Input Tax Credit, intended as GST’s backbone, has become a major litigation driver due to strict conditions like supplier tax payment requirements and procedural mismatches. Courts continue to grapple ...
The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, ...
The finance ministry on Tuesday issued clarifications on input tax credit rules under the revised GST framework effective September 22, tightening provisions for insurers, hotels and select service ...
The recent cut in goods and services tax (GST) rates on several consumer items is expected to block the working capital for stockists, distributors and retailers holding inventory for a short period, ...
In what may be termed as an important judgement for Goods and Services Tax (GST) registered taxpayers, the Supreme Court on May 19, 2025, allowed using input tax credit (ITC) to pay the mandatory ...
Hosted on MSN
New GST rule: Input Service Distributor mechanism takes effect from April 1; details here
Starting April 1, a significant change is imminent in the GST system with the enforcement of the Input Service Distributor (ISD) mechanism. This mandatory alteration is designed to ensure that state ...
Many insurance portfolios still left for insurers to avail input tax credit, says FM Sitharaman as she defends slashing GST to zero (AI-generated image) Defending the GST Council’s move to bring down ...
A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow pressure for FMCG distributors due to accumulated input tax credit.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results