GST Today

GST Today Welcome to our FB page, Prime Accountants. Email - [email protected]

Through this page, we explain GST concepts, practice ans procedures through lucid examples and short case studies for easy understanding of our viewers.

02/06/2026

GST Portal getting automated. You will not be able to manually correct your ITC claim@in GSTR 3B ?

01/06/2026

“सरकार कहती है — notice portal पर थी।
रमेश जी कहते हैं — portal तो बंद हो चुका था।
Supreme Court कहती है — रुको, हम सोचेंगे।
और आप? — अभी भी सो रहे हो?
GST portal check करो — वरना अगली कहानी तुम्हारी होगी।

Exploring the stay on Allahabad High Court Judgement by Hon’ble Supreme Court of India in case of State of UP v. M/s Bambino Agro Industries Ltd. (SC SLP, 29.05.2026).

Understand in today’s video, what taxpayers should so now.

29/05/2026

Decoding GST on Director Remuneration.

27/05/2026

Two major changes in e-way bill effective from June 15, 2026.

Here’s a breakdown of the withholding tax implications in case of advance received by landowner from builder developer i...
24/05/2026

Here’s a breakdown of the withholding tax implications in case of advance received by landowner from builder developer in a joint development agreement (JDA). Here’s a step by step guide as to how taxpayer can continue to carry forward the TDS credit into subsequent years' ITRs until the year in which the builder formally hands over the completed property possession to the landowner.

Click here to read the full article 👇

https://www.primeaccountants.in/post/withholding-tax-implications-of-joint-development-agreement-under-new-income-tax-act-2025

20/05/2026

Section 148 of new Income Tax Act 2025 explained.

Section 148 of the New Income Tax Act, 2025 provides a specific deduction to a Domestic Company in respect of dividend income received from another Domestic Company.

This provision is aimed at eliminating the cascading effect of taxation on dividends passing through a chain of companies — commonly referred to as Dividend Layering.

Section 148 (erstwhile section 80M of old Income Tax Act, 1961) is applicable to Domestic Companies only.

The dividend must be distributed to shareholders on or before the due date of filing the Income Tax Return under the New Income Tax Act, 2025. Non-compliance with this condition shall result in denial of the deduction.

The deduction shall be equal to the lower of the following:

→ Dividend received from another Domestic Company
→ Dividend distributed by the assessee company to its own shareholders

For more such high value tax updates, follow

18/05/2026

Section 145 of the New Income Tax Act, 2025 Explained

Govt. has provided this deduction u/s 145 (earlier section 80JJA of Income Tax Act, 1961) for businesses engaged in collecting and processing of biodegradable waste.

This section provides a 100% deduction on profits for businesses engaged in collecting and processing biodegradable waste, covering activities like generating power, producing bio-fertilisers, bio-pesticides, biogas, fuel pellets or briquettes and organic manure — for five consecutive tax years from the year the business commences.

India’s tax law has long recognised that businesses solving environmental problems deserve financial recognition.

This video examines Section 145 of the New Income Tax Act, 2025, effective from 1st April 2026, in its entirety —
what it covers, who qualifies, how the deduction is structured and what has changed, or more precisely, what has not.

For more such high value updates, write to me or follow our channel

18/05/2026

Inheritance Rights of a Wife in an HUF vs Hindu Succession Act, 1956 | Mitakshara Law

This video examines one of the most consequential
and least understood distinctions in Hindu succession law - difference between a wife’s legal standing
as a Member of an HUF and her standing as a legal heir
under the Hindu Succession Act, 1956.

Under Mitakshara law, the wife of a Karta is a Member of the HUF by virtue of marriage, not a Coparcener.
Membership does not confer the right to demand partition, nor does it create an independent claim
over any asset held within the HUF.

On the intestate death of her husband, her entitlement is limited to maintenance under the Hindu Adoptions and Maintenance Act, 1956.

By contrast, where a husband holds self-acquired property in his personal name, his wife is recognised as a Class I legal heir under Section 8 read with the Schedule
of the Hindu Succession Act, 1956.

The property devolves on her by succession not survivorship in equal share with surviving children.
In the absence of other Class I heirs, the estate vests in her entirely.

The distinction is not incidental. It is structural, rooted in the nature of the property, the legal character of the as an entity and the rules that govern devolution within it.

17/05/2026

Replacing section 80JJAA of old Income Tax Act 1961 with section 146 of new Income Tax Act 2025.

Section 146 is one provision you cannot afford to overlook. Under the New Income Tax Act, 2025,
every eligible new employee you hire
earns your business a 30% deduction
on their employment cost for three consecutive years.

Not a rebate. Not a credit.

This is a deduction on the cost of building your team.

But the eligibility conditions are precise - salary thresholds, minimum working days, payment modes — each one a gate that determines whether you qualify or not.

And if your business was acquired, restructured, reorganised, or picked up through a transfer, the provision has a specific position on that too.

Know the rules before you build your headcount strategy.
Because this benefit doesn’t find you.

You have to find it.

For more such high value tax updates, write to us or follow our channel !!

17/05/2026

No DTAA? You may STILL get foreign tax relief under Section 160 of the new Income Tax Act 2025. Most taxpayers completely miss this.

Section 160 of the new Income Tax Act 2025 provides relief from double taxation even when India does NOT have a DTAA (tax treaty) with another country.

This means if an Indian resident earns income abroad and pays tax there, India may allow a credit for those taxes while computing Indian tax liability.

However, the relief is restricted to the lower of:
✔️ Foreign tax paid
✔️ Indian tax payable on that income

A crucial provision for freelancers, consultants, NRIs, creators and global professionals earning cross-border income.

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