GST Section 18: Availability and Reversal of Input Tax Credit in Special Circumstances
Input Tax Credit, commonly known as ITC, is the backbone of GST. Under normal GST rules, a registered taxpayer can claim ITC…
Read the guide →GST Section 17(5) Blocked Credit: Complete Guide to Ineligible ITC with Examples
Input Tax Credit, commonly known as ITC, is one of the most important benefits under GST. A registered taxpayer can generally claim…
Read the guide →GST Registration Process in India: Regular GST vs Rule 14A Simplified Registration Explained
GST registration is one of the first compliance steps for any business that wants to sell goods or services in India. Whether…
Read the guide →GST Reconciliation in Tally: GSTR-1, GSTR-3B, GSTR-2A, GSTR-2B and Books Matching Guide
GST reconciliation is one of the most important steps before finalising books of account, preparing GST annual returns, completing audit work and…
Read the guide →Amazon and Flipkart Seller Accounting in Tally: GST-Ready Automation for Online Businesses
Accounting for online sellers is one of the most time-consuming areas for accountants, tax professionals and finance teams. Amazon and Flipkart sellers…
Read the guide →F&O and Intraday Reporting in ITR: Turnover, Losses and Business Income Explained
F&O and intraday reporting in ITR-3 is one of the most confusing areas for taxpayers. Many people trade in shares, intraday, futures…
Read the guide →GST E-Invoicing Time Limit from 1 April 2026: Goods vs Services Explained
There is a lot of confusion on social media about the GST e-invoicing time limit from 1 April 2026. Many taxpayers are…
Read the guide →GST Invoice Rules for B2C Sales: When Customer Name, Address and State Details Are Mandatory
GST invoicing for B2C sales often creates confusion, especially when the buyer is an unregistered person. Many businesses are unsure whether they…
Read the guide →Delayed GST Return Filing Can Lead to Section 74 Penalty: Key Compliance Lesson
GST return filing should not be taken lightly. If a taxpayer delays filing GSTR-3B and also delays payment of tax, the department…
Read the guide →New Income Tax Rules for Cash Transactions in 2026: Savings Account, Current Account, UPI, FD and Credit Card Limits Explained
Although cash usage has reduced significantly over the last few years, there are still many pockets of the economy where cash transactions…
Read the guide →GSTR-3B Changes Applicable from February 2026 – Auto Interest Calculation, ITC Set-off Flexibility & Liability Break-up Explained
Main Discussion From the February 2026 return cycle, several important system-driven changes are being activated in GSTR-3B on the GST portal. These…
Read the guide →GST Treatment of Post-Sale Discounts After Budget 2026 – Section 15 & Credit Note Alignment Explained
Main Discussion Post-sale discounts have long been one of the most litigated areas under GST valuation. The core issue has been whether…
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