Understand the changes to GSTR-3B Table 4 regarding ITC classification. Learn the new reporting guidelines to ensure accuracy and avoid penalties.
A slump sale transfers a business as a going concern for a lump sum. Under GST, this is treated as an exempt service per recent rulings.
Understand GST summons under Section 70 of the CGST Act. Learn about validity, penalties, and taxpayer rights and obligations.
Are yoga classes taxable? Charitable yoga institutions are GST-exempt, while commercial fitness and wellness services attract 18%. Full breakdown with examples.
Learn how to access Forms DRC-07A and DRC-08A on the GST portal to track pre-GST tax demands and arrears effectively.
Learn how to file Form GST DRC-20 for payment deferment or installments. Discover eligibility criteria and the step-by-step online submission process.
Understand GST on marketing activities and free promos. Learn why Input Tax Credit is often denied for promotional merchandise inputs.
Learn the step-by-step process to voluntarily cancel your GST registration online. This guide covers portal navigation, reasons, and status tracking.
Revised Section 38 of the CGST Act strengthens ITC rules to combat fraud. Learn about GSTR-2B restrictions and stricter vendor verification needs.
GSTN auto-populates GSTR-3B using GSTR-1 and GSTR-2B data to simplify filing. Learn how this feature and new hard-locking rules minimize errors.
From FY 20-21, GSTR-9C requires self-certification for turnover exceeding Rs. 5 crore. Taxpayers must ensure accuracy to avoid GST penalties.
Learn how to restore canceled GST registration by filing Form GST REG-21. This guide covers prerequisites, timelines, and the approval process.
Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
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