One stop for everything related to taxes,
Our Blogs

E-commerce operators in India are required to file GSTR-8 monthly to report Tax Collected at Source (TCS) under Section 52 of the CGST Act, 2017, as part of their GST filing obligations. Accurate filing is essential to ensure suppliers can claim their input tax credit and to avoid penalties or interest arising from late or incorrect GST filing . Given the high volume of transactions typically handled by e-commerce platforms, manual reconciliation often leads to errors and com

GSTR-7 is a mandatory monthly GST return for entities required to deduct TDS under Section 51 of the CGST Act, 2017. Government departments, local authorities, and notified entities must report GST  TDS  details such as supplier GSTIN, invoice values, and deducted tax within strict timelines. Errors or delays can attract penalties and interest. With evolving compliance requirements like invoice-level reporting, accurate and timely filing has become essential. Platforms such a

GST registration in India requires specific documents based on the type of business and the provisions of the CGST Act. Ensuring all required documents are ready before starting the application helps avoid delays and rejections during GST filing  and registration. TaxBuddy, a platform for tax compliance, streamlines this process by prompting users to upload the correct documents and verifying them for completeness before submission. Core requirements include PAN, Aadhaar, pas

GSTR-6 is a mandatory monthly GST return for Input Service Distributors that enables structured distribution of input tax credit across multiple branches under the same PAN. It ensures that credit received on common input services, such as audits, software, or professional fees, flows accurately to eligible units without reversal or compliance risk. Errors in GSTR-6 can block ITC for recipient units, making precision critical. With automated data capture, allocation logic, an

Multi-state businesses in India must navigate complex GST compliance, requiring separate GSTINs for each state under the same PAN. From April 2025, mandatory Input Service Distributor (ISD) registration ensures that input tax credits are accurately distributed across branches. Each GSTIN must independently file GSTR-1 and GSTR-3B , tracking state-specific sales, purchases, and ITC. Errors, mismatches, or delays invite penalties, making compliance a critical operational task.

Non-Resident Taxable Persons carrying out taxable supplies in India must comply with GST even without a fixed place of business. GSTR-5 is the mandatory monthly return that captures outward supplies, inward supplies, tax payments, and refunds for such entities. The  GST filing  process for GSTR-5 involves strict timelines, prior registration, bank verification, and accurate reporting of cross-border transactions. Any delay or mismatch can lead to penalties or blocked filings.

GSTR-4 is the annual GST return required from composition dealers, summarising quarterly CMP-08 filings into one consolidated statement of turnover and tax paid. It applies to small businesses registered under the composition scheme with limited compliance obligations but strict timelines. Missing the GSTR-4 deadline can lead to late fees, interest, and loss of scheme benefits. With recent system restrictions limiting delayed filings, accurate and timely GST filing has become

GSTR-2A and GSTR-2B  play a critical role in how businesses track and claim Input Tax Credit under GST. While both are auto-generated statements, they serve very different purposes in ITC planning and compliance. GSTR-2A reflects live supplier data and keeps changing, whereas GSTR-2B provides a fixed monthly snapshot of eligible and ineligible ITC. Understanding how these two statements work together helps businesses reduce mismatches, stay within Rule 36(4) limits, and avoid

The  QRMP scheme under GST  allows eligible taxpayers to file returns quarterly while paying taxes monthly using Form GST PMT-06, making GST filing  more flexible for small and medium businesses. This system reduces compliance pressure and improves cash flow by avoiding large quarter-end payments. PMT-06 acts as a single challan for depositing GST liability during the first two months of a quarter, with final adjustment in GSTR-3B. When handled correctly, it offers predictabi

Accurate GST  Input Tax Credit (ITC)  claims are vital for business compliance and financial efficiency. Manual reconciliation of purchase ledgers with supplier invoices often leads to mismatches, errors, and delayed refunds, creating compliance risks. TaxBuddy leverages automated invoice matching to cross-verify purchase records against supplier-uploaded invoices in real time. This AI-powered system ensures ITC claims are accurate, aligns with GSTR-2A/2B and GSTR-3B  data, a