Experts flag input tax credit blockage for FMCG distributors despite GST relief

GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.
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GST Reforms: Clarity for Manufacturers, Challenges for Distributors

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

GST Circular Brings Clarity For Manufacturers, But FMCG Distributors Face Cash Flow Pressures

GST circular clarifies trade discounts and credit notes, benefiting manufacturers, but FMCG distributors face blocked ITC and ...

New GST Rates from September 22, 2025: Complete Step-by-Step Guide to Updating Your Software

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.