Compliance guides
How-to · GST
How is GST place of supply of services decided?
Section 12 of the IGST Act sets the place of supply for services when supplier and recipient are both in India, and section 13 when one of them is outside. The default turns on the recipient's registration status, and sub-sections (3) onwards override it for property, events, transport, telecom, banking and more.
How-to · GST
How does the GST QRMP scheme work?
How the Quarterly Return Monthly Payment scheme works on the GST portal: the Rs 5 crore turnover test, the opt-in window for each quarter, the fixed sum and self-assessment challan methods in PMT-06, and the Invoice Furnishing Facility cut-off on the 13th.
How-to · GST
What are the GST composition scheme rate ceilings?
Section 10 of the CGST Act sets composition rate ceilings of 1, 2.5 and 0.5 per cent, a separate 3 per cent option for others, six eligibility conditions, a same-PAN rule, and a lapse that takes effect the day turnover crosses the limit.
How-to · GST
Is the GST registration limit ₹20 lakh or ₹40 lakh?
Section 22 of the CGST Act sets ₹20 lakh, with ₹10 lakh for special category States. Notification 10/2019 exempts an exclusive goods supplier up to ₹40 lakh with exclusions. Section 24 overrides all of it for inter-State supply, reverse charge, casual and non-resident persons and more.
How-to · GST
How much is GST late fee and interest?
Late fee under section 47 of the CGST Act runs at ₹100 a day with a ₹5,000 cap for a periodic return, and a turnover-linked cap for the annual return. Interest under section 50 is a separate charge on unpaid tax, with a ceiling of 18 per cent and 24 per cent for wrongly availed credit.
How-to · GST
Who pays GST under reverse charge?
Section 9(3) of the CGST Act shifts tax on notified supplies to the recipient, who is then treated as the person liable to pay. The notified service list covers goods transport, legal services, arbitral tribunals, sponsorship, directors, insurance and recovery agents, security services and more.
Updates · SEBI
What do the SEBI PIT Regulations prohibit?
What the SEBI Prohibition of Insider Trading Regulations cover, who is a connected person or insider, the trading window and code of conduct, structured digital database, and how to track SEBI changes.
How-to · Tax
When is TDS deducted on professional fees?
When a payer deducts tax on professional or technical fees, why the rate splits at 10 and 2 per cent, the ₹50,000 annual threshold, and how the old 194J duty now sits inside the section 393(1) table of the Income-tax Act, 2025.
How-to · Tax
When is TDS deducted on a property purchase?
When a buyer of immovable property deducts 1 per cent, why the ₹50 lakh test uses the higher of consideration and stamp duty value, how multiple buyers and sellers report, and why Form 26QB becomes Form 141 Schedule B under section 393(1) table sl. no. 3(i).
How-to · Tax
How do I get a lower TDS certificate in Form 128?
How a payee gets tax deducted at a lower or nil rate, what the Assessing Officer looks at, and why the application moves from Form 13 under section 197 to Form 128 under section 395(1) of the Income-tax Act, 2025.