Vectigal Tax Solutions Private Limited

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Vectigal Tax Solutions Private Limited VECTIGAL TAX SOLUTIONS PRIVATE LIMITED

Vectigal Tax Solutions Private Limited offers a specialized team of professionals, including seasoned Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers, and Bankers, delivering comprehensive services tailored for small and medium-sized enterprises.

π”ππƒπ€π“πˆπŽπ πŽπ… 𝐍𝐄𝐖 π…πŽπ‘πŒπ’ 𝐎𝐍 π•πŸ‘ ππŽπ‘π“π€π‹ πŽπ… πŒπ‚π€ 𝐀𝐍𝐃 πƒπˆπ’π‚πŽππ“πˆππ”π€ππ‚π„ πŽπ… πŒπ‚π€-π•πŸ ππŽπ‘π“π€π‹(1) Company e-Filings on V2 portal wi...
11/06/2025


π”ππƒπ€π“πˆπŽπ πŽπ… 𝐍𝐄𝐖 π…πŽπ‘πŒπ’ 𝐎𝐍 π•πŸ‘ ππŽπ‘π“π€π‹ πŽπ… πŒπ‚π€ 𝐀𝐍𝐃 πƒπˆπ’π‚πŽππ“πˆππ”π€ππ‚π„ πŽπ… πŒπ‚π€-π•πŸ ππŽπ‘π“π€π‹
(1) Company e-Filings on V2 portal will be disabled from 18th June 2025 12:00 AM. Thus, all the stakeholders are advised to ensure that no SRNs are under pending payment/Resubmission status.
(2) Offline payments in V2 using Pay later option will be stopped from 08th June 2025 12:00 AM. Therefore, you are requested to make payments for these forms in V2 through online mode only. (Credit/Debit Card and Net Banking)
(3) In view of the upcoming launch, V3 portal will not be available from 09th July 2025 12:00 AM to 13th July 2025 11:59 PM. Accordingly, stakeholders are advised to plan and file/resubmit current V3 forms before 09th July 2025 as there will be no waiver of fees or extension of resubmission period, if the due date/resubmission date fall within the mentioned downtime period i.e. 09th July 2025 12:00 AM to 13th July 2025 11:59 PM.
(4) Stakeholders are advised to create user ID/upgrade existing V2 ID/Merge V2 ID in V3 system under β€˜Business user’ category and associate the DSC if not already done.
(5) Stakeholders are requested to check the SRNs that are currently pending with status ’Pending for upload of Investor details’, β€˜Pending for Subsidiary Details’ and upload the details by using services available on MCA portal [β€˜Upload details of Security Holders/Depositors’ and β€˜Update Subsidiary Details’] by 17th June 2025, failing which SRN will be marked under β€˜NTBR’ status.

πŸ“’ 𝐖𝐄 𝐀𝐑𝐄 π‡πˆπ‘πˆππ† πŸ“’
28/05/2025


πŸ“’ 𝐖𝐄 𝐀𝐑𝐄 π‡πˆπ‘πˆππ† πŸ“’

"𝐏𝐑𝐄 πƒπ„ππŽπ’πˆπ“ π…πŽπ‘ 𝐆𝐒𝐓 𝐀𝐏𝐏𝐄𝐀𝐋 𝐂𝐀𝐍 𝐁𝐄 πƒπ„ππŽπ’πˆπ“π„πƒ π“π‡π‘πŽπ”π†π‡ πˆπ“π‚ ππŽπ–"The Supreme Court has upheld a Gujarat High Cou...
23/05/2025


"𝐏𝐑𝐄 πƒπ„ππŽπ’πˆπ“ π…πŽπ‘ 𝐆𝐒𝐓 𝐀𝐏𝐏𝐄𝐀𝐋 𝐂𝐀𝐍 𝐁𝐄 πƒπ„ππŽπ’πˆπ“π„πƒ π“π‡π‘πŽπ”π†π‡ πˆπ“π‚ ππŽπ–"
The Supreme Court has upheld a Gujarat High Court ruling allowing businesses to use the balance in their Electronic Credit Ledger (ECL)β€”which includes accumulated Input Tax Credit (ITC)β€”to make the mandatory 10% pre-deposit required for filing an appeal under the GST law.

In the case Yasho Industries vs. Union of India, the company had paid 10% of the disputed tax (β‚Ή3.36 crore) using the ECL through Form GST DRC-03. However, the tax department rejected this mode of payment, insisting on a cash deposit. The company challenged this, and the High Court ruled in its favor. The Supreme Court has now confirmed that ruling, stating such payments meet the requirement under Section 107(6)(b) of the CGST Act, 2017.

This decision is a major relief, especially for small and medium-sized enterprises (SMEs), which often struggle with cash flow during litigation. It allows taxpayers to use their existing ITC instead of cash, helping them avoid the financial strain of diverting working capital toward litigation.

Additionally, if the taxpayer wins the appeal, there's no need for a lengthy refund processβ€”the adjustment remains within their credit ledger. The judgment simplifies the appeal process and reduces financial burden, offering practical relief to businesses under the GST regime.

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S-50, NEELGIRI COMPLEX, FAIZABAD Road
Lucknow
226016

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Monday 11am - 7pm
Tuesday 11am - 7pm
Wednesday 11am - 7pm
Thursday 11am - 7pm
Friday 11am - 7pm
Saturday 11am - 7pm

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