The CA Desk

🚩 Happy Jagannath Rath Yatra!

The Rath Yatra reminds us that progress begins when we move with purpose, integrity, and faith. Just as the divine chariot never stops, businesses too must keep moving forward with ethical leadership, trust, and resilience.

At The CA Desk, we remain committed to helping businesses navigate complexity with confidence—because clarity drives growth.

May Lord Jagannath bless you with wisdom, prosperity, good health, and continued success.

Happy Rath Yatra!

🌐 www.thecadesk.com

🚨 WE'RE HIRING | ARTICLED ASSISTANT (CA Articleship) 🚨

Looking for a place where your Articleship is more than just routine compliance work?

Join The CA Desk and gain practical exposure across multiple domains while learning directly from experienced Chartered Accountants.

✨ What You'll Get
✅ Exposure to GST, Income Tax, NRI Taxation, FEMA, DTAA, SOP, MIS, Project Loans, Subsidy & more
✅ Structured learning and CA-led mentorship
✅ Technology-driven work environment
✅ Real client interaction and practical experience
✅ Career-focused learning with continuous growth

📍 Location: Rajkot (On-site)
⏰ Working Hours: 10:30 AM – 7:45 PM (1 Hour Lunch Break)
💰 Stipend: ₹4,000 per month (Hike as per ICAI slab)
🎓 Pre-Articleship Option Available

Eligibility
• CA Intermediate (IPCC/Inter) Students
• B.Com Graduates (Preferred)
• Basic knowledge of Accounting, Taxation & MS Office
• Eager to learn with a positive attitude

📲 Send your CV on WhatsApp: +91 8412834190

🌐 Website: www.thecadesk.com

Generate a Token By 31 July 2026, File GST Appeal Within 60 Days: Major Relief by GSTAT

GSTAT Introduces Token-Based Mechanism for GST Appeal Filing Till 31 July 2026; Appeals Can Be Completed Within 60 Days
The Goods and Services Tax Appellate Tribunal (GSTAT) has introduced a special token-based mechanism to facilitate taxpayers and tax authorities in filing appeals under Section 112 of the CGST Act, 2017. The mechanism has been introduced through Order No. 156/2026 dated 10 July 2026 to ensure that genuine appellants do not lose their right to appeal due to technical or procedural difficulties on the e-filing portal.

Background:
The GSTAT noted that its online e-filing portal has been fully operational since 24 September 2025 and that the due date for filing appeals under Section 112(1) and 112(3) had already been extended up to 31 July 2026. To facilitate smooth filing, the Hon'ble President of GSTAT has exercised powers under Rule 123 of the GST Appellate Tribunal (Procedure) Rules, 2025, to introduce an additional mechanism allowing appellants to record their intent to file an appeal before the due date.

If you want to know in brief how token mechanism works - comment blelow - TOKEN

Input Tax Credit Cannot Be Denied Merely Because Supplier's GST Registration Was Retrospectively Cancelled: High Court

Case Summary:
The court set aside assessment orders that denied input tax credit solely because the supplier’s GST registration was retrospectively cancelled. Finding most supplies occurred before cancellation, the court held the tax authority must examine the genuineness of transactions by considering invoices, e-way bills, delivery challans, lorry receipts, proof of payment and related documents rather than relying only on retrospective cancellation. The matters are remanded for fresh assessment after affording a reasonable opportunity to the petitioner; a fresh order must be issued within three months of receipt of this order. Writ petitions are disposed of with no costs.

GSTN Postpones Mandatory 'Ship To GSTIN' and Voluntary E-Way Bill Closure Functionalities from 15 June 2026 to 1 August 2026

Subject: Extension of timeline for implementation of mandatory "Ship To GSTIN" and Voluntary Closure of E-Way Bill functionalities

Reference is invited to the GSTN Advisory dated 20.05.2026, wherein it was informed that the following functionalities would be implemented in the E-Way Bill system with effect from 15th June, 2026:

1. Mandatory capture of "Ship To GSTIN" in Bill-To/Ship-To transactions; and

2. Voluntary Closure of E-Way Bill functionality.

Representations have been received from trade and industry seeking extension of the implementation timeline, citing the requirement of system changes, testing, API/ERP readiness and master data updation across the taxpayer ecosystem.

In view of the above, and to facilitate smooth transition and adequate preparedness by taxpayers, GSPs, ERP providers and other stakeholders, it has been decided to extend the implementation timeline for both the above functionalities.

