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 ...

According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden, and increasing transparency in the return filing process ...

GST rate rationalization (22.09.2025) shifts to 5% and 18%. Learn the impact on wholesalers and retailers, and find solutions for inventory, pricing, and ITC ...

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

Experts flag input tax credit blockage for FMCG distributors despite GST relief. Circular shifts compliance, cash-flow ...

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