CAclubindia Articles

Who holds the power to adjudicate under GST? Insights from Circular No. 254

Posted by Raj Jaggi

11 March 2026 199 Views

CBIC Circular No. 254/11/2025-GST clarifies the designation of "proper officers" under the CGST Act, prescribing monetary limits and jurisdiction for issuing show-cause notices, adjudication, penalties under Section 122, and pre-SCN communication under Rule 142(1A).

GST in Kerala: A Practical Guide for Businesses

Posted by TKM Associates 11 March 2026 91 Views

Understand GST in Kerala, including registration limits, GSTIN, return filing, input tax credit, compliance rules and benefits for businesses across sectors.

Freezing of Personal Assets of Directors for GST Liability of the Company

Posted by CA AMANDEEP SINGH 11 March 2026 7084 Views

Can GST authorities freeze directors' personal bank accounts for company tax dues? Check the legal limits under the CGST Act, key court rulings, Sections 79, 83, and 89 and remedies available to directors against unlawful attachment.

Bank Transaction Limits to Watch from April 2026

Posted by Poojitha Raam Vinay

10 March 2026 27842 Views

From April 2026, taxpayers should be aware of important banking thresholds that may trigger reporting or scrutiny.

The Rs 70 Lakh Number Plate: GST Implications On Premium Vehicle Registration Numbers

Posted by Raj Jaggi

10 March 2026 427 Views

Buying a fancy vehicle number like DL-0001 can cost up to Rs 70 lakh. Learn the GST implications, reverse charge mechanism (RCM), input tax credit rules and accounting treatment when premium registration numbers are purchased for luxury cars.

9 Key Highlights of Maharashtra State Budget 2026-27

Posted by CA Umesh Sharma 10 March 2026 413 Views

A simple breakdown of the Maharashtra State Budget 2026–27 presented by Devendra Fadnavis, covering welfare schemes, infrastructure spending, farmer relief, EV incentives, rural development and key takeaways for businesses and citizens.

How to Claim TDS Refund on Google Ads in India

Posted by Deelip Kushwaha 10 March 2026 1123 Views

Learn how to claim TDS reimbursement on Google Ads in India. Step-by-step guide covering 2% TDS under Income Tax Act, 1961, Form 16A submission, documents required, deadlines and how to receive ad credits.

Cash Transaction Limits Under The Income Tax Act 2025: With Related Sections and Penalties

Posted by Mitali 09 March 2026 4395 Views

Latest cash transaction limits in India. Avoid heavy penalties on cash sales, property deals, loans and gifts under the Income Tax Act 2025.

Tran-1 Transitional credit under GST - Can dual audits defeat statutory limitation?

Posted by Raj Jaggi

09 March 2026 859 Views

Understand whether State GST authorities can question transitional input tax credit already examined by Central GST officers. This article explains the legal framework of Section 140, Rule 117, limitation under Sections 73 & 74, and key judicial rulings through the case study of Aayra Ltd. under the GST regime.

Is an ESOP the Optimal Exit Strategy? A Comprehensive Guide to Employee Ownership Transitions in India

Posted by Affluence Advisory 09 March 2026 240 Views

Explore how ESOPs are emerging as a strategic exit option for Indian promoters offering liquidity, tax efficiency, employee ownership and legacy preservation under India’s regulatory framework.