Goel sharma & Associates

Welcome to Goel Sharma & Associates

We are a reputed Chartered Accountants firm based in Delhi NCR, founded by an ex-partner of a leading CA firm, alongside a dynamic and energetic team committed to delivering expert professional services with integrity and adherence to the highest standards of professional ethics. Backed by over 35 years of extensive experience in the profession, we have built a strong reputation for excellence and trust.

Our firm is registered with the Institute of Chartered Accountants of India (ICAI) and empaneled with the Reserve Bank of India (RBI) & Comptroller and Auditor General of India (CAG) for statutory audits of public sector Banks and Undertakings. We offer a comprehensive range of services across multiple verticals, including Audit & Assurance, Risk Advisory, Transaction Tax Advisory, Management Consultancy, Direct & Indirect Taxation Advisory, Corporate Laws & other Regulatory Compliance, Business Process Outsourcing, Virtual CFO / Strategic Advisory, Corporate Restructuring, Merger & Acquisition, Private Equity, Valuation Services, Due Diligence Support services, Listing on SME Exchange or Main Board.

Our Services

Audit and Assurance Services

We offer comprehensive Audit and Assurance Services aimed at enhancing the credibility of financial information

Risk Advisory Services

Our Risk Advisory Services are designed to help organizations proactively identify, assess

Direct Taxation Services

Our Direct Tax Advisory Services are designed to provide strategic guidance, compliance

GST Advisory Services

Our firm provides end-to-end support to ensure businesses remain compliant with evolving GST laws

Corporate Tax Advisory Services

Our Corporate Tax Advisory Services are tailored to meet the evolving needs of businesses in managing

Corporate Law & Related Matters

Our team offers comprehensive legal and compliance support under Indian corporate laws

Transaction Advisory Services

We offer a comprehensive suite of Transaction Advisory Services to guide clients through

Business Process Outsourcing (BPO) Services

We offer scalable BPO solutions to help businesses streamline operations, reduce costs, and focus

Virtual CFO & Strategic Financial Advisory

Our Virtual CFO and Strategic Financial Advisory services provide high-level financial oversight

Business Valuation Services

Our team offers comprehensive legal and compliance support under Indian corporate laws

