Tax Connect
madhuvridhi
Category: GST
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Mistakes That Invite GST Notice
Many business owners unknowingly make compliance errors that lead to hefty penalties and interest. To protect your bottom line and keep the taxman at bay, here are the top 10 GST mistakes you need to stop making today.
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Reversal of ITC on Manufacturing Losses, Spoilage, and Free Samples under GST: A Complete Guide
Understanding when ITC reversal is required is crucial for compliance and avoiding litigation. Certain situations require reversal of ITC, especially in cases involving manufacturing losses, spoilage, and free samples.
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How to Reply to a GST Notice for ITC Mismatch: A Complete Step-by-Step Guide
Replying to a GST notice for an ITC mismatch doesn’t have to be a nightmare if you maintain clean records and conduct timely reconciliations. By understanding the root cause, gathering the right documentation, and filing a timely response in Form ASMT-11, you can resolve the issue smoothly.
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Setting Up a Subsidiary in India: Pvt Ltd vs. Liaison Office vs. Branch Office
Planning to expand to India? Compare Liaison Office vs. Branch Office vs. Pvt Ltd Company. A guide for foreign companies on tax, liability, and RBI compliance
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Virtual CFO Services: How Foreign Companies Can Manage Indian Accounts Remotely
Expanding to India? Don’t let complex financial regulations slow you down. Discover how Virtual CFO services help foreign companies manage Indian accounts, ensuring GST, TDS, and RBI compliance remotely—without the cost of a full-time hire.
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Essential Compliance Deadlines for Businesses Jan-March 2026
The road to March 31st is paved with deadlines. To ensure your business stays in the fast lane without any regulatory roadblocks, we’ve mapped out the Compliance Essentials for Jan – March 2026. What’s inside: ✅ Key GST & Income Tax Milestones. ✅ Critical MCA Filing Extensions. ✅SEBI Regulation deadline ✅ Pro-tips for Year-End Financial…
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New GST IMS Update: Import of Goods & Bill of Entry Integration (Effective Oct 2025)
A new feature is added in the Invoice Management System (IMS) on the GST portal for imported goods
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Decoding GSTR-9 and GSTR-9C for FY 2024-25: Your Essential FAQ Guide
The Goods and Services Tax Network (GSTN) has issued a set of FAQs to provide clarity on filing the Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) for the Financial Year (FY) 2024-25.
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India Introduces Simplified GST Registration for Small Businesses
Union Finance Minister Nirmala Sitharaman on Friday announced that a new GST registration system will be rolled out from November 1, 2025. The move is aimed at simplifying the registration process, particularly for small businesses and public sector entities.
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Important New Changes in GST Invoice Management System (IMS)Important IMS Changes in GST (October 2025) – What Every Taxpayer Must KnowImportant New Changes in Invoice Management System (IMS)
several new changes have been introduced in the GST Invoice Management System (IMS)