GST 2.0 reforms effective Oct 1, 2025: streamlined rates (5%, 18%), mandatory IMS for ITC verification, GSTR-3B locking, and new credit note reversal ...
Recent GST changes simplify post-sale discounts via Credit Notes, mandate invoice-wise TDS reporting in GSTR-7, impose a 3-year limit on filing old returns, and introduce electronic filing for GSTAT ...
A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow pressure for FMCG distributors due to accumulated input tax credit.
BANGALORE/MUMBAI: The recent cut in goods and services tax (GST) rates on several consumer items is expected to block the working capital for stockists, distributors and retailers holding inventory ...
If you are a goods and services tax (GST) registered taxpayer and want to claim any pending input tax credit (ITC) for FY 2023-24 or amend any errors or omissions under GST then note the last date to ...