Showing posts with label GST. Show all posts

25 February, 2026

🍽️ Big GST Relief for Small Restaurants! Composition Dealers Can Sell via Swiggy & Zomato

🍽️ Big GST Relief for Restaurants!

Composition Dealers Can Now Sell via Swiggy & Zomato

📢 Major GST Update – Effective from 1 Jan 2022

Good news for small restaurants registered under the GST Composition Scheme! You can now legally sell food through Swiggy, Zomato, and other delivery apps without losing your composition benefits.

✅ Key Benefits for Restaurants

🚀 Sell via Swiggy & Zomato without exiting Composition Scheme
💰 GST paid by E-Commerce Operator, not restaurant
❌ No TCS deduction
📉 Continue paying only 5% Composition Tax
📊 Lower compliance and accounting burden
📈 Grow your online revenue legally

⚖️ Legal Position Explained

As per Notification No. 17/2021 – GST:

📌 GST on Swiggy/Zomato orders is paid by Swiggy/Zomato
📌 Restaurants remain eligible under Composition Scheme
📌 No restriction under Section 10(2)(d)

📊 Practical Example

Type of Sale	GST Liability
Dine-in	Restaurant pays 5%
Swiggy / Zomato	Swiggy / Zomato pays GST

📞 Need GST Support for Your Restaurant?

We help restaurants with GST Registration, Composition Scheme, and Compliance

💬 Chat on WhatsApp

📍 Visit Our Office

24 February, 2026

🚨 GST Alert: 6 Major Rule Changes Effective 1 Jan 2026 | Immediate Action Required

🚨 GST Alert: 6 Major Rule Changes

Effective 1st January 2026 | Immediate Action Required

GST compliance has moved into a fully system-controlled regime. Starting January 2026, the portal will automatically block non-compliance. Every taxpayer must act now.

1. Bank Account Mandatory

GSTIN may become inoperative if bank details are not validated on the portal.

2. GSTR-3B Filing Blocked

Returns cannot be filed if ITC is unavailable in the ledger or RCM liability is unpaid.

3. Strict ITC Validation

Estimated ITC claims are no longer allowed. Only eligible ITC can be claimed.

4. Late Fee Mandatory

Return filing is blocked until late fees are paid, even for NIL returns.

5. 3-Year Time Limit

Old returns cannot be filed after 3 years. This results in a permanent loss of compliance opportunity.

6. Annual Eligibility Review

Composition scheme and GST applicability must be reviewed every single year.

⚠️ Business Risk

GSTIN blockage & ITC loss
Return filing restrictions
Tax demands and heavy penalties

✅ Recommended Immediate Action

Reconcile ITC monthly
File all pending returns urgently
Validate bank account on GST portal
Maintain strict compliance discipline

💼 Professional Support Available

Avoid penalties and business disruption. Ensure smooth GST compliance with expert guidance.

Connect via WhatsApp

Call/WhatsApp: +91 7760252581

GST on Influencers & Content Creators

GST for Social Media Influencers 2026

GST

📢 2026 Creator Tax Guide

CREATORS, GST IS HERE.

You grew the followers. You landed the brand deals. Now the taxman wants his cut. Here's everything you need to know about GST — no jargon, no confusion.

18%

GST Rate

₹20L

Registration Limit

On Foreign Sales

ITC

Credits Available

18%

Flat GST on ALL influencer services · No exceptions · SAC Code 998361

📋 Registration Rules

WHEN MUST
YOU REGISTER?

Once your total annual income from brand deals · YouTube · affiliates · courses · free products crosses the threshold — GST registration is mandatory.

₹20L

Per Year — Most States

Maharashtra, Delhi, Karnataka, Tamil Nadu, Gujarat and more.

₹10L

Per Year — Special States

Uttarakhand, Himachal Pradesh, Manipur, Nagaland, Tripura & others.

⚠️

Include EVERYTHING in your turnover: Brand deals + YouTube AdSense + Affiliate commissions + Course sales + Free products at market value. Even that gifted phone counts.

💰 Income Breakdown

GST ON YOUR
INCOME STREAMS

🤝

Brand Promotions

Paid to promote a brand on Instagram 📸, YouTube ▶️, or TikTok 🎵? Collect 18% GST on top of your fee and deposit it with the government.

Service Fee ₹1,00,000

GST @18% ₹18,000

Invoice Total ₹1,18,000 ✅

📦

Barter / Free Products

Received a ₹50,000 phone instead of cash? GST still applies on market value. No cash ≠ no tax. This catches most creators completely off-guard.

Product Value ₹50,000

GST @18% ₹9,000

GST Payable ₹9,000 💸

🔗

Affiliate + Foreign Income

Affiliate commissions are taxable at 18%. But courses or deals with foreign clients = 0% GST (Export of Service). File a LUT first.

