GST Council fast-tracks refunds under inverted duty structure: What to know

From Nov 1, firms facing an IDS will get 90% refunds upfront. Here's all you need to know about inverted duty structure & changes made during the 56th GST Council meet ...
Tax Guru

GST Council Rate Cuts Reduce Inverted Duty Structure Refunds

GST Council Meeting reduced rates on over 100 goods to correct Inverted Duty Structure (IDS), aiming to cut ITC refunds and propose 90% provisional refunds for faster cash ...

New GST rates from September 22, 2025: Step-by-step guide to update your software

New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...
Tax Guru

GST Refunds for OEMs Under Inverted Duty Structure

OEMs can now claim GST refunds for unutilized Input Tax Credit (ITC) caused by an Inverted Duty Structure (IDS). This helps manage cash flow for ...

GST Council likely to focus on easing compliance, procedural reforms in next meeting

GST Council’s next meeting may ease compliance, address ITC refund issues, include electricity & gas under GST, and propose ...