CAclubindia Articles

Curative Amendment to Rule 89(5) Must Reach Pending Refunds

Posted by Raj Jaggi 30 July 2026 5 Views

GST refund claims under the inverted duty structure cannot be denied using an outdated formula. Gujarat HC rules that amended Rule 89(5), treated as curative and clarificatory, must be applied to pending refund claims.

GST Exemption Cannot Fail Merely Because the Pack Names the Manufacturer

Posted by Raj Jaggi 30 July 2026 9 Views

When Compliance Looks Like BrandingThe GSTAT Thane Bench decision in The Commissioner, CGST & Central Excise, Raigad Commissionerate v. M/S Godrej Tyson Fo...

Due Date Extended: Check Which Return Filing Gets More Time?

Posted by Mitali 29 July 2026 63840 Views

Return filing deadline has been extended - Know the latest deadline changes and important compliance details that every taxpayer should know.

GST Recovery Needs a Speaking Notice, Not a Statutory Reproduction

Posted by Raj Jaggi 29 July 2026 110 Views

A Section 74 GST notice must contain specific allegations, reasons, and relied-upon documents, not mere statutory language. The Chhattisgarh High Court quashed recovery and bank attachment proceedings, reaffirming natural justice and fair adjudication principles in bogus ITC cases.

How AI is Transforming CMA Data Preparation for Bank Finance

Posted by Krish 29 July 2026 54 Views

Discover how AI is transforming CMA report preparation by improving accuracy, automating calculations, maintaining financial consistency, and enhancing productivity for finance professionals and Chartered Accountants.

Resolution Professional to Conduct Corporate Insolvency Resolution Process: Role, Powers and Recent Regulatory Developments

Posted by Priyanshi Garg 29 July 2026 31 Views

Understand Section 23 of the IBC, 2016 and the crucial role of the Resolution Professional (RP) in CIRP. Explore RP's powers, duties, CoC relationship, 2026 regulatory updates, accountability and key insolvency challenges.

Section 62(3) vs. Section 62(1)(c): Understanding the Fine Line Between Conversion and Preferential Allotment under the Companies Act, 2013

Posted by Affluence Advisory 29 July 2026 21 Views

Understand the difference between Section 62(3) and Section 62(1)(c) of the Companies Act, 2013 for loan-to-equity conversions. Learn when debt conversion qualifies for exemption and when preferential allotment rules apply.

Inside the RBI's Sweeping Cancellation of 135 NBFC Registrations

Posted by Affluence Advisory 28 July 2026 71 Views

Why did RBI cancel the registrations of 135 NBFCs in June 2026? Explore the legal powers under Section 45-IA, key compliance failures, Scale-Based Regulation norms, and what the crackdown means for NBFCs, investors, promoters, and fintech businesses.

A Silent Portal Cannot Close the GST Appeal Door

Posted by Raj Jaggi 28 July 2026 78 Views

Can a GST appeal be saved if an order was only uploaded on the portal and not effectively communicated? The Rajasthan High Court clarifies the link between limitation, digital service under Section 169, and the taxpayer's right to appeal under Section 107 of the CGST Act.

LLM in Tax and Compliance Practice: An Assessment of Auditability, Reliability, and Professional Risk

Posted by Shobhit Jain 28 July 2026 375 Views

Can tax professionals rely on ChatGPT, Claude, and Gemini? Explore the risks of AI hallucinations, outdated tax laws, privacy concerns, citation errors, and ICAI compliance obligations, along with best practices for responsible AI use in tax and compliance practice.