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.
According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden ...
New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...
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 government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, ...