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 ...
In a clarification issued by the Central Board of Indirect Taxes and Customs (CBIC) on various doubts related to treatment of secondary or post-sale discounts under the Goods and Services Tax (GST) ...
Experts flag input tax credit blockage for FMCG distributors despite GST relief. Circular shifts compliance, cash-flow pressure.
The industry may push for a new refund mechanism, but this would be difficult for the government to allow, given the high ...