GSTR-9 & GSTR-9C — Annual
Return and Reconciliation StatementOnce the financial year
ends, regular GST-registered businesses need to step back and file a
consolidated annual return, and larger businesses nee...
GST Returns — GSTR-1, GSTR-3B,
GSTR-4 & the QRMP SchemeFiling returns is the
recurring heartbeat of GST compliance. Different taxpayers file different
returns, at different frequencies, and missing a due dat...
GST Invoicing — Rules, Formats
& E-Invoicing
GST ACT SIMPLIFIED SERIESA GST-compliant invoice
is more than just a bill — it's the legal document that lets your buyer claim
Input Tax Credit, and getting ...
Value of Supply under GST — How
Tax is Calculated
GST ACT SIMPLIFIED SERIESGST is charged as a
percentage of the 'value of supply' — but that value isn't always simply the
sale price written on your invoice...
Place of Supply under GSTPlace of supply might
sound like a technicality, but it decides one very practical thing: whether you
charge CGST+SGST or IGST on a transaction — and getting it wrong is one of the
most ...
Time of Supply under GST — When
Does Tax Liability Arise?
GST liability doesn't
necessarily arise the moment money changes hands, or the moment goods are
delivered. The law has specific rules — called 'time...
GST Rate Structure —
Understanding the GST 2.0 Slabs
GST rates aren't fixed
forever — they get revised by the GST Council from time to time based on
economic conditions and policy priorities. The biggest ch...
CGST, SGST, IGST & UTGST —
The Four Faces of GST ExplainedGST isn't a single tax
collected by one authority — India's dual GST structure splits it into CGST,
SGST, IGST and UTGST depending on who is collec...
Reverse Charge Mechanism (RCM)
under GST
GST ACT SIMPLIFIED SERIESUsually, the supplier
collects and pays GST. But under the Reverse Charge Mechanism (RCM), this
liability flips — the recipient of the goods o...
Input Tax Credit (ITC) under GST
— Eligibility, Conditions & Blocked CreditsInput Tax Credit is the
backbone of GST — it's what prevents the 'tax on tax' problem and keeps the
overall tax burden proportion...