Vigyan Tax and Management Consultancy LLP

13/02/2026

Consultancy Service Provided:
*Income Tax
*GST
*Project Report
*Audit
*Company and LLP Formation
*12A and 80G Registration,MSME registration

13/02/2026

Get all your Financial Consultancy Solution under One umbrella at Near Chandrapur Post Office,Chandrapur,Dharmanagar,North Tripura:799250

16/01/2026

🚨 GST ALERT for all Businesses & CAs – Updated Jan 2026 Position!

The strict rule under Section 16(2)(aa) still says:
No reflection in *GSTR-2B* = No ITC.

But here's the *big relief* trend from courts in late 2025 & early 2026 👇

Multiple High Courts* (Calcutta, Tripura, Himachal Pradesh, Allahabad, Gauhati & more) have repeatedly ruled:

✅ Retrospective cancellation of supplier's GSTIN *cannot be the SOLE ground* to deny ITC to a *bona fide buyer*.
✅ If you prove the transaction was *genuine* (valid invoice on the date of supply, goods received, e-way bill, bank payment proof, transport docs etc.) → ITC must be protected.
✅ Courts are reading down the provision to save honest taxpayers from supplier defaults/faults.
✅ Department cannot mechanically deny– they must verify genuineness first.

🔥 *Latest Highlights* (as of Jan 2026):

- **Tripura HC** (Jan 2026 – Sahil Enterprises case): ITC cannot be denied just because supplier didn't deposit tax.

Section 16(2)(c) upheld but *read down* – no double taxation on innocent buyer!

- Calcutta HC (Dec 2025): Mere retrospective cancellation ≠ ITC denial if docs prove real supply.

-Supreme Court has issued notice in a key SLP on this exact issue → big final clarity coming soon!

Practical Advice Right Now (Safe + Smart):

1. If invoice not in GSTR-2B due to retrospective cancellation → **Don't claim** ITC immediately (avoid demand + 18% interest).

2. Treat GST paid as *cost* in books for now.

3. Keep *all proofs* super safe (you'll need them if notice comes).

4. Try recovering GST from supplier (legal route if needed).

5. If you get a demand notice → contest strongly citing these recent HC judgments. Many demands are getting quashed/remanded!

GST law is evolving fast in favour of genuine buyers – don't lose hope if you're stuck in this situation. Fight with strong documentation! 💪

(Always consult your CA/Consultant for your specific case – this is for awareness only)

Call now to connect with business.

15/01/2026

Northeast India businesses: stay ahead with the latest regulatory changes that affect your operations. VIGYAN breaks down what’s new, what it means for your timelines and documentation, and the concrete actions you should take now. Since 2023, our local compliance expertise has helped businesses navigate region-specific rules with confidence. Read the full roundup and get practical next steps: https://wix.to/km4A8Ql 🔍📑📞

15/01/2026

VIGYAN TAX AND MANAGEMENT CONSULTANCY LLP Provide Tax and Financial Management Services throughout North East including Audit Service with its head office at Chandrapur,Dharmanagar,North Tripura,Tripura:799250

30/12/2025

Micro and small businesses including NGO's: simplify your business and tax solution with VIGYAN CONSULTANCY at Chandrapur,Dharmanagar,North Tripura,Tripura:799250

30/12/2025

Myth vs. Reality: Northeast tax rules aren’t one-size-fits-all. VIGYAN clarifies three common misconceptions, showing how correct filings can cut penalties and speed refunds — based on our regional filing experience. Want clearer, compliance-ready advice? Visit our office at Chandrapur,Dharmanagar,North Tripura,Tripura:799250

22/07/2025

Get your Complete Finance Consultancy service in one place.
H.O.Near Chandrapur Post Office,Dharmanagar,Tripura:799251
For Online Services please visit the website https://www.vigyanconsultancy.com/

22/07/2025

Vigyan Tax and Management Consultancy!
Best Finance Consultant Service provider now at Near Chandra Post Office, Chandrapur, Dharmanagar, North Tripura
Contact:8415020914,Email:[email protected]

22/07/2025

https://wix.to/dgwuCLF

VIGYAN TAX AND MANAGEMENT CONSULTANCY provide tax and management consultancy service through out North Eastern State with sound financial knowledge exclusively dedicated it for customer benefit. Tax and Accounting Firm

26/05/2025

Vigyan Consultancy at Dharmanagar

05/03/2025

All Finance Solution in One Door Step! Service Provided are
Income Tax,GST, Project Report for Bank Finance,Company Formation and Compliance,LLP Formation and Compliance,Accounts ,12A and 80G RegistrationRegistered Office:Chandrapur,Dharmanagar,North Tripura,Tripura:799251