Newsletter June,2026
June 2026 Knowledge Update | Monthly Newsletter
Dear Readers and Professional Community,
It gives us great pleasure to present the June 2026 edition of our Monthly Newsletter.
As we step into the Income Tax Return filing season, the importance of staying updated and prepared becomes even more significant.
With this objective, we have compiled key articles, updates, and knowledge resources published on our website during the month. Covering Income Tax, GST, and Corporate Laws, this edition is designed to provide practical insights, simplify complex provisions, and help readers navigate compliance with greater confidence.
As the saying goes, “Learning is not attained by chance; it must be sought for with diligence and attended to with care.”
We look forward to bringing you more knowledge, insights, and practical guidance in the editions to come.
Highlights of June 2026 Articles
INCOME TAX KNOWLEDGE HUB
ITR Filing 2026 : Keep Your Data Ready, But Don’t Click Submit Without Review
Rushing your ITR filing may seem efficient, but it could trigger costly corrections, delayed refunds, or unwanted notices later. With the Income Tax Department matching your return against AIS, TIS, Form 26AS, TDS, banking, investment, and GST data, accuracy matters more than speed. The smartest approach is to share documents early, review every detail carefully, and file only after proper reconciliation. Discover common filing mistakes, understand why early preparation differs from early filing, and learn practical steps that protect your refund, reduce compliance risks, and ensure complete peace of mind.
https://www.aagamshahca.com/news-detail/itr-filing-2026-ais-tis-form-26as-review
Why Personal Accounting is Equally Important as Business Accounting Before Filing Your Income Tax Return
Managing personal finances starts with proper accounting, not just tax filing. As income sources multiply across salaries, investments, property, pensions, and global assets, relying only on downloaded tax reports can lead to errors, missed income, or incorrect disclosures. Maintaining your own financial records helps reconcile transactions, verify income, support deductions, strengthen compliance, and make better financial decisions. Accurate personal accounting also simplifies tax filing, loan applications, wealth planning, and future assessments. Discover why keeping your own books is now essential for every taxpayer, professional, investor, and business owner seeking confidence, clarity, and financial control.
https://www.aagamshahca.com/news-detail/personal-accounting-before-income-tax-re
Why Personal Accounting is Important : Real-Life Benefits Beyond Filing Income Tax Returns
Strong personal accounting is the foundation of smarter financial decisions. Beyond recording income and expenses, it helps identify missing income, track refunds, monitor investments, verify tax information, and understand your growing wealth. Organized records reveal cash flows, improve planning, support better investment choices, and ensure important receipts or credits are never overlooked. Whether you are a salaried employee, professional, investor, or retiree, maintaining personal accounts gives clarity, confidence, and control over your finances. Learn how simple recordkeeping can prevent costly mistakes and strengthen financial decision-making throughout the year with practical insights every taxpayer needs.
https://www.aagamshahca.com/news-detail/personal-accounting-benefits
Schedule AL in Income Tax Return (ITR) : Who Needs to Report Assets and Liabilities?
Don't overlook Schedule AL when filing your Income Tax Return. Many eligible taxpayers unknowingly skip this mandatory disclosure, increasing the risk of notices or unnecessary queries. Schedule AL requires reporting assets and related liabilities at their acquisition cost, not current market value. Accurate reporting improves transparency, supports smoother tax compliance, and reduces future scrutiny. Before submitting your return, verify whether Schedule AL applies to you and ensure every required asset and liability is disclosed correctly. Learn the common mistakes to avoid and file with confidence this year for complete peace of mind every time.
https://www.aagamshahca.com/news-detail/schedule-al-income-tax-return
GST KNOWLEDGE HUB
GSTN Extends Timeline for Mandatory “Ship To GSTIN” and Voluntary E-Way Bill Closure Functionality till 1 August, 2026
GSTN’s latest extension gives businesses valuable preparation time, but delaying action could prove costly. The implementation of mandatory “Ship To GSTIN” capture and Voluntary E-Way Bill Closure has shifted to 1 August 2026, offering extra time for system upgrades, testing, training, and process readiness. Use this window to update ERP systems, validate GSTIN data, coordinate with software vendors, and strengthen compliance. Discover what these changes mean for your operations, avoid last-minute disruptions, and stay fully prepared before the revised deadline. Learn practical steps that keep your logistics, compliance, and business confidently future ready today.
https://www.aagamshahca.com/news-detail/gstn-extends-ship-to-gstin-eway-bill-aug
One Wrong Delivery GSTIN Could Stop Your e-Way Bill from 1 August 2026
One small GSTN change could stop your e-Invoice and e-Way Bill from being generated. From 1 August 2026, businesses must capture the correct Ship-to GSTIN in Bill-to/Ship-to transactions and ensure delivery details are accurate. Incorrect GSTINs, mismatched addresses, or poor master data may lead to rejected documents and dispatch delays. The update also introduces a voluntary e-Way Bill closure facility. Learn how these changes affect sales, logistics, accounts, ERP systems, and compliance, plus the practical steps every business should take before implementation to avoid disruptions and ensure seamless operations. Act now to stay prepared.
https://www.aagamshahca.com/news-detail/One-Wrong-Delivery-GSTIN-Could-Stop-Your
From GST Notice to GSTAT Appeals : Complete Sequence of GST Forms, Orders and Appeals
Confused by GST forms? Understanding the litigation journey can save valuable time, money, and legal rights. Every GST notice, reply, order, and appeal serves a different purpose, and misunderstanding forms like DRC-01, DRC-07, ASMT-10, or APL-01 can lead to costly mistakes. Learn the complete sequence from scrutiny and audits to adjudication, appeals, GSTAT, High Court, and Supreme Court. Discover why portal summaries differ from detailed orders, which documents matter most, and how timely action strengthens your case. Stay informed, protect your business, and respond confidently at every stage. Avoid errors through timely professional guidance.
https://www.aagamshahca.com/news-detail/gst-litigation-process
Temporary Identification Number for Unregistered Persons Filing Appeals before GSTAT : A Procedural Vacuum under the GST Law
Can an unregistered person lose the right to appeal because of a missing Temporary Identification Number? This practical GST gap affects individuals facing penalties despite having no GST registration. While a recent High Court ruling protected the right to appeal, uncertainty remains over which authority should issue the Temporary ID. Learn why this procedural vacuum matters for taxpayers and professionals, the risks it creates, and why timely administrative clarification is essential for fair digital justice under GST. Discover the practical implications before they affect your next appeal or advisory strategy. Protect your rights today.
https://www.aagamshahca.com/news-detail/temporary-id-gstat-app
GSTAT Filing Deadline Extended to 31 July 2026: What the New Notification Means for Taxpayers
Good news for GST taxpayers: the GSTAT filing deadline has been extended to 31 July 2026. Eligible taxpayers now have additional time to file specified appeals and applications, but the extension applies only to covered cases. Understanding the revised timelines is essential to avoid missing important deadlines and protecting your legal rights. Review pending matters, verify eligibility, and act promptly. Our article explains who benefits, what changed, key exceptions, and practical examples to help taxpayers and businesses file confidently before time runs out before filing, consult your Chartered Accountant for timely guidance and compliance.
https://www.aagamshahca.com/news-detail/gstat-filing-deadline-extended-31-july-2
Disclaimer: This article is for informational purposes only and should not be construed as legal or professional advice. Taxpayers should consult their tax advisor based on the facts of their specific case before taking any action.
