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GST registration rules for freelancers and proprietorships may appear identical on paper, but practical differences emerge when business scale, banking requirements, and client expectations come into play. Both structures follow the same turnover thresholds under the CGST Act, yet the decision to register, especially voluntarily, impacts credibility, compliance burden, and growth potential. Choosing the correct path affects invoicing, input tax credit eligibility, ongoing GST

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

Agencies that handle billing on behalf of clients face a unique GST challenge during GST filing. Their own service income attracts GST, while client-related billing may follow a different tax treatment depending on the contractual structure, documentation, and satisfaction of pure agent conditions. Mixing the two can trigger mismatches, blocked input tax credit, and scrutiny during return filing. Accurate segregation of an agency’s own GST liability and client-related GST is

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

Subscription-based businesses in India operate on recurring billing cycles, which makes GST compliance both continuous and sensitive to errors. Most subscription services, including SaaS, digital platforms, and online access services, attract 18% GST and require consistent invoice generation, accurate tax classification, and timely return filing. Any mismatch across invoices, GST returns, or input tax credit can quickly trigger notices or blocked filings. With stricter compli

Real estate brokers and consultants in India are required to charge 18% GST on their commission income, regardless of turnover. This obligation often creates confusion around invoice structure, GST registration, TDS deduction, and income tax reporting. Errors in commission invoices or GST filings can quickly lead to mismatches between GST returns, Form 26AS, and ITR disclosures. With increasing digital scrutiny, brokers handling multiple transactions need a clear compliance f

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

Small retailers in India face unique GST challenges due to low-ticket, high-volume transactions. Managing hundreds or thousands of daily sales generates extensive invoices, complicates Input Tax Credit reconciliation, and increases the risk of filing errors. Recent updates in GST regulations, including simplified QRMP schemes and e-invoicing for small transactions under ₹5,000, aim to ease compliance, but manual management remains cumbersome. TaxBuddy provides a mobile-first

Annual GST reconciliation ensures that a taxpayer’s books of accounts align precisely with GST returns, a critical compliance requirement under Indian GST law. Filing GSTR-9 (annual return) and GSTR-9C (reconciliation statement) demands meticulous matching of turnover, tax payments, and Input Tax Credit (ITC). Taxpayers with turnover exceeding Rs. 2 crore must file GSTR-9, while those above Rs. 5 crore also require GSTR-9C. Recent notifications have introduced exemptions and

GST compliance does not change based on how money is received. Whether collections happen through cash, UPI, cards, or bank transfers, the tax liability remains the same. In practice, however, businesses handling mixed cash and digital payments often face reconciliation gaps between GST returns, bank deposits, and income tax filings. These gaps trigger scrutiny, mismatches, and penalties. With rising digital transactions alongside continued cash usage, accurate reconciliation