News

20 Mar 26
Net Direct Tax Collections Rise 7.19% to Rs 22.8 Lakh Crore in FY26
Finance Ministry Revises Monetary Threshold in FEMA Enforcement Cases: Key Changes Notified
Gujarat HC: GST ITC as a Transferable Business Asset Can’t Be Denied Due to State-Wise Registrations
GST Advisory 653: Confirmation of “Tax Liability Breakup, As Applicable” in GSTR-3B
Bajaj Electricals Limited Discloses ?3.62 Crore GST Demand Upheld in Adverse Appeal Order
Delhi HC Allows Consolidation of GST SCNs Covering Multiple FY U/S 73 & 74
19 Mar 26
CBDT Corrects Income Tax Amendment Rules 2026 Name via Corrigendum
RBI Launches DLA Directory, Tightens Norms Against Illegal Loan Apps
Major GST Reform: Goa Holds Property Owners Accountable for Event Taxes
Return Preparation & File Validation Utility vs TDS Software
CBDT Renames IT Amendment Rules, 2026 as IT (First Amendment) Rules, 2026
18 Mar 26
GSTAT Instructions (F. No. 125/2025-26): GST Appeals and Required Documents on the Portal
Gauhati HC: Form GST DRC-01 Is Supplementary and Can’t Substitute Issuance U/S 73(1)
How ROC Software Manages AGM, EGM and Board Meetings
Supreme Court: Clerical Mistakes in GST Returns Not a Valid Reason to Deny Export Refunds
MP Raghav Chadha Suggests Joint ITR Filing Option for Married Couples in Parliament
17 Mar 26
Maharashtra Allows PAN-Based Profession Tax Payment Amid MahaGST Portal Issues
GST Portal Requires Confirmation of "Tax Liability Breakup" in GSTR-3B from Feb 2026
MH Tax Department Grants Relief on PT Registration and Filing Due to GST Portal Glitches
IT Dept Asks Taxpayers to Ignore Erroneous Emails on ‘Significant Transactions’ and Advance Tax
Bengaluru GST Dept Warns About Fake Tax Officials Through Trade Notice 02/2026
16 Mar 26
GSTN Issues Advisory on Pre-Deposit Payment While Filing Appeals Before First Appellate Authority
Income Tax Department Clarifies `Significant Transactions` Emails Sent During Advance Tax e-Campaign for AY 2026-27
Centre Renames Personal Income Tax as Non-Corporate Tax from FY 2025-26
15 Mar 26
ROC Bangalore Imposes Penalty on Indo-MIM Limited, Directors for Absence of Resident Director
Gujarat AAR Holds Advance Received by Assessee as ‘Consideration’ Under GST
How Balance Sheet Software Works with Trial Group Master
14 Mar 26
Gujarat AAR Holds Advance Received by Assessee as ‘Consideration’ Under GST
WB AAR: GST Exemption Allowed on Waste Transport Services Provided to Municipal Corporation as Pure Services
Karnataka HC: Solar Inverters Eligible for 5% Concessional GST, Quashes ?120 Cr Tax Demand
12 Mar 26
Govt Raises Collateral-Free Farm Loan Limit to Rs 2 Lakh to Boost Agricultural Credit
E-Way Bill Generation Rises 18.8% YoY to 132.6 Million in February 2026
Madras HC Permits to File a Fresh Appeal as GST SCN Was Uploaded Only on Portal
Businesses Face GST Registration Suspension After Welcome Kit Delivery Failure
Gauhati HC Allows Restoration of Cancelled GST Registration After Delay Due to Medical Emergency
11 Mar 26
ICAI Releases Handbook on Key Compliances and Exemptions for Private Limited Companies
Bombay HC Cancels GST DGGI Seizure, Orders ?1 Cr Cash Refund
How TDS Software Merges Duplicate Deductee Master Data
Bombay HC Quashes GST Bank Account Attachment Orders Under MGST Act for Lack of Proper Reasons
09 Mar 26
CIC Asks Income Tax Department to Fix TDS Mismatch Process, Protect Honest Taxpayers
Income Tax Rules 2026: Financial Institutions Must Report Crypto and Digital Currency Holdings
08 Mar 26
Finance Ministry Appoints Ms. Krati Nigam as CGST Joint Commissioner in GST Authority Amendment
CIC Asks Income Tax Department to Fix TDS Mismatch Process, Protect Honest Taxpayers
Allahabad HC Examines Criminal Proceedings Over Cash Transactions Exceeding ?2 Lakh U/S 269ST
07 Mar 26
Chhattisgarh HC Rejects Writ Petition Seeking Refund of Plot Allotment Money After GST Demand
Big Relief to Dell India: Allahabad HC Stays ?13 Cr GST Demand Order Over Jurisdictional Error
Allahabad HC Quashes ?1.02 Crore GST Demand; Interest Not Quantified in SCN Cannot Be Levied Later
06 Mar 26
Delhi (PB) GSTAT Dismisses GST Profiteering Case After ITC Benefit Found to Be Nil
Bombay HC Sets Aside GST SCN U/S 74 for Clubbing Multiple FY in a Single Notice
05 Mar 26
New Draft Format for TDS/TCS Book Adjustment: Full Details, Applicability & Compliance Guide
Madras HC Quashes GST Cancellation for 6-Month Non-Filing, Cites Health and Financial Hardship
Ahmedabad ITAT Sets Aside Sec 271(1)(c) Penalty on Axis Bank Over Bona Fide Accounting Method
ROC Gwalior Imposes ?1.76 Lakh Penalty on Company and Directors for Non-Filing u/s 137

20 Mar 26

Net Direct Tax Collections Rise 7.19% to Rs 22.8 Lakh Crore in FY26

Finance Ministry Revises Monetary Threshold in FEMA Enforcement Cases: Key Changes Notified

Gujarat HC: GST ITC as a Transferable Business Asset Can’t Be Denied Due to State-Wise Registrations

GST Advisory 653: Confirmation of “Tax Liability Breakup, As Applicable” in GSTR-3B

