Input Tax Credit (ITC) Under GST: Simple Guide to Eligibility, Blocked Credits and Reversal
Input Tax Credit (ITC) is one of the most useful benefits of GST. It allows a registered business to reduce its GST liability by using the GST already paid on eligible business purchases.
E-Way Bill Rules Under GST: When It Is Required, Validity & Exemptions?
An E-Way Bill is an electronic document used to track the movement of goods under GST. It is generated online in Form GST EWB-01. After generation, the system provides a unique 12-digit E-Way Bill Number (EBN).
Importance of Place of Supply Under GST: Meaning, Rules and Why It Matters?
The place of supply is the location where goods or services are considered to have been supplied under the GST law. To decide which GST to charge, the place of supply is compared with the location of the supplier.
How AI and Automation are Transforming GST Compliance in India?
GST compliance in India is, by nature, heavy on data and process. Businesses deal with thousands of invoices, tight filing deadlines, and rules that keep changing through notifications and circulars. This creates common problems for taxpayers and accountants:
E-Way Bill New Rules from August 2026: Complete Guide for GST Taxpayers
An e-way bill (Electronic Way Bill) is a document you must generate on the GST portal before moving goods worth more than ₹50,000. It is compulsory under Rule 138 of the CGST Rules, 2017, and the government's power to seek it arises from Section 68 of the CGST Act, 2017.
How to Scale Your Business Legally Without Penalties? Ultimate 2026 Guide
Scaling your business is a super exciting phase. Your sales are going up, your team is growing, and you are finally seeing your big dream come true. But let’s be honest—fast growth also brings big risks. Many Indian startups and SMEs get so busy chasing sales that they completely forget about legal compliance.
GST Composition Scheme Explained A Simple Guide for Small Businesses
Managing GST compliance can often be challenging for small businesses. Regular return filing, maintaining detailed records, and managing input tax credits can require significant time and resources. To make taxation easier for small taxpayers, the government introduced the GST Composition Scheme.
Rule 14A and the New 3-Day GST Registration System: A Complete Updated Guide (2025)
At My Finance Gyan, we regularly track and explain the latest GST changes. As per the newest updates, the 3-day approval mechanism is now one of the most important improvements in the journey of GST registration online in India.
GST 2.0 in India: Everything You Need to Know About the New Tax Regime
The new GST 2.0 aims to simplify compliance, improve transparency, and make taxation more efficient for both businesses and consumers.
GST Notices: Types, Reasons, and How to Respond Without Penalty
The Goods and Services Tax (GST) has simplified India's indirect tax structure. However, compliance with GST rules is mandatory for all registered taxpayers.