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 ...

GST rate rationalization (22.09.2025) shifts to 5% and 18%. Learn the impact on wholesalers and retailers, and find solutions for inventory, pricing, and ITC ...

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

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 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, ...

The Goods and Services Tax (GST) rates, revised by the GST Council, became effective on September 22, 2025, necessitating immediate updates to accounting software for GST-registered businesses.