TaxLiability

The “Tax Refund Trap”: A Warning Against a Dangerous New Scam

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The “Tax Refund Trap”: A Warning Against a Dangerous New Scam

Tax season can be stressful, and the promise of a big refund can sound tempting. But a warning from tax expert CA Nitin Kaushik highlights a dangerous new scam: the “tax refund trap.” Some tax consultants are luring clients with offers of “extra refunds.” The trick is simple: they artificially inflate your refund by manipulating … Read more

Advisory: GSTR-1A to Precede GSTR-3B Liability Finalization

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Advisory: GSTR-1A to Precede GSTR-3B Liability Finalization

Advisory regarding non-editable of auto-populated liability in GSTR-3B Jun 7th, 2025  1.GST Portal provides a pre-filled GSTR-3B, where the tax liability gets auto-populated based on the outward supplies declared in GSTR-1/ GSTR-1A/ IFF. As of now taxpayers can edit such auto populated values in form GSTR 3B itself.    2.With introduction of form GSTR 1A, taxpayer … Read more