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Relocating to a new city within India or moving abroad can quietly change how income, assets, and investments are taxed. Tax outcomes during relocation depend largely on residency status under the Income Tax Act, 1961, the timing of income and asset transfers, and compliance with banking and reporting rules. Even a short overseas stay can shift taxability from global income to India-sourced income only. With residency rules tightening under the Income Tax Bill, 2025, planning

GST return data accuracy plays a critical role in avoiding scrutiny from tax authorities. Even small mismatches between GSTR-1, GSTR-3B, GSTR-2B, and income tax returns can trigger automated alerts or formal notices. Most notices arise not from fraud, but from manual errors, unreconciled invoices, or incorrect ITC claims. Ensuring consistency across  GST filings  and income disclosures has become essential under the CGST Act, 2017. Platforms that combine technology-led reconc

GST return filing  is mandatory for online service businesses in India, even when the turnover limits applicable to regular taxpayers are not crossed. Digital service providers, SaaS companies, consultants, and platform-based businesses must report online sales, pay tax, and reconcile data accurately under the GST law. Returns such as  GSTR-1 , GSTR-3B, and, in specific cases GSTR-5A apply depending on the nature of digital services offered. With increasing data matching, tig

GST compliance  does not pause during zero-transaction months. Registered taxpayers are legally required to file NIL returns even when there are no sales, purchases, or tax liabilities. Missing these filings can trigger daily late fees, compliance blocks, and even GSTIN suspension. As enforcement tightens in 2025, timely NIL filing has become critical for businesses with seasonal operations or temporary inactivity. Automated platforms like TaxBuddy simplify this requirement b

GST compliance  in India works very differently for freelancers and traders. The distinction lies in the nature of supply, services versus goods, which directly affects registration limits, tax rates, return filing, and overall GST filing requirements. Freelancers typically deal with service-based income, export clients, and platform-led payments, while traders handle goods, inventory, and logistics-related compliances tied closely to GST filing cycles. Applying the same GST

Late  GST filing  attracts daily penalties and interest that quietly eat into business cash flow. Missed due dates for GSTR-1 or GSTR-3B  can lead to late fees under Section 47 and interest under Section 50 of the CGST Act. Many businesses still rely on manual tracking, increasing the risk of errors and delays. TaxBuddy’s Smart Alerts solve this gap by sending timely reminders through its mobile app, emails, and in-app notifications. These alerts are designed to track GST dea

Once a business is registered under GST, return filing obligations continue even if turnover later falls below the prescribed threshold limits of ₹20 lakhs or ₹40 lakhs. Registration creates a legal compliance cycle that remains active until cancellation is formally approved. Stopping GST return filing solely due to reduced turnover can lead to penalties, interest, suspension, and loss of input tax credit. Continued compliance protects registration status, maintains tax credi

GST e-invoicing and return filing are now deeply interconnected under the Indian GST law. Once an e-invoice is generated through the Invoice Registration Portal, its data flows directly into GST returns, reducing manual intervention and mismatches. This linkage ensures that outward supplies reported in GSTR-1 and tax liabilities declared in GSTR-3B remain consistent. With stricter timelines and compliance controls introduced in 2025, businesses must rely on accurate system-l

GST return filings often trigger department queries when inconsistencies appear across returns, ITC data, or payment records. Even compliant businesses may receive notices due to system-driven mismatches in GSTR-1, GSTR-3B, or GSTR-2B. These queries require timely, accurate, and well-documented responses to prevent penalties, ITC reversals, or escalation into scrutiny proceedings. TaxBuddy supports taxpayers at this stage by identifying the root cause of notices, reconciling

GST compliance for B2B and B2C businesses in India now demands sharper classification, tighter reporting, and stricter accuracy. With 2025 updates under the CGST Act mandating separate HSN summaries and clearer transaction segregation in GSTR-1, businesses can no longer rely on consolidated reporting. B2B transactions affect input tax credit flow, while B2C reporting focuses on outward tax liability without credit pass-through. Errors in classification can lead to ITC mismatc