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Tag: GST compliance India
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GST Return Filing Basics for Beginners – Step-by-Step Guide, Types of Returns, and Common Mistakes to Avoid
The Goods and Services Tax (GST) system has revolutionized India’s indirect tax structure since its launch in July 2017, merging multiple taxes like VAT, Excise, and Service Tax into one unified framework. Every business registered under GST must file GST returns to report their sales, purchases, and tax liabilities to the government. According to the…
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How India’s Simplified GST Registration from 1 November 2025 Empowers Small & Low-Risk Businesses
From 1 November 2025, India’s indirect tax landscape undergoes a major transformation with the rollout of a simplified registration regime under the Goods and Services Tax (GST) for small and low-risk businesses as well as selected public sector entities. This reform is part of the Government’s broader effort to streamline compliance, reduce delays, and reward…
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ITC Reversal Under GST: Complete Guide to 22 September 2025 Changes
Introduction – What’s Changing from 22 September 2025 The Goods and Services Tax (GST) framework in India is undergoing a major compliance change. From 22 September 2025, businesses supplying goods that become exempt must reverse the Input Tax Credit (ITC) they previously claimed on unsold stock.This rule, known as the ITC reversal under GST, is…
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Government Mandates Monthly Monitoring of Price Changes in 54 Essential Items After GST Rate Reduction
The Indian Finance Ministry has issued a directive to Central GST (CGST) field officers to closely monitor price changes for 54 commonly used essential items following the implementation of new GST rates. Effective from 22 September 2025, this initiative is aimed at ensuring that the benefits of GST rate cuts are passed on to consumers,…