About the GST category
Practical guides, checklists, and updates on gst from the FinTax24 team — covering registration, filings, compliance and procedures for Indian businesses and individuals.
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GST E-Invoicing: Threshold, IRN & Common Errors
GST e-invoicing is mandatory for businesses with aggregate turnover above ₹5 crore (Notification 13/2020-CT as amended). Every B2B invoice must carry a 64-character IRN and QR code from the Invoice Registration Portal. Below the threshold, it is voluntary. Cancellation is allowed within 24 hours.
Rahul Dabhi · 18 Sept 2026 · 9 min read
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GSTR-2B vs GSTR-3B: How to Claim ITC Correctly and Avoid Rejections
GSTR-2B is the sole ITC claim base from FY 2021-22 onwards. This guide explains what GSTR-2B shows, how to reconcile it against your purchase records, what happens when suppliers fail to file, and how to handle mismatch rejections in GSTR-3B.
Rahul Dabhi · 12 Sept 2026 · 9 min read
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Do I Need GST Registration? A Practical Checklist for Small Businesses and Freelancers
GST registration is mandatory when your turnover crosses ₹20 lakh (services) or ₹40 lakh (goods), but also applies to interstate suppliers, e-commerce sellers, and certain notified categories regardless of turnover.
Rahul Dabhi · 8 Sept 2026 · 8 min read
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GST Penalty for Late Return Filing: Late Fee, Interest, and Section 122 Penalty Explained
Late filing of GSTR-1 / GSTR-3B / GSTR-9 attracts Section 47 late fee (₹50/day for normal filers, ₹20/day for NIL returns, capped per Act) plus 18% per annum interest on unpaid tax under Section 50. Repeated late filing without reasonable cause can escalate to Section 122 penalty up to ₹10,000 per offence.
FinTax24 Editorial Team · 8 Sept 2026 · 6 min read
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GST Registration for Startups: When to Register, Which Scheme to Pick, and How to Avoid the Common Mistakes
Most Indian startups cross the GST threshold or make their first inter-State sale within the first six months — register early, pick the right scheme (regular vs composition), and avoid the seven mistakes that waste capital and trigger notices.
FinTax24 Editorial Team · 8 Sept 2026 · 6 min read
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GSTR-1 vs GSTR-3B: What Each Return Captures, When to File, and How They Connect
GSTR-1 is the outward-supply register — every B2B invoice, credit note, debit note and advance. GSTR-3B is the summary self-assessment — output tax, eligible ITC, and balance tax payment. Same month, two different returns, fixed order.
FinTax24 Editorial Team · 8 Sept 2026 · 5 min read
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Annual Return GSTR-9: Practical Filing Checklist
Reconciliation between books, GSTR-1, GSTR-3B, and GSTR-2B — the common mismatches and how to handle them.
FinTax24 Editorial Team · 4 Jun 2026 · 8 min read
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Composition Scheme: Trap for Services
The 6% composition rate looks attractive next to 18% GST — but input credit denial, blocked e-commerce sales, and reverse charge on rent quietly erase the gain. A working-paper style breakdown.
FinTax24 Editorial Team · 3 Sept 2026 · 8 min read
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Composition vs Regular GST: Which to Choose
Composition is a turnover-based, simplified regime for small taxpayers up to ₹1.5 crore aggregate turnover (₹75 lakh in special-category states). Regular registration gives ITC eligibility, inter-state supply ability, and e-commerce access. The companion trap-piece covers the service-business math.
FinTax24 Editorial Team · 18 Jun 2026 · 6 min read
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E-Way Bill Rules: Threshold & Pitfalls
An e-way bill is mandatory for movement of goods worth over ₹50,000 (₹50,000 inclusive of GST). Validity depends on distance — 1 day for up to 200 km, then 1 additional day for every 200 km (or part) thereafter; ODC cargo gets 1 day per 20 km — and the consignment must reach before expiry or the bill must be extended. Common pitfalls: mismatched HSN code, transporter ID, and Part-B vehicle number.
FinTax24 Editorial Team · 22 Jun 2026 · 6 min read
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GST Notices: Lawyer vs CA-Only
A practical triage: ASMT-10, DRC-01, DRC-07, REG-31, and MOV-09. When to respond yourself, when to engage a CA, and when to bring a GST counsel — the 2025-26 enforcement patterns explained.
FinTax24 Editorial Team · 3 Sept 2026 · 9 min read
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GST on Rent: Residential vs Commercial
Rent of residential dwelling to a registered person attracts 18% GST on reverse charge (if landlord is unregistered). Rent of commercial property attracts 18% GST on forward charge (landlord charges, tenant claims ITC). TDS under Section 194-I applies at 10% on rent exceeding ₹2.4 lakh per year.
FinTax24 Editorial Team · 15 Jun 2026 · 6 min read
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GST Registration: Step-by-Step Guide
GST registration is required once aggregate turnover crosses the threshold (₹40 lakh for goods, ₹20 lakh for services, ₹10 lakh for special-category states) or for inter-state supply, e-commerce, and notified categories. The application is on the GST portal in 11 parts.
FinTax24 Editorial Team · 6 Jul 2026 · 9 min read
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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 Team · 29 Jun 2026 · 6 min read
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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 Team · 8 Jun 2026 · 7 min read
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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 Team · 3 Sept 2026 · 7 min read
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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 Team · 11 Jun 2026 · 7 min read
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Reverse Charge Mechanism in GST: When It Applies
Reverse charge (Section 9(3) and 9(4) of the CGST Act) makes the recipient of supply liable to pay GST instead of the supplier. The most common triggers: legal services from advocates, GTA from unregistered transporters, rent from unregistered landlords, security services, and import of services.
FinTax24 Editorial Team · 26 Jun 2026 · 7 min read
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