In this article, know the steps to manage already generated e-way bills (EWBs)/Consolidated e-way bills.Update as on 17th June 2026: The GSTN has released an advisory outlining changes to the APIs of the e-Invoice and e-Way Bill systems, effective from 1st August 2026. The Ship-to GSTIN would become mandatory in IRN & e-Way Bill APIs when Ship-to information is present ("URP" if the consignee is unregistered). In B2B/SEZ transactions, any Ship-to details entered during the IRN would not be overridden during e-Way Bill creation. A new voluntary facility for e-Way Bill closure has also been introduced, allowing suppliers, recipients, or transporters to declare the completion of delivery.New Compliance Requirements: Mandatory "Ship To" GSTIN & Voluntary ClosuresTo adjust the billing processes to fit the latest two changes introduced through the portal, taxpayers, logisticians, and transportation managers will have to follow suit by 15 June 2026:1. Compulsory Requirement for "Ship To GSTIN"When an invoice is created based on a "Bill-To/Ship-To" model, you should be aware that you are no longer permitted to skip the "Ship To GSTIN" field.In cases where the consignee is registered with the tax department, fill out the "Ship To GSTIN" field with the GSTIN number of the entity actually receiving the shipment.In cases where the consignee is unregistered, enter URP in the "Ship To GSTIN" field.2.

The ewaybill (EWB) portal provides a seamless gateway to generate eWay bills (single and consolidated options), change vehicle number on the already generated EWB , cancel generated EWBs and many more… E-way bills in EWB-01 can be generated by any of the following-On the WebVia SMSThrough e-InvoicingThis article focuses on the step-by-step process of generating the e-way bills on the e way bill portal (web-based).Latest GSTN Advisory: Improvements in E-Way Bill SystemUpdate as on 17th June 2026: The GSTN has released an advisory outlining changes to the APIs of the e-Invoice and e-Way Bill systems, effective from 1st August 2026. The Ship-to GSTIN would become mandatory in IRN & e-Way Bill APIs when Ship-to information is present ("URP" if the consignee is unregistered). In B2B/SEZ transactions, any Ship-to details entered during the IRN would not be overridden during e-Way Bill creation. A new voluntary facility for e-Way Bill closure has also been introduced, allowing suppliers, recipients, or transporters to declare the completion of delivery.Modification 1: "Ship To GSTIN" becomes mandatory for bill-to/ship-to transactionsWhenever there is a bill-to/ship-to transaction, the "Ship To GSTIN" must be entered as part of the data when generating the e-way bill. If an unregistered person is acting as the consignee, enter "URP" in the Ship To GSTIN field.Modification 2:Voluntary facility to close e-way billA new e-way bill closure facility has been launched by GSTN voluntarily.

Stay updated with the latest GST news, notifications, and announcements right here. This page covers key developments from the GST Council, CBIC, and GSTN, including changes to returns, e-invoicing, e-way bills, and Budget 2026 reforms. Get simple breakdowns of evolving tax rules to help with compliance.Latest GST News1. 2026 GST Updates17th June 2026The GSTN has released an advisory outlining changes to the APIs of the e-Invoice and e-Way Bill systems, effective from 1st August 2026. The Ship-to GSTIN would become mandatory in IRN & e-Way Bill APIs when Ship-to information is present ("URP" if the consignee is unregistered).

GSTR-5 is a monthly return that Non-Resident Taxable Persons (NRTPs) must file in India. These are businesses without a fixed place in India but that make taxable sales here. NRTPs register for up to 90 days and use the GSTR-5 return to report sales, imports, and tax payments. Buyers automatically receive these details in their GSTR-2A or 2B.Key TakeawaysNon-Resident Taxable Persons register on the GST portal for up to 90 days before starting business in India.They must file GSTR-5 by the 13th of the next month or within 7 days after the expiry of their registration, whichever is earlier. The return includes sales, imports, tax due, and payments.Data from GSTR-5 automatically populates buyers' GSTR-2A or 2B returns.Late filing attracts a penalty of Rs.

