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Tag: GST Compliance

New GST HSN Summary Reporting Rules (2025): B2B & B2C Split in GSTR-1 Explained

GST HSN Summary Reporting Changes I. Overview of the New HSN Reporting Mandate The Goods and Services Tax Network (GSTN) is implementing Phase III of enhanced...

LUT vs IGST Payment: Best GST Export Option Explained for Indian Exporters

Exporters from India often face a strategic choice under the Goods and Services Tax (GST) regime – whether to export goods or services without...

HSN Code Requirement on Tax Invoice under GST

Updated as per CGST Notification No. 12/2017 dated 28.06.2017 and Notification No. 78/2020 – CT dated 15.10.2020 When it comes to GST compliance, one of...

Inadvertently Rejected Records in IMS: How to Handle ITC and Tax Liability Adjustments

How to Handle Inadvertently Rejected Records on the Invoice Matching System (IMS) Published on: June 19, 2025 Introduction Taxpayers often face issues with Input Tax Credit (ITC)...

GSTR-1 Table-wise Summary & Explanation: Complete Guide for Taxpayers & Professionals

Table No.DescriptionDetails / Purpose4A, 4B, 6B, 6CB2B, SEZ, Deemed ExportsOutward supplies to registered persons, including: • B2B invoices (normal supplies) • Supplies to SEZ...