Bajaj Electricals Limited Discloses ?3.62 Crore GST Demand Upheld in Adverse Appeal Order

Delhi HC Allows Consolidation of GST SCNs Covering Multiple FY U/S 73 & 74

19 Mar 26

CBDT Corrects Income Tax Amendment Rules 2026 Name via Corrigendum

RBI Launches DLA Directory, Tightens Norms Against Illegal Loan Apps

Major GST Reform: Goa Holds Property Owners Accountable for Event Taxes

Return Preparation & File Validation Utility vs TDS Software

CBDT Renames IT Amendment Rules, 2026 as IT (First Amendment) Rules, 2026

18 Mar 26

GSTAT Instructions (F. No. 125/2025-26): GST Appeals and Required Documents on the Portal

Gauhati HC: Form GST DRC-01 Is Supplementary and Can’t Substitute Issuance U/S 73(1)

How ROC Software Manages AGM, EGM and Board Meetings

Supreme Court: Clerical Mistakes in GST Returns Not a Valid Reason to Deny Export Refunds

MP Raghav Chadha Suggests Joint ITR Filing Option for Married Couples in Parliament

17 Mar 26

Maharashtra Allows PAN-Based Profession Tax Payment Amid MahaGST Portal Issues

GST Portal Requires Confirmation of "Tax Liability Breakup" in GSTR-3B from Feb 2026

MH Tax Department Grants Relief on PT Registration and Filing Due to GST Portal Glitches

IT Dept Asks Taxpayers to Ignore Erroneous Emails on ‘Significant Transactions’ and Advance Tax

Bengaluru GST Dept Warns About Fake Tax Officials Through Trade Notice 02/2026

16 Mar 26

GSTN Issues Advisory on Pre-Deposit Payment While Filing Appeals Before First Appellate Authority

Income Tax Department Clarifies `Significant Transactions` Emails Sent During Advance Tax e-Campaign for AY 2026-27

Centre Renames Personal Income Tax as Non-Corporate Tax from FY 2025-26

15 Mar 26

ROC Bangalore Imposes Penalty on Indo-MIM Limited, Directors for Absence of Resident Director

Gujarat AAR Holds Advance Received by Assessee as ‘Consideration’ Under GST

How Balance Sheet Software Works with Trial Group Master

14 Mar 26

Gujarat AAR Holds Advance Received by Assessee as ‘Consideration’ Under GST

WB AAR: GST Exemption Allowed on Waste Transport Services Provided to Municipal Corporation as Pure Services

Karnataka HC: Solar Inverters Eligible for 5% Concessional GST, Quashes ?120 Cr Tax Demand

12 Mar 26

Govt Raises Collateral-Free Farm Loan Limit to Rs 2 Lakh to Boost Agricultural Credit

E-Way Bill Generation Rises 18.8% YoY to 132.6 Million in February 2026

Madras HC Permits to File a Fresh Appeal as GST SCN Was Uploaded Only on Portal

Businesses Face GST Registration Suspension After Welcome Kit Delivery Failure

Gauhati HC Allows Restoration of Cancelled GST Registration After Delay Due to Medical Emergency

11 Mar 26

ICAI Releases Handbook on Key Compliances and Exemptions for Private Limited Companies

Bombay HC Cancels GST DGGI Seizure, Orders ?1 Cr Cash Refund

How TDS Software Merges Duplicate Deductee Master Data

Bombay HC Quashes GST Bank Account Attachment Orders Under MGST Act for Lack of Proper Reasons

09 Mar 26

CIC Asks Income Tax Department to Fix TDS Mismatch Process, Protect Honest Taxpayers

Income Tax Rules 2026: Financial Institutions Must Report Crypto and Digital Currency Holdings

08 Mar 26

Finance Ministry Appoints Ms. Krati Nigam as CGST Joint Commissioner in GST Authority Amendment

CIC Asks Income Tax Department to Fix TDS Mismatch Process, Protect Honest Taxpayers

Allahabad HC Examines Criminal Proceedings Over Cash Transactions Exceeding ?2 Lakh U/S 269ST

07 Mar 26

Chhattisgarh HC Rejects Writ Petition Seeking Refund of Plot Allotment Money After GST Demand

