GST Composition Scheme 2026: Limits, Rates and Should You Opt In?
The composition scheme lets small businesses pay 1-6% flat tax with quarterly filing. Eligibility limits, tax rates, restrictions, and when it's a bad idea.
Plain-English guides on GST rates, filing deadlines, and invoicing — written for Indian business owners and their accountants.
The composition scheme lets small businesses pay 1-6% flat tax with quarterly filing. Eligibility limits, tax rates, restrictions, and when it's a bad idea.
Every GST invoice needs HSN codes. Learn what HSN/SAC codes are, how many digits you need by turnover, how to find your code, and wrong-code penalties.
ITC lets you reduce GST liability by the tax paid on purchases. Learn the four conditions, GSTR-2B matching, blocked credits, and time limits.
Compare GST billing software for Indian SMBs: Tally, Zoho Books, Vyapar, and BizGST Pro — pricing, features, cloud access, and which fits your business.
Missed a GST deadline? Here are the exact late fees for GSTR-1 and GSTR-3B, 18% interest rules, and penalties for wrong invoices and unregistered business.
E-way bill is required for goods movement above ₹50,000. Learn generation rules, validity by distance, exemptions and penalties for transport without one.
E-invoicing is mandatory for businesses above the turnover threshold. Learn the current limit, how IRN generation works, exemptions, and penalties.
Who needs GST registration in India? Current threshold limits (₹40/20/10 lakh), mandatory registration cases, documents required, and the online process.
GSTR-3B is your monthly GST summary return, due by the 20th. Step-by-step filing guide, due dates, late fee rules, and how to avoid interest.
Calculate GST with simple formulas: add GST, remove GST from inclusive price, and split CGST/SGST/IGST. Updated for GST 2.0 rates 0%, 5%, 18%, 40%.
GST 2.0 removed the 12% and 28% slabs from 22 Sep 2025. Here's the new 0/5/18/40 structure and exactly what small businesses must do.
GSTR-1 is your monthly sales return, due by the 11th. Learn what it contains, when to file, and how to prepare it without the last-minute rush.
A valid GST invoice needs specific fields — GSTIN, HSN, place of supply, tax split, and more. Here's the complete checklist for compliant invoicing.