Quick Answer: What is GSTR-2B? GSTR-2B is a static, monthly auto-generated statement on the GST portal that determines a business’s eligible Input Tax Credit (ITC). Generated on the 14th of every month, it pulls data directly from your suppliers’ GSTR-1 filings. In 2026, GSTR-2B is the absolute source of truth for ITC claims; claiming credit…
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Quick Answer: If a client is not paying in India, do not immediately send a legal notice. Instead, follow these steps: 1. Stop all further work immediately. 2. Send documented follow-ups via email and WhatsApp. 3. Use the GST portal (“Communication Between Tax Payers”) to officially log the non-payment. 4. Email your MSME certificate, citing…
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Quick Answer: The primary difference between GSTR-1 and GSTR-3B is their purpose and sequence. GSTR-1 is a detailed, invoice-level report of your sales (outward supplies) that must be filed first so your buyers can claim Input Tax Credit. GSTR-3B is a consolidated summary return filed afterward, used to declare your final tax liability, claim your…
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It’s March 18. You’re staring at your profit and loss statement, and the number at the bottom is higher than you expected. Good problem to have—except now you owe more tax than you budgeted for, and the financial year closes in less than two weeks. I’ve seen this play out hundreds of times. A small…
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Last month, I spent an entire afternoon untangling a client’s TDS compliance mess — misclassified cash withdrawals, an expired lower deduction certificate, and zero documentation trail. The kicker? Every single issue traced back to rule changes the client simply hadn’t tracked. That experience is exactly why I’m writing this. Starting 1 April 2026, India’s income…
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Last quarter, a retail client walked into my office with a stack of GST notices — three demand letters, two ITC disallowances, and a registration suspension warning. His business was doing well. Sales were growing. But his GST compliance was a mess, and it had been silently compounding for months. He’s not alone. Most small…
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