CAclubindia Articles

A Large Number Of Invoices Is Not An Excuse For Not Issuing Tax Invoices Properly

Posted by Raj Jaggi

08 December 2025 1650 Views

A detailed analysis of GST invoicing rules for high-volume event organisers. Understand Section 31, Rule 46, the Rs 200 limit, and why Abhishek Arora Ltd. must issue individual invoices for each ticket.

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

Posted by Kowsalya 08 December 2025 2911 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 532 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 4959 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 345 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 2833 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 342 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?

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