Author
Himanshu
Advises on GST compliance, ITC and notices.
34 articles · page 2 of 3
Author
Himanshu
Chartered Accountant
Advises on GST compliance, ITC and notices.
34 articles · page 2 of 3
GST Invoice Management System (IMS) 2026: New Rules & How It Works
The GST portal launched the Invoice Management System (IMS) in October 2024. Starting FY 2025-26, IMS changes how businesses accept, reject, and dispute supplier invoices — and directly impacts which ITC you can claim.
GST Late Fee Calculator: Penalty for Late GSTR-1 & 3B Filing
Miss a GST filing deadline and the meter starts running immediately. GSTR-1 late fee is ₹200/day. GSTR-3B late fee is ₹50–₹200/day. Plus 18% interest on unpaid tax. Here is exactly what you owe and how to calculate it.
GST on Insurance 2026: 0% Rate After GST 2.0 — What Changed
Life insurance and health insurance premiums are now exempt from GST after September 22, 2025. The 18% GST that used to add thousands to your annual premium is gone. Here is everything you need to know.
GST Penalty for Late Filing 2026: Rates, Interest & How to Avoid
Section 73 penalty is 10% of tax (minimum ₹10,000). Section 74 (fraud) penalty is 100% of tax. A show cause notice gives you 30 days to respond. Here is what every taxpayer needs to know.
GST Refund: How to Apply Online, Track Status & Claim Process
₹1.87 lakh crore in GST refunds were processed in FY 2024-25. Are you claiming what is owed to you? RFD-01 is the form. 60 days is the timeline. Here is the complete process.
GST for Transport & Logistics: Rates, E-Way Bill & RCM Rules
GTA services, freight charges, multimodal transport, reverse charge mechanism — GST in transport is complex. This guide covers every rate, every exemption, and every compliance requirement for logistics businesses in 2026.
GSTR-2B Reconciliation: How to Match ITC & Fix Mismatches 2026
GSTR-2B is auto-populated from your suppliers' filings. If they miss an invoice, your ITC disappears. Here is how to reconcile, catch mismatches, and protect your input tax credit.
How to Revoke GST Cancellation: Step-by-Step Application 2026
GST registration was cancelled? You have 90 days to apply for revocation using Form REG-21. Missing this window means reapplying as a new taxpayer. Here is the complete process.
What is a Delivery Challan? Format, When to Issue, and GST Rules 2026
A delivery challan is used when goods move without a sale — for job work, exhibitions, approvals, or branch transfers. Here is the complete guide with format and GST rules.
CGST vs SGST vs IGST: Differences, When to Apply, and How to Calculate
Every GST invoice must charge either CGST + SGST or IGST — never both. The choice depends on whether the supply is intra-state or inter-state. Here is a clear explanation with examples.
E-Invoicing Under GST 2026: Who Needs It, How It Works, and How to Comply
E-invoicing is mandatory for businesses with turnover above Rs 5 crore. Every B2B invoice must be registered on the IRP portal. Here is the complete guide to e-invoice rules, process, and compliance.
GST Composition Scheme 2026: Eligibility, Rates, Benefits, and Limitations
The composition scheme lets small businesses pay a flat low GST rate without detailed invoicing. But it comes with restrictions on ITC, inter-state sales, and e-commerce. Here is the complete guide.
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