Expert Blogs
10+ practical guides on income tax, GST, audit, corporate law & CA careers
GST Refunds: Types, Documentation & Process
TL;DR for CAs - Common refunds: exports, inverted duty, excess balance. - Documentation and RFD forms must match books. - Deficiency memos delay cash flow—respond fast. What it…
GSTR-9 Annual Return: Working Paper Approach
TL;DR for CAs - GSTR-9 consolidates the year's outward and inward supplies. - Reconcile with books, 3B, and 1 before filing. - Late fees and disclosure accuracy matter more than…
GST RCM: Common Scenarios in CA Practice
TL;DR for CAs - RCM shifts tax payment to the recipient for notified supplies. - GTA, advocate services, and import of services are frequent triggers. - ITC may be available if…
E-Way Bill Compliance Checklist for Moving Goods
TL;DR for CAs - E-way bill required for consignments above notified value. - Validity depends on distance and vehicle updates. - Mismatches with invoice invite detention risk.…
GST Registration Thresholds & Compulsory Cases
TL;DR for CAs - Thresholds differ for goods and services and for special category states. - Compulsory registration applies for interstate supplies, e-commerce, etc. - Voluntary…
Place of Supply for Services: Decision Tree for CAs
TL;DR for CAs - Wrong POS causes CGST/SGST vs IGST errors. - Default rules differ for B2B and B2C services. - Special rules apply for immovable property, events, and…
GST Composition Scheme: Eligibility & Filing Guide
TL;DR for CAs - Composition offers lower compliance for small taxpayers. - Turnover limits and supply restrictions apply. - Cannot collect tax or make inter-state outward…
ITC Reversal Rules Every GST Practice Must Know
TL;DR for CAs - Rules 42/43 govern proportionate reversal for exempt supplies. - Rule 37 addresses non-payment to suppliers. - Blocked credits under Section 17(5) are often…
GSTR-3B vs GSTR-1 Reconciliation: A Monthly Playbook
TL;DR for CAs - Liability in 3B must match outward supplies in GSTR-1. - Track amendments, credit notes, and table-wise differences. - Fix mismatches before they trigger…
GST E-Invoicing: Thresholds & Compliance Guide
TL;DR for CAs - E-invoicing is mandatory above the notified aggregate turnover threshold. - B2B and certain other supplies require IRN generation. - Non-compliance can invalidate…