Before filing GSTR-3B, your purchase register may show ITC that does not appear in GSTR-2B. The difference could be due to an unreported invoice, incorrect invoice details, a tax amount...
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Every month, the accounts team has two sets of records to compare: purchase invoices recorded in the books and supplier reported data available in GSTR-2B. Checking every invoice manually takes...
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India’s gross GST collection reached ₹1,99,853 crore in August 2026, up 14.8% from the revised August 2025 figure of ₹1,74,116 crore. It was the highest collection recorded for the month...
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The actual hotel room rate per day will determine the GST to be paid. Accommodation valued up to ₹7500 per day is subject to 5% GST without ITC. If the...
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In India, the GST on car purchasing ranges from 5% to 40% depending on the vehicle’s fuel type, engine capacity and length. From 22 September 2025, small petrol, CNG, and...
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A GST registration is required for a sole proprietorship if the turnover exceeds the specified limit or falls under compulsory registration norms. The proprietor needs to apply using his/her PAN...
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