ValueSoft Blog

GST & Business Guides

Simple explanations of GST rules, returns, e-Invoice and E-Way Bill — written for traders, distributors and shop owners.

Blogger05/12/256 min read

TDS vs TCS Explained

Detailed comparison between Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) - covering definitions, applicability, rates, due dates, compliance requirements, and practical differences for businesses and individuals.

  • TDS
  • TCS
  • Tax Deduction
  • Tax Collection
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Blogger25/11/256 min read

Invoice Furnishing Facility (IFF)

A detailed guide to Invoice Furnishing Facility (IFF) under GST — explaining what IFF is, who can use it, which invoices can be uploaded, monthly limits, due-dates, and how it helps small businesses under the QRMP scheme to manage B2B invoices and enable faster ITC for buyers.

  • Invoice Furnishing Facility
  • GST
  • QRMP scheme
  • Tax Compliance
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Medium22/11/254 min read

Invoice Management System (IMS) in GST — Explained

A clear and structured guide to the Invoice Management System (IMS) under India’s GST framework — covering why IMS was introduced, how it improves invoice matching, its workflow, benefits for taxpayers, and its role in preventing ITC frauds.

  • Invoice Management System
  • GST Compliance
  • Input Tax Credit
  • Invoice Matching
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ValueSoft Blogspot19/11/256 min read

GST Composition Scheme

A comprehensive guide to the GST Composition Scheme, covering eligibility, benefits, drawbacks, compliance requirements, and tax rates. This article helps small businesses decide if this simplified tax scheme is right for them.

  • Composition Scheme
  • GST
  • Small Business
  • Tax Compliance
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Medium15/11/258 min read

Forward Charge Mechanism (FCM) under GST

Understand the Forward Charge Mechanism (FCM) under GST — meaning, rules, working, examples, ITC claim process, and difference from Reverse Charge (RCM). Updated for 2025 with the latest GST Compliance insights.

  • Forward Charge Mechanism
  • GST
  • Input Tax Credit
  • Tax Compliance
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Medium15/11/255 min read

QR Code & Helpline Display: New Government Directive

Explanation of the mandatory requirement for businesses to display QR codes and helpline numbers on invoices, covering implementation guidelines, compliance deadlines, benefits for consumers, and penalty provisions for non-compliance.

  • QR Code
  • Helpline Display
  • Compliance
  • Consumer Rights
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ValueSoft Blogspot12/11/255 min read

Reverse Charge Mechanism (RCM) under GST Explained

A comprehensive guide to the Reverse Charge Mechanism under GST in India — covering what RCM is, how it differs from the normal mechanism, when it applies, ITC rules, threshold & registration issues, recent updates (2025) and common mistakes.

  • Reverse Charge Mechanism
  • GST Compliance
  • Input Tax Credit
  • Business Tax India
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Medium20/10/256 min read

GST 2.0: A Game Changer for India's MSMEs

Exploration of how GST 2.0 specifically benefits Micro, Small and Medium Enterprises through simplified compliance, enhanced input tax credit flow, lower compliance costs, and technology integration for easier business operations.

  • GST 2.0
  • MSME
  • Small Businesses
  • Tax Simplification
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ValueSoft Blogspot16/10/257 min read

GSTR-2A and 2B: A Complete Guide

A detailed guide explaining the difference between GSTR-2A and GSTR-2B, their importance for Input Tax Credit (ITC) reconciliation, and how to use them to ensure accurate ITC claims and maintain GST compliance.

  • GSTR-2A
  • GSTR-2B
  • Input Tax Credit
  • GST Reconciliation
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Medium10/10/258 min read

GST Input Tax Credit (ITC)

Comprehensive guide to understanding and claiming Input Tax Credit under GST - eligibility criteria, conditions, blocked credits, documentation requirements, reversal provisions, and practical claiming process for businesses.

  • Input Tax Credit
  • ITC
  • GST Credit
  • Tax Benefits
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Medium16/09/253 min read

MRP Changes in GST 2.0

It explains how GST 2.0 impacts medicine prices by offering a simple formula to recalculate MRP based on revised tax rates. With examples like Cremafin Plus and Duphalac Chews, it shows how lower GST leads to more affordable healthcare for consumers.

