Input Tax Credit is not unconditional. This comprehensive guide covers the 4 statutory conditions under Section 16(2), mandatory GSTR-2B reflection, 180-day supplier payment reversals, capital goods double-dipping bans, and 30th November deadlines.
ITC Eligibility: What Businesses Must Check Before Claiming Input Tax Credit in India Read More »
Business expense does not mean automatic GST credit. This comprehensive guide covers Section 17(5) blocked credits (motor vehicles, catering, personal use, factory construction), statutory employer exceptions, and GSTR-3B Table 4(B) reporting.
Never claim unmatched ITC. This comprehensive guide explains why GSTR-2B matching is mandatory under Section 16(2)(aa), the difference between GSTR-2A and 2B, how to handle supplier mismatches, and how to respond to automated Rule 88D Form DRC-01C notices.
ITC Reconciliation: Why GSTR-2B Matters for Claiming Input Tax Credit in India Read More »
Moving office, changing directors, or updating your bank account in GST? This guide details the 15-day Form GST REG-14 deadline, Core vs Non-Core approval workflows, inter-state relocation rules, and unnotified address penalties.
GST Registration Details: Core vs Non-Core Amendments and Business Changes in India Read More »
Starting a new business or scaling up? This comprehensive guide explains India’s GST registration turnover limits (₹40 Lakh goods / ₹20 Lakh services), Section 24 mandatory triggers, 15-digit GSTIN anatomy, and voluntary registration rules.
GST Registration Explained: Turnover Limits, Mandatory Triggers and Rules in India Read More »
Do you need GST registration? This comprehensive guide explains Section 22 turnover thresholds (₹40L goods vs ₹20L services), Section 24 mandatory registration triggers, the inter-state services relief, and the 1% Composition Scheme alternative.
GST Registration for Small Businesses: Turnover Thresholds and Mandatory Rules in India Read More »
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