"A qualified Chartered Accountant, Cost Management Accountant and Company Secretary with 4+ years of experience post qualification in the field of Indirect Taxation (GST, SEZ, STPI). With a mindset geared towards entrepreneurship, passionate about understanding and actively participating in the entrepreneurial journey. Combining professional qualifications with a keen interest in business development, seeks to contribute valuable insights and support to fellow entrepreneurs."
This article explains the composition levy scheme under Section 10 of the CGST Act, including eligibility, tax rates, compliance obligations, and restrictions. It highlights why businesses must carefully evaluate ITC loss, RCM costs, and customer profile before choosing the scheme.
The scheme allows companies to file pending annual returns with just 10% additional fees. It offers a cost-effective opportunity to regularise compliance and avoid penalties.
The MCA has launched a time-bound compliance amnesty allowing companies to pay only 10% of additional filing fees. The key takeaway is that defaulting companies can regularise records and reduce litigation exposure before stricter enforcement resumes.
GST Portal enables Rule 14A withdrawal option after GSTR-1 blocking under 3-day registration rule. Taxpayers can now initiate corrective action online.
When a scheduled video hearing under faceless assessment is not attended by the officer, the opportunity becomes illusory. The key takeaway: document the failure immediately to protect natural justice rights.
The issue was fragmented visibility of GST notices across multiple tabs. The key takeaway is that all notices and orders are now available in one consolidated location, reducing oversight risks.
The U.S. has reduced tariffs on Indian exports to 18%, improving competitiveness, but only this notified change—not broader trade promises—has legal certainty.
BE filing will be unavailable on 1 February 2026 due to budget-related system updates. The key takeaway is to treat 10:45 AM as the cut-off and plan filings early.
eBRC Generation on DGFT Portal – Detailed Process, Advisory References, Service Exports Clarification & Professional Guide Regulatory Background and Advisory Framework The Electronic Bank Realisation Certificate (eBRC) is a key compliance document evidencing foreign exchange realisation against exports. It is relied upon for: Benefits under the Foreign Trade Policy (FTP) GST refunds (IGST refunds, LUT […]
GST law bars returns after three years, but an approval-based unbarring facility offers limited relief. Filing is possible only with officer approval and strict timelines.
