Understand the implications of GST rate changes on outward supplies, input tax credit, and tax liability. Learn how to handle billing, credit notes, and ...

The government's new GST circular clarifies the treatment of trade discounts and credit notes but increases compliance and ...

GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.

New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...

The GST Council has approved a major overhaul of the Goods and Services Tax system, slashing rates on several everyday items.

According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden ...

Companies are preparing for GST 2.0, focusing on operational challenges, ERP readiness, and tax compliance for the September 22 deadline.

Experts flag input tax credit blockage for FMCG distributors despite GST relief. Circular shifts compliance, cash-flow ...

The industry may push for a new refund mechanism, but this would be difficult for the government to allow, given the high ...