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 ...
According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden, and increasing transparency in the return filing process ...
In an effort to streamline the GST registration process and eliminate unnecessary bureaucratic hurdles, the Central Board of Indirect Taxes and Customs (CBIC) has issued new instructions aimed at ...
New GST instructions (06/2025) detail risk-based provisional sanction of 90% refund for zero-rated supplies and IDS claims filed on/after Oct 1, ...
On September 3, Finance Minister Nirmala Sitharaman revealed GST reforms, simplifying the structure to two rates of 5% and 18 ...
The rate rationalisation is meant to leave more disposable income in the hands of people, which is seen spurring household ...
Follow TNM’s WhatsApp channel for news updates and story links.The government, on Wednesday, September 3, said that in order to continue with ease of ...
Rationalisation of the GST framework - a process that began this morning with Finance Minister Nirmala Sitharaman chairing a GST Council meet - is based on sharp differences in revenue collected under ...
GST Appellate Tribunal (GSTAT) to start hearings by December, reducing litigation and freeing working capital for MSMEs and exporters. With 116 members, 32 benches, and 45 locations, GSTAT aims to ...
The complicated GST slabs that gave headaches to small traders after the flagship tax overhaul came into effect eight years ago, was cleaned up by the government today, leaving only two slabs -- 5 and ...
The bulletin states that the GST Council has introduced important changes (rate rationalisation and process simplification), ...