At ProfitBooks, we are committed to make taxation simple for small business owners in India. Since GST is set to replace various indirect taxes, we have started this series on frequently asked questions on GST. This article is next in this series. Earlier, we had covered Levy and Exceptions under GST and Tax payments under…
GST tax payments are where compliance either holds together or falls apart for small businesses in India. Filing returns is one thing — actually settling your tax liability correctly, on time, and through the right ledger is where most owners get tripped up. As of 2026, the GST portal has shifted toward system-driven enforcement,…
The GST impact on e-commerce business in India has shifted dramatically since the early days of implementation. What started as a registration headache in 2017 has evolved into a data-driven compliance ecosystem where real-time matching, automated TCS deductions, and tightened return reconciliation leave almost zero room for error. In practice, I see many e-commerce…
GST Registration Process 2025 with New GST Slabs and GST 2.0 Reforms Picture this: It’s Monday morning, September 23rd, 2025, and Raj’s phone hasn’t stopped ringing. His textile business in Delhi crossed ₹40 lakhs last month, and suddenly every supplier wants to know his GSTIN. But here’s the twist – overnight, the entire GST landscape…
GST Levy refers to when tax becomes payable on a supply of goods or services under the CGST and IGST Acts, 2017. GST Exemption refers to specific goods or services on which GST is not charged as notified by the government. Understanding both is critical for small businesses navigating the Rs. 40 lakh threshold…
At ProfitBooks, we are committed to make taxation simple for small business owners in India. Since GST is set to replace various indirect taxes, we are going to start this series on frequently asked questions on GST. This article is first in this series. Please feel free to share your thoughts or questions in the…
Quick Answer: GST (Goods and Services Tax) is India’s unified indirect tax. As of the GST 2.0 reforms in late 2025, the system operates on a rationalized 4-slab structure: 0%, 5%, 18%, and 40%. Compliance is now heavily automated. Mismatches between your GSTR-3B filings and your suppliers’ auto-populated GSTR-2B data will trigger immediate Input Tax…