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Finance Insights — Page 29 of 67

Articles 1121–1160 of 2673, covering GST · Export Invoicing, GST · E-Invoicing, GST · Notices, GST · E-Way Bill and more.

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GST & Indirect Tax
E-Invoice for Export Invoices: Fields and Mistakes

Export invoices require more discipline than ordinary B2B invoices because GST law, LUT/zero-rated supply treatment, e-invoice schema and foreign customer data…

GST & Indirect Tax
E-Invoicing Threshold Changes: Finance Team Checklist

E-invoicing is not a billing-software feature; it is a statutory invoice-control process. Once your business crosses the notified turnover threshold, finance…

GST & Indirect Tax
E-Way Bill Detention Notice: Documents to Keep Ready

When goods are detained in transit, the first 24 hours are usually spent searching for documents that should have been in the dispatch file. This guide lists…

GST & Indirect Tax
E-Way Bill for High-Value Intra-State Movement

High-value intra-state movement is a common source of disputes because teams assume e-way bill is only an inter-State control. Rule 138 and state-specific…

GST & Indirect Tax
E-Way Bill for Job Work Movements

Job work movements often fail because teams treat them like normal sales dispatches. GST law may require movement on delivery challan, correct e-way bill…

GST & Indirect Tax
GST on Corporate Guarantees Between Related Parties

Corporate guarantees are now a boardroom GST issue. A parent company guaranteeing a subsidiary loan may create a taxable service and a valuation question even…

GST & Indirect Tax
GST on Director Sitting Fees and RCM

Director payments are easy to misclassify. Sitting fees and payments for director services can fall under reverse charge when covered by Notification 13/2017…

GST & Indirect Tax
GST on Import of Services Under RCM

Foreign vendor invoices for SaaS, consulting, cloud hosting, design, legal or professional services often sit in accounts payable without GST review. If they…

GST & Indirect Tax
GST on Legal Services and Advocate Payments

Legal invoices often arrive without GST charged, but that does not mean GST is irrelevant. Legal services by advocates/firms to business entities are a classic…

GST & Indirect Tax
GST on Discounts, Schemes and Credit Notes: Examples, Documents and Common Mistakes

Discounts are commercially simple but tax-sensitive. GST treatment depends on timing, whether the discount was agreed upfront, whether it links to specific…

GST & Indirect Tax
GST on Employee Recoveries and Notice Pay: Return, ITC and Notice Checklist

Employee recoveries are a common source of GST disputes because payroll, HR and finance often use different labels. The control question is whether the…

GST & Indirect Tax
GST on Free Samples and Promotional Goods: Return, ITC and Notice Checklist

Free samples and promotional goods are attractive for growth teams but risky for GST. The biggest issue is not only output tax; Section 17(5)(h) specifically…

GST & Indirect Tax
GST on Real Estate Maintenance Charges: Return, ITC and Notice Checklist

Housing society maintenance looks simple until the ₹7,500 per month per member exemption, aggregate turnover threshold and ITC questions collide. RWAs and…

GST & Indirect Tax
GST on Reimbursements and Pure Agent Transactions: What Finance Teams Should Check in 2026

Calling a line item “reimbursement” does not automatically keep it outside GST value. The pure-agent exclusion is narrow and evidence-heavy. If the Rule 33…

GST & Indirect Tax
GST on Renting of Commercial Property by Individuals: What Finance Teams Should Check in 2026

Many businesses assume GST applies only when the landlord is a company. That is wrong. Commercial rent paid to an individual landlord can still be a taxable…

GST & Indirect Tax
GST on Residential Dwelling Used for Business: Return, ITC and Notice Checklist

A residential flat used as a company guest house or employee accommodation may still trigger GST review. Since Notification 05/2022 amended the reverse-charge…

GST & Indirect Tax
GST on Sale of Used Assets by Businesses: Practical GST Guide for Indian SMEs

Selling old laptops, vehicles, furniture, machinery or scrap is not just an admin task. If ITC was claimed on capital goods or assets, Section 18(6) can…

GST & Indirect Tax
GST on Software Subscriptions and SaaS Tools: Examples, Documents and Common Mistakes

SaaS subscriptions are now a routine finance expense, but GST handling depends on whether the supplier is in India or outside India, whether the buyer is…

GST & Indirect Tax
GST on Sponsorship, Events and Brand Promotion: Return, ITC and Notice Checklist

Marketing spend is one of the easiest places for GST mistakes to hide. Sponsorship, event branding, influencer packages and booth rentals may look similar in…

Income Tax
E-Commerce Sellers in GSTR-1: Tables 14/15, Section 52 TCS and Section 9(5) Supplies

E-commerce sellers often reconcile platform settlements but miss the return-reporting layer. GSTR-1 now needs careful classification of supplies made through…

GST & Indirect Tax
GST CMP-08 and GSTR-4 Calendar for Composition Taxpayers

A composition taxpayer does not escape GST compliance. The burden shifts to a quarterly self-assessed tax statement in CMP-08 and an annual return in GSTR-4…

GST & Indirect Tax
GST Composition Scheme Eligibility: Should Small Businesses Opt In?

