CAclubindia Articles

ITR-3 Mismatch: New Tax Regime Opted but Old Regime Applied by CPC - Legal Position and Solutions

Posted by Kowsalya 08 December 2025 2896 Views

Many taxpayers filing ITR-3 for FY 2023-24 have reported that their returns filed under the New Tax Regime were processed under the Old Regime, leading to higher tax demands. This article explains why this happens, the rules under Section 115BAC, common filing mistakes and the corrective steps available, including rectification, revised returns, or grievance redressal.

New Pan Masala Tax: Capacity-Based Levy Explained

Posted by Shivani 08 December 2025 528 Views

Discover the capacity-based tax structure introduced by the 2025 Cess Bill. A mechanism designed for stable revenue and high accountability in the pan masala sector.

Salary Rs 12.45 Lakh but with Dividend, Interest, MF its Over 12.75 Lakh: Do I Need to Pay Tax?

Posted by Chaitra Seetharam 06 December 2025 4955 Views

Understand how the enhanced "no tax up to Rs 12 lakh" rebate works under the New Tax Regime for FY 2025-26, why it applies only to income taxed at normal slab rates, and how dividends, interest, and mutual fund gains can push you beyond the Rs 12–12.75 lakh limit.

Section 18 of The CGST Act, 2017 (Part II) - Reversal And Adjustment Of ITC in Special Circumstances

Posted by Raj Jaggi

06 December 2025 342 Views

Explore how Sections 18(4) to 18(6) of the CGST Act complete the Input Tax Credit (ITC) cycle by ensuring fair reversal, repayment, and recalibration of credit....

How to Report ITC Taken - Reversed - Reclaimed in GSTR-9 for FY 2024-25

Posted by CA Amit Harkhani 05 December 2025 2830 Views

Learn how to report ITC claimed, reversed and reclaimed across years in GSTR-3B with Rule 37/37A rules, table-wise guidance, and clear examples for FY 2023-24 & 2024-25.

Section 18 of the CGST Act, 2017 (Part I) - Availment and Transfer of ITC in Special Circumstances

Posted by Raj Jaggi

05 December 2025 341 Views

Explore how Section 18 of the CGST Act overrides Section 16 in special transitional scenarios, guiding ITC entitlement during registration changes, movement from composition to regular levy, and exempt-to-taxable shifts.

Finance Minister's Speech in Parliament: Is GST on Beedi Really Hurting Workers?

Posted by Mitali 04 December 2025 434 Views

Finance Minister details GST Council's 18% decision over 40%, pre-GST excise parity amid health concerns.

Can AI-Generated Deepfakes Be Controlled: 36 Hours to Clean Up Social Media

Posted by Mitali 04 December 2025 149 Views

Explore India's proactive measures to combat fake news and protect democracy with new regulations and strategies

State-wise GST Collection Trends: What They Reveal About Economic Recovery?

Posted by Poojitha Raam Vinay

04 December 2025 1262 Views

GST collections have emerged as a powerful real-time economic indicator, with FY 2024-25 touching a record Rs 22.08 lakh crore and April 2025 hitting an all-time high of Rs 2.37 lakh crore

What Mistakes Should You Avoid While Doing GST Online Verification?

Posted by Abhishek Verma 04 December 2025 302 Views

Avoid costly GST verification mistakes that lead to notices, ITC blockage, and compliance hassles. This guide explains common errors like outdated registration details, ignored portal status, PAN mismatches and activity/address discrepancies and helps businesses conduct accurate, reliable GST online verification for smooth, compliant operations.