Blog tagged as gst

Imagine waking up one morning and finding a big brown envelope from the Income Tax Department. You open it and your eyes freeze — it says you have undisclosed income of ₹2.28 crore, and you must pay tax and penalty running into tens of lakhs!

In many property deals, people sign an agreement to sell before they do the final registration of the sale deed.

Businesses often face small mistakes in GST invoices – a wrong GSTIN, spelling errors, or address mismatches. But can such technical errors lead to denial of Input Tax Credit (ITC)?

The Bombay High Court ruled this tiny wording gap meant full capital gains exemption — zero tax on ₹1.08 crore.

The Goods and Services Tax Network (GSTN) has issued an advisory regarding Table 3.2 of GSTR-3B, with critical updates effective from the April 2025 tax period. This advisory outlines the changes and processes required for accurate reporting of inter-State supplies.