Recent GST changes simplify post-sale discounts via Credit Notes, mandate invoice-wise TDS reporting in GSTR-7, impose a 3-year limit on filing old returns, and introduce electronic filing for GSTAT ...
The Invoice Management System (IMS) ends automatic ITC population in GSTR-3B from Oct 2025. Taxpayers must Accept, Reject, or Pend B2B invoices via the GST ...
GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.
The government's new GST circular clarifies the treatment of trade discounts and credit notes but increases compliance and ...
New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...
ABP News on MSN
GST Circular Brings Clarity For Manufacturers, But FMCG Distributors Face Cash Flow Pressures
GST circular clarifies trade discounts and credit notes, benefiting manufacturers, but FMCG distributors face blocked ITC and ...
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 ...
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