GST
Explore the world of Goods and Services Tax (GST) with our comprehensive guide. Learn about GST rates, compliance, benefits, and its impact on businesses and consumers. Stay informed about the latest GST updates and ensure you're making the most of this taxation system.
Created on: 11/22/2025
MVAT & PT Returns Deadline Extended for October 2025 Updated Filing Schedule
The Maharashtra government has extended the deadlines for filing MVAT and Professional Tax returns for October 2025. Payment due dates remain unchanged, and interest applies if taxes are paid late. Taxpayers now have additional time to file returns correctly and avoid late fees. This update helps businesses manage compliance efficiently and avoid penalties by following the revised dates.
Created on: 11/21/2025
Urgent GSTN Alert: Your GST Number Faces Suspension if Bank Details Are Not Submitted
GSTN has issued a strict alert for registered taxpayers: furnish your bank account details on the GST portal within 30 days of registration, or before filing GSTR-1/IFF, whichever is earlier. Non-compliance can lead to suspension via FORM REG-31, blocked GSTR-1 filing, e-way bill generation restrictions, and possible cancellation of registration. To stay compliant, log in to the GST portal, upload your bank details, and ensure verification to keep your GST number active and avoid operational disruptions.
Created on: 11/21/2025
GST Alert for New Businesses! Understanding Rule 10A of CGST Rules
Rule 10A of the CGST Rules requires every new GST registrant to verify their bank account and upload the details on the GST portal within the prescribed timeline. This ensures that GST registration remains active, refunds are processed smoothly, and risks of suspension or cancellation are avoided. Non-compliance can lead to withheld refunds or suspended GSTIN. Uploading a cancelled cheque or bank statement immediately after GST approval is the simplest way to stay compliant.
Created on: 11/17/2025
645 Crore GST Scam Busted: The Fall of the Fake ITC Mastermind
The Directorate General of GST Intelligence (DGGI) has uncovered a massive 645 crore fake Input Tax Credit scam. Mastermind Mukesh Sharma created 229 dummy companies to issue fraudulent invoices without actual supply. His arrest under the CGST Act highlights the growing crackdown on GST fraud and its implications for honest businesses.
Created on: 11/17/2025
Zero Tax up to 12.75 Lakh But STCG Still Taxed
The Union Budget 2025 has raised the Section 87A rebate, exempting income up to ₹12.75 lakh from tax. However, Short-Term Capital Gains (STCG) on equity shares and mutual funds remain taxable at a flat 15%. While salaried taxpayers enjoy zero tax relief, investors and traders must pay STCG separately without rebate benefits.
Created on: 11/15/2025
Key Changes in GSTR-9 and GSTR-9C for FY 2024-25: Everything You Should Know
The GST portal has opened GSTR-9 and GSTR-9C for FY 2024-25 with a filing deadline of December 31, 2025. This guide explains the key changes in both forms, filing thresholds, auto-population details, and practical tips to file on time and avoid penalties—written in clear, simple language.
Created on: 11/14/2025
Landmark Madras HC Ruling: Hostels Now Classified as Residential, Not Commercial
The Madras High Court has ruled that hostels should be classified as residential properties, not commercial ones, for property tax and utility charges. This decision reduces costs for hostel operators, sets a legal precedent, and raises new questions about GST treatment of hostel rentals.
Created on: 11/10/2025
Supreme Court Relief: Buyer Not Liable for Seller’s Default on ITC
The Supreme Court has clarified that a genuine buyer cannot be denied Input Tax Credit (ITC) merely because the seller failed to deposit tax. In the case of Commissioner Trade & Tax Delhi vs. Shanti Kiran India Pvt. Ltd., the Court emphasized that if purchases are genuine, invoices valid, and payments made through banks, ITC should not be denied. This ruling strengthens taxpayer rights and prevents innocent buyers from being penalized for the seller’s default.
Created on: 11/07/2025
Suo Moto Cancellation of GST Registration: Reasons, Process & How to Revoke It
This blog explains what Suo Moto cancellation of GST registration means, why it happens, and how businesses can respond and apply for revocation. It includes the reasons, forms, timelines, and tips to stay compliant.
Created on: 11/07/2025
Supreme Court Backs Genuine Buyers: No ITC Denial for Seller’s Default
The Supreme Court has ruled that genuine buyers cannot be denied Input Tax Credit just because the seller failed to deposit tax or lost registration. This landmark decision under DVAT sets a strong precedent for GST cases too, ensuring fairness and protecting honest taxpayers.
Created on: 11/03/2025
GST Compliance Calendar November 2025
This blog provides a clear and simple calendar of all key GST return filing dates for November 2025. It helps GST-registered taxpayers stay compliant, avoid penalties, and plan their filings in advance.
Created on: 11/03/2025
Quick GST Registration in 3 Days for Small Businesses
The GST portal has launched a faster registration process for low-risk taxpayers. With Aadhaar authentication and proper document upload, eligible applicants can now get GST registration within 3 working days.