GST is a single, unified tax in India on the supply of goods and services. It replaced multiple indirect taxes like VAT, service tax, and excise duty. GST is collected at every stage of the supply chain and is based on the principle of value addition. It is categorized into CGST, SGST, and IGST.
Looking for a reliable GST registration consultant? This complete guide explains GST registration eligibility, documents, process, timelines, fees, and common mistakes. Learn why professional guidance is crucial and how Indian Tax Planning (ITP) helps businesses get GST registration done right from day one.
GSTR-9 is the annual GST return that provides a consolidated summary of all GST transactions reported during a financial year. It is a critical compliance requirement for businesses under GST and plays a major role in reconciliation and audit readiness.
Exports under LUT (without payment of IGST) allow businesses to claim a refund of unutilized Input Tax Credit (ITC) on inputs and services used for zero-rated supplies. This ensures smooth cash flow and encourages export competitiveness under GST.
Input Tax Credit (ITC) is the backbone of India’s GST system, allowing businesses to offset tax paid on purchases against their output liability. However, with evolving rules—like mandatory ISD registration from FY 2025–26 and stricter documentation norms—managing ITC is more complex than ever. This blog offers a deep dive into ITC eligibility, blocked credits, apportionment, compliance with Rule 42/43.
The Invoice Management System (IMS) is a new functionality introduced on the GST portal to help taxpayers manage invoices and input tax credit (ITC) more efficiently. Launched on 14th October 2024, IMS allows recipients to accept, reject, or mark invoices as pending, directly impacting their GSTR-2B and ITC claims. This blog by Indian Tax Planning (ITP) explains how IMS works, its features, benefits, and step-by-step usage.
The GST Council revised GST registration threshold limits to ease compliance for MSMEs. This article explains the old and new limits for goods and services, state-wise applicability, and recent changes in the composition scheme. Updated with the latest CBIC notifications and applicability from FY 2019–20 onwards.
Everything you need to know about Form GSTR-1A, a new GST return for amending GSTR-1 after filing but before GSTR-3B. Updated with the July 2025 GSTN advisory and practical filing FAQs.
Discover the complete guide to Invoice Furnishing Facility (IFF) under the QRMP scheme in GST. Learn who can use it, how to file it, key due dates, and why it’s important for timely Input Tax Credit (ITC). Also, understand the latest GSTN update from July 2025, introducing hard locking in GSTR-3B and corrections through GSTR-1A.
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