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  • How to Claim GST Refund for Exports6 min read
    GST

    How to Claim GST Refund for Exports

    Exports of goods and services are zero-rated under GST. The exporter can either export under LUT (Letter of Undertaking) without paying IGST, or pay IGST and claim a refund of the IGST paid. Refund claims are filed in RFD-01, typically processed within 60 days, but matching delays make the practical timeline 3–6 months.

    FinTax24 Editorial Team29 Jun 2026
  • GST Notice Response Playbook7 min read
    GST

    GST Notice Response Playbook

    A notice under Section 61, 73, or 74 is a show-cause, not a demand. You respond in FORM GST ASMT-10 or DRC-06 within the stipulated time with reconciliation and supporting documents. Most demands are dropped or reduced at the personal-hearing stage when the response is well-organised.

    FinTax24 Editorial Team8 Jun 2026
  • Read a P&L Statement Like a CFO6 min read
    Finance & Compliance Tips

    Read a P&L Statement Like a CFO

    A P&L statement is more than revenue minus expenses. A CFO reads it as a story of contribution margin, operating leverage, cost structure, and earnings quality. Look at the trajectory of revenue, the gross margin pattern, the operating expense discipline, and the non-recurring items. The P&L is the basis for every management decision.

    FinTax24 Editorial Team11 Jan 2026
  • Strike Off a Dormant Company (Form STK-2)6 min read
    Compliance & ROC

    Strike Off a Dormant Company (Form STK-2)

    A dormant company can be struck off the ROC register by filing Form STK-2 along with the prescribed fees and indemnity bond. The company must have no assets or liabilities, no pending litigation, and must have filed all annual returns up to the date of application. Approval takes 1–2 months.

    FinTax24 Editorial Team2 Mar 2026
  • HSN Codes: 2025 Enforcement Wave7 min read
    GST

    HSN Codes: 2025 Enforcement Wave

    HSN/SAC codes were always mandatory, but the 2024-25 GSTN intelligence tools are now flagging mismatches in GSTR-1, mismatch in E-Way Bills, and bogus ITC chains. Here is what triggers a notice.

    FinTax24 Editorial Team3 Sept 2026
  • ITC: Conditions, Blocked Credits & Reversal7 min read
    GST

    ITC: Conditions, Blocked Credits & Reversal

    Input Tax Credit (ITC) under Section 16 is available on goods and services used in the course or furtherance of business — subject to four conditions (possession, use, supplier return, payment within 180 days) and the Section 17(5) blocked-credit list.

    FinTax24 Editorial Team11 Jun 2026
  • Books of Accounts: What the Law Requires5 min read
    Compliance & ROC

    Books of Accounts: What the Law Requires

    Under Section 128 of the Companies Act 2013, every company must maintain proper books of account at the registered office. Under Section 44AA of the Income-tax Act, specified persons (business, profession, other income above threshold) must maintain books for 6 years from the end of the relevant AY. Non-compliance attracts penalty under Section 271A.

    FinTax24 Editorial Team20 Feb 2026

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