  • GST 2.0
  • Medicine Pricing
  • MRP Calculation
  • Healthcare Affordability
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Medium16/09/254 min read

Complete Guide to GSTR-3B Filing in India

A detailed walkthrough of how to file the monthly / quarterly GSTR-3B return in India - covering what it is, when it's due, how to prepare key tables (3.1, 3.2, 4, 5, 6), and the recent compliance updates (auto-locking, three-year filing limit).

  • GSTR-3B
  • GST Returns
  • GST Compliance
  • Business Tax India
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Medium15/09/254 min read

GST 2.0 and Pharma Industry

GST 2.0 reduces taxes on medicines, devices, and insurance, making healthcare more affordable for Indian consumers. However, pharma companies face margin pressure, tax mismatches, and compliance costs that could impact competitiveness.

  • Pharmaceutical Industry
  • GST Reform
  • Healthcare Policy
  • Taxation Challenges
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Blogger15/09/255 min read

GSTAT E-Filing

Complete guide to filing appeals electronically with the Goods and Services Tax Appellate Tribunal (GSTAT) - covering eligibility, process flow, document requirements, timelines, and benefits of the e-filing system for faster dispute resolution.

  • GSTAT
  • E-Filing
  • Tax Appeals
  • GST Tribunal
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Blogger12/09/255 min read

GST 2.0 and FMCG

GST 2.0 slashes taxes on everyday FMCG items, boosting affordability and rural demand, especially ahead of festive season sales. Despite challenges like packaging waste and margin pressure, analysts see the sector as a major winner of the reform.

  • GST 2.0
  • GST Reforms
  • FMCG
  • Compliance
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Medium08/09/20252 मिनट पढ़ें

GST 2.0 पोर्टल से करें स्मार्ट शॉपिंग

22 सितंबर 2025 से लॉन्च हो रहे नए GST 2.0 पोर्टल पर कस्टमर पुराने और नए टैक्स रेट की तुलना कर पाएंगे और अपनी सेविंग्स जान सकेंगे। यह एक इंटरएक्टिव और ट्रांसपेरेंट कैलकुलेटर होगा।

  • GST 2.0
  • टैक्स रिफॉर्म
  • शॉपिंग
  • सरकारी योजना
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Medium06/09/20255 मिनट पढ़ें

नेक्स्ट-जेन GST सुधार 2025 - GST 2.0

सरकार ने 22 सितम्बर 2025 से नया GST 2.0 लागू किया है। यह टैक्स सिस्टम को सरल, पारदर्शी और आम जनता के लिए अनुकूल बनाता है।

  • GST 2.0
  • कर सुधार
  • भारत
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Blogger05/09/257 min read

GST Reforms 2025

India's GST 2.0 reform simplifies tax slabs to 5%, 18%, and 40%, making essentials cheaper and taxing luxury goods higher. This move supports households, MSMEs, and boosts compliance and transparency.

  • GSTReform2025
  • TaxSimplification
  • AffordableIndia
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Medium01/09/2510 min read

GST Terminology

This article provides a simplified and comprehensive overview of key GST concepts in India, including registration, tax filing, returns, invoicing, and compliance. It's designed to help businesses and individuals understand GST processes and responsibilities clearly.

  • GST
  • Taxation
  • GSTR Forms
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Blogger27/08/256 min read

CREDIT LIMIT

Protect your business from bad debts with ValueSoft's Credit Limit feature - set custom limits by amount, days, or bills. Ensure timely payments, maintain cash flow, and automate credit control effortlessly.

  • Credit Management
  • Business Finance
  • Cash Flow
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Medium23/08/255 min read

GSTR1

GSTR-1 filing for businesses, covering key aspects such as deadlines, reportable details, software tools, and compliance best practices. This concise yet comprehensive article equips GST-registered entities with practical insights to streamline filing, avoid penalties, and enhance credibility

  • GST
  • GSTR1
  • Tax Filing
  • Compliance
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Blogger16/08/256 min read

E-Invoicing under GST

A comprehensive guide to e-invoicing under GST - covering what it is, who needs to generate it, the step-by-step process, and compliance requirements. Learn about the benefits of automated invoice registration and how it streamlines business operations while ensuring GST compliance.

  • E-Invoicing
  • GST
  • Tax Compliance
  • Business Automation
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Blogger13/08/256 min read

E-WAY BILL

Understanding E-Way Bills under GST - when they're required, who should generate them, and how they help streamline goods movement. Learn key rules, common mistakes, and useful software tools.

  • E-Way Bill
  • GST
  • Transport
  • Goods Movement
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