Quick Answer: What is GSTR-2B? GSTR-2B is a static, monthly auto-generated statement on the GST portal that determines a business’s eligible Input Tax Credit (ITC). Generated on the 14th of every month, it pulls data directly from your suppliers’ GSTR-1 filings. In 2026, GSTR-2B is the absolute source of truth for ITC claims; claiming credit…
I remember sitting across from Rajesh, a first-time founder who’d just incorporated his design agency as a private limited company. He looked genuinely worried. “Mohnish, I got a letter from my bank asking for my GSTIN. Do I need to register immediately? My CA said I might face penalties if I don’t, but my revenue…
Hey there, fellow content creators 👋 At ProfitBooks, we believe in building real relationships through content. If you’re reaching out for a link exchange, we’re all ears — as long as it’s a win-win and brings genuine value to our readers (small business owners, freelancers, and startup founders).That said, we’ve got a few non-negotiables. Please…
Let me tell you about the day I almost lost it completely. It was 2 a.m., and I was surrounded by mountains of receipts, invoice printouts, and bank statements. My laptop screen glowed with a chaotic spreadsheet that made absolutely no sense. Tax deadlines were looming, and I had no idea if my business was…
Hi there! We’ve partnered with India’s top lending companies to help you raise funding for your business. Our aim is to make raising funds for your business as easy as possible. Before we proceed, we need to know a few details about your organisation. Please share the information using the form below. This information will…