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Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
Book a free consultation with our tax and legal experts and get your ITR filed today with maximum tax savings.
Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
Book a free consultation with our tax and legal experts and get your ITR filed today with maximum tax savings.
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From FY 20-21, GSTR-9C requires self-certification for turnover exceeding Rs. 5 crore. Taxpayers must ensure accuracy to avoid GST penalties. Read More…
GSTN auto-populates GSTR-3B using GSTR-1 and GSTR-2B data to simplify filing. Learn how this feature and new hard-locking rules minimize errors. Read More…
Revised Section 38 of the CGST Act strengthens ITC rules to combat fraud. Learn about GSTR-2B restrictions and stricter vendor verification needs. Read More…
Learn the step-by-step process to voluntarily cancel your GST registration online. This guide covers portal navigation, reasons, and status tracking. Read More…
Understand GST on marketing activities and free promos. Learn why Input Tax Credit is often denied for promotional merchandise inputs. Read More…
Learn how to file Form GST DRC-20 for payment deferment or installments. Discover eligibility criteria and the step-by-step online submission process. Read More…
Learn how to access Forms DRC-07A and DRC-08A on the GST portal to track pre-GST tax demands and arrears effectively. Read More…
Are yoga classes taxable? Charitable yoga institutions are GST-exempt, while commercial fitness and wellness services attract 18%. Full breakdown with examples. Read More…
Understand GST summons under Section 70 of the CGST Act. Learn about validity, penalties, and taxpayer rights and obligations. Read More…
A slump sale transfers a business as a going concern for a lump sum. Under GST, this is treated as an exempt service per recent rulings. Read More…
Under CGST Section 9(5), e-commerce operators must pay GST on specific services. Learn about liability shifts and penalty updates. Read More…
Explore the SOPs for GST return scrutiny under Section 61, covering selection criteria, the review process, and compliance timelines. Read More…