🇮🇳Nation first | Tax advocate.
INDIA
Joined February 2011
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what about LTCG and STCG ?
she's either arrogant or got captured by bureaucracy.
@nsitharaman @FinMinIndia
Aditya Sinhal retweeted
Dear @GST_Council @FinMinIndia ,
While applying refund for Inverted duty structure, now Annexure B is already captures the inward supply data in json format, there is no requirement of double report the inward supply invoices in Statement 01A again, requesting to done away with this double work in next council meeting
cancellation application due for almost 2 months now. please look into it @Infosys_GSTN
Aditya Sinhal retweeted
Wonders of CPC
A client filed an ITR-U for AY 2024-25 on 21.04.2025, after paying the entire tax liability, including
Tax + Interest u/s 234A, 234B & 234C + Surcharge & Cess + Additional Tax at 25% u/s 140B
The return was processed u/s 143(1) on 22.07.2026 and intimation sent with huge demand,
Surprisingly in intimation
Returned Income , Tax Liability , TDS – No Change
Yet CPC increased:
Interest u/s 234B: from ₹5.60 lakh → to ₹12.07 lakh
same for 234C
Why?- Interest u/s 234B should have been computed only up to 21.04.2025, i.e., the date on which the entire tax was paid & filed the ITR-U.
Instead, CPC computed interest up to the date of processing (22.07.2026)—charging interest for 28 months instead of 13 months.
If an ITR-U processed 3–4 years later would result in 3–4 years of additional interest, merely because CPC took longer to process the return. Is it so ?
Can a taxpayer really be made to pay interest for the Department's processing delay?
@IncomeTaxIndia please help
Aditya Sinhal retweeted
🚨GST Refund Update!!
Compliance workload has increased for GST refund filers.
Annexure-B for refund is required to be uploaded through utility in JSON file format.
📌Will enable system-based validation of invoices with GSTR-2B.
📌Further, the utility seeks additional fields beyond the Annexure-B format referred to in Circular 135, such as:
Type of inward supply, 2B period, blocked ITC S.17(5), ineligible ITC etc. @Infosys_GSTN @cbic_india
@DEEPKORADIA Cumberosme 🫤
Aditya Sinhal retweeted
REFUND UPDATE
Annexure B for REFUND under GST Required now to be uploaded in their UTILITY (json File)
- This will validate the invoice directly by system with 2B
- Even particular Invoice found in which month's 2B is also required - Quite a tedious task!
with @AbhasHalakhandi
Aditya Sinhal retweeted
Now I can say that my Income Tax season for 2026 has been started officially.
Got this ITRR 5.0 authored by @CA_HarshilSHETH
Truly appreciate his work for the profession!!
CA Ankit Somani has very good command on the New Income Tax Act.
Must attend session for every tax professional/students.
📢 The Tax Talkies – Second Live Session Announcement
🎙️ Topic: Overview of New Income Tax Act, 2025 along with changes in 5 heads
👤 Speaker: CA Ankit Somani, Eminent Speaker & Ex-RCM, CIRC of ICAI
Host: CA Abhas Halakhandi, Beawar
🗓️ Day & Date: Friday, 01 May
⏰ Time: 06:00 PM - 8:00 PM
▶️ Live on YouTube: youtube.com/watch?v=pvT6wS7e…
This session will provide a practical and structured overview of the New Income Tax Act, 2025, explaining how the new Act should be read, understood, and systematically gone through, while also touching upon the major changes across the five heads of income.
All members, professionals, students, and tax enthusiasts are invited to join the session live and make the most of this knowledge-sharing initiative.
Regards,
The Tax Talkies
Do Subscribe us : youtube.com/@TheTaxTalkies
@akhilpachori @DEEPKORADIA @I_AM_Mihir_Modi @CA_HarshilSHETH @sinhaladitya @NihalchandJJain @CANileshMahajan
@Infosys_GSTN Cancellation application filed on 02-03-2026 still not processed.
