Under the Central Goods and Services Tax (CGST) Act, the department has the power to recover dues from a defaulter. However, the law is clear: they can only attach assets that belong to the person who owes the tax. Since you are the owner and the tenant is merely a “permissive occupier,” your bricks and … Read more
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