GST compliance

Scope of Supply under GST Simplified – A Complete Guide to Section-7 of the GST Act

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If GST were a movie, the first scene would be about “Supply”. Why? Because without supply, there’s no GST at all. The law doesn’t just tax goods and services – it taxes the supply of goods and services. But here’s the twist: not everything you give, sell, or exchange counts as a “supply” under GST. … Read more

ITC Reversal for Exempt Supplies – Essential Guide to Rule 42 & 43 of GST

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Have you received a notice from the GST Department asking for ITC Reversal for Exempt Supplies? “Reverse Input Tax Credit in proportion to exempt supplies under Rule 42 or Rule 43…” You’re not alone — this kind of notice is landing in inboxes across industries. And no, it’s not limited to big financial institutions or … Read more