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

The industry may push for a new refund mechanism, but this would be difficult for the government to allow, given the high ...

GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.

GSTN's new advisory introduces changes to the Invoice Management System, including an option to keep credit notes pending and a facility to declare ITC reversal ...

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

According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden ...

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

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

Compare the best unsecured business loans, including their types and terms, to determine the best option for you ...

First Brands Group’s cash crunch was exacerbated when some of its funds were recently seized during a transfer between banks, pushing the embattled US auto parts supplier closer to the verge of a ...

The best students are self-directed and develop their own learning tools and resources. Founders should take note.