GD Venture & Associates

GD Venture & Associates Tax Consultant
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आप सभी को होली की हार्दिक शुभकामनाएं।
03/03/2026

आप सभी को होली की हार्दिक शुभकामनाएं।

🏨 GST on Hotel Accommodation (Latest)Room Tariff (per night per room)GST RateUp to ₹7,4995%₹7,500 and above18%🔹 GST is b...
16/01/2026

🏨 GST on Hotel Accommodation (Latest)
Room Tariff (per night per room)
GST Rate
Up to ₹7,499
5%
₹7,500 and above
18%
🔹 GST is based on the declared tariff of the room, not on discounted OTA prices.
⚠️ Important Note on ITC
5% GST on rooms = ❌ No Input Tax Credit (ITC)
18% GST on rooms = ✅ ITC allowed
🍽️ Restaurant in Hotels (for clarity)
Situation
GST
ITC
Normal hotel restaurant
5%
❌ No ITC
Restaurant in hotel where room tariff ≥ ₹7,500
18%
✅ ITC

🚨GST Returns & E-Way Bills are enough to prove movement of goods — Toll receipts NOT mandatory : Allahabad High Court 👇1...
14/01/2026

🚨GST Returns & E-Way Bills are enough to prove movement of goods — Toll receipts NOT mandatory : Allahabad High Court 👇

1. What documents ARE sufficient?: -
✔️ Valid E-Way Bills
✔️ Tax Invoices
✔️ Payments through banking channels
✔️ Proper disclosure in GSTR-1, GSTR-2A & GSTR-3B

2. Big Relief for Taxpayers: -
Allahabad HC held that absence of toll plaza receipts or weighbridge slips cannot be a ground to allege fake movement of goods if statutory GST documents are intact.

3. No Legal Requirement for Toll Receipts: -
The Court clarified:
📌 GST law does not mandate toll plaza receipts or weighbridge slips as statutory proof.
📌 Drawing adverse inference solely due to their absence is perverse & unsustainable.

4. Case Background: -
🔹 State GST authorities issued SCN u/s 74 (UPGST Act)
🔹 Alleged circular trading & fake ITC
🔹 Taxpayer dealt in agricultural goods & areca nuts
🔹 Complete records & tax payments were already furnished

5. Section 74 = Serious Allegations Need Serious Proof:-
HC reiterated:
⚠️ Section 74 applies only when fraud, wilful misstatement or suppression with intent to evade tax is clearly proved.
🛑 Mere words like “circular trading” or “suspicious transactions” are NOT evidence.

6. Suspicion ≠ Proof: -
The Court firmly held:
📌 Suspicion cannot replace proof
📌 SCN & assessment lacked concrete findings of fraud
📌 Hence, proceedings were invalid

7. Crucial Jurisdiction Ruling ⚖️: -
State GST officers cannot initiate proceedings against a Central GST assessee
❌ No cross-empowerment = No jurisdiction
✔️ Authority must come from explicit statutory notification, not assumptions

8. CBIC Circular Support: -
HC relied on:
📄 CBIC Circular dated 13 Dec 2023
📄 Earlier Division Bench rulings
➡️ Reinforcing limits on departmental powers

9. Final Verdict ✅: -
✔️ SCN, assessment & appellate orders quashed
✔️ Proceedings declared without jurisdiction
✔️ Refund of amounts deposited ordered within 1 month

10. Key Takeaways for GST Litigation: -
🔹 E-way bills + GST returns = strong defence
🔹 Section 74 can’t be invoked casually
🔹 Jurisdiction errors can nullify entire proceedings

📌 A strong precedent against arbitrary GST actions

19/12/2025

Today's Business News Headlines from :

Economic Times

📝 Reliance acquires majority stake in Tamil Nadu’s Udhaiyams

📝 Bank of England cuts key interest rates by 25 bps to 3.75% after tight vote

📝 TVS Supply moves NCLAT against NCLT order rejecting insolvency against ZTE

📝 JSW Energy to double Salboni thermal power project to 3,200 MW; investment rising to Rs 40,000 cr

📝 Max Healthcare Institute to invest Rs 1,000 cr to set up super speciality hospital in Pune

📝 India's food delivery platform sector generated Rs 1.2 lakh crore in gross output in FY24: Report

📝 India-Oman trade agreement: Two countries sign CEPA to deepen economic engagement

📝 Home services startup Pronto eyes $25 million fundraise at $100 million valuation

📝 US consumer prices decelerated unexpectedly in November, rising 2.7% from a year earlier

📝 HDFC, BoB raise $1.5 billion from overseas loan market

📝 Parliament clears SHANTI Bill, opening India’s nuclear sector to private players

