57th GST Council: Key Recommendations & Business Impact
57th GST Council Meeting: What Businesses Should Prepare For GST affects more than tax returns. It affects working capital, business costs and the time teams spend on compliance. The 57th GST Council meeting, held in New Delhi on 8 October 2026, recommended reforms across these areas. The package covers refunds, input tax credit, registration, return […]
How to Claim GST TCS Credit and Refund on the GST Portal
Selling on Amazon, Flipkart, or Meesho? Then you already have GST TCS credit sitting with the government and it is yours to claim. Every month, e-commerce platforms deduct TCS from your payouts at 0.5% (from July 2024 onwards) and deposit it with the government. Once the platform files GSTR-8, that credit flows to your account. […]
Quarterly vs Monthly GST Returns: Which Option Is Right for Your Business?
Quarterly vs Monthly GST Returns is one of the most important compliance choices a GST registered business may make. This decision affects compliance workload, cash flow planning, accounting discipline, and credit flow to customers. This blog explains the difference between quarterly and monthly GST filing and provide insight on which option is better for different […]
E-Invoice Generation in Tally: Setup, Configuration & Compliance
E-invoicing has now become an essential part of GST compliance in India. If your business falls under the prescribed turnover limit for e-invoice, generating invoices without an IRN (Invoice Reference Number) is not legally valid for B2B transactions.If you are using Tally, the good news is that you can generate e-invoices directly from the software […]
TDS on Foreign Remittance: Applicability and Rate Determination
TDS on foreign remittance is among the most misunderstood areas of Indian taxation.People assume that every payment made to foreign vendors are liable for tax deduction under Section 195 of Income Tax Act. This assumption may lead to unnecessary TDS liability, interest liability, and audit confusion. TDS on foreign remittance is applicable only when the […]
How to Change Authorised Person in GST Portal – Complete Advanced Guide
Change Authorised Person in GST Portal is an important compliance activity that every GST-registered business must handle carefully. Authorised person details play a critical role in GST compliance, and any mismatch, inactive signatory, or outdated information can result in return filing failure, inability to generate e-invoices, missed notices, or even penalties. This advanced guide explains […]
GST DRC-03 Explained: When and Why Taxpayers Need to Use It :-
Introduction: – Many taxpayers get confused about when exactly GST DRC-03 should be used. Some people think it is only for notices, while others use it even for normal return mistakes.In reality, It is used only in specific situations, mainly when tax is paid voluntarily or during proceedings, and not through regular GST returns. What […]
GST on Sale of used Vehicles: Should you Claim ITC or Pay tax on Margin?
GST on Sale of Used Vehicles is a topic that confuses many business owners and professionals.When a business buys a vehicle and later sells it, a common question arises. Should you claim Input Tax Credit at the time of purchase or should you avoid ITC and pay GST only on margin at the time of […]
GST for Housing Societies: Easy Step-by-Step Guide for 2025.
Housing societies collect money every month from members for maintenance, security, repairs, housekeeping, and other common services. Once the total yearly collection of the society crosses ₹20 lakh, GST registration becomes compulsory.After registration, GST has to be handled properly on monthly bills, advances received from members, invoice creation, and while filing GSTR-1 and GSTR-3B. Below […]
Navigating GST Refunds 2.0: A Complete Guide for Businesses and Consumers
Introduction India’s GST system has undergone a major reform with the rollout of GST 2.0 on September 22, 2025. The goal is to simplify tax compliance, speed up refunds, and ensure that both businesses and consumers benefit promptly. A major focus of these reforms is the GST 2.0 refund process, which has now been streamlined […]