Blocked ITC Under GST – Updated Interpretation for 2026
Introduction Input Tax Credit (ITC) is a key feature of GST, designed to avoid tax cascading. However, the GST law clearly identifies certain credits as blocked, meaning ITC cannot be claimed even if the expense is incurred for business purposes. In 2026, the GST department has strengthened scrutiny using data analytics and return-based validations. As […]
Amendment in Principal Place of Business – Common Errors & How to Avoid Them (2026)
Introduction The Principal Place of Business (PPoB) is the primary location where business records are maintained and operations are carried out under GST. Any addition or change in the principal place of business must be updated immediately in GST registration. Incorrect or delayed amendment can result in registration suspension, physical verification, or cancellation. This article […]
GSTR-1, GSTR-3B Latest Changes & Common Mistakes
Introduction GSTR-1 and GSTR-3B are the most critical GST returns for every registered taxpayer. Errors in these returns often lead to GST notices, interest, penalties, and ITC mismatches. With continuous system validations and stricter compliance in 2026, accurate filing has become more important than ever. This article explains the latest changes and common mistakes in […]
GST ITC Matching 2026 – Invoice Must Appear in 2B
In 2026, the GSTR-2B statement has moved from being a helpful guide to becoming a “digital padlock.” The GST portal is now fully automated, and if an invoice does not appear in your 2B, the system simply will not allow the credit. The days of “provisional credit” are officially history. As we move through 2026, […]
GST Composition Scheme 2025-26: Turnover Limits & New Rules
The GST Composition Scheme is designed for small taxpayers to escape the complexities of the regular GST regime. Instead of maintaining detailed records and filing monthly returns, eligible businesses pay a fixed, lower rate of tax on their total turnover. For the Financial Year 2025-26, the GST Composition Scheme remains a vital tool for small […]
Differences in Compliance Burden for Small & Medium Enterprises (SMEs)
Small and Medium Enterprises (SMEs) play a vital role in the Indian economy. However, tax compliance under GST and Income Tax often becomes a major challenge due to frequent filings, documentation, and strict timelines. Understanding the difference in compliance burden helps SMEs plan better and avoid penalties. Overview of GST and Income Tax GST (Goods […]
IMPORTANT TAX COMPLIANCE REMINDER
Income Tax & GST – Key Due Dates and Actions Required As we approach the year-end compliance period, taxpayers are advised to take note of the following critical Income-tax and GST obligations to avoid penalties, interest, and loss of benefits. INCOME TAX – DECEMBER 31st DUE DATE Who must act before 31st December? 1. Taxpayers […]
GST Return filing rules & deadlines for 2025
In 2025, the transition to GST 2.0 has replaced the old “file and forget” attitude with a system that is hard-locked, time-barred, and highly automated. For your blog, here is the essential guide to the new return filing rules and the critical deadlines for December 2025. 1. The “Hard-Locking” Rule (New for 2025) The most […]
Understanding LUT in GST: Meaning, Benefits, and Its Importance for Businesses
In India, businesses that engage in export activities often hear the term LUT in the context of GST. But what exactly is LUT, and why is it important? Let’s break it down. 1. What is LUT in GST? LUT stands for Letter of Undertaking. It is a formal document that exporters file with the government […]
Recent Updates in GST Registration: Understanding New Rule 9A and Rule 14A 2025
The Goods and Services Tax (GST) framework in India continues to evolve with reforms aimed at simplifying compliance and reducing bottlenecks for businesses. The 2025 amendments to the CGST Rules introduced two important provisions—Rule 9A and Rule 14A. These rules significantly change the GST registration process, making it faster, more transparent, and more business-friendly. Below […]