GOYAL K & CO. - Chartered Accountants

19/11/2025

📢 Income Tax Refund Update: CBDT Tightens Scrutiny on High-Value Claims

The department has intensified checks after identifying wrongful deduction claims in several high-value and system-flagged filings. Because of this, a portion of refunds is being temporarily held for verification.
However, Agrawal clarified that legitimate refunds will be cleared by November end or December.

According to the latest official data (updated till November 10), the income-tax refund outgo has dropped by nearly 18% year-on-year, standing at ₹2.42 lakh crore.
CBDT Chairman Ravi Agrawal explained that this decline may be due to lower refund claims and rationalised TDS rates.

The CBDT is also focusing on reducing direct-tax litigation. Appellate authorities are working actively to clear pending appeals, with over 40% higher disposals compared to last year. The backlog that grew during Covid is now being rapidly reduced.

If your IT refund is delayed, it may be due to these enhanced verifications, especially in high-value or deduction-heavy filings.

Stay updated for more insights on tax refunds, scrutiny, TDS, and compliance.

18/10/2025

✨ Diwali Celebrations at Office ✨

Today we celebrated the festival of lights with joy, laughter, and togetherness at our office.
From decorations to sweets and smiles all around — it was a wonderful reminder that workspaces become brighter when the team celebrates like family. 💫

Wishing everyone prosperity, happiness, and success in the year ahead!

🌼 Happy Diwali 🌼 from all of us at 🪔 GOYAL K & CO. !🪔

21/07/2025

📸 Meet the Team Behind Your Numbers!

No AI tool, no automation, no fancy dashboard can replace a team that cares, thinks, and delivers-every single day.

This is the team that runs on coffee, calendars, and compliance.
They’re the early log-ins, the weekend warriors, the “don’t worry, we got this” people.

💡 Behind every balance sheet is a team that stayed late to double-check it.
And we couldn’t be prouder.

Here’s to the real heroes behind the numbers—Team Goyal K & Co 💙

01/06/2025

05/05/2025

The harsh reality — where rules shout, but money smiles.
One office. Two outcomes

04/05/2025

Ice Cream & GST: A Cold Dessert, a Hot Topic

Welcome to the Art of GST Application — where how you serve it matters more than what you eat.

Gst on Ice cream isn’t on product, it’s about where and how you eat it.

Same scoop have same product and test and have to pay different gst.

Ice cream in a restaurant meal?
5% – because it’s bundled.

Same scoop in a parlour?
18% – because now it’s a luxury.

The Government, truly, is an artist when it comes to crafting GST rules- detailed, layered, and full of surprises!

On a lighter note:
What if a Golgappa vendor starts serving ice cream as bundled ?
A chilled chuski with spicy chat 🤣 - maybe a smarter way to serve it cheaper and tax it lower 😎

Whatever the GST may be… Team GKC’s love for Artiste Ice Cream remains untouched!

04/05/2025

Ice Cream & GST: A Cold Dessert, a Hot Topic

Welcome to the Art of GST Application — where how you serve it matters more than what you eat.

Gst on Ice cream isn’t on product, it’s about where and how you eat it.

Same scoop have same product and test and have to pay different gst.

Ice cream in a restaurant meal?
5% – because it’s bundled.

Same scoop in a parlour?
18% – because now it’s a luxury.

The Government, truly, is an artist when it comes to crafting GST rules- detailed, layered, and full of surprises!

On a lighter note:
What if a Golgappa vendor starts serving ice cream as bundled ?
A chilled chuski with spicy chat 🤣 - maybe a smarter way to serve it cheaper and tax it lower 😎

Whatever the GST may be… Team GKC’s love for Artiste Ice Cream 🍨 remains untouched!