Understand the implications of GST rate changes on outward supplies, input tax credit, and tax liability. Learn how to handle billing, credit notes, and ...
Clarifications for retailers on new GST rates from Sept 22, 2025: applying revised rates to stock, ITC reversal for exempt supplies, and use of accumulated ...
GST 2.0 introduces a simplified tax structure, reduces rates on essentials, and supports MSMEs, boosting economic growth ...
The 56th GST Council, convened on September 3, 2025, announced significant GST regime revisions effective September 22, 2025. These changes streamline the tax structure to two rates: 5% for essential ...
GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.
The Goods and Services Tax Network (GSTN) has announced the implementation of three important changes to the GST portal, which affect the business of buyers, sellers and transporters equally. All of ...
According to a fresh set of FAQs from the Central Board of Indirect Taxes and Customs (CBIC), insurance companies will not be eligible for input tax credit (ITC) following the complete exemption of GS ...
In 2024-25, 72 lakh workers were employed through tripartite contracts with flexi-staffing firms and client companies across ...