A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow ...

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

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 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. , ...

Festive offers appear more substantial with GST cuts, but be sure to track MRPs and EMIs before swiping the card.

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

GSTN clarifies that the Invoice Management System (IMS) implementation does not change GSTR-2B auto-population or its timing. Credit Note handling offers new flexibility for ...

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

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

The Invoice Management System (IMS) ends automatic ITC population in GSTR-3B from Oct 2025. Taxpayers must Accept, Reject, or Pend B2B invoices via the GST ...