N R B A & Co LLP

🚨 GSTAT Filing Deadline Alert! 🚨

​Taxpayers & CAs are facing severe technical glitches on the GSTAT portal ahead of the crucial June 30th deadline for filing second appeals. Continuous portal crashes, tedious data entry up to Tabulate No. 8, and mandatory color-scanned A4 documentation are exhausting professionals.

​With extensions unlikely, the fraternity strongly urges the Government to provide immediate interim manual filing alternatives so genuine taxpayers are not deprived of justice.

​💼 N R B A & CO LLP Chartered Accountants

​Source: Divya Bhaskar

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🚨 Haryana GST Update: SCNs & Orders Going Physical!

The Haryana Excise & Taxation Dept has issued Instruction No. 02/2026/GST-II. Proper Officers will now additionally dispatch Show Cause Notices (DRC-01) & Demand Orders (DRC-07) via Registered/Speed Post within 15 days of online portal issuance.

​⚠️ Crucial Catch: The legal date of receipt remains the date it was uploaded on the GST portal! Physical letters are for intimation only. Keep your portal monitored and mailing addresses updated!

​ N R B A & CO LLP CHARTERED ACCOUNTANTS

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🌍 Maximizing Your LRS Limit! 💸

​Planning foreign investments, properties, or overseas studies? Under the RBI's Liberalised Remittance Scheme (LRS), Indian residents can remit up to USD 2,500,000 per financial year!

​📌 Key Takeaways:

• NRI gifts/loans in INR now count inside your annual USD 250K limit.

• Unused foreign exchange must be brought back to India within 180 days.

• Pool family limits for bigger joint investments.

• TCS Relief: Standard TCS is 20% above ₹7L, but cuts down to just 0.5% for education/medical remittances!

​Stay fully compliant with your global assets. 💼✨

​Source: Sandesh Samachar

⚖️ GSTAT Update: Inspecting Case Records! 🔍

​Filing your appeal isn't always enough—knowing exactly what's on the Tribunal’s official record before your hearing is vital. Here is a look at Rule 67 of the GSTAT Procedure Rules:

​📝 Form: Submit GSTAT FORM-03 to the Registrar.

💼 Fee: A flat fee of ₹5,000 applies per inspection request.

its Crucial Note: Access isn't automatic! The rules use the term "may be allowed", making Registrar approval mandatory to maintain file security.

🚫 Note: Inspection does not include certified copies—that requires a separate process.

​Source: Gujarat Samachar

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🚨 🚨 INCOME TAX SCRUTINY ALERT! 🚨 The Income Tax Department has started serving scrutiny notices for 2024-25.

​📌 Key Highlights You Need to Know:

• ₹50 Lakhs Limit: Banking transactions up to ₹50 Lakhs are now under active IT scrutiny.

• Deadline: Expect notices to land by June 30.

• Crucial Action: Securely maintain your bank statements & solid proofs of all income sources!

• Search Operations: Unaccounted income caught during searches will face a steep 60% Tax.

​Don't wait for a notice to get organized. Keep your financial records compliant and verified! 💼✨

​Source: Divya Bhaskar

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🎓 FREE HOSTEL ADMISSION 2026-27! 🎓

​Moving to a new city for college? Don't let accommodation costs stop your dreams!

​The Govt of Gujarat offers Free/Subsidized Stay in Samras Hostels across 12 major cities (including Ahmedabad, Bhavnagar, Surat, Rajkot).

​🔹 14,000 Total Seats (48% Girls | 52% Boys)

🔹 Eligibility: UG & PG Students (SC/ST/OBC/EWS)

🔹 Selection: Purely Merit-Based

​🚨 Last Date to Apply: 30th June 2026

💻 Apply Online: samras.gujarat.gov.in

(Rural students can also apply via local e-Gram)

​Source: Divya Bhaskar

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🚨 CYBER SECURITY ALERT: SIM SWAPPING FRAUD! 🚨

​A shocking case from Ahmedabad highlights how cybercriminals siphoned off ₹83.37 Lakhs from a prominent jeweler's account in just hours!

​How it happened: Criminals used forged IDs to block the owner’s active SIM card and issued a duplicate one to steal banking OTPs while he was traveling. The owner mistook the sudden signal loss for a routine network glitch!

​The Savior: The firm's alert accountant uncovered the entire scam while requesting a routine OTP to download bank statements.

​⚠️ Crucial Lesson: If your mobile network vanishes unexpectedly for a long time, don't ignore it! Verify with your operator immediately.

​Source: Divya Bhaskar

✨ Big Move for CA Firms & Fresh Talent! 🚀

​The Govt has extended the PM Internship Scheme to include CA Firms! Previously limited to large corporates, thousands of small & mid-sized firms can now onboard interns.

​💡 Monthly Stipend: ₹9,000

• Govt Share: ₹8,100 (Directly via DBT)

• CA Firm Share: ₹900

​This removes the CSR budget barrier, opening doors in Tier-2 & Tier-3 cities. Interns will secure hands-on corporate experience in Tax Audits, GST compliance, ITR filings, and corporate accounting!

​Source: Sandesh Samachar

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⚖️ COURT ORDER: Unaccounted Asset Seizure 🚨

​The court has rejected a UP-based jeweler's plea and ordered 108 kg of Silver (worth ₹75.60L) along with ₹1.38 Crore in cash to be handed over to the Income Tax Department.

​The massive stash was intercepted by police at the Khangela checkpost (Dahod) in a courier van on Feb 11. Due to a lack of legitimate documentation and strong representation by IT Special Public Prosecutor Hardik Shah, the court denied the return of assets, clearing the way for a full tax investigation.

​Compliance is the best strategy to secure your business assets. Stay compliant, stay secure!

​Source: Divya Bhaskar

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ITR Filing — Not Just a Legal Obligation. It's Your Financial Shield. 🛡️

Every year, Taxpayers ask: "Do I really need to file my ITR if my tax is already deducted?" The answer is a firm YES. It matters far beyond mere compliance.

Reasons Why Filing Your ITR is a Smart Financial Decision:

✅ 1. Legal Compliance: Timely filing protects you from penalty notices and departmental scrutiny under the Income Tax Act.

📈 2. Builds Financial Credibility: Your ITR is your official income proof — trusted by banks, NBFCs, landlords, and business partners alike.

🏦 3. Faster Loan & Visa Approvals: Whether it's a home loan, car loan, credit card, or a foreign visa — lenders and embassies rely on your ITR as the primary income document.

📉 4. Carry Forward Your Losses: Business losses or capital losses can be carried forward to future years — but only if your return is filed on time.

💰 5. Claim Your TDS Refund: Excess TDS deducted by your employer or bank? That refund belongs to you — but you can claim it only by filing your ITR.

🗂️ 6. Supports Better Financial Planning: Your ITR gives you a consolidated view of your income, expenses, and savings — a solid foundation for informed investment decisions.

🇮🇳 7. Contributes to Nation Building Taxes collected through honest filing fund public infrastructure, healthcare, education, and welfare — your contribution counts.

📄 8. Creates a Permanent Income Record. An ITR is your most credible, official income document for any future financial or legal requirement.

"Filing your ITR today is a small step — but it secures your financial tomorrow."

📅 Mark Your Calendars! (AY 2026-27 Due Dates):

31st July 2026: Non-Business ITR

31st August 2026: Business ITR [Non-Audited]

31st October 2026: Business ITR [Audited]

Don't wait for the last minute. File early, file right.

📩 For assistance, feel free to reach out to us!