple steps

GST Alert Circular No. 59/2025-26: Comprehensive Analysis of Fraudulent Input Tax Credit Scheme Through Non-Existent Entity

Posted by CA Varun Gupta

12 September 2025 345 Views

CGST Delhi North busts Rs 6.01 crore fake ITC fraud by Ajay Trading Co. Read how DGARM detected the racket, legal violations under GST laws and enforcement actions with key lessons for taxpayers on compliance and vendor due diligence

GST Alert Circular No. 29/25-26: Investigation into Fraudulent ITC Passing, ITC Amounts, Legal Implications & Recovery Directions (FY 2019-21)

Posted by CA Varun Gupta

11 September 2025 415 Views

The Delhi GST Department’s Circular No. 29/2025-26 uncovers a Rs 30.56 crore fake ITC fraud involving non-existent suppliers and bogus invoices. Learn about the case of M/s Mohd Shahid Enterprises, recipient-wise ITC exposure, legal framework and enforcement actions under GST.

Section 12AB Renewal Guide: 10-Year Validity Framework Under Finance Act 2025

Posted by CA Varun Gupta

10 September 2025 615 Views

Learn how charitable trusts can renew Section 12AB registration before Sept 30, 2025 and secure 10-year validity under Finance Act 2025.

PMS Fees and Capital Gains: Can You Claim Deduction Under Section 48?

Posted by CA Varun Gupta

08 September 2025 2059 Views

Can PMS fees be claimed as deduction under Section 48 while computing capital gains? Explore statutory law, ITAT rulings, SEBI PMS rules & filing tips.

56th GST Council Meeting Updates: Key GST Rate Changes Effective September 2025

Posted by CA Varun Gupta

06 September 2025 861 Views

Discover key highlights of the 56th GST Council Meeting held in New Delhi. Effective from September 22, 2025, the latest GST rate changes bring exemptions, reductions, and structural reforms across food, healthcare, energy, automobiles and services.

GST Rate Changes on Passenger Bus Services: 56th GST Council Meeting

Posted by CA Varun Gupta

05 September 2025 850 Views

From 22 September 2025, GST on passenger transport and motor vehicle rentals will follow a dual rate structure - 5% with restricted ITC or 18% with full ITC. Learn the revised rules, rate comparisons, and compliance guidelines from the 56th GST Council meeting

Treatment of Minor's Income and TDS Deduction: Clubbing Provisions, Refund Claims, and Demand Resolution under the Income Tax Act

Posted by CA Varun Gupta

30 August 2025 1377 Views

Learn how to handle TDS deducted in a minor’s PAN, clubbing of minor’s income under Section 64(1A), refund claims, rectification process, and compliance under the Income-tax Act, 1961.

Income Tax Filing 2025: New Business Codes for Intraday, F&O and Delivery-Based Trading

Posted by CA Varun Gupta

29 August 2025 3031 Views

Learn about the new Income Tax business codes for share trading - 21009 (Intraday), 21010 (F&O) and 21011 (Delivery-Based). Understand speculative vs non-speculative income, Section 44AD applicability, ITR-3 vs ITR-4 usage, audit rules under Section 44AB and loss carry-forward provisions for traders.