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: 12/11/2025
GST E-Way Bill System Upgrade: Major Loopholes Closed for Stronger Compliance
The government has upgraded the GST E-Way Bill system to close long-standing loopholes that allowed duplicate bills, non-filers, and cancelled GSTIN holders to move goods illegally. New system-driven checks such as unique invoice lock, filing restrictions, GSTIN validation, and a 180-day invoice limit now ensure stronger, automated compliance for all businesses and transporters.
Created on: 12/11/2025
Madras High Court Offers Big Relief to Tyre Companies on GST Penalties
The Madras High Court has cancelled major tax notices issued to Apollo Tyres Ltd. and MRF Ltd., ruling that voluntary tax payment cannot trigger the harsh penalties under Section 74. The court clarified that when confusion exists in the industry and companies show willingness to pay, the case falls under Section 73 for genuine mistakes. This decision offers clarity and relief to businesses facing similar disputes.
Created on: 12/11/2025
Stop the Audit! Essential Risk Checklist for Your Yearly GST Filing (FY 2024-25)
Simplify your year-end tax process. This guide cuts through the complexity of the annual GST return (GSTR-9) and highlights 25 critical errors the 'Red Flags' that often trigger government scrutiny. Use this checklist to safeguard your business before the deadline.
Created on: 12/11/2025
GST Annual Filing: Everything You Need to Know for FY 2024-25
The annual Goods and Services Tax (GST) filing for the 2024-2025 financial year is quickly approaching. This post explains who needs to file the yearly return (GSTR-9) and the reconciliation statement (GSTR-9C), outlines the penalties for delays, and provides an essential checklist to ensure timely compliance.
Created on: 12/10/2025
How to File GSTR-9 for FY 2023-24 with Late Entries in FY 2024-25
Filing GSTR-9 for FY 2023-24 can be confusing if you recorded some entries in FY 2024-25. This guide shows where to report late ITC, missed sales/debit notes, credit notes, and reverse charge so your annual return is accurate.
Created on: 12/10/2025
GST Demand Alert: Delhi HC Cancels Duplicate Notices
The Delhi High Court has cancelled duplicate GST demand notices (DRC-07) raised for the same transaction across different financial years, confirming that tax can only be demanded for the year in which the transaction occurred.
Created on: 12/08/2025
New GST Rule December 2025: No Bank Details = No GSTR-3B Filing
Starting December 2025, GST registrations will face automatic suspension if bank account details are not updated within 30 days or before filing GSTR-1/IFF. This new compliance rule directly impacts filing, billing, and business continuity, making timely updates essential for businesses.
Created on: 12/08/2025
GSTR-9 Annual Return FY 2024-25: Avoid Scrutiny with This Checklist
A clear, practical checklist for filing GSTR‑9 for FY 2024‑25. Covers revenue matching, ITC accuracy, RCM compliance, import alignment, reconciliation, and common filing pitfalls to help avoid scrutiny and penalties.
Created on: 12/08/2025
GSTR-9 Exemption for Small Businesses: Latest Update Explained
The government has permanently exempted businesses with turnover up to 2 Crores from filing GSTR-9. The move aims to reduce compliance burden while ensuring monthly and quarterly GST filings continue.
Created on: 12/06/2025
GST Update: Auto Suspension for Not Updating Bank Details
Starting 5th December 2025, businesses registered under GST must update their bank account details within 30 days of registration or before filing GSTR-1/IFF, whichever is earlier. As per Rule 10A, failure to comply will result in automatic suspension of GST registration. The update process requires furnishing bank account number, IFSC code, and a cancelled cheque or bank statement via the GST portal. While OIDAR and NRTP taxpayers are exempt, OIDAR taxpayers with a representative in India must provide bank details. Timely compliance ensures uninterrupted GST registration and avoids cancellation proceedings.
Created on: 12/05/2025
GST Annual Return Simplified: Key ITC Changes in GSTR-9 & GSTR-9C for FY 2024-25
A simplified guide to ITC changes in GSTR-9 and GSTR-9C for FY 2024-25, covering late claims, reversals, reclaims, and reconciliation requirements.
Created on: 11/29/2025
GST Appeals: Why Even a Favourable Order Isn't Really Final
A detailed summary explaining that winning a GST case at the initial level (adjudicating authority) does not guarantee finality, as the Tax Department holds the power to file an appeal under Section 107. The post outlines the multi stage appellate process (Appellate Authority, GSTAT, High Court, Supreme Court), the financial impact on businesses due to tied-up cash (pre-deposit requirements), and practical steps for taxpayers to manage this uncertainty.