GST

The GST Department faces strict deadlines this year for issuing Show Cause Notices (SCNs) on older tax periods. Under Section 74, notices for FY 2020-21 fraud or suppression cases must be issued by 31st August 2026. Under Section 73, notices for FY 2022-23 normal cases must be issued by 30th September 2026. Once these dates […]

If your business crosses ₹50 lakh in monthly taxable turnover, Rule 86B of the CGST Rules directly affects how you can use your Input Tax Credit (ITC). Introduced on 1st January 2021, this rule prevents businesses from settling 100% of their GST liability through ITC alone – requiring at least 1% to be paid in

May 23, 2026 CA Arjun Dhorajiya If you file GST returns or advise businesses on compliance, understanding blocked Input Tax Credit (ITC) is non-negotiable. Section 17(5) of the CGST Act 2017 lists specific goods and services on which ITC cannot be claimed – even if GST was paid on them. For FY 2026-27, these restrictions

April 27, 2026 admin GST compliance errors are one of the biggest reasons businesses receive tax notices, pay unnecessary interest, and face penalties during audits. From GSTR-1 and GSTR-3B mismatches to incorrect Input Tax Credit (ITC) claims, even small reporting mistakes can have serious financial consequences. This article covers the 8 most common GST compliance

April 25, 2026 admin The Reverse Charge Mechanism (RCM) under GST flips the usual tax payment rule – instead of the supplier paying GST, the recipient becomes responsible. This guide explains how RCM works, which transactions it applies to, and what changed in 2025-26, including key updates on renting, sponsorship services, and GTA. Whether you

April 21, 2026 admin The Union Budget 2026 brought a significant relief for Indian exporters – the removal of the ₹1,000 minimum threshold for GST export refund claims. Under Section 54(14) of the CGST Act, 2017, refund claims below ₹1,000 were previously rejected outright, leaving small exporters with no recourse. Finance Bill 2026 (Clause 139)

April 20, 2026 admin If your business has crossed ₹5 crore in annual turnover at any point since FY 2017-18, you are legally required to generate e-invoices under India’s GST framework and failing to do so can result in serious penalties. E-invoicing became mandatory for businesses above ₹5 crore from August 1, 2023, under GST

April 16, 2026 admin The 56th GST Council meeting held on September 3, 2025 brought one of the biggest relief measures for Indian businesses dealing with post-sale discounts. The government has amended Section 15(3)(b) and Section 34 of the CGST Act, removing the long-standing requirement of a pre-supply agreement before a discount can reduce taxable

April 15, 2026 admin Claiming Input Tax Credit (ITC) under GST has never required more precision than it does in 2026. The full rollout of the Invoice Management System (IMS) from October 2025, combined with GSTR-3B hard-locking on the horizon, has fundamentally changed how businesses must approach ITC. One wrong step – a missed IMS

April 15, 2026 admin Filing GSTR-1 correctly is one of the most critical compliance tasks for every GST-registered business in India. A single error in GSTR-1 for FY 2026-27 can lead to ITC denial for your buyers, reconciliation mismatches in GSTR-3B, and even department notices. This article covers the five most common GSTR-1 mistakes taxpayers