A note by Nuvama said the RBI may first evaluate the impact of GST rationalisation on consumption before considering a rate ...

India’s economy will likely grow slower than earlier anticipated, with the Asian Development Bank (ADB) trimming its FY26 ...

The Goods and Services Tax (GST) rates, revised by the GST Council, became effective on September 22, 2025, necessitating immediate updates to accounting software for GST-registered businesses. , ...

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, ...

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 ...

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

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

No ITC reversal required for financial credit notes. Explains when discounts are 'consideration' or payment for ...

A talk during The Hindu Mind event, regarding the GST Council did not discuss compensating States for revenue loss due to rate cuts, increasing dependence on Centre.

Speaking about the Bachat Utsav, Sitharaman said the campaign has gained strong momentum since its launch on September 22. , ...

GSTN has announced major changes to the Invoice Management System (IMS) effective October 2025. Key updates include pending ...