For Indian enterprises, AI in ITC matching is now a core finance function, not an operational afterthought. With GSTR-2B as the sole ITC eligibility criterion since October 2024 and the Invoice Management System (IMS) adding a further reconciliation layer, automated ITC matching software in India is the only scalable response. Manual processes cannot prevent ITC leakage, reconcile GSTR-2B purchase register mismatches at volume, or protect working capital in real time. Enterprises deploying GSTR-2B ITC reconciliation automation are filing faster, recovering more credit, and closing the input tax credit matching gaps that manual workflows routinely miss. Key TakeawaysOn average, enterprises face an ITC leakage of 1-3% and compliance risk due to manual ITC reconciliation.No need in sales to reconcile with the purchase register manually, as AI with Leakage is almost zero.6,000 invoices per second processed by the ClearTax AI engine, which is 5x faster than traditional solutions.AI ITC matching releases 3-5% of working capital for enterprises and saves them an average of 4% GST.What Is ITC Matching in GST India?The process of matching GST credit on purchases as shown in GSTR-2B with a taxpayer's purchase register/general ledger and GSTR-3B filed is called Input Tax Credit (ITC) matching. If the invoice is not present in the GSTR-2B, then ITC can't be claimed; accurate reconciliation is mandatory. The process since October 2024 needs a 3-way match of Purchase Register, IMS and GSTR-2B.

TDS and TCS changes from 1st April 2026 are introduced by the new Income Tax Act, 2025, further amended by the Finance Act, 2026. It transforms India's withholding tax framework with new section numbers, new form names, and tighter compliance rules. Continue reading this article for action items on your tax team before the TDS/TCS changes kick in.Key TakeawaysSections 392, 393, and 394 of the Income Tax Act, 2025 replace 194C, 194J, 194I, all TDS sections.The annual TDS certificate for salaried employees is now Form 130 under the new Income Tax Rules, 2026, instead of Form 16.Calculate TDS using the buyer's PAN instead of TAN for an NRI selling immovable property. TCS rate changes from 1st April 2026 bring several categories to a flat 2%.TDS & TCS Changes from 1st April 20261. All TDS Sections RenumberedThe new Income Tax Act, 2025, restructures TDS provisions under three broad provisions:Section 392: TDS on salary (Form 138 is the quarterly return replacing Form 24Q)Section 393: TDS on all non-salary payments to residents and non-residentsSection 394: TCS provisionsEvery FVU code has been reassigned. Update your ERP and TDS software before filing the first quarterly return for Tax Year 2026-27.

When a vendor fails to file GST returns, it is considered a vendor compliance risk for the buyers. It exposes businesses to financial penalties, legal liability, data breaches, and severe reputational damage. With the regulatory environment in India getting stringent, failure of the vendors to comply with regulations without any supervision directly results in input tax credit (ITC) reversal, issuance of Tax Demand Notices and denial of deductions.Key TakeawaysOne of the vendor compliance risks in case of GST - As per Rule 37A, the buyer is liable to reverse the ITC in this scenario - if you claim ITC and your supplier fails to furnish GSTR 3B, then such ITC has to be reversed, and interest at 18-24% will be applicable during the non-filing of GSTR-3B by the vendor.In FY 2024–25, the GST authorities have detected ₹58,772 crore in wrongful ITC, which is the highest amount ever. The GST authorities have detected the highest amount of ₹58,772 crore in wrongful ITC in any fiscal year since FY 2024–25.AI-powered platforms can reconcile 50,000+ invoices in minutes and proactively block payments to non-compliant vendors.What Is Vendor Compliance Risk?Vendor compliance risk refers to the legal and financial liability of the buyer if the vendor doesn't meet statutory obligations, such as filing GST returns, e-invoicing, accuracy in TDS, and the validity of PAN. Under the CGST Act, the ITC credited by the buyer is directly linked to the ITC filing done by the vendor.

