Articles 1361–1400 of 2673, covering FEMA · RBI Compliance, GST · Advanced Compliance, Income Tax · Filing & Notices and more.
A compounding file should read like a clear story: what happened, when it happened, why it was delayed, which FEMA provision is involved and how the default…
FLA return quality depends on financial statement data, cap table and foreign liabilities/assets schedules. Mismatch with balance sheet or prior-year filings…
A foreign bank account is not just a convenience tool. Residents should understand the purpose, remittance source, balance, income, tax disclosure and LRS…
Founders and employees often pay overseas costs personally. LRS may be relevant for personal remittances, but company expenses, reimbursements and business…
Family remittances abroad may be permitted under LRS, but the remitter should still preserve purpose, relationship, bank forms, tax source and annual limit…
Merchanting trade is not normal import/export accounting because goods may not enter India while payment and trade documents still pass through India. Bank…
Overseas investment compliance does not stop after remittance. Indian investors should track overseas entity performance, dues, repatriation and APR-type…
Netting or set-off sounds efficient, but export receipts and import payments are regulated flows. The documentation should prove commercial basis, bank…
Import financing through buyer’s credit or supplier’s credit can reduce working-capital pressure, but it still needs import documentation, bank approval…
GST annual return preparation should not begin on the portal. It should begin with a year-wise data pack that reconciles books, returns, ITC, RCM, refunds and…
E-invoice failures usually come from weak master data: wrong GSTIN, PIN, HSN, invoice number, tax rate or duplicate references. Fixing master data before…
ITC risk is now a vendor-management problem. If vendors do not report, pay or correct invoices, the buyer must decide whether to follow up, reverse, reclaim or…
LUT is not a one-time export form. Exporters should renew/track LUT, align export invoices, monitor realisation evidence and connect the LUT file with refund…
GST notices become risky when teams reply with explanations but no evidence. Startups should build an issue-wise file before drafting the response.
Consulting businesses often serve customers across states without physical delivery. Place of supply determines whether IGST or CGST/SGST applies and should be…
GST reconciliation should be visible as a dashboard, not hidden in month-end files. Finance leaders need one view of mismatches, cash risk, ITC leakage…
Refund claims fail when documents are scattered across sales, GST, bank and AP teams. Exporters and SaaS businesses should maintain a claim-wise refund tracker.
GSTR-1 errors are not only seller-side errors. Wrong GSTIN, invoice value, tax rate or period can block customer ITC and create GSTR-1 vs 3B mismatch.
GSTR-3B is the tax-payment control point. Once filed, errors must be analysed through next-period correction, ledger impact, interest and evidence — not casual…
E-way bill blocking can stop dispatches overnight. The finance team needs a return-filing tracker, unblocking evidence and logistics escalation process.
Detention cases are won or lost on documents. Invoice, e-way bill, vehicle, transporter and tax records must prove that movement matches the paperwork.
GST compliance is now a data chain. If e-invoice, e-way bill, GSTR-1, 3B, 2B and books do not connect, the difference becomes a notice risk.
Credit notes affect revenue, GST liability and customer ITC. Annual close should identify pending sales returns, rate differences and discount schemes before…
DRC-01B style mismatch intimation should not be answered from memory. Build a tax-period bridge between GSTR-1, GSTR-3B, books and payments before replying.
ITC mismatch response needs invoice-level analysis. The reply should show what is eligible, what is reversed, what is timing difference and what is vendor…
Classification disputes are not solved by invoice description alone. Build a technical and commercial file showing what is supplied, how it is used and why the…
RCM is easy to miss because it hides inside expense ledgers. Year-end true-up should scan vendors, imports, reimbursements and specific expense categories.
E-commerce sellers should not rely only on marketplace dashboards. TCS credit, operator turnover, returns, cancellations and GSTR-1 sales must be reconciled…
GSTR-9C is not a form-filling exercise. It reconciles audited accounts, annual return, tax paid and ITC positions — finance must prepare the evidence before…
Wrong e-invoices need quick action. If cancellation window is missed, the credit-note and amendment route must be controlled through books, GSTR-1 and customer…
Multi-vehicle movement can create mismatch risk if e-way bill, vehicle, quantity and transporter records are not updated. Logistics and finance need one…
CFO review should focus on exceptions, not return screenshots. A strong GST pack shows cash risk, ITC leakage, refunds, notices, failures and owner-wise…
Customer master errors flow into invoices, e-invoices, GSTR-1 and customer ITC. Fixing GSTIN, state code and place-of-supply fields before invoicing prevents…
GST notices increasingly come from data mismatches. Finance teams should monitor the same red flags: return gaps, ITC mismatch, refund spikes, e-way/e-invoice…
Interest computation is often treated as an afterthought. Build a working file that identifies period, reason, tax amount, payment date, ledger use and…
GST filing quality improves when the month close has dates, owners and freeze points. A 10-day discipline can prevent rushed GSTR-1/3B filing and missed…
Late fees and penalties should not sit hidden in ledgers. Finance teams need a tracker that links default, law/notice, amount, payment, waiver and remediation…
Refund rejection should be analysed like a mini-litigation file. Identify whether the issue is eligibility, documentation, computation, time limit or…
Vendor master data is now an ITC control. Wrong GSTIN, inactive vendors, delayed return filing and mismatched invoices directly affect credit recovery and…
Consultants often underpay advance tax because they look only at bank balance, not projected annual income. Build a simple forecast using receipts, expenses…