#Input Tax Credit

4 articles

A finance professional filing a GST refund application on a laptop with invoices and bank statements nearby

GST Refund Process, Step by Step: Filing, Timelines, and Rejections

A GST refund claim moves through set stages with real deadlines on both sides. Knowing where claims usually get stuck is what actually gets money back faster.

5 August 20267 min read

An accountant cross-checking purchase invoices against a GST return on a laptop screen

GST

Input Tax Credit Under GST: Rules, Restrictions, and Common Mistakes

ITC isn't automatic just because you paid GST on a purchase. Here's what the law actually requires, what's permanently blocked, and where businesses slip up most.

9 June 20267 min read

A small shopkeeper billing a customer at a counter with a GST invoice book and calculator

GST

GST Registration: Regular Scheme vs Composition Scheme for Small Businesses

Composition means a lower flat rate and simpler filing, but it costs you input tax credit and inter-state sales. Here's how the trade-off actually plays out.

18 May 20266 min read

A business owner reviewing a vendor invoice and calculating GST payable under reverse charge

GST

Reverse Charge Mechanism Under GST: How RCM Works and Who Pays

Under reverse charge, the buyer pays GST straight to the government instead of the seller collecting it. Here's when it applies and how the credit flows back.

16 March 20266 min read