Discover the top 10 GST accounting software’s in India for 2026. This in-depth guide provides a comprehensive comparison, pricing details, and key features to help you choose the best solution for your business, ensuring seamless GST compliance and efficient financial management. The Goods and Services Tax (GST) regime, implemented in India in 2017, revolutionized the … Read more
Worried about a GST audit? This comprehensive compliance checklist for small businesses breaks down the top audit triggers and provides actionable steps for accurate invoicing, timely filing, and seamless ITC reconciliation to stay penalty-free. A Goods and Services Tax (GST) audit can be a daunting prospect for any small business owner. It’s time-consuming, document-intensive, and … Read more
Master GSTR-9 Annual Return FY 2024-25. Covers turnover limits, legal sections, new Table 6A1 updates, reconciliation tips, and late fees. Legal Framework & Applicability The requirement to file an Annual Return is rooted in the Central Goods and Services Tax (CGST) Act, 2017. Key Legal Sections Who Must File for FY 2024-25? Turnover Limit Requirement … Read more
Learn how to reply to GST notices online quickly and efficiently with our comprehensive step-by-step guide, complete with screenshots. Avoid penalties and ensure compliance. The Goods and Services Tax (GST) regime in India, while streamlining taxation, often presents its own set of challenges, particularly when it comes to compliance and responding to official communications. Receiving … Read more
Stay compliant in 2025! Get the updated, detailed chart for GST late fees 2025 and penalties for GSTR-1, GSTR-3B, GSTR-9, and more. Learn the daily charges, maximum caps by turnover, interest rates (18% & 24%), and how to avoid costly non-compliance. Essential reading for all GST registered businesses in India. The Core Penalty: Late Fees … Read more
Goods-in-Transit Vehicle met an Accident What to do?, Understand the Income Tax (IT) and GST implications on loss of stock, vehicle WDV, insurance claims, and mandated ITC reversal under Section 17(5)(h). An accident involving a goods vehicle in transit is a significant business disruption. Beyond the immediate operational headache, it triggers crucial questions regarding the … Read more
Understand the common reasons for GSTR-1 vs GSTR-3B mismatches and learn how to rectify them with this step-by-step guide, incorporating the latest rules for 2025. Avoid penalties and ensure GST compliance. Are you a business owner or GST professional struggling with discrepancies between your GSTR-1 and GSTR-3B filings? You’re not alone. These mismatches are a … Read more
Learn why CSR spending is not eligible for GST Input Tax Credit. Understand legal provisions under CGST Act Section 17(5) and Companies Act Section 135. CSR Is Not Considered โUsed in Course or Furtherance of Businessโ Section 16(1) of the CGST Act, 2017 allows ITC only when goods or services are used in the course … Read more