Affiliate (India) ₹2,00,000

GST @18% ₹36,000

Foreign Sales 🌟 Zero Rated

📱 Real Creator Scenario

YOUR TAX
REALITY CHECK

A typical mid-size Indian creator — annual income:

📸 Brand Deals (Instagram + YouTube)₹12,00,000

🔗 Affiliate Commissions₹5,00,000

▶️ YouTube AdSense₹6,00,000

Total Turnover₹23,00,000

🚨 GST Registration MANDATORY — Crosses ₹20L threshold

GST @18% on applicable income. Monthly returns mandatory. Late filing = penalties + interest.

🔥 Myth Busting

STOP BELIEVING
THESE MYTHS

❌ Myth

"My brand is a foreign company, so GST doesn't apply."

→

✅ Reality

If the service is consumed in India, GST applies regardless of where the client is based.

❌ Myth

"I was paid in products, not cash — no GST needed."

→

✅ Reality

Barter is fully taxable at market value. Cash is irrelevant to your GST obligation.

✅ Action Plan

YOUR GST
CHECKLIST

01

Register on the GST PortalApply at gstin.gov.in once turnover is near ₹20L. Get your GSTIN number.
02

Issue GST Invoices for Every DealEvery brand deal, affiliate payout, or course sale needs a GST invoice with SAC code 998361.
03

File GSTR-1 & GSTR-3B + Pay MonthlyReport outward supplies and pay net GST by the 20th of each month.
04

Claim ITC on Your Creator GearCamera 📷 · Laptop 💻 · Software 🎬 · Internet 🌐 · Studio Rent 🏠 — all eligible for credit.
05

File LUT for Foreign IncomeBefore taking money from foreign brands or students, file a Letter of Undertaking for zero-rated status.

CA Ramakrishna Sanjay +91 7760252581

20 February, 2026

📊 Important GST Limits Every Business Must Know (2026 Update)

Understanding GST thresholds is critical to ensure compliance, avoid penalties, and optimise tax planning. Here is a quick summary:

✅ GST Registration Limits

• Goods Suppliers – ₹40 Lakhs
• Service Providers – ₹20 Lakhs
• Special Category States – ₹10 / ₹20 Lakhs

✅ Composition Scheme Eligibility

• Traders / Manufacturers – Up to ₹1.5 Crore
• Service Providers (Sec 10(2A)) – Up to ₹50 Lakhs
• Restaurants (Non-alcoholic) – Up to ₹1.5 Crore

👉 Benefit: Lower tax rate and simplified compliance

✅ GST Return Compliance

• QRMP Scheme – Up to ₹5 Crore
• GSTR-9 Mandatory – Above ₹2 Crore
• GSTR-9C Mandatory – Above ₹5 Crore

✅ E-Invoicing Applicability

• Mandatory if Turnover exceeds ₹5 Crore

✅ E-Way Bill Requirement

• Mandatory if consignment value exceeds ₹50,000

⚠️ Penalties for Non-Compliance

• Late fee – Up to ₹200 per day
• General penalty – Up to ₹50,000

🎯 Why this matters?

✔ Avoid heavy penalties
✔ Plan turnover efficiently
✔ Select the right GST scheme
✔ Ensure smooth business operations

📞 Need help with GST registration, returns, or compliance?
Contact us today for expert support.

📍 https://share.google/aOzL0ZYXlgKBzSjib
📞 +91 77602 52581

19 February, 2026

📌 What is E-Invoicing?

🧾 E-Invoicing under GST – Applicability & Key Insights

E-Invoicing is a system where GST invoices are electronically authenticated by the Government’s Invoice Registration Portal (IRP).

Once uploaded, the IRP generates:

✅ Invoice Reference Number (IRN)
✅ QR Code
✅ Auto-reporting to GST portal & E-Way Bill system

This ensures real-time reporting and transparency in GST compliance.

👥 Who is Required to Comply?

E-Invoicing is applicable based on aggregate turnover in any financial year since FY 2017-18:

Turnover	Applicability

Above ₹5 Cr	✅ Currently Applicable

📢 Therefore, businesses with turnover exceeding ₹5 Crore must issue E-Invoices for B2B transactions.

📄 Transactions Covered

✔ B2B Invoices
✔ Export Invoices
✔ Credit Notes & Debit Notes

❌ Not applicable for:

B2C invoices
Composition dealers
SEZ units (as notified exemption in specific cases)

⚠️ Important Compliance Risk

An invoice issued without IRN (when applicable):

🚫 Considered INVALID under GST
🚫 ITC may be denied to recipient
🚫 Penalty exposure and compliance risk

🎯 Business Impact

✔ Improves GST compliance
✔ Reduces reconciliation issues
✔ Faster ITC availability
✔ Enhances credibility and transparency

🤝 Professional Support

Need assistance in implementing E-Invoicing seamlessly?

