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Input Tax Credit  gets blocked not because of fraud, but because of small compliance gaps that quietly compound over time. Mismatches between GSTR-1, GSTR-3B , and GSTR-2B, missed invoices, late filings, and incorrect classifications now trigger automatic disallowance under stricter GST controls. With invoice-level scrutiny, IMS acceptance rules, and system-driven notices rising in 2025, ITC is no longer forgiving. Early detection has become essential to protect working capit

New businesses in India face GST compliance from the moment operations begin. Registration, bank account setup, GST filing, return filing schedules, and invoice compliance are no longer optional checkpoints but mandatory milestones tied to strict timelines and risk-based approvals. From November 2025, GST registration has shifted to a faster, automated framework for low-risk applicants, while compliance tracking has become increasingly data-driven. A structured GST compliance

GSTR-3B  is the most critical GST return because it determines the actual tax paid to the government. Errors in ITC claims, liability reporting, or set-off orders can lead to interest, penalties, and blocked credits. With frequent rule updates, auto-populated data from GSTR-1 and GSTR-2B, and strict filing timelines, manual calculations often create compliance gaps. Automated platforms like TaxBuddy  bridge this gap by pulling real-time GST data, applying statutory set-off ru

GST filing  for exporters in India follows a distinct framework that allows exports to remain tax-neutral through zero-rated supplies. Instead of paying IGST upfront, exporters can use a Letter of Undertaking to ship goods or services without blocking working capital. This mechanism, governed by the CGST Act and IGST Act, requires timely LUT filing, accurate GST returns, and proper documentation. With annual LUT renewal becoming critical for FY 2025-26, managing compliance ma

Section 131 inquiry notices are issued when tax authorities require deeper verification of income, bank transactions, or financial disclosures using powers similar to a civil court. These notices allow officers to summon individuals, demand documents, examine records, and conduct hearings to uncover potential discrepancies or unexplained funds. Clear understanding of the notice, timely documentation, and structured responses play a crucial role in preventing penalties, prose

When a business operating under the GST composition scheme  crosses the prescribed turnover limit, a mandatory shift to the regular GST scheme becomes unavoidable. This transition affects invoicing, return filing, tax rates, and eligibility for input tax credit. Missing timelines or filing incorrect forms during GST filing  can result in penalties and loss of benefits. TaxBuddy simplifies this transition by guiding composition dealers through exit formalities, GST portal fili

GST compliance depends on one critical factor: consistency between returns filed, books of accounts, and actual bank transactions. Any mismatch between GSTR-3B , sales records, ITC claims, or tax payments reflected in bank statements can trigger notices, interest, or ITC reversals. Regular reconciliation is no longer optional under India’s GST regime. With increasing data matching by tax authorities, businesses need systems that align GST returns with accounting records in re

GST compliance depends on visibility. Missed filings, delayed returns, or unnoticed mismatches often lead to penalties, GSTIN suspension, or tax notices. TaxBuddy’s monthly GST reports solve this by offering a clear, structured view of what has been filed, what is pending, and what needs attention. These reports pull real-time data from the GST portal and present it in a simple format that helps businesses track GSTR-1, GSTR-3B, and related filings without confusion. By highl

GST refunds play a critical role in maintaining liquidity for exporters and businesses with surplus tax deposits. Under Indian GST law, exporters can claim refunds on zero-rated supplies, while taxpayers can recover excess balances lying in the electronic cash ledger due to overpayments or TDS and TCS credits. The refund framework is designed to return unutilized taxes efficiently through the GST portal, provided conditions under the CGST Act are met. Digital platforms like