GST & Indirect Tax

GST and Indirect Tax Hub

Registration, rates, input tax credit reconciliation, refunds and sector-specific GST treatment — from real estate and works contracts to SaaS, cloud kitchens and e-commerce. Each guide cites the applicable rate, notification or rule, with a last-reviewed date.

GST Registration

Rates, Real Estate & Works Contracts

GST for Specific Business Models

Input Tax Credit & Refunds

Reverse Charge & Sector-Specific GST

🧾 Income Tax Calculator ⚖️ Compare Investments

Finin2min does not yet have a dedicated GST liability calculator — use the rate guide above to look up the applicable slab, and the calculators above for related income-tax decisions.

Practical Checklist: Before You Register or File

  • Confirm whether you cross the ₹20 lakh (services) or ₹40 lakh (goods) registration threshold, or fall under mandatory registration regardless of turnover (e.g. interstate supply)
  • Gather Principal Place of Business proof — rent agreement/NOC, utility bill, or virtual office lease
  • Reconcile every month's ITC claim against GSTR-2B before filing GSTR-3B
  • Check reverse charge applicability separately — RCM liability is yours, not the supplier's
  • For exporters: confirm LUT is filed before invoicing to export without IGST payment
  • For property/real estate transactions: confirm whether the supply is under-construction (taxable) or completed (generally exempt)
  • File GSTR-1 and GSTR-3B on time — late filing attracts interest and late fees even at nil liability

Frequently Asked Questions

Do I need to register for GST if my turnover is below the threshold?
Generally no, if you're below ₹20 lakh for services or ₹40 lakh for goods (state-dependent) and don't fall under a mandatory-registration category. However, certain categories — including interstate supply of taxable goods, e-commerce sellers, and those required to pay tax under reverse charge — must register regardless of turnover. Voluntary registration is also allowed below the threshold if you want to claim input tax credit.
What is reverse charge mechanism (RCM)?
Under RCM, the recipient of goods or services — not the supplier — is liable to pay GST directly to the government, for specified categories of supply (e.g. certain services from unregistered suppliers, or goods/services notified under RCM). The recipient can typically claim input tax credit on the RCM tax paid, subject to the usual ITC conditions.
Why was my ITC claim reversed or denied?
The most common reason is a mismatch between your claimed ITC and what your supplier has actually reported in their GSTR-1/GSTR-2B. If a supplier fails to file or pay, the corresponding ITC may not reflect in your GSTR-2B, and the department can deny or reverse the credit even if you paid the supplier in full. Reconciling ITC against GSTR-2B before every filing is the main safeguard.

Regulatory Updates

Oct 2024TDS on scrap sales under GST was extended — manufacturing units selling scrap must account for this in addition to standard GST rates.
Sept 2025Solar project supplies: the 70:30 goods-vs-works-contract split now applies a 5% goods rate, changing the effective tax cost of solar EPC contracts.

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