# gstcompliance
12 posts in `gstcompliance` tag
GST Alert: Supreme Court Intervenes on Crucial ITC Denial Issue
The Supreme Court of India, in the interim order of Roshan Sharma v. Deputy Commissioner of Revenue, State Tax & Anr., has issued notice and stayed the High Court's order, agreeing to consider the validity of Input Tax Credit (ITC) denial solely because of the retrospective cancellation of a supplier's GST registration. The case also centrally addresses the violation of natural justice due to the denial of cross-examination and access to crucial evidence like Fastag data.
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By Krishna
10 GST Moves That Can Trigger an Audit, Scrutiny, or Notice
The GST system uses AI and data analytics to flag discrepancies. This guide details the 10 most common GST mistakes such as excess ITC and GSTR mismatches that instantly catch the department’s eye and lead to notices or audits.
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By Krishna
Capital Gains Accounts Scheme (CGAS) 2025: Major Digital Updates for Taxpayers
The Capital Gains Accounts Scheme (CGAS) has been overhauled for FY 2025-26. Key changes include authorization of 19 private banks (HDFC, ICICI, Axis), acceptance of all major digital payment modes (UPI, NEFT, Cards), online account closure, and the inclusion of Section 54GA (SEZ relocation) exemption.
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By Krishna
Key GSTR-9 Changes for FY 2024-25: Your Essential Compliance Guide
The GST landscape for FY 2024-25 sees major updates to GSTR-9 and GSTR-9C. This guide breaks down the structural changes, like the new Table 6A1 for prior-year ITC, revised deadlines, and enhanced reconciliation requirements, ensuring taxpayers stay compliant and avoid late fees.
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By Krishna
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
GSTR-9 Table 8A Shake-Up: New Auto-Population Rules for FY 2024-25
GSTN has changed how Table 8A in GSTR-9 is auto-filled. Starting FY 2024-25, it will include invoices from both the current and next financial year, making ITC reconciliation more accurate. Learn what’s included, what’s excluded, and how to prepare.
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By Krishna
GSTR-9 and GSTR-9C Filing for FY 2024-25 is Now Open
The GST portal has enabled GSTR-9 and GSTR-9C forms for FY 2024-25 starting October 12, 2025. Taxpayers can now file their annual returns and reconciliation statements before the December 31 deadline. Learn who needs to file and how to prepare.
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By Krishna
GSTN Clarifies: No Change in ITC Auto-Population from GSTR-2B to GSTR-3B
GSTN has issued a clarification confirming that the auto-population of Input Tax Credit (ITC) from GSTR-2B to GSTR-3B remains unchanged, even after the implementation of the Invoice Management System (IMS). GSTR-2B will continue to be generated automatically on the 14th of every month. This update helps clear confusion and reassures taxpayers that their filing process remains stable.
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By Krishna
GST Appeals Made Easier: Lower Pre Deposit Rules Under Finance Act 2025
The Finance Act 2025 brings relief to businesses by reducing the pre-deposit requirement for penalty only GST appeals from 25% to 10%. Tax appeals remain unchanged at 10%. Businesses can now use Input Tax Credit (ITC) for deposits, improving cash flow and easing compliance. These changes will be effective after CBIC notification.
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By Krishna