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

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

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

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 took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...

A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow ...

Explore India's 2025 GST rate changes under GST 2.0—simplified tax slabs, reduced rates on essentials, and a new 40% luxury ...

GST Council eases concerns in fertilizer sector, aligning input tax rates with finished products, but ITC accumulation ...

From today, everyday essentials such as soaps, hair oil, and shampoos, along with items like two-wheelers and cars, have ...

Govt said next phase of GST reforms, including jet fuel & other petroleum products, won’t be taken up for at least a year ...

Shashank Priya, special secretary and CBIC member, says focus is on consolidating GST 2.0 reforms; industry told to adjust to ...