Goods and Service Tax

Reading Time: 8 minutesWhat is GST on Foreign Consultancy Services?GST on Foreign Consultancy Services is payable under Reverse Charge Mechanism (RCM) when an Indian business receives consultancy services from a foreign consultant. Who pays GST on Foreign Consultancy Services?The recipient in India pays GST on Foreign Consultancy Services under RCM and can claim ITC subject to eligibility. GST
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Reading Time: 2 minutesGST Rates on Furniture under HSN Chapter 94 cover seats, wooden furniture, office furniture, mattresses, lamps, lighting fittings, and prefabricated buildings. This article provides updated HSN codes with applicable GST rates and classification details. Chapter 94 under GST covers furniture, seats, bedding articles, lamps, lighting fittings, and prefabricated buildings. Below is the detailed list of
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Reading Time: 4 minutesBill To Ship To Under GST: Meaning, Section 10(1)(b), Examples & Case Laws (2026 Guide) The concept of �Bill To � Ship To� under GST is one of the most important yet commonly misunderstood provisions in Indian taxation. It applies in situations where goods are invoiced to one party but physically delivered to another. This
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Reading Time: 3 minutesGST invoice mandatory fields are defined under Rule 46 of the CGST Rules, 2017. Every registered taxpayer must issue a valid GST invoice containing prescribed details to ensure Input Tax Credit (ITC) eligibility and avoid penalties. Looking for GST invoice mandatory fields? This complete 2026 guide explains Rule 46, invoice format, penalties, and ITC rules
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Reading Time: 5 minutesNew vs old tax regime 2026 comparison helps taxpayers choose the best option based on deductions, exemptions and tax slabs., The question every salaried taxpayer must answer at the start of each financial year � �new regime or old regime?� � has become more nuanced with Budget 2026. The new regime is now the default,
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Reading Time: 10 minutes📜 Income Tax Rules, 2026 � Officially Notified G.S.R. 198(E) | Ministry of Finance, CBDT | Notified: 20 March 2026 | Effective: 1 April 2026 The Central Board of Direct Taxes (CBDT) has officially notified the Income Tax Rules, 2026 vide G.S.R. 198(E) on 20 March 2026. These rules come into force on 1 April
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Reading Time: 3 minutes🚨 GST Notice under Section 73 � Reply Format, Time Limit & PDF Download (2026 Guide) ⚠️ GST Notice under Section 73 Received? Don�t Panic! If you�ve received a GST notice under Section 73, it usually means: 👉 Tax department believes: Tax not paid / short paid Wrong ITC claimed Incorrect return filing But the
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Reading Time: 8 minutesTDS Section Mapping: Income Tax Act 1961 vs 2025,The Income Tax Act, 2025 has restructured TDS and TCS provisions under entirely new section numbers. While no changes in rates or thresholds have been made, every section � from salary TDS to VDA payments � now has a new identity. This post is your complete, ready-reference
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Reading Time: 4 minutesGSTN Advisory: Confirmation of “Tax Liability Breakup, As Applicable” in GSTR-3B (New Filing Step Explained) Published: 16 March 2026 Category: GST Updates | GSTR-3B | Compliance The Tax Liability Breakup GSTR-3B feature has recently been updated by GSTN., The GSTN advisory on Tax Liability Breakup GSTR-3B requires taxpayers to confirm the liability details before filing
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Reading Time: 5 minutesRule 37A GST, Input Tax Credit (ITC) is one of the most powerful features of the GST system in India. It allows businesses to claim credit for GST paid on purchases and reduce their final tax liability. However, ITC is allowed only when certain conditions are fulfilled. One important compliance rule that many taxpayers and
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