Mantra & Co. - Advocate & Tax Consultant
Input Tax Credit (ITC) is an important part of GST compliance for many businesses. When eligible ITC is available, it can reduce the amount of output tax that needs to be paid through the electronic cash ledger. But what happens…
Introduction GST Rule 14A, introduced with effect from 1 November 2025, provides a simplified registration mechanism for eligible taxpayers opting for fast-track GST registration subject to specified conditions. While the scheme enables quicker registration, taxpayers must comply with output tax…
The Union Budget 2026 introduces a series of targeted amendments under the Goods and Services Tax (GST) framework through the Finance Bill, 2026. While no major changes have been made to GST rates, the budget focuses on strengthening valuation rules,…
January 2026 GST compliance updates explained. Know key changes, return blocking risks, late fees, and practical steps to avoid GST penalties. From January 2026, GST compliance has become more system-driven due to increased portal automation. Businesses are facing return blocking,…
Recently, several GST registered taxpayers opting for Rule 14A Optional Categoryhave started facing serious issues on the GST portal. When the monthly B2B tax Liability exceeds ₹2.5 lakh, the portal restricts generation of GSTR-1 summary, making return filing practically impossible.…
Introduction The Goods and Services Tax (GST) framework continues to evolve as it is about to complete its eighth year of implementation ever since its rollout on 01st July 2017. This set of amendments, though it would have been implemented…