Business Standard

📝 CCI to investigate IndiGo over recent flight disruptions across routes

📝 US weekly jobless claims fall as labour market remains stable in December

📝 China launches $113 billion free-trade experiment on Hainan island

📝 Trade deal: India gets zero-duty access on over 99% exports to Oman

📝 Japan's Mitsubishi UFJ Financial Group looks to buy 20% in Shriram Finance

📝 Food delivery platforms employed 1.37 million in FY24, says NCAER

📝 HCLTech buys telco solutions business from HPE for nearly $160 million

📝 CuePilot AI secures $1.8 million to bring voice-first AI into preschools

📝 MCA seeks to add 50 NCLT courts and two NCLAT benches: Panel report

📝 FinMin unveils single brand logo for Regional Rural Banks nationwide

📝 Oben Electric raises ₹85 crore, targets ₹100 crore revenue in FY26

📝 Japan's JAPEX buys US tight oil and gas assets in $1.3 billion deal

📝 Ashok Leyland joins ₹1 trillion market cap club; zooms 80% from April low

📝 Elan Group to invest ₹1,600 cr for ultra luxury housing in Gurugram

📝 Nothing raises over $8 million in third community investment round

📝 RP-Sanjiv Goenka Group commits ₹15,800 crore capex in West Bengal

📝 Sebi to revamp M&A rules to protect retail investors, expedite deals

📝 USFDA issues Form 483 with five observations to Aurobindo's Pharma unit

📝 AI adoption in MSMEs can unlock over $500 bn economic value: Report

📝 ACME Solar secures ₹4,725 crore funding for renewable energy projects

📝 Anchor lock-in expiry to unlock $24 billion worth shares by March 2026

Financial Express

📝 Rupee rebounds from record lows, closes higher at 90.24 after RBI intervention

📝 Patel Engineering to invest Rs 1,700 crore to revive 144 MW Gongri hydropower project in Arunachal Pradesh

📝 Cyient acquires over 65% stake in US-based semiconductor company for Rs 838 crore

📝 Indian Inc’s ECB registrations at 2 year low

📝 Govt proposes single framework for securities regulation

📝 Pension sector set for full foreign ownership as FDI cap rises to 100%

📝 Jio, Bharti Airtel, Vi likely to raise prepaid and postpaid tariffs by 20% next year

📝 Cane arrears start building up, govt considering proposal to allow more sugar exports & hike in MSP

Mint

📝 Air India issues travel advisory amid dense fog prediction for Delhi

📝 Accenture's AI revenue tops $1 bn in Q1, says won’t disclose AI nos any more

📝 Nissan plans product blitz, showroom push as it charts revival in India

📝 Trump Media to merge with TAE Technologies in $6B all-stock deal

📝 Vodafone Idea raises ₹3,300cr in NCDs, less than eight weeks after SC breather

📝 Bharti Airtel plans ₹15,740 crore capital raise through partly-paid shares

📝 Travelstack Tech files DRHP with SEBI for ₹250 crore IPO

📝 India proposes perpetual licensing and uniform testing for medical devices.

09/12/2025

Compliance Calender December-2025

1️⃣7th December – Income Tax TDS
2️⃣10th December – ITR (Audit Case)
3️⃣10thDecember – GST TDS & TCS
4️⃣11th December – GSTR-1
5️⃣13th December – GSTR-1 (IFF)
6️⃣15th December – Advance Tax (Oct to Dec 2025)
7️⃣15thDecember – PF & ESI
8️⃣20th December – GSTR-3B
9️⃣30th December - 26QB, 26QC, 26QD, 26QE
🔟31stDecember – Belated & Revised ITR
1⃣1⃣31st December – GSTR- 9 & 9C
1⃣2⃣31stDecember – AOC 4
1⃣3⃣31stDecember – MGT 7/7A

09/12/2025

🚨You can make ₹24,00,000 and legally pay ₹0 tax in FY2025–26.

No expense claims. No complicated books.

It works only for professionals (CA, lawyer, consultant, freelancer, architect, etc.) and only if you opt for presumptive taxation.

08/12/2025

Your GST Registration Can Now Be AUTO-SUSPENDED Without Warning..!!

GSTN just dropped a silent bomb on Dec 5, 2025.

If you got GST registration recently and haven't added your bank account details — your registration may already be SUSPENDED.

Here's what Rule 10A now enforces:

⏱️ THE TIMELINE:
New Registration ↓ 30 Days OR Before Filing GSTR-1/IFF (whichever is EARLIER) ↓ Bank Account Details MUST Be Furnished ↓ ❌ FAILED? → AUTO-SUSPENSION TRIGGERED

🔧 HOW TO FIX IT:
→ Go to: Services > Registration > Amendment (Non-Core Fields)
→ Add bank account details
→ Cancellation proceedings will AUTO-DROP
→ Not dropped? Use the "Initiate Drop Proceedings" button manually

✅ WHO'S EXEMPTED:
→TCS/TDS registrants
→Suo-moto registrations
→NRTP taxpayers
→OIDAR (unless Representative in India = Yes)

07/12/2025

🚨New RBI Saving Bank Account Deposit Rules: -

From April 1, banks must follow these new rules:

✅ No cash deposit charges on BSBD accounts
✅ No limits on digital transactions – UPI, net banking & mobile banking must work freely
✅ Income-based eligibility rejected – banks cannot deny BSBD accounts based on income or profile
✅ Full banking services mandatory – no discrimination vs normal savings accounts
✅ KYC, AML & risk norms will apply equally
✅ Only 1 BSBD account per person across all banks
✅ You cannot hold a regular savings account & BSBD together
✅ Banks must take a customer declaration to enforce this

📊 Loan monitoring also tightening:
✅ Lenders to submit weekly borrower data to credit bureaus (7th, 14th, 21st & month-end)
✅ Objective: better credit tracking, faster & safer lending
👉 This is a major boost for financial inclusion + banking transparency.

16/08/2025
One year returns of EV ecosystem companies 📈
03/08/2025

One year returns of EV ecosystem companies 📈

🚨HIGHEST TAX PAYING COMPANIES IN INDIA  Venture & Associates
03/08/2025

🚨HIGHEST TAX PAYING COMPANIES IN INDIA

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