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

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 ...

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

With the 22 September deadline for new, lower GST rates now here, consumer packaged goods makers, distributors, and retailers ...

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. , ...

CERC holds public hearing on GST rate changes impacting power sector, aims for uniform treatment of change in law events.

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

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

Revenue Secretary Arvind Shrivastava said that, based on the 2023–24 consumption base, the net revenue implication is expected to be around ₹48,000 crore. But he noted that since “the figure may be ...

The government decision to exempt GST on individual life insurance premiums is a welcome relief for customers. While the ...

Starting September 22, 2025, the GST on individual health and life insurance premiums will be slashed to zero. However, insurers are uncertain if they can fully pass on these benefits to customers due ...