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Deductee can generate a Child Certificate through the TRACES portal by filing Form 128 to authorize deduct/collect tax at a lower rate if the number of deductors exceeds 100 & details are unavailable
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Other TRACES portal Update:
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Update registered mobile number & email ID in TRACES profile to facilitate additional authentication in the coming weeks.
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LDC/NDC certificates for TY 2026–27 are being issued under the new Act, mapping with old provisions for ease.
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DIN Verification enabled for TY 2026-27, homepage ‘verify authenticity of notice/letter/order’.
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Filing of form 129(old 15E), 126(old 15C/15D) and 128(old 13) under new act is live.
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Download Lower/Nil deduction functionality is restored.
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Goods And Services Tax
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JSON Format Mandatory for Annexure-B for Filing Refund
The GST portal has introduced major procedural changes for refund claims of accumulated ITC. Annexure-B is now required to be prepared through the offline utility and uploaded in JSON format with enhanced invoice-level details such as inward supply type, document type, eligible/ineligible ITC, blocked credit under Section 17(5), and GSTR-2B period mapping.
The update indicates system-based validation of refund invoices with GSTR-2B, making refund filings more reconciliation-driven and reducing manual scrutiny. Taxpayers claiming refunds under Section 54 read with Rule 89 must now ensure proper reconciliation between books, GSTR-2B, ITC ledger, and refund workings before filing FORM GST RFD-01.
While the move may improve invoice-level verification and transparency, it is expected to significantly increase compliance and documentation requirements for exporters, SEZ suppliers, and other refund applicants.
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