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Guide to GSTR-1 Table-Wise Details Reporting GSTR-1 is a GST return used for reporting all outward supplies (sales) made during a tax period. It contains invoice-wise details of taxable supplies, exports, debit notes, credit notes, amendments, and other outward supply transactions. Under this blog we provide a table-wise summary of transactions to be reported in …
Complete Guide on GST Penalties under Sections 73, 74 & 74A Under this article we are going to summarize the penalty provisions applicable under different GST demand and recovery sections. Section 73 deals with non-fraud cases; Section 74 deals with fraud, willful misstatement, or suppression of facts; and Section 74A (introduced from FY 2024-25 onwards) provides a …
Comprehensive scrutiny checklist of online portal to facilitate GST Appeals Understanding each item in the scrutiny checklist is essential for taxpayers, chartered accountants, company secretaries, cost accountants, advocates, GST practitioners, and departmental officers involved in GST litigation. Proper compliance at the time of filing significantly reduces the chances of objections, delays, or rejection of the …
Top GST Compliance Mistakes That Trigger GST Notice in India GST Notices are system-driven: Most Goods and Services Tax notices are not issued because of fraud. They arise due to routine compliance lapses and reconciliation failures. Goods and Services Tax scrutiny is now powered by data analytics, automated reconciliations & risk parameters configured by Goods …
GSTR‑2B Place of Supply (PoS) Mismatch & ITC Eligibility The issue of GSTR‑2B marking input tax credit as “ineligible” due to a place of supply mismatch has become one of the most frequent triggers during GST audits, departmental scrutiny, and internal reconciliations. While the GST portal follows a mechanical rule‑based flagging system, the law (Sections …
GST RETURNS FOR NIL/ZERO TURNOVER—AS PER CGST Act, 2017 Is a return mandatory if turnover is NIL under GST? YES – Filing of Return is Mandatory. Legal provision is given in Section 39(1) of the CGST Act, 2017. Every registered person shall, for each tax period, furnish a return, whether or not any supplies of …
Common Reasons for GST Notices, Sending & Compliance GST notices are official communications issued by GST authorities for reasons such as non-filing of returns, discrepancies, ITC mismatches, or other compliance issues. They require timely responses to avoid penalties or adverse actions. GST is based on self-assessment and self-certification, requiring taxpayers to comply proactively. Notices under …
All about the Latest GST Amendments for FY 2024–25 & FY 2025–26 GST is firmly moving towards real-time compliance, system-driven checks, and accountability. Businesses must shift from reactive filing to continuous compliance monitoring. The government has introduced far-reaching reforms in the GST framework for FY 2025–26, aimed at improving ease of doing business, tax governance, digital security, …
GSTR-9 Annual Return Not Required from FY 2024-25 Onwards- GST Relief for Small Taxpayers The CBIC has issued a big compliance relief for small taxpayers by exempting them from filing the annual GST return (GSTR-9). This exemption applies from the financial year 2024–25 onwards and aims to simplify compliance for businesses with relatively modest turnovers. The CBIC, …
GST IMS Introduction of Pending Option for CN & Declaration of Reversal AMT in IMS w.e.f. Oct 2025 : GSTN Background – Introduction of “Pending” Option The GSTN has introduced a new facility in the IMS on the GST portal, allowing taxpayers to mark Credit Notes as “Pending” for one tax period. Additionally, the IMS …