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GST interest on delayed payment can quietly inflate tax outflows if compliance slips even by a few days. Under Section 50 of the CGST Act, interest applies automatically once the due date is missed, calculated daily on the unpaid tax. Recent clarifications under Rule 88B have refined how interest is computed, shifting the focus to net cash liability instead of gross tax. With GSTR-3B now auto-calculating interest during GST filing, errors or delays directly translate into hig

Marketplace sellers operating on Amazon, Flipkart, and Meesho face a distinct GST framework in India. GST registration is mandatory for most sellers, even at lower turnover levels, due to e-commerce provisions under the CGST Act. Alongside routine returns, sellers must track TCS deductions, reconcile platform statements, and align data across GST and income tax systems. With frequent rate updates and growing scrutiny, compliance has become more data-heavy than transactional.

GST Input Tax Credit reversal is not optional. It is a statutory requirement under the CGST Act whenever credits are linked to exempt supplies, unpaid invoices, blocked credits, or non-business use. Missing a reversal can lead to interest, penalties, and scrutiny during assessments. With frequent changes such as new exemptions and compliance checks driven by GSTR-2B data, identifying reversal situations manually has become complex. During routine GST filing, platforms like Ta

GST compliance is a common concern for home-based businesses offering services or selling products in India. Registration is mandatory only after crossing prescribed turnover limits, yet many small sellers struggle with clarity around thresholds, documentation, and ongoing filings. With recent GST reforms and automation, compliance has become faster but still demands accuracy. Home-based entrepreneurs need a system that simplifies filings, aligns GST with income tax, and avoi

Accurate GST compliance depends heavily on matching purchase data with GSTR-2B, a static statement that determines the eligible Input Tax Credit. Manual reconciliation often leads to missed credits, excess claims, or interest liabilities due to mismatches in invoices, supplier filings, or tax values. TaxBuddy addresses this challenge through AI-driven automation that fetches GSTR-2B data directly from the GST portal and reconciles it with business purchase records. By combini

GST treatment of educational and training services in India depends on the nature of education, recognition status, and how services are bundled. Core education up to higher secondary level and recognised higher education remains exempt, while private coaching, corporate training, and non-recognised courses attract 18% GST. Many institutions offer both exempt and taxable elements, creating mixed supply scenarios where GST applies at the highest rate. Correct classification, t

GST registration cancellation and revocation follow clearly defined procedures under the CGST Act, 2017. Businesses may cancel GST voluntarily due to closure or low turnover, while tax authorities can cancel registrations for non-compliance such as return defaults. Revocation offers a second chance when cancellation is done by the department, provided timelines and conditions are met. Managing these processes requires accurate filings, timely responses, and compliance with fo

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.

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