Goods and Service Tax

Reading Time: 2 minutesReporting Values in Table 3.2, On April 11, 2025, the Goods and Services Tax Network (GSTN) issued an advisory to clarify the reporting of inter-state supplies in Table 3.2 of Form GSTR-3B, effective from the April 2025 tax period. This update aims to streamline compliance for composition taxpayers and UIN holders by auto-populating data from
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Reading Time: 4 minutescontent creation has transformed into a lucrative profession in India with the rise of digital content platforms, YouTubers , bloggers , Instagram influencers, podcasters all the content creators are monetizing their skills to generate income. but, with this income, comes the responsibility of understanding and complying with tax obligations. the tax liability for content creators
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Reading Time: 3 minutesGST Compliance Checklist, For FY 2025-26, businesses must adhere to a comprehensive GST compliance checklist to ensure seamless operations and avoid penalties. Submit Letter of Undertaking (LUT) for Zero-Rated Supplies Businesses involved in exports or supplies to Special Economic Zones (SEZs) without paying Integrated GST (IGST) must file an LUT in Form RFD-11. Deadline: March
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Reading Time: 4 minutesE-way bill threshold limit, e-way bill is required to transporting the goods from one place to another whether or not by way of supply if the value exceeds the limit specified by the CGST Rules 2017. As per the Rule 138 of CGST rules, the limit is Rs.50,000, which mostly applies to interstate movement, w.e.f
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Reading Time: 2 minutesThe CBIC has introduced several measures to streamline the distribution of input tax credits (ITC) among businesses with multiple branches. One such measure is the Mandatory Input Service Distributor (ISD) Registration. In this article, we will delve into the details of Mandatory ISD Registration in GST, its implications, and the benefits it offers to businesses.
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Reading Time: 3 minutesGST on Sale of Used Cars The Goods and Services Tax (GST) regime in India, introduced on July 1, 2017, significantly impacted various industries, including the automobile sector. The sale of used cars has drawn particular attention under GST because of its evolving tax structure. Initially, used cars were subjected to the same tax slabs
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Reading Time: 2 minutesBiometric Aadhaar Authentication for GST Registration in Delhi, GSTN has informed taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process. 1. Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be
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Reading Time: 6 minutesInvoice Management System, a new communication process is being brought at portal to enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, This will also facilitate taxpayer in matching of their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC). GSTN is in the
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Reading Time: 2 minutesRCM Liability/ITC Statement, In the matter of correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called “RCM Liability/ITC Statement“ has been introduced on the GST Portal. This statement will enhance accuracy and transparency for RCM transactions by capturing the RCM liability shown in Table 3.1(d) of GSTR-3B and its corresponding ITC claimed in Table
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Reading Time: 2 minutesRecommendations made by 53rd GST council meeting held on 22nd June 2024 are as following;-   1. Waver of interest and penalty on demand notices issued under section 73 for FY 2017-18, 2018-19, 2019-20. Applicable in cases where tax is paid entirely by March 2025. 2. ⁠time limit to avail ITC u/s16(4) filed up to
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