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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

Professionals in India, including doctors, lawyers, accountants, and consultants, must register for GST once their annual aggregate turnover exceeds ₹20 lakhs, or ₹10 lakhs in special category states. Crossing this threshold triggers mandatory compliance under the CGST Act, including filing  GSTR-1  and GSTR-3B  returns. Accurate turnover calculation, timely registration, and adherence to GST migration procedures are critical to avoid penalties and interest. TaxBuddy  streaml

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

Understanding whether to file a   GST Nil Return or a Regular Return is crucial for every registered taxpayer. Nil Returns are required when no business activity or taxable transactions occur during a filing period, while Regular Returns report actual sales, purchases, and tax liabilities. Incorrect filing can lead to penalties, compliance issues, or even registration complications. Platforms like TaxBuddy  analyse GSTIN data, transaction history, and portal auto-population t

GST audit and reconciliation play a critical role in ensuring compliance under Indian GST laws, especially as tax authorities increasingly rely on data-driven scrutiny across GST filing and return verification. Matching books of accounts with GST returns such as GSTR-1, GSTR-3B, and GSTR-2A or 2B helps identify gaps in sales reporting, input tax credit claims, and tax payments before notices arise. Businesses with higher turnover face stricter documentation and reconciliation

GST compliance for service providers in India has become more structured but significantly more data-driven in 2025. Agencies, chartered accountants, and consultants now face clearer tax rates and thresholds, alongside tighter scrutiny through analytics, cross-linking with income tax data, and stricter return matching. Errors in invoicing, ITC claims, or return reconciliation can quickly lead to notices and blocked credits. In this environment, managing GST is no longer a per

Delayed GST return filing  leads to automatic late fees and interest under the CGST Act, 2017, increasing the total tax outgo even for short delays. Late fees apply per day based on return type and turnover, while interest is calculated daily on unpaid tax at prescribed rates. With GST rates and penalties remaining unchanged in 2025, accurate estimation has become essential to avoid surprises during filing. A reliable GST late fee and interest calculator helps businesses unde