Tag: gst penalty rules

Complete Guide to GST Penalty Rules and Late Fees in India: Detailed Breakdown of Non-Compliance Charges, Interest Calculations, and Government Regulations for Businesses

Nov 15, 2025

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by

Himanshu

in Economic News, Finance and Accounting

Goods and Services Tax (GST) has transformed the indirect tax structure in India by creating a unified system for businesses across sectors. While GST aims to simplify taxation, non-compliance attracts penalties, interest, and late fees that can significantly impact businesses of any size. Many taxpayers face notices, financial loss, and compliance hurdles due to a…
GST Return Filing Basics for Beginners – Step-by-Step Guide, Types of Returns, and Common Mistakes to Avoid

Oct 26, 2025

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by

Himanshu

in Finance and Accounting

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…