Accordingly, the mandatory capture of "Ship To GSTIN" in Bill-To/Ship-To transactions and the Voluntary Closure of E-Way Bill functionality shall be implemented with effect from 1st August, 2026, instead of 15th June, 2026.

Taxpayers, GSPs, ERP providers and other stakeholders are advised to complete the necessary system changes, testing and operational preparedness before the revised implementation date.

𝗥𝗲𝘁𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 𝗧𝗮𝘅 𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁𝘀: 𝗜𝘀 𝗧𝗮𝘅 𝗖𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆 𝗦𝘁𝗶𝗹𝗹 𝗔𝗻 𝗜𝗹𝗹𝘂𝘀𝗶𝗼𝗻 in India? 😇

The recent decision in National Agricultural Coop. Marketing Federation of India Ltd. v. CIT [2026] 186 taxmann.com 932 (Delhi) once again brings into focus a recurring concern for taxpayers in India — the impact of retrospective amendments on settled litigation.
In this case, the Tribunal had originally decided the matter in favour of the assessee based on the law as it existed at that point in time. Subsequently, Parliament amended section 80P(2)(a)(iii) with retrospective effect from 01.04.1968. Based on this retrospective amendment, the Revenue filed a Miscellaneous Application, and the Tribunal rectified its earlier order. The Delhi High Court upheld this approach.
From a legal standpoint, the judgment follows established principles: once Parliament validly enacts a retrospective amendment, the amended provision is deemed to have existed from the retrospective date itself. Consequently, an order inconsistent with such amended law may be treated as suffering from a mistake apparent from the record.
However, the larger policy question remains:
🔹 What happens to tax certainty when an assessee succeeds before the Tribunal based on the prevailing law, only to see the legal position altered years later?
🔹 Can taxpayers confidently plan their affairs when retrospective amendments have the power to reopen settled expectations?
🔹 Does repeated retrospective legislation undermine the principle that tax laws should be predictable, stable and transparent?
While retrospective amendments are constitutionally permissible and have been upheld by courts in numerous cases, they continue to generate debate regarding fairness, certainty and investor confidence.
Tax administration should not only be legally correct; it should also inspire confidence that disputes, once settled, will remain settled except in truly exceptional circumstances.
The challenge for policymakers is to strike a balance between protecting revenue interests and preserving the certainty that taxpayers legitimately expect from the legal system.

Just now • Visible to anyone on or off LinkedIn
🇮🇳 India’s Next Big Investment Story Is Taking Shape

The Government’s latest reforms to foreign investment and capital market access are more than just regulatory changes—they are a strategic step toward positioning India as one of the world’s most attractive destinations for global capital.

Key highlights include:
✅ Higher investment limits for overseas individual investors
✅ Easier access to Indian debt markets
✅ Expanded participation in Government Securities and Sovereign Green Bonds
✅ Tax incentives aimed at attracting long-term foreign capital

What does this mean for India?
🔹 Increased foreign capital inflows can strengthen market liquidity and support economic growth.
🔹 A deeper bond market can reduce funding costs and improve access to capital for businesses and infrastructure projects.
🔹 Greater participation from global pension funds, sovereign wealth funds, and institutional investors can enhance market stability.
🔹 The reforms reinforce India's ambition to become a leading global financial and investment hub.

While implementation and policy consistency will determine the long-term outcome, the direction is clear: India is actively building a more competitive and investor-friendly ecosystem.

For businesses, investors, and finance professionals, this is a development worth watching closely.

What are your thoughts? Will these reforms significantly boost foreign investment into India over the next few years?

"I already filed my ITR. How can there be a Tax Notice?"

That's what a taxpayer asked us after receiving a Tax Notice.

When we reviewed his return, we found missed deductions, wrong claims of deductions and reporting errors that could have been avoided.

At The CA Desk, we don't just file ITRs.

We first understand your financial situation, ask the right questions, and help you:

✅ Claim eligible deductions
✅ Avoid costly mistakes
✅ Maximize refunds
✅ Build a stronger financial position which can help you to take bank funds

Because tax filing is not just compliance.

It's an opportunity to make smarter financial decisions.

📩 Send us a message today for a quick consultation to check Whether you are filing your ITR properly or not ?

You may follow us on,
https://thecadesk.com/itr-filing/