Big Relief to Dell India: Allahabad HC Stays ?13 Cr GST Demand Order Over Jurisdictional Error

Allahabad HC Quashes ?1.02 Crore GST Demand; Interest Not Quantified in SCN Cannot Be Levied Later

06 Mar 26

Delhi (PB) GSTAT Dismisses GST Profiteering Case After ITC Benefit Found to Be Nil

Bombay HC Sets Aside GST SCN U/S 74 for Clubbing Multiple FY in a Single Notice

05 Mar 26

New Draft Format for TDS/TCS Book Adjustment: Full Details, Applicability & Compliance Guide

Madras HC Quashes GST Cancellation for 6-Month Non-Filing, Cites Health and Financial Hardship

Ahmedabad ITAT Sets Aside Sec 271(1)(c) Penalty on Axis Bank Over Bona Fide Accounting Method

ROC Gwalior Imposes ?1.76 Lakh Penalty on Company and Directors for Non-Filing u/s 137

Redmore

Due Date Reminder

Jan	Feb	Mar	Apr	May	June
July	Aug	Sep	Oct	Nov	Dec
All

20 Mar 26 Monthly Return by persons outside India providing online information and data base access or retrieval services, for February.

20 Mar 26 Add/amend particulars (other than GSTIN) in GSTR-1 of February. It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.

20 Mar 26 Summary Return cum Payment of Tax for February by Monthly filers. (other than QRMP).

25 Mar 26 Deposit of GST of February under QRMP scheme.

28 Mar 26 Return by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them, for February .

30 Mar 26 Deposit of TDS on payment made for purchase of property in February.

30 Mar 26 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 25-26 where lease has terminated in February (Else TDS is to be deposited on annual basis by 30 April of next year.)

30 Mar 26 Deposit of TDS u/s 194M for February.

30 Mar 26 Deposit of TDS on Virtual Digital Assets u/s 194S for February.

31 Mar 26 Complete CPE Hours for Calendar year 2025. Update Unstructured CPE hours details like reading of ICAI journal at https://cpeapp.icai.org.

31 Mar 26 Opt for Composition scheme for FY 2026-27. Existing ones are not required to apply again.

31 Mar 26 Online Application for Letter of Undertaking (LUT) for Exports & Supplies to SEZ without payment of tax in FY 2026-27.

31 Mar 26 For FY 26-27, GTA can change from Forward Charge mechanism to RCM or vice-versa by e-filing necessary declaration.

31 Mar 26 Calculation of Aggregate Turnover of F.Y. 25-26 for various compliances related to F.Y. 26-27 like for QRMP scheme, Composition scheme, E-invoice applicability etc.

31 Mar 26 Payment of balance Advance Income Tax by ALL to save interest u/s 234B.

31 Mar 26 Payment of life insurance premium, deposit of PPF etc. for saving tax of FY 25-26 under old regime.

31 Mar 26 Uploading of Statement of foreign income offered to tax and tax deducted or paid on such income in previous year 2024-25, to claim foreign tax credit if ITR furnished within the time specified under section 139(1) or section 139(4).

31 Mar 26 Pay Outstanding dues of Micro & Small Enterprises of FY 25-26 to avoid disallowance u/s 43B. No Relief of payment till due date of ITR.

31 Mar 26 Updated ITR for AY 2023-24 with 50% of aggregate tax and interest payable.

31 Mar 26 Updated ITR for AY 2024-25 with 25% of aggregate tax and interest payable.

31 Mar 26 "File Correction statements of FY 2018-19: Quarter 4 only, FY 2019-20 to FY 2022-23: All quarters and FY 2023-24: Quarters 1 to 3."

31 Mar 26 Complete CPE Hours for Calendar year 2025. Update Unstructured CPE hours details like reading of ICAI journal at https://cpeapp.icai.org.

31 Mar 26 Quarter 4 – Board Meeting of All Companies

Redmore

Welcome to Goel Sharma & Associates

Our Vision

Our Mission

Our Team

Our Values

Integrity

Responsibility

Relationship

Reliability

Teamwork

Excellence