Author
Advises on GST compliance, ITC and notices.
34 articles
Author
Chartered Accountant
Advises on GST compliance, ITC and notices.
34 articles
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.
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.
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.
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 2.0 expanded the 5% merit rate slab significantly. Items that were at 12% moved down to 5%, making essentials cheaper. Here is the complete list with HSN codes, effective September 22, 2025.
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 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.
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.
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.
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.
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.
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.
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.
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.
₹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.
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 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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
The 12% and 28% GST slabs are gone. India now has three main rates: 5%, 18%, and 40%. Here is the complete updated list of GST rates effective from September 22, 2025.
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