Latest Articles

• CGST Composition Scheme: Rules, Eligibility, Tax Rates, and Compliance Guide

  May 18, 2026

  Composition scheme chhote taxpayers ko fixed low rate par tax bharne aur simplified return (GSTR-4/CMP-08) ka option deti hai. Ye guide eligibility, rates aur filing cover karti hai. The GST Composition Scheme under Section 10 of the CGST Act lets small businesses pay tax at a fixed, lower rate on… Read More…

• GST Compensation Fund: How the Centre Secured a Larger Share of Residual Funds

  May 18, 2026

  The GST Compensation Fund was created to make good states’ revenue shortfall after GST. This article explains the compensation fund, the debate over residual balances, and how the Centre’s share was determined. The GST Compensation Bill introduced in Parliament modified the revenue distribution rules for the initial five years following… Read More…

• CBIC: Role, History & Key Functions of the Board

  May 18, 2026

  The Central Board of Indirect Taxes and Customs (CBIC) is the apex body under the Ministry of Finance that administers GST, customs, and central excise in India. It frames rules, issues notifications and circulars, and oversees the field offices that implement indirect tax law. The Central Board of Indirect Taxes… Read More…

• CBIC New Tax Information Portal: Features, Search Functionality, and User Guide

  May 18, 2026

  The CBIC tax information portal is a single online destination for customs and GST information. It lets you search tariffs, HSN codes and duty rates, and access acts, rules, notifications and circulars in one place, making it a handy tool for importers, exporters and tax professionals. The Central Board of… Read More…

• CBIC Guidelines on Fake Invoices & Fraudulent ITC Under GST

  May 18, 2026

  Input Tax Credit (ITC) se aap purchases par diya GST apni output liability se set off kar sakte hain. Sahi ITC claim aur Section 17(5) blocked credits samajhna compliance ke liye zaroori hai. The CBIC guidelines on fake invoices target invoices raised without any actual supply of goods or services,… Read More…

• CBDT Circular 23/2017: No TDS on GST Component of Invoices

  May 18, 2026

  GST ke andar TDS (GSTR-7) kuch notified deductors — jaise government departments — ko payments par tax deduct karke deposit karna hota hai. Ye guide GSTR-7 filing cover karti hai. Under CBDT Circular 23/2017, TDS under the Income Tax Act is not deducted on the GST component of an invoice,… Read More…

• How Businesses Reduced Output to Liquidate Inventory Before GST Implementation

  May 18, 2026

  Ahead of GST, many businesses cut production and pushed to clear old stock to avoid transition complications. This article explains why firms liquidated inventory before GST and how they managed the switch. Ahead of the Goods and Services Tax (GST) rollout on July 1, 2017, many businesses across India decided… Read More…

• Blocked ITC Under Section 17(5) of CGST Act: Ineligible Credit List

  May 18, 2026

  Section 17(5) of the CGST Act lists blocked ITC — specific goods and services on which you cannot claim input tax credit even if they are used for business. Common examples include certain motor vehicles, food and beverages, club memberships, and goods or services used for personal consumption. Key Takeaways… Read More…

• Biometric Aadhaar Verification: Essential for GST Registration in Andhra Pradesh

  May 18, 2026

  Biometric Aadhaar authentication for GST registration requires certain applicants to visit a GST Suvidha Kendra in person for fingerprint and photo verification, in addition to document checks. Rolled out state by state (such as in Andhra Pradesh), it aims to curb fake registrations and bogus ITC. The Central Board of… Read More…

• Benefits of Goods and Services Tax for Emerging Businesses in India

  May 18, 2026

  For new and growing firms, the benefits of GST are significant. One tax replaced a web of indirect taxes, input tax credit removes the cascading of taxes, interstate trade becomes easier in a unified national market, and small businesses can use the threshold exemption or the composition scheme to keep… Read More…

• Avoiding Frequent Mistakes in Goods and Services Tax Return Filing

  May 18, 2026

  Most GST notices and lost input tax credit trace back to a handful of avoidable GST return filing mistakes: GSTR-1 and GSTR-3B mismatches, claiming ITC not reflected in GSTR-2B, missing filing deadlines, and using the wrong HSN code or tax head. This guide shows the frequent errors and how to… Read More…

• Automobile Sector Reduces Vehicle Prices Following GST Implementation

  May 18, 2026

  After GST replaced multiple taxes, several automakers cut vehicle prices as the effective tax on many models fell. This article explains how GST affected car prices in the auto sector. The introduction of the Goods and Services Tax (GST) on July 1, 2017, brought significant changes to vehicle pricing across… Read More…