Tag: GST

A business generates an e-invoice, the IRN is created, and the invoice is sent to the customer. A few minutes later, the accounts team spots the problem: the GSTIN is wrong, the taxable value is incorrect, or the tax amount does not match. Now the question is not just what went wrong, but how to… Continue reading Cancel, Amend or Issue a Credit Note? How to Correct an E-Invoice in India
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The 57th GST Council Meeting update, announced on 8 October 2026, introduces major recommendations to simplify GST compliance for Indian businesses. Chaired by Union Finance Minister Nirmala Sitharaman, the meeting focused on faster refunds, reduced penalties, wider Input Tax Credit (ITC) eligibility and simpler GST procedures. Unlike the previous meeting, no broad GST rate changes… Continue reading 57th GST Council Meeting Highlights: Key Updates for Indian Businesses
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Imagine it is the end of the month and your sales register has crossed 2,000 invoices. Most entries look fine, but a few GSTINs need checking, some credit notes were added late and a handful of invoices may have the wrong place of supply. At this stage, understanding how to file GSTR-1 is not really… Continue reading How to File GSTR-1 When You Have Hundreds or Thousands of Sales Invoices
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If you run a small or growing business in India and file GST every month or quarter, this guide is for you. It’s also for the accountant or CA who does the filing for you. Most filing trouble doesn’t happen on the GST portal. It happens before it. Your accountant fixes Excel sheets, looks for… Continue reading How to Choose GST Return Filing Software: 6 Things to Check Before You Buy
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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 time, especially when most records already match and require no action. Exception based reconciliation solves this problem. It automatically matches common records and separates invoices… Continue reading How to Reconcile GSTR-2B With Purchase Books in Munim GST
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India’s witnesses ₹1.86 lakh crore GST collection in the month of August, depicting an annual rise of 6.5%. The GST collection highlights a consistent revenue inflow, but also signals a moderate growth due to global economic uncertainties and minimized domestic demand. Let’s see the highlights, trends, state-wise analysis, and refunds. GST Collection For August 2025:… Continue reading India’s GST Collection for August Soars to ₹1.86 Lakh Crore