📍 https://share.google/aOzL0ZYXlgKBzSjib
📞 +91 77602 52581

📄 GST Invoice Rules Every Business Must Follow – Avoid Costly Mistakes

A GST Invoice is more than a bill. It is the foundation for Input Tax Credit (ITC), GST compliance, and audit safety. Incorrect invoices can lead to ITC denial, penalties, and notices.

Here is a simple checklist every business owner should know:

✅ Mandatory Details in GST Invoice

Every GST Invoice must contain:

• Supplier Name, Address & GSTIN
• Unique Invoice Number (Max 16 characters)
• Invoice Date
• Customer GSTIN (if registered)
• HSN / SAC Code
• Description and Value of Goods / Services
• GST Rate and Tax Amount
• Place of Supply (Required for Inter-State sales)
• Reverse Charge applicability (if any)
• Signature or Digital Signature

📦 Different GST Documents for Different Situations

• Tax Invoice → For taxable sales
• Bill of Supply → For exempt or composition dealers
• Receipt Voucher → For advance received
• Credit Note / Debit Note → For price revisions or returns
• Payment Voucher → For reverse charge cases

⚠️ Why Proper GST Invoice is Critical

✔ Customer can claim ITC smoothly
✔ Avoid GST penalties and notices
✔ Improves GST compliance rating
✔ Ensures smooth GST return filing
✔ Protects business during GST audit

💡 Professional Tip

Using a proper GST-compliant invoice format protects your business and improves credibility with customers.

If your current invoice format is outdated, it is time to review and upgrade.

📞 For GST compliance support and professional guidance
Contact: +91 77602 52581

https://share.google/1xRDRbF5kKVLxAF7f

#GST #GSTInvoice #BusinessCompliance #GSTIndia #InputTaxCredit #CharteredAccountant #TaxCompliance

GST EXEMPT SERVICES IN INDIA – WHAT EVERY TAXPAYER SHOULD KNOW

GST is not applicable on several essential services to keep them affordable for the public. Understanding these exemptions helps businesses ensure proper compliance and avoid unnecessary tax costs.

Key GST Exempt Services:

🏠 Residential Rent
Renting a residential property for living purposes is fully exempt from GST. (Commercial rent is taxable)

🏥 Healthcare Services
Hospital treatment, doctor consultation, and ambulance services are GST-free.

🎓 Education Services
School education up to higher secondary level, including admission and exam services, is exempt.

🌾 Agricultural Services
Farm labour, cultivation, warehousing, and storage of agricultural produce are exempt.

🏦 Financial Services
Interest on loans and deposits is exempt. However, processing fees are taxable.

🚌 Public Transport
Travel by metro, non-AC bus, auto-rickshaw, and non-AC train is GST exempt.

🏛 Government Services
Passport, driving licence, and birth certificate services are GST-free.

Important Note for Businesses:
If you provide exempt services, GST is not charged—but Input Tax Credit (ITC) cannot be claimed.

Need clarity on GST applicability for your business?
Professional guidance can help optimise tax compliance and avoid errors.

📞 Contact: +91 77602 52581
📍 Location: https://share.google/aOzL0ZYXlgKBzSjib

14 February, 2026

GST CLARIFICATION ON MILK & SCHOOL PRODUCTS

Finance Minister Nirmala Sitharaman has clarified key GST concerns raised in the Lok Sabha regarding taxation on essential dairy and school items.

🥛 No GST on Milk

✔ Fresh milk remains fully exempt from GST.
✔ No change in tax treatment on basic milk consumption.

🎓 No GST on Education

✔ Core education services are GST exempt.
✔ School education remains outside the GST net.

✏ GST on School Materials – Clarification

Some processed or packaged school-related products may attract GST depending on classification. However:
✔ Essential educational services – Exempt
✔ Basic necessities – Mostly Nil or low rate
✔ Certain dairy items have seen rate rationalisation/reduction in past GST Council decisions

📌 Key Takeaway

There is no GST on milk and education services. Public concerns largely arise due to classification differences between raw and packaged/processed goods.

If you need clarity on GST classification, rate applicability, or compliance impact on your business, feel free to connect.

