This blog explains the significant updates to GSTR-7 (TDS) and GSTR-8 (TCS) forms, effective February 11, 2025, aimed at enhancing transaction data detail. It covers the 'why' behind these changes, the expected new reporting requirements (with a crucial note on the GSTR-7 invoice-wise reporting deferment), who is affected, and actionable steps for businesses to prepare for smoother GST compliance and reconciliation.

This blog post provides a comprehensive yet concise overview of the upcoming E-Way Bill 2.0 system, effective July 1, 2025. It highlights the core objective of ensuring business continuity through a dual-portal operation and real-time data synchronization. Key enhancements, including new service functionalities and API integrations, are detailed, along with the benefits for taxpayers and transporters such as zero downtime and increased efficiency. The post concludes with actionable advice for businesses to prepare for the transition.

This blog demystifies Tax Collected at Source (TCS) for taxpayers, especially for Financial Year 2024-25 (Assessment Year 2025-26). It explains what TCS is, lists common transactions where it applies (like motor vehicle sales, overseas tour packages, and foreign remittances under LRS), and details how TCS affects one's tax liability. The post guides readers on how to reconcile TCS entries using their AIS/TIS and claim the correct credit when filing their Income Tax Return, helping them ensure accurate tax compliance and avoid discrepancies.

This blog post explains the upcoming major change in GST filing: the GSTR-3B's auto-populated tax liability will become non-editable from July 2025. It clarifies why this is happening, introduces GSTR-1A as the crucial form for corrections, and outlines the essential steps taxpayers must take to ensure timely and accurate compliance, including a note on the new 3-year return filing deadline.

This blog post outlines the critical E-Way Bill compliance rules for 2025, detailing mandatory thresholds, validity periods, and filing procedures (Form GST EWB-01). Learn how to avoid hefty penalties of ₹10,000 or more by adhering to these updated regulations, including insights on interstate vs. intrastate applicability, and new rules regarding generation and extension limits. Discover how MYITRONLINE can help your business navigate these complexities.

The GSTN has rolled out crucial Phase-III changes to GSTR-1/1A Table 12, effective from April/May 2025. Key updates include the bifurcation of Table 12 into separate B2B and B2C sections, mandatory HSN/SAC code selection via dropdowns, and the introduction of value validations (initially in warning mode). This summary details these modifications, their impact on taxpayers based on AATO, and essential preparation steps to ensure smooth compliance.

The recent Infosys GSTN update has made it mandatory to include a consolidated HSN (Harmonized System of Nomenclature) summary for all B2C (Business-to-Consumer) transactions in GSTR-1 filing. Earlier applicable mainly to B2B and high-value B2CS invoices, this significant change now requires businesses to classify and report even small B2C sales by HSN code. The update aims to improve transparency, data accuracy, and tax compliance. This blog details the key implications for businesses, steps for reporting the B2C HSN summary in Table 12 of GSTR-1, HSN digit requirements, and best practices to ensure seamless compliance under the new GST regime.

This blog post provides a detailed analysis of the recent GST Advisory concerning the Appeal Withdrawal Waiver Scheme. It explains the scheme's purpose, highlights the significance of the advisory, outlines the expected key points including eligibility and procedure, details the implications of withdrawal, and offers actionable steps for taxpayers considering this option to resolve pending GST disputes.

The CBIC has notified the GST Appellate Tribunal (Procedure) Rules, 2025, effective April 24, 2025. These rules establish a detailed framework for the GSTAT, emphasizing mandatory e-filing via a dedicated portal, allowing hybrid hearings, and setting clear timelines. Key features aim to streamline GST dispute resolution, ensuring transparency, efficiency, and faster processing of appeals, thereby reducing the burden on High Courts and boosting taxpayer confidence.

This blog post details the updated GST registration guidelines issued by the CBIC on April 17, 2025. It explains the challenges faced by businesses, outlines the typical solutions introduced (like risk-based approaches, standardized procedures, and clearer rules for verification), discusses the anticipated benefits such as faster processing and reduced compliance burden, and advises businesses on navigating the new regulations effectively. The goal is to clarify how these changes aim to simplify the process and reduce harassment, thereby improving the ease of doing business in India.

This guide outlines how interest income is treated under GST as exempt supply according to Rules 42-43, addressing ITC effects, compliance obligations, and the implications for financial institutions.

This detailed guide covers the reporting obligations for GSTR-1 and IFF regarding B2C interstate transactions that surpass 1,00,000. Discover the essentials of compliance, necessary documentation, and optimal practices for precise GST filing.