GST

Top 5 Mistakes in GSTR-1 Filing (FY 2026-27) and How to Fix Them

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

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8 Critical Tasks a Business Must Complete for New FY 2026-27

The start of a new financial year is one of the most important compliance windows for businesses, professionals, and exporters in India. For FY 2026-27, starting 01 April 2026, several key thresholds, rules, and filing requirements are refreshed – from TDS applicability and GST e-invoicing to fresh invoice series and IEC updates. Missing even one

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Section 94 of GST – Liability of Partners and Members When a Business Is Discontinued, Reconstituted, or Dissolved

Understanding the implications of discontinuing or restructuring a business is crucial under the GST regime. Section 94 of the CGST Act, 2017, deals specifically with the liability of firms, associations of persons (AOPs), and Hindu Undivided Families (HUFs) in cases of business discontinuance, reconstitution, or dissolution. This provision ensures that the government’s revenue is protected,

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Liability of Directors of Private Company – Section 89 of GST

Under the GST regime, businesses are expected to comply strictly with tax laws and meet their obligations in a timely manner. While the responsibility of tax compliance primarily lies with the company, directors of private companies are not completely shielded from liability. Section 89 of the CGST Act, 2017 outlines the personal liability of directors

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Liability in Case of Company in Liquidation – Section 88 of GST

When a company goes into liquidation, its financial and statutory obligations do not simply disappear. The GST Act, recognizing this, has specific provisions to protect the interests of the revenue department. One such critical provision is Section 88 of the CGST Act, 2017, which deals with the liability in case of a company in liquidation.

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Liability in Case of Amalgamation or Merger of Companies – Section 87 of GST

In the dynamic world of business, mergers and amalgamations are common strategies adopted by companies to consolidate their operations, expand market presence, or achieve financial synergies. While such corporate restructuring has its own benefits, it also comes with certain compliance requirements under the GST. Section 87 of the CGST Act, 2017, deals specifically with the

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