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 ...
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 ...