Composition levy looks attractive because it reduces return burden and tax computation complexity. But it also blocks ITC, restricts invoices and can create…

GST & Indirect Tax
When to Opt Out of GST Composition Scheme: CMP-04 and ITC Transition Checklist

Many businesses outgrow composition mid-year. The risk is not the decision to exit; the risk is a messy transition where invoices, ITC, pricing and returns are…

GST & Indirect Tax
GST Invoice Furnishing Facility Under QRMP: When to Use IFF

IFF is the bridge between quarterly filing and customer credit expectations. It allows QRMP taxpayers to furnish selected outward-supply details for the first…

GST & Indirect Tax
GST QRMP Scheme: Should SMEs File Quarterly Returns With Monthly Payment?

QRMP is designed to reduce filing frequency for eligible small taxpayers, but it does not remove monthly tax discipline. It is best viewed as a working-capital…

Income Tax
GST TCS for E-Commerce Operators: Section 52 and GSTR-8 Compliance Guide

E-commerce TCS is not merely a marketplace settlement deduction. Section 52 creates a monthly collection, deposit, statement and reconciliation framework that…

Income Tax
GST TDS Under Section 51: Government Contract Vendor Checklist

GST TDS is easy to miss because it is deducted by the recipient, but the vendor must still reconcile the credit, contract value and GST returns. For government…

Income Tax
TDS and TCS Credit Received in GST: How Suppliers Should Claim and Reconcile

TDS/TCS credit received is not a normal ITC entry. It is a cash-ledger style credit triggered by deductor/e-commerce operator filings. Suppliers need a…

GST & Indirect Tax
Nil GST Returns Through SMS: GSTR-1, GSTR-3B and CMP-08 Controls

Nil return filing through SMS is convenient, but only when the period is truly nil and the authorised-signatory details are clean. A wrong nil filing can…

GST & Indirect Tax
GST Blocking of E-Way Bill Generation: Reasons, Impact and Unblocking Checklist

E-way bill blocking is not just a portal inconvenience. If outbound movement is blocked, dispatches, customers and cash collections can stop. Rule 138E makes…

GST & Indirect Tax
GST Data Analytics Red Flags That Trigger Notices: Finance-Team Checklist

GST notices increasingly start from data mismatches: outward supplies, e-way bills, e-invoices, ITC, GSTR-2B, GSTR-3B and books not telling the same story. The…

GST & Indirect Tax
GST for Advertising Agencies and Media Buying: Return, ITC and Notice Checklist

Advertising agencies handle client retainers, media spends, reimbursements, vendor invoices and multi-state campaigns. GST issues usually arise not because the…

GST & Indirect Tax
GST for Importers: IGST, BCD and ITC Flow Checklist

For importers, the GST story does not end with customs clearance. IGST paid at import can affect working capital and ITC, while basic customs duty is a cost…

GST & Indirect Tax
GST Registration Amendment for Address, Partner or Director Change

Businesses change offices, partners, directors, trade names and contact details. GST registration must reflect the current facts, but not every field follows…

Income Tax
Income-tax Act 2025 for First-Time ITR Filers: Tax Year 2026-27 Checklist

First-time filers in Tax Year 2026-27 will enter the tax system under a new Act. The basics remain familiar — income, deductions, TDS, tax payment and return…

Income Tax
New Income-tax Act 2025 Transition Calendar for Employers

Employers will feel the Income-tax Act, 2025 through payroll declarations, proof collection, TDS logic, employee FAQs and year-end certificates. A clean…

Income Tax
New Income-tax Act 2025 Transition Calendar for Individuals

For individuals, the Income-tax Act, 2025 is not just a new PDF. From 1 April 2026, salary proofs, deductions, ITR references and tax planning conversations…

Income Tax
Old Income-tax Act 1961 vs Income-tax Act 2025: Section Number Finder

The biggest risk in the Income-tax Act 2025 transition is not the new law itself; it is using old section numbers casually in new-year content. A section…

Income Tax
Tax Year vs Assessment Year Under the New Income-tax Act: Simple Guide

A lot of tax mistakes start with date confusion. Under the Income-tax Act, 2025, “tax year” becomes the key reference point. That makes it even more important…

Income Tax
Income-tax Act 2025 for Consultants Claiming Business Expenses

Consultants often ask whether they should claim actual expenses or use presumptive taxation. The answer depends on activity, receipts, documentation, regime…