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GSTR-2B serves as a static, monthly ITC statement that lists all invoices, debit notes, ISD credits, and import-related data reported by suppliers. Its accuracy directly determines how much Input Tax Credit can be claimed in GSTR-3B. Businesses depend on GSTR-2B to prevent excess claims, avoid mismatches, and ensure compliance with GST rules. TaxBuddy uses this monthly dataset to simplify reconciliation, highlight discrepancies before filing, and reduce the risk of interest

E-commerce sellers face some of the most complex GST obligations in India, primarily due to platform-based transactions, automated TCS deductions, and strict reporting rules under GSTR-1 and GSTR-3B. Every sale, return, commission, and fee flows through digital records that must match the GST portal’s ledgers exactly, making reconciliation essential for avoiding mismatches and notices. Since e-commerce operators collect TCS under Section 52 and deposit it through GSTR-8, sell

The GST Composition Scheme reduces compliance pressure for small businesses by offering simplified tax reporting and fixed-rate payments for eligible traders, manufacturers, restaurants, and service providers. Its two core filings—CMP-08 every quarter and GSTR-4 annually—form the backbone of compliance under this scheme. Each filing captures taxable outward supplies, tax payable, and yearly consolidated records without involving Input Tax Credit calculations. Missing these fi

GST compliance for online traders has become a non-negotiable obligation, especially for sellers operating on platforms like Amazon, Flipkart, and Meesho, where GST registration is mandatory irrespective of turnover. Marketplaces deduct TDS under Section 194-O and collect TCS under GST, which pushes traders to maintain accurate monthly filings and reconciliations. Rising enforcement, MFA rollout across the GST portal, and tighter scrutiny in 2025 make structured compliance e

Freelancers and consultants registered under GST must manage invoice reporting, tax payments, and input tax credit claims with precision to avoid notices and blocked credits. GSTR-1 and GSTR-3B form the backbone of monthly or quarterly compliance, while ITC reconciliation ensures accuracy across suppliers and expenses. The rules apply whether services are offered within India or to overseas clients, and even voluntary registrants face the same filing obligations. TaxBuddy p

A GST filing checklist ensures every invoice, ITC claim, and document aligns with the CGST Rules before returns are submitted. Errors in invoice details, missing supplier uploads, incorrect bank information, and mismatches in GSTR-2B are common triggers for notices and delayed compliance. A structured review of purchase data, tax payment status, e-invoice requirements, and reverse charge documentation safeguards accuracy. Many businesses rely on digital platforms such as TaxB

GSTR-9 and GSTR-9C form the backbone of year-end GST compliance, bringing together the full record of outward supplies, inward supplies, ITC claims, and audited financial data for the financial year. These annual returns help businesses confirm whether their monthly and quarterly filings match the books, preventing mismatches that may trigger notices. As FY 2024–25 closes, accurate reconciliation becomes essential for avoiding penalties and ensuring transparent reporting. Ma

GSTR-1 and GSTR-3B sit at the heart of GST compliance, and both returns must mirror each other for accurate tax reporting. GSTR-1 captures outward supplies in detail, while GSTR-3B presents a monthly summary of tax liabilities and eligible input tax credit. When these two returns fall out of sync, automated notices, mismatches in ITC flow, and potential penalties begin to surface. Businesses rely on timely reconciliation to ensure that sales data, tax liability, and ITC clai

GST registration in India follows a structured online process where businesses submit identity details, business proofs, and verification documents to receive a GSTIN. Approval generally takes around seven working days when information is accurate and authentication is completed without discrepancies. Delays usually occur due to mismatched documents or incomplete submissions. Platforms like TaxBuddy simplify this journey by organising documents, preventing filing errors, an