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CAclubindia Articles


Refund Beyond Restrictions: The Cess Credit Principle

  Raj Jaggipro badge    16 April 2026 at 09:54

Gujarat HC in Atul Ltd v. Union of India clarifies refund of unutilised Compensation Cess on exports, reinforcing GST zero-rating, Section 50B principles, and resolving ITC mismatch disputes.



Evolution of IGST/CGST/SGST Utilization. Understanding New Rule from February 2026

  Vivek Jalan    16 April 2026 at 09:09

GST ITC rules updated in 2026: After exhausting IGST credit, taxpayers can now utilise CGST and SGST ITC in any sequence to pay IGST liability. Learn the key changes, legal background and impact on cash flow and compliance.



Section 403 Explained: Why Rs 100 Per Day Late Fee Applies on AOC-4 & MGT-7

  CS Binit Thakur    16 April 2026 at 09:09

Understand Section 403 of the Companies Act, 2013 and why Rs 100 per day late filing fee applies for AOC-4 and MGT-7. Learn how delay is calculated from the original due date under Sections 92 and 137, even if AGM is delayed.



Slump Sale Taxation of Branch or Business Transfer in India: Section 50B, Rule 11UAE, Net Worth, Capital Gains and GST

  CA Varun Guptapro badge    16 April 2026 at 09:09

Comprehensive guide to slump sale under the Income Tax Act: understand Sections 2(42C) and 50B, Rule 11UAE valuation, net-worth computation, capital gains, and GST implications for business transfer vs asset sale.



RBI's NBFC Exemption: Unlocking a Surge of Specialized Lenders?

  Affluence Advisory    15 April 2026 at 10:09

RBI proposes exempting small NBFCs (up to Rs 1,000 crore assets) from registration, reducing compliance burdens, boosting innovation, and reshaping India's credit ecosystem while maintaining financial stability.



Important things to know about New Income Tax Act 2026 Transition

  CA Umesh Sharma    15 April 2026 at 10:09

India's new Income Tax framework from April 1, 2026 simplifies laws with fewer sections, unified forms, and revised timelines. Explore key procedural changes, ITR filing rules and compliance updates taxpayers must know.



Form 10A Delay Relief: CBDT Clarifies PCIT/CIT as Competent Authority

  CA Varun Guptapro badge    15 April 2026 at 10:09

CBDT Circular 01/2026 clarifies that jurisdictional PCIT/CIT, not CPC Bengaluru can condone delay in Form 10A under Section 12A. Know the impact, process and relief available for charitable trusts.



Income Tax Act 2025 vs 1961: What Actually Changed for Salaried Professionals

  Diksha Chawla    14 April 2026 at 10:10

Understand what really changed with the Income Tax Act 2025, no change in tax rates or slabs, but major updates in structure, section numbers, TDS rules and compliance procedures. Learn how it impacts your July 2026 ITR filing, new forms, Tax Year concept, and what stays the same for salaried taxpayers and professionals.



GST on Reimbursement of Expenses under Rule 33: Pure Agent, Section 15, Invoicing, GSTR-1 and E-Invoicing

  CA Varun Guptapro badge    14 April 2026 at 10:10

Understand GST on reimbursements: when expense recoveries are taxable under Section 15, when they qualify as pure-agent exclusions under Rule 33, and how to correctly invoice, report in GSTR-1 and handle e-invoicing without inflating turnover or triggering extra compliance.



Companies Compliance Facilitation Scheme, 2026 (CCFS-2026): A Golden Compliance Reset for Defaulting Companies

  CS Binit Thakur    14 April 2026 at 10:10

The MCA's Companies Compliance Facilitation Scheme (CCFS-2026) offers a one-time opportunity from April 15 to July 15, 2026, for companies to clear pending filings at significantly reduced fees, gain immunity from penalties and opt for dormancy or strike-off, helping regularise compliance and avoid strict post-deadline action.




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