Frequently Asked Questions

Businesses whose aggregate turnover exceeds ₹40 lakh (goods) or ₹20 lakh (services) in normal states (₹20 lakh / ₹10 lakh in special category states), and certain businesses regardless of turnover such as inter-state sellers of goods in many cases, e-commerce sellers and casual taxable persons.

It depends on verification by the department and the quality of your documents. A correct application with proper documents and prompt replies to queries is the best way to avoid delays.

PAN, Aadhaar, business registration proof, address proof of the principal place of business, bank account proof, photographs and authorised signatory details.

GSTR-1 is generally due on the 11th and GSTR-3B on the 20th of the next month for monthly filers. QRMP filers have quarterly due dates (13th for GSTR-1 and 22nd/24th for GSTR-3B). See the tax calendar.

₹50 per day (₹25 CGST + ₹25 SGST) for returns with tax, ₹20 per day for nil returns, subject to caps. Interest of 18% per annum applies on late tax.

Most goods and services moved to 5% and 18% from 22 September 2025, with a higher rate for specified goods. Always verify the rate for your HSN/SAC.

ITC lets you deduct GST paid on business purchases from GST collected on sales, subject to conditions such as a valid invoice, receipt of goods/services and supplier filing.

GSTR-2B is an auto-drafted ITC statement generated from suppliers' returns. It is the basis for claiming ITC in GSTR-3B.

A simplified scheme where eligible small taxpayers pay tax at a fixed percentage of turnover, file less frequently and cannot claim ITC.

A Letter of Undertaking allows exporters to supply without paying IGST. It must be furnished every financial year.

Read the notice, note the deadline, reconcile your data, collect documents and reply on the portal in time. Do not ignore it.

Yes. You can apply for voluntary cancellation if you close the business or fall below the threshold, after filing pending returns and paying dues.

Once aggregate turnover crosses the services threshold, or earlier if notified conditions apply. Export of services can be zero-rated under LUT.

HSN/SAC codes classify goods/services and must be reported on invoices and returns; digits required depend on turnover.

For taxpayers above the notified aggregate turnover limit for B2B invoices. The limit has been lowered over time; check the latest notification.

The new regime is typically better when deductions are small. Use our calculator to compare for your numbers.

For resident individuals in the new regime, section 87A rebate effectively makes taxable income up to ₹12 lakh tax-free (excluding special-rate incomes); salaried taxpayers also get a ₹75,000 standard deduction.

31 July for most non-audit individuals; later for audit cases. For AY 2026-27 audit cases were extended to 21 November 2026. Belated returns are generally allowed until 31 December.

You can file a belated return with a late fee under section 234F and interest under section 234A; some losses may not be carried forward.

ITR-1 for simple salaried residents, ITR-2 for capital gains/NRIs, ITR-3 for business income, ITR-4 for presumptive income. Use our ITR form finder.

A simplified scheme (44AD for businesses, 44ADA for professionals) where income is deemed at a fixed percentage of turnover or receipts.

If your tax liability after TDS exceeds ₹10,000, you must pay advance tax in instalments to avoid interest.

Gains on property held over 24 months are long-term (12.5% without indexation for transfers after 23 July 2024); shorter holding periods are taxed at slab rates.

A new law that replaced the Income-tax Act, 1961 from 1 April 2026 and applies from tax year 2026-27.

No. HRA exemption is available only in the old regime.

Within 30 days using Aadhaar OTP, net banking, bank/demat EVC or by sending a signed ITR-V to CPC.

A person who is not resident in India for the year, determined by days spent in India (182-day, 60/120-day and 365-day tests) and special rules for citizens and PIOs.

If Indian income exceeds the basic exemption limit, or in cases such as capital gains or TDS refund claims. Filing is also required to claim losses.

Generally no, if earned and received outside India while the person is a non-resident.

TDS under section 195 applies on capital gains (12.5% for long-term plus surcharge/cess), but buyers commonly deduct on the full sale value unless a lower deduction certificate is obtained.

Through the NRO account, subject to FEMA limits (generally USD 1 million per financial year), tax payment and Form 15CA/15CB.

Resident but Not Ordinarily Resident: a transitional status with relief on foreign income, often relevant to returning NRIs.

No. NRE interest is exempt in India for non-residents. NRO interest is taxable with TDS.

A treaty between India and another country to avoid double taxation. Benefits need TRC and Form 10F documentation.

Yes. We work online with NRIs in the UAE, Saudi Arabia, UK, USA, Canada, Australia, Singapore and other countries.

Your residential status changes, bank accounts must be re-designated, Indian income remains taxable in India and you may have reporting obligations in the new country.

PAN/TAN, GST (if applicable), bookkeeping, TDS, auditor appointment, ROC filings, payroll registrations and ITR. See our startup checklist.

Proprietorship for small low-risk businesses, LLP for professionals, private limited for investment and ESOPs.

Recognition under Startup India that can unlock tax benefits (such as section 80-IAC after approval) and other schemes.

Companies can choose the concessional 22% regime (plus surcharge and cess) or the regular regime depending on exemptions.

If turnover crosses the threshold or if mandatory triggers apply (for example inter-state supply of goods or e-commerce). Voluntary registration is also common to claim ITC.

If turnover or receipts exceed the limits under section 44AB or in specified presumptive cases.

Yes. We provide bookkeeping, accounts payable/receivable, payroll, VAT/GST return preparation and reporting together with our accounting partner Apskaita Solutions, and coordinate with local licensed advisers where statutory sign-off is required.

Yes. We have an operations presence at Lexington Avenue, Maidenhead, UK. Contact us to arrange meetings.

UK, USA, Canada, Australia, New Zealand, Singapore, Malaysia, UAE and other GCC countries, Germany, France, Ireland, Netherlands, Spain, Italy, Portugal, Greece and more.

We prepare VAT returns and bookkeeping for MTD-compatible filing. Registration and filing are performed through appropriate authorised channels.

Xero, QuickBooks, Zoho Books, Sage, Tally and others, depending on country and client preference.

Yes. Payroll support for UK, USA and other markets is provided through our partner's global payroll service, subject to local statutory requirements.

We use role-based access, NDAs and secure tools. Our partner states GDPR-aligned processes and NDA coverage. Ask us for details on controls.

Restaurants, e-commerce, healthcare, construction, technology, manufacturing, professional services and startups, among others.

Invoicing, inventory management, customer management, payroll, tax filing and automation, accounting, POS, expense management, e-invoice/e-way bill, compliance calendar and AI document processing.

Yes. Use the demo request form on any product page or message us on WhatsApp.

Direct filing requires authorised connectivity through approved routes. Our tools prepare return-ready data and support filing through authorised channels.

Yes. Custom development is available with our technology partner Awi Digital.

AI can read invoices, categorise transactions, reconcile bank and GST data and flag anomalies, with human review for decisions.

AI assists with extraction and matching. Final tax decisions need professional review and audit trails.

Yes. We design and build financial automation and accounting applications together with Awi Digital.

Message us on WhatsApp, call +91 62385 77759, email gstmanindia@gmail.com or submit the enquiry form.

Yes. Use the Ask an Expert page and describe your case. Our team will review and respond.

Headquarters in Trivandrum, Kerala, India, with operations in the UK. Services are delivered online across India and internationally.

Yes. We serve clients in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and Puducherry online.