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The GST council, in its forthcoming 57th GST meeting, may focus on additional revisions to facilitate the procedure and policies. In the next meeting of the GST council, the process of registration, refund, and audit can be facilitated, a Finance Ministry official stated. The latest provisions for direct taxes in the Finance Bill are directed […]
The Gross GST collection of the state has registered collections of ₹13,971 crore, a rise in the rate of 22.35%, during the first half of the financial year (April–September). It is an effective rise compared to ₹11,418 crore GST collected in the same period last year, Finance Minister Harpal Singh Cheema cited. “Over the first […]
The All India Notebook Manufacturers Association (AINMA) has raised noteworthy problems about an inverted duty structure after the recent GST rate rationalisation. On books and notebooks, the GST rate was already cut to zero by the 56th GST council meeting, and the tax on paper and paper boards was increased to 18%. According to the […]
From 22 September 2025, the revised Goods and Services Tax (GST) rates will come into force, which were notified by the GST council, impacting businesses across sectors. GST-registered taxpayers who follow the updated rate must update their GST software. This article offers a comprehensive guide using Gen GST Software as an example. It explains how […]
As per the circular issued by the government, the treatment of trade discounts and credit notes under the Goods and Services Tax (GST) regime; however, the experts caution that it may shift compliance and cash flow burdens onto FMCG distributors. Credit Notes and GST ITC According to GST circular 251, financial or commercial credit notes […]
In a case about the rejection of the GST ITC claim due to allegations of a non-existent entity and fake invoices, the Orissa High Court mandated the parties to avail the statutory remedy and disregarded the petition. The applicant, Amit Metalics Company has contested the order on 1st July 2025 passed under section 74 of […]
A crucial update will be implemented on the GST portal by the Goods and Services Tax Network (GSTN). This amendment could permanently block your Input Tax Credit (ITC). Let’s find out how. Three years after the due date for filing GST returns, the GSTN declared that taxpayers would be unable to furnish their GST returns. Taxpayers have not […]
From December 2025, India’s long-awaited GST Appellate Tribunal (GSTAT) is set to begin hearings, which will furnish long-overdue relief for thousands of taxpayers caught in prolonged litigation. More than 14000 GST cases were due as of June 2023 in the States and courts, because of the absence of a functional tribunal. After it is in […]
The Rajasthan High Court has annulled Point No. 2 of Circular No. 181/13/2022-GST, issued on November 10, 2022. This specific point restricted the claims for Input Tax Credit (ITC) related to the inverted duty structure for transactions made before July 18, 2022. A bench comprising Justices Dinesh Mehta and Sangeeta Sharma observed that the clarification […]