#GSTUpdate #FinanceMinister #GSTIndia #TaxClarity #BusinessCompliance

08 February, 2026

LUT Filing - Exporters take a note

🚨 GST Update — LUT Filing for FY 2026-27 (Exporters Take Note)

Exporters supplying goods/services or SEZ supplies without paying must renew their Letter of Undertaking (LUT) — every year. 📅 Key timeline — FY 2026-27 👉 Target filing date: on or before 31 March 2026 👉 LUT must be active before any export/SEZ supply is made Although the portal may open filing earlier, the operational requirement is clear — exports without a valid LUT can trigger tax payment obligations. 🔁 Annual validity rule • LUT is valid only for one financial year (1 April – 31 March) • Fresh LUT required every year to continue ⚠ Compliance impact if missed • IGST must be paid on exports • Refund claim required later • Temporary If LUT is filed after the year begins, validity generally applies from the filing date, not retrospectively. ✅ Best practice: File LUT early to ensure uninterrupted export billing and protect cash flow.

13 March, 2023

Weekly Tax Gyan(W-07)

Form 26AS and IAS Update

Form 26AS will only display TDS/TCS data starting with Assessment Year 2023–24, according to an update from the Income Tax Department and an annual information release. Other information such as advance tax, self-assessment tax, rebate, and so forth, would be accessible only in the AIS.

FAQs on PAN-Adhaar Link

The Income Tax Department has issued FAQs on the PAN-Aadhaar Link. The FAQs are provided in the link mentioned below.

https://www.incometax.gov.in/iec/foportal/help/e-filing-link-aadhaar-faq

Income Tax exemption to IBBI u/s 10(46)

CBDT notifies Exemption to Insolvency and Bankruptcy Board of India with respect to certain specified incomes. The exemption is provided u/s 10(46) with respect to specified incomes listed below.

(a) Grants-in-aid received from Central Government;

(b) Fees received under the Insolvency and Bankruptcy Code, 2016 (31 of 2016);

(d) Interest income accrued on (a), (b) and (c) above.

19 February, 2023

Highlights of the 49th GST Council Meeting

On February 18, 2023, the 49th GST Council meeting was held in New Delhi.

This is the first GST Council Meeting soon after the Budget 2023.

Highlights of 49^th GST Council Meeting.

1) GST on Liquid Jaggary reduced

The GST rate on liquid jaggery has been reduced from 18% to 0%. The GST rate on labelled/packaged liquid Jaggary has been reduced to 5%.

2) GST on pencil sharpeners reduced

The tax on pencil sharpeners has been reduced from 18% to 12%.

3) RCM to be levied on services provided by courts and tribunals

The taxable services provided by the courts and tribunals will be subject to GST on RCM basis.

4) Exemption to educational institutions in respect of entrance exams

Exemption is granted to educational institutions and Central and State educational boards for conducting entrance exams to any authority, board, or body established by the CG or SG for conducting entrance exams for admission to educational institutions

5) Late fees for delayed filing of annual returns rationalized

Late fees has been reduced to Rs. 25/50 per day depending upon the turnover. Currently, the late filing fee is Rs. 200 per day irrespective of turnover.

6) IGST on a device attached to a container

If a device such as a tag-tracking device or data logger is already attached to a container, no separate IGST shall be levied on such affixed device, and the containers shall be eligible for the 'nil' IGST treatment.

7) Time limit for filing an application for revocation or cancellation of registration

The time limit for filing an application for revocation or cancellation of registration is extended from 30 to 90 days.

8) Late fees waiver in respect of pending GSTR4, GSTR9 and GSTR10.

The Council recommended amnesty schemes in respect of pending returns in FORM GSTR-4, FORM GSTR-9, and FORM GSTR-10 by way of conditional waiver/reduction of late fee to provide relief to a large number of taxpayers.

04 August, 2022

A quick referencer to E-invoice applicability under GST

Central Board of Indirect Taxes and Customs (CBIC) has further reduced the threshold limit for generation of E-invoices vide Notification no. 17/2022-Central tax dated 1st August, 2022.

The table below summarises the various notifications issued by the department about the turnover limit for E-invoice applicability.

Sl.No.	Notification No.	Applicable Date	Aggregate turnover exceeding
1	61/2020 – Central Tax and 70/2020 – Central Tax	1-10-2020	500 Crores
2	88/2020 – Central Tax	01-01-2021	100 Crores
3	5/2021 – Central Tax	01-04-2021	50 Crores
4	1/2022 – Central Tax	01-04-2022	20 Crores
5	17/2022 – Central Tax	01-10-2022	10 Crores

Ø Aggregate turnover has to be calculated for each of the financial years starting from FY 2017-18.

Ø PAN-based aggregate turnover shall be considered for computing aggregate turnover.

Ø ‘Aggregate turnover’ means the aggregate value of

a) all taxable supplies

b) non-taxable supplies

c) exempt supplies,

d) exports of goods or services or both

e) Inter-State supplies of persons having the same Permanent Account Number.

✍

CA Ramakrishna Sanjay