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 ...

GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.

GST circular clarifies trade discounts and credit notes, benefiting manufacturers, but FMCG distributors face blocked ITC and ...

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

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 ...

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 ...

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.