GST Update
New GST rates for certain goods and services effective May 1, 2026
GST Updates
CBIC circulars, GSTR portal changes, AAR rulings, ITC disputes, e-invoice and e-way bill updates — decoded the same day they drop.
GST Updates
GST Council Announces New Rates for Certain Goods and Services
The GST Council has announced new rates for certain goods and services, effective from June 1, 2026.
GST Council Announces New Rates for Certain Goods and Services Read Post »
GST Updates
GST Council Removes Exemptions on Certain Services, Including Hotel Accommodations
The GST Council has announced the removal of exemptions on certain services, including hotel accommodations, effective from October 1, 2026.
GST Council Removes Exemptions on Certain Services, Including Hotel Accommodations Read Post »
Act Explainers, GST Updates
ITC Reversal Under GST: Rule 42, Rule 43 and the Annual True-Up
A large pharmaceutical company in Ahmedabad had been claiming full ITC on its marketing overheads for two years. When a
ITC Reversal Under GST: Rule 42, Rule 43 and the Annual True-Up Read Post »
GST Updates
GSTR-2B Reconciliation: Why Skipping This Step Is Costing You ITC
Every month, thousands of businesses across India claim input tax credit (ITC) based on what they think their suppliers have
GSTR-2B Reconciliation: Why Skipping This Step Is Costing You ITC Read Post »
GST Updates
GST Rule 86B: The 1% Cash Rule That Trips Up High-Turnover Businesses
It was a routine GSTR-3B filing day for the finance team at a Delhi-based consumer goods distributor with a ₹12
GST Rule 86B: The 1% Cash Rule That Trips Up High-Turnover Businesses Read Post »
GST Updates
Demystifying GST on Real Estate: Know the Tax Implications Before You Buy
Buying a property in India is one of the most significant financial decisions in a person’s life, and GST implications
Demystifying GST on Real Estate: Know the Tax Implications Before You Buy Read Post »
GST Updates
New GST Amnesty Scheme 2023: Relief to Taxpayers with Late Fee Waiver
In a significant relief measure for businesses and individuals struggling with GST compliance backlogs, the Government of India launched the
New GST Amnesty Scheme 2023: Relief to Taxpayers with Late Fee Waiver Read Post »
GST Updates
Upload E-invoice on IRP within 7 Days — What Rs 100 Crore+ Businesses Must Know
In a significant compliance update, the Goods and Services Tax Network (GSTN) has mandated that businesses with an aggregate annual
Upload E-invoice on IRP within 7 Days — What Rs 100 Crore+ Businesses Must Know Read Post »