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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 […]
A streamlined tax system in India has been navigated via the introduction of the Goods and Services Tax (GST). For the businesses, one of the complex things in this system is the Reverse Charge Mechanism (RCM). With RCM, the buyer takes that obligation to pay the tax instead of the seller. Business finds it hard […]
On 17th September 2025, the CBIC announced the CGST 3rd Amendment Rules, 2025, via Notification No. 13/2025. Effective from 22nd September 2025, these amendments introduce key changes in the reporting of Input Tax Credit (ITC) in the Annual Return Form GSTR-9. Key Changes in ITC Reporting Under GSTR-9 Implementation Timeline and Compliance Implications From 22nd […]
Shri Shivraj Singh Chouhan, Union Minister for Agriculture & Farmers’ Welfare, and Rural Development, will address a meeting to discuss GST reforms of the agriculture sector. The representatives of the Tractor and Mechanisation Association (TMA), Agricultural Machinery Manufacturers Association (AMMA), All India Combine Harvester Manufacturers Association (AICMA), Power Tiller Association of India (PTAI), and other […]
Recently, the government announced that reducing the Goods and Services Tax (GST) on the renewable energy value chain from 12% to 5% is projected to lower the annual power procurement costs for distribution utilities (discoms) nationwide by approximately Rs 3,000 crore. This change is expected to significantly support the financial sustainability of discoms and enhance […]
Starting Sept 22, 2025, the CBIC has announced that local delivery services, including those for groceries, food, and essential items ordered online, will be subject to an 18% Goods and Services Tax (GST). This change may lead to increased costs for consumers making online purchases. In its most recent FAQ, the CBIC clarified the application […]
A notification was issued by the Ministry of Finance on September 17, 2025, outlining the deadlines for submitting appeals to the GST Appellate Tribunal, which is the authority that handles disputes related to the Goods and Services Tax (GST). This is part of the rules established in the GST law that was enacted in 2017. […]
On Wednesday, the Ministry of Finance released a Gazette notification that updates the Goods and Services Tax (GST) rate framework in accordance with the Central Goods and Services Tax Act of 2017. This revision aims to enhance the efficiency and clarity of the GST system. The revised rate schedule supersedes the notification of June 28, […]
Now you can save some amount while you buy your daily groceries as Mother Dairy has declared a cut in the cost of select dairy products, including milk (tetra pack), butter, ice creams, and processed foods under the Safal brand. After the reforms in GST, the rate reduction has arrived, which shall come into force […]
