Author
Advises on GST compliance, ITC and notices.
49 articles · page 1 of 2
Author
Chartered Accountant
Advises on GST compliance, ITC and notices.
49 articles · page 1 of 2
The Invoice Management System puts every supplier invoice in front of you before GSTR-2B is even generated, and it expects a decision on each one. Here is what accept, reject and pending actually do, what happens if you do nothing, and a monthly workflow that keeps ITC clean without last-minute scrambling.
The e-invoice limit for FY 2026-27 is Rs 5 crore aggregate turnover, tested PAN-wide across every financial year since 2017-18, not just the current one. It has been lowered several times since e-invoicing began, and it is worth understanding both how the current test works and why the direction of travel has consistently been downward.
B2C e-invoicing is not mandatory at the time of writing. A pilot exists for reporting B2C transactions to the government, separate from the B2B IRN system, and it is worth understanding the difference now rather than scrambling if reporting becomes compulsory. Here is the current status and what to have ready.
The 30-day rule does not extend the e-invoicing deadline, it removes it. Report an invoice to the IRP more than 30 days after its date, at Rs 10 crore turnover and above, and the portal simply refuses to generate an IRN for it. Here is who is covered, how the window is counted, and how to build a process that never misses it.
An IRN can be cancelled on the Invoice Registration Portal within 24 hours of generation. Miss that window and the e-invoice stands, correctable only by a credit note or debit note. Here is what starts the clock, what to check before you cancel, and what changes once you can no longer undo it.
An e-way bill's validity is fixed the moment Part B is filled, and it does not pause for a breakdown, a diversion or a delay at a checkpost. Here is the window in which you can extend it, who is allowed to, and what happens if that window closes.
BigShip and Shipkloud pick the courier and print the label, but the e-way bill still starts at your invoice. Here is when it applies, who fills Part A and Part B, and the exact steps for a shipment booked through either platform.
Most ecommerce parcels are under the e-way bill threshold, which is why the one order that crosses it gets missed. Here is when an online seller needs an e-way bill, who generates it when a courier or marketplace moves the goods, and how to raise one from the invoice.
A Shopify store is not a marketplace, so nobody collects TCS or prints invoices for you. Every order needs its own GST invoice, and GSTR-1 and GSTR-3B are built from those invoices. Here is the order-to-return path, table by table.
Flipkart collects TCS on every sale and sends a large share of orders back as customer returns or RTO. Both need credit notes against the original invoice, or your GSTR-1 overstates sales and disagrees with Flipkart's GSTR-8. Here is the full monthly routine.
Every referral, closing, FBA and shipping fee Amazon deducts from your payout carries 18 percent GST, and that GST is claimable input tax credit. Most sellers never claim it because they never download the invoices. Here is where they are and how to claim without a mismatch notice.
Amazon gives you two Merchant Tax Reports a month and collects TCS on every sale, but it does not file your returns. Here is how the MTR B2B and B2C reports map to each GSTR-1 table, how refunds become credit notes, and how the TCS credit gets into GSTR-3B.
Meesho sellers need a GSTIN from the first order, lose 0.5 percent of every sale to TCS, and have to file two returns a month from supplier panel reports. Here is the full loop, from registration to a reconciled GSTR-3B.
A Razorpay payout is never the sum of your invoices. Fees, GST on fees, refunds and timing all sit between the two. Here is how to reconcile them, by hand and then automatically.
The GST portal speaks JSON and your accountant speaks Excel. Here is how to move GSTR-1 data between the two in both directions, and the handful of formatting errors that cause almost every failed upload.
Table 12 and Table 13 errors block GSTR-1 filing more often than any other section. Here is what each validation checks, why it fails, and the exact order to fix it in.
GSTR-2B auto-matching catches ITC mismatches instantly. One wrong claim and you get a show cause notice under Section 73 or 74. Here are the 5 most common ITC mistakes — and exactly how to avoid each one.
Starting a new business in India? GST compliance can feel overwhelming with registrations, returns, invoices, and reconciliations. This step-by-step checklist covers every GST requirement for new businesses — thresholds, deadlines, penalties, and exactly how to stay compliant from day one.
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-1 is due May 11. GSTR-3B is due May 20 for monthly filers, and May 22 or May 24 for QRMP filers. Here is every GST due date for May 2026 with the exact date, form, and who it applies to.
Most restaurants pay 5% GST with no input tax credit. But in some cases, 18% with ITC works out cheaper. Here is the complete guide to restaurant GST rates, Swiggy/Zomato rules, cloud kitchens, and composition scheme.
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.
Healthcare services are largely exempt from GST in India — but the exemptions have important exceptions. Pharmacy sales, medical equipment, and hospital room rent above ₹5,000/day attract GST. Here is the complete guide.
18% is now the dominant GST rate in India — absorbing items from both the abolished 12% and 28% slabs. Here is the complete list of items at 18% with HSN codes, effective September 22, 2025.
The new 40% GST slab replaced the old 28% rate for luxury and sin goods after GST 2.0. Here is the complete item-wise list with HSN codes, effective September 22, 2025.
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.
Exporting goods or services from India? Your invoice must meet specific GST requirements — LUT bond, zero-rated supply declaration, foreign currency rules, and shipping bill linkage. Here is everything you need to know.
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.
The financial year closes on March 31. After that, most adjustments to your FY 2025-26 GST returns become either impossible or attract penalties. Here are the 10 critical GST tasks every business must complete before year-end.
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.
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.
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.
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.
Every item taxed at 5% GST in India, by category and with HSN codes: food, medicines, clothing and footwear under Rs 1,500, transport, and the goods that moved down from 12% in the 2025 rate change.
GSTR-9 annual return is mandatory for all registered taxpayers. GSTR-9C audit applies to businesses above ₹5 crore turnover. Here is everything you need to prepare for GST audit — documents, reconciliation steps, and common red flags.
₹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.
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.
All GST filing deadlines for April 2026 in one place. GSTR-1, GSTR-3B, GSTR-9, TDS, TCS — never miss a deadline and avoid late fees.
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.
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.
TDS and TCS under GST are two different deduction mechanisms. TDS is deducted by the buyer. TCS is collected by e-commerce operators. Here is a clear comparison with rates, applicability, and filing requirements.
GST registration is mandatory for businesses above Rs 20 lakh turnover. Here is the complete online registration process with document checklist, timeline, and common rejection reasons.
Credit notes reduce invoice value. Debit notes increase it. Both affect your GST returns, input tax credit, and GSTR-1 filing. Here is the complete guide with examples.
GSTR-1 is the return for outward supplies — every GST-registered business must file it. This guide walks you through the complete filing process, due dates, formats, and how to avoid common mistakes.
GSTR-3B is your monthly summary return for GST. It determines how much tax you actually pay. Here is the complete filing process, due dates, and how to calculate your net liability.
Input tax credit lets you reduce your GST liability by claiming the tax you already paid on purchases. Here is the complete guide to ITC rules, eligibility, and the claiming process after GST 2.0.
Every movement of goods worth more than Rs 50,000 needs an e-way bill. This guide covers the rules, exemptions, validity periods, and step-by-step generation process.
Selling online on Shopify, Amazon, or Flipkart? GST compliance is mandatory. This guide covers registration, invoicing, TCS, returns, and how to stay compliant without losing your mind.
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