Waiting for an update, for almost 2 months now.
the wonder book on Income tax is out.
Don't miss out!
Kudos to @CA_HarshilSHETH and his team to come up with this gem YoY.
Happy to announce the release of INCOME TAX READY REFERENCER – 5th Edition today
ITRR 5-Your ultimate go-to companion for AY 2026–27 and transition to TY 2026-27
✔️35 Core Income tax Topics explained simply—all packed into just 163 pages. Updated with Finance Act 2026 amendments (AY 2026–27)
✔️Expanded from 120 pages to 163 pages (35% more content
✔️Tabular concise Format + Reader-Friendly Language + Colour-coded pages + Key words Bold/ highlighted
✔️Complete cross-referencing of Sections, Forms, Due Dates, and TDS/TCS limits —across Income Tax Act 1961 and New Income Tax Act 2025
✔️Perfect FAST-TRACK GUIDE for revising all Important concepts before ITR filing and Audit for AY 26-27 and navigating the new Act for TY 2026–27
Get your Printed book of ITRR 5th Edition. Printed book gets out of stock quickly . ORDER NOW
Here is the link to order PRINTED COLOUR EDITION at just Rs 499
link - rzp.io/rzp/itrrbook
Note: The printed book will be delivered within 20 working days after your order.
ALT cover page
ALT index
ALT How this book has been conceptualised
at least acknowledge, that the GSTN site is down.
issue the extension notification, stop wasting professional man hr's.
@Infosys_GSTN @GST_Council @cbic_india @FinMinIndia
A supplier regd in delhi reporting bulk Credit note to recipients PAN india showing POS Delhi, resulting in reduction of ITC of GSTIN's, who has nothing to do with the supplier. Not even present in IMS for rejection. Serious action needs to be taken.
@Infosys_GSTN
@cbic_india
Enclosed Advisory prevents tax payer from reducing interest, *even if already paid in past period GSTR-3B*
Scary, because one cannot file 3B unless interest is paid.
Kindly introduce mapping window, when interest is already paid in past 3B
@Infosys_GSTN @cbic_india @GST_Council
Serious issue with autopoulated values in GSTR-3B, in case of exempt supply reported in the B2B section of GSTR-1.
They are getting autopopulated in table 3.1(a) in place of 3.1 (c), leading to wrong cautions of variance.
@Infosys_GSTN @cbic_india
unnecessary caution in GSTR-3B @Infosys_GSTN @cbic_india
There can be a tax paid under RCM on supplies from URP.
How is it in contravention of Rule 36(4)?
plese fix the bug asap. @Infosys_GSTN
March'2026 GSTR-3B is crucial being last GST return of the Financial Year.
GST Portal is not working properly!!
📌Multiple Login Attempts
📌Data not getting saved
📌Unable to load template
Man Hours getting wasted in attempt of filing GSTR-3B.
Please inform if some backend/maintenance activity is undergoing @Infosys_GSTN
Aditya Sinhal retweeted
🚨 @Infosys_GSTN has allowedcross utilization of ITC from Jan 3B-SGST ITC can be used against IGST without exhausting CGST first.
But the real question 👇
Is it legally valid or invitation for future litigation!!
Check out my video on this imp update!!
youtu.be/bzgIEGrFaUQ?si=TzbO…
@IncomeTaxIndia please take cognizance.
grievance already raised.
📌 Concern regarding restriction on filing online Rectification [for correction of dedcution inadvertently claimed from 80G(100%) to 80GGC]
While filing rectification u/s 154, the portal shows “no variance in processed return” and blocks online rectification!! 👇
This effectively restricts a statutory right, despite many valid cases of “mistake apparent from record” even without variance-e.g. wrong head of income, incorrect expense classification, wrong deduction mapping (80GGC vs 80G).
Further, the restriction is inconsistent-some assessees are allowed, others are blocked
@IncomeTaxIndia may kindly clarify the rationale for denying online rectification in such cases🙏
@CAHimankSingla @PratibhaGoyal @sinhaladitya
