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The Goods and Services Tax Act, 2017

Blogs under category: The Goods and Services Tax Act, 2017
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TAX DEDUCTED AT SOURCE (TDS) | Complete Section-wise Reference List

Mamta

Income Tax Act, 2025  |  Applicable for Tax Year 2026-27 (w.e.f. 1 April 2026) Challan Code Old Section Nature of Payment New Section (IT Act 2025) TDS Rate Threshold Limit ........ View More

  • 07/08/2026
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  • Visitor's Count: 12

GST on Employee Benefits: Food, Cab, Insurance & Gifts Explained with Practical Examples:

Sakshi

Employee benefits such as free meals, office cabs, health insurance, and festive gifts are common in many organizations. While these benefits improve employee satisfaction and retention, they also rai ........ View More

  • 06/08/2026
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  • Visitor's Count: 10

Mastering GST Rule 86B: A Detailed Guide to the 1% Cash Payment Requirement

Megha Malik

In the complex landscape of GST compliance, Rule 86B stands as a critical "condition and restriction" on how businesses can utilize their Input Tax Credit (ITC). While ITC is designed to avoid the cas ........ View More

  • 05/08/2026
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  • Visitor's Count: 10

Understanding a Shipping Bill

Ashish

Every Element Explained Simply If you've ever tried to export goods from India, you've definitely run into the term “Shipping Bill.” It sounds like just another piece of paperwork, but it's actually ........ View More

  • 30/07/2026
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  • Visitor's Count: 22

ITC Reversal under Rule 42 & Rule 43 of the CGST Rules – A Practical Guide

Parth

Input Tax Credit (ITC) is one of the biggest advantages available under GST. However, ITC can be claimed only to the extent that goods or services are used for making taxable supplies. Where common in ........ View More

  • 24/07/2026
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  • Visitor's Count: 27

GSTR-6 and the Mandatory ISD Regime: A Quick Guide for Businesses

Alpa Khurana

Managing Input Tax Credit (ITC) across multiple state branches has always been a headache for finance teams. But following major GST updates that took effect on April 1, 2025, the rules of the game ha ........ View More

  • 14/07/2026
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  • Visitor's Count: 29

The Ultimate Beginner’s Guide to Shipment Bills: Everything You Need to Know

Ashish

Introduction: The Invisible Backbone of Global Trade Have you ever wondered how goods travel safely across the country or even the world? In today’s fast-paced digital age, we can order a pair of sh ........ View More

  • 06/07/2026
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  • Visitor's Count: 45

The ₹50,000 E-Way Bill Myth: Why “One Limit for All States” Is Wrong

Nikita Rajput

If you ask most business owners or even accountants what the e-way bill threshold is, you'll get the same instant answer: ₹50,000, everywhere, for everything. It's a clean, easy-to-remember number — ........ View More

  • 05/07/2026
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  • Visitor's Count: 47

Beyond the Balance Sheet: 5 Strategic Shifts Redefining Your 2026 GST Year-End

CA Mohit Makkar

1. The Year-End Collision Course For the modern financial controller, the arrival of year-end closing is no longer a localized exercise in "mere bookkeeping." In our current technology-driven GST ec ........ View More

  • 02/07/2026
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  • Visitor's Count: 49

GST ON EXPORTS & REFUNDS: A SIMPLE GUIDE

Ashish

1: INTRODUCTION AND WHY THIS MATTERS If you are an exporter, the Goods and Services Tax (GST) system has completely changed how tax flows through your business. The Good News: Exports are "zero-r ........ View More

  • 25/06/2026
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  • Visitor's Count: 59

 
     
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