GST collections have emerged as a powerful real-time economic indicator, with FY 2024-25 touching a record Rs 22.08 lakh crore and April 2025 hitting an all-time high of Rs 2.37 lakh crore
Avoid costly GST verification mistakes that lead to notices, ITC blockage, and compliance hassles. This guide explains common errors like outdated registration details, ignored portal status, PAN mismatches and activity/address discrepancies and helps businesses conduct accurate, reliable GST online verification for smooth, compliant operations.
Understand how the inverted duty structure (IDS) under GST leads to accumulated ITC, refund delays, and working capital blockages for businesses. Learn the refund mechanism under Rule 89(5), required documents for RFD-01, recent policy reforms, and key situations where IDS refunds are restricted or denied.
GST litigation in India continues to rise due to disputes over ITC denial, misclassification, return mismatches, tax demands, refunds, e-way bill lapses, and procedural lapses by authorities. With aggressive enforcement, inconsistent state interpretations, tribunal delays, and evolving compliance issues, taxpayers increasingly seek relief through High Courts and the Supreme Court.
Discover how a simple shift in dates can change GST rates, ITC eligibility and tax liability in continuous supply contracts.
Finance Minister tabled two new bills and proposes new excise levies on cigarettes, pan masala and gutkha, keeping tobacco taxes high.
Explore how a Rs 570 concert ticket lost GST exemption, why joint invoicing is invalid under GST law and how Section 15 fixes the true transaction value.
Know income tax rules for senior citizens AY 2026-27 with slabs, exemptions, special rates for gains or lottery.
UPI-GST mismatch notices are rising as tax officers compare digital payment data with GST returns. Learn why UPI settlements cannot be treated as turnover, the legal flaws in such notices, and how businesses can prepare reconciliations and defend themselves effectively.
Explore whether one GST registration can pass Compensation Cess ITC to another, the impact of 22.09.2025, and the risks of artificial or fake invoices.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English