Category: GST
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Big GST Update! No Invoice Matching, No ITC – Massive Compliance Change from April 2025
Introduction The Union Budget 2025 has introduced a significant compliance update in the Goods and Services Tax (GST) framework—making invoice matching with GSTR-2B mandatory for claiming Input Tax Credit (ITC).…
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GST on Online Food Delivery in India (2025): Latest Tax Updates, Rules & Impact on Swiggy, Zomato, and Restaurants
1. GST on Food Delivered Initially, restaurants supplying food through online platforms were responsible for collecting and remitting GST. However, effective January 1, 2022, the GST Council amended this approach.…
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GST and Examination Services: Key Exemptions Explained
Introduction The Goods and Services Tax (GST) in India has been a topic of significant discussion, especially regarding its applicability to the education sector. While education is largely considered a…
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Reconciliation of GSTR-3B and GSTR-7: Understanding the Mismatch and Defending Against Tax Notices
Introduction In recent months, a growing number of taxpayers have received notices from the Goods and Services Tax (GST) department regarding discrepancies between GSTR-3B (Summary Return of Outward Supplies) and GSTR-7 (TDS Return…
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GST REFUND – NEVER ENDING SAGA OF DEFICIENCY MEMO
Refund mechanism under taxing statute is very essential as it facilitates the businesses by release of blocked funds for working capital purposes and enables cash flows. The procedure for claim…
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ITC Lapsing & GST: No Interest? Everything You Need to Know!
Introduction The Goods and Services Tax (GST) regime in India introduced the Input Tax Credit (ITC) mechanism to avoid the cascading effect of taxation. Under this system, businesses can claim credit for taxes paid…
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Burden of Proof in Case of Input Tax Credit (ITC)
Introduction The concept of the burden of proof is a fundamental principle in taxation, particularly in the realm of Goods and Services Tax (GST) in India. The burden of proof determines who is responsible…
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ITC Availment Under Wrong Head Should Not Be Penalised: High Court
In a recent ruling, the High Court has addressed an important issue related to the availment of Input Tax Credit (ITC) under the wrong head of GST (i.e. CGST, SGST,…
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Common GST Mistakes Small Businesses Make & How to Avoid Them
Goods and Services Tax (GST) has streamlined the taxation process for businesses in India. However, small businesses often struggle with compliance due to a lack of awareness and expertise. Making…
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Multi-State GST: Mandatory ISD Registration Effective April 1, 2025
The Goods and Services Tax (GST) landscape in India is set to undergo a significant transformation with the mandatory implementation of Input Service Distributor (ISD) registration, effective from April 1,…
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