The authorities do not routinely overlook the filing of GST returns with a wrong HSN code. The consequences of wrong HSN codes can mean denied input tax credit, a ₹50,000 penalty, and in serious cases, a fraud notice from GST authorities. It usually begins with a miscoded invoice.Key TakeawaysA wrong or missing HSN code attracts a penalty up to ₹25,000 under Section 125 of the CGST Act, 2017 (₹50,000 combined when SGST is included).Charging an incorrect GST rate carries a penalty equal to 100% of the tax due or ₹10,000, whichever is higher.Incorrect HSN codes can trigger ITC disputes or denial, especially where invoice mismatches arise or Section 16 conditions are not satisfied.GSTR-1 amendment is the only prescribed correction method, subject to the 30th November deadline of the following year.What is an HSN Code Under GST?HSN stands for Harmonised System of Nomenclature, a globally standardised product classification system maintained by the World Customs Organization. Under GST, every goods invoice must carry a valid HSN code. Businesses with turnover up to ₹5 crore report 4-digit codes; above ₹5 crore, 6-digit codes are mandatory.

EPF Form 19 is a crucial application for withdrawal of the Employee Provident Funds (EPF) balance. It is submitted by an employee to claim the accumulated EPF balance, including the employer and employees contributions along with interest, upon retirement, unemployment for more than two months, disability to work, etc. This form is important to initiate the withdrawal process and ensure that the accumulated balance is transferred or refunded.When Should You Use EPF Form 19?Form 19 must be used when you wish to withdraw EPF funds in the form of the final settlement.  An EPFO member can use Form 19 under the following circumstances:Retirement on attaining 55 years of age or attained 55 years of age.Retirement on account of inability to work due to mental/ bodily infirmity.Voluntary Retirement.Migration from India to abroad for employment or permanent settlement.Termination of employmentDischarge from service on receiving compensation under the Industrial Dispute Act, 1947.Resigned and not employed in any factory to which the Employees’ Provident Fund Scheme applies.Pre-requisites for Filing Form 19Before you apply for withdrawal with Form 19, you must be ready with the following pre-requisites:Activate UAN: Your UAN must be active on the EPF Member portal.Link UAN with Bank Account: Ensure your PAN is linked with your Bank Account.Link Mobile Number: Link your mobile number with UAN.Eligibility Check: Check if you are eligible for final settlement. If you are not, the form will not be displayed.The form can be filled out only after two months of leaving the job or on retirement.Providing a mobile number is mandatory for final settlement.PAN is mandatory for claiming the final settlement.How to Fill EPF Form 19 Online?Form-19 can be submitted online by following the step given below:Visit the EPF Member portal at https://unifiedportal-mem.epfindia.gov.in/memberinterface/.\Enter the UAN, password, and captcha to sign in to the portal.Under the ‘Online Services’ section, select ‘Claim Form – 31, 19, 10C & 10D’.On Form 31, 19, 10C & 10D page, you will see an auto-filled form with your name, father/husband's name, date of birth, contact number, KYC details, and service details as shown in the image below.Verify your bank account details and enter the last four digits of your bank account number in the text box. Click on the ‘Verify’ button for the software to verify if you are the authorised owner of the account.Upon successful verification, enter the details such as the Date of Ending (DOE) EPF and EPS accounts.

Your supplier issued the invoice. You cleared the payment. None of that registers on the GST portal if the supplier has not filed GSTR-1. The invoice is missing from your GSTR-2B, the ITC goes nowhere, and Section 16 puts the burden of a clean credit chain squarely on you.Key TakeawaysWhen a supplier has not filed GSTR-1, it means the invoice never reaches the buyer's GSTR-2B, and ITC stays blocked under Section 16(2)(aa) of the CGST Act until it doesMiss the Section 16(4) cutoff on 30th November of the following financial year,  the credit is gone, regardless of when the supplier eventually filesGSTR-1 late fees under Section 47(1) of the CGST Act are turnover-based: capped at ₹2,000 for turnover up to ₹1.5 crore, and ₹10,000 for turnover above ₹5 croreFile your GSTR-3B on time, no matter what; a supplier's default does not shift your deadline by a single dayWhat Is GSTR-1 and Why Is It Important?Every registered supplier is required to submit GSTR-1 for declaring outward supplies like debit notes, invoices, and credit notes for the period. This data is used to automatically fill your GSTR-2B on the GST portal.GSTR-2B only fetches the data from the filed GSTR-1.