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The New GST Order: Mastering ITC Reversal & Compliance Essentials
1. IntroductionThe 56th meeting of the GST Council (3rd September 2025) marks a significant turning point for GST rate structures and Input Tax Credit (ITC) Law, impacting various sectors and everyday...
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Taking Full Advantage of the Brand New GSTAT: A Comprehensive Guide for GST Appeals
1. Introduction to GSTAT OperationalizationThe 56th GST Council meeting brought several significant initiatives, but the most welcome development is the operationalization of the GST Appellate Tribuna...
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GST Input Tax Credit Framework: New Provisions Under Section 38 and Section 16(2)(ba) of CGST Act, 2017
1. Introduction to the AmendmentThe Central Goods and Services Tax Act, 2017 has undergone significant modifications through Section 122 of the Finance Act, 2025, which specifically amends Section 38...
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Revised Timeline for Submitting Appeals to GSTAT under Section 112: Staggered Filing Schedule
Overview of Staggered Appeal Filing under Section 112 of CGST Act, 2017The President of the Goods and Services Tax Appellate Tribunal (GSTAT) has instituted a compulsory staggered system for lodging a...
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Operation and Role of the GST Appellate Tribunal
Introduction to GST Appellate Tribunali) Role and Jurisdiction of GSTAT(a) The Goods and Services Tax Appellate Tribunal (GSTAT) represents the second appellate authority under the GST regime, authori...
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GST Regime on SUV Cars in India 2025: Updated Tax Rates, Categories, and Compliance
Overview The Goods and Services Tax (GST) landscape for Sport Utility Vehicles (SUVs) in India has seen significant changes following the 56th GST Council Meeting held in September 2025. These modific...
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Demystifying the 10% Margin Impact for Wholesalers Post-GST Rate Change
Background: GST Rate Modification and the Wholesaler’s DilemmaWhen GST rates are revised, as in the case where a product such as cement drops from 28% to 18% effective 22-September-2025, it raises con...
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GST Compliance Steps for Retailers Following GST Rate Amendments from 22-09-2025
IntroductionThe revision of GST rates effective September 22, 2025, requires retailers and shopkeepers to address several compliance aspects. The GST levy is determined based on the date of supply, so...
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Refund of Accumulated Input Tax Credit (ITC) under Inverted Duty Structure and Its Relationship with Anti-Profiteering Provisions
Introduction to Recent GST Rate Rationalization and Its Impact on ITCi) GST Council’s Rate Revisions and Potential ITC AccumulationIn its 56th session, the GST Council resolved to streamline the tax s...
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GST Council’s Rate Rationalization and Its Effects on Inverted Duty Structure (IDS) Refunds: Detailed Analysis
Introduction: GST Council’s Recent Steps to Tackle IDS Refund IssuesThe 56th GST Council meeting ushered in significant changes aimed at alleviating the challenges posed by the Inverted Duty Structure...
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Transforming Healthcare in India: The Impact of Recent GST Reforms
Introduction: GST Overhaul in Healthcare and InsuranceThe Indian healthcare and insurance landscape is undergoing a significant transformation following the decisions made at the 56th GST Council meet...
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Transition to GST 2.0: Comprehensive Guidance for Wholesalers and Retailers from 22.09.2025
Overview of GST 2.0 Rate RationalizationThe introduction of GST 2.0, effective from September 22, 2025, marks a significant overhaul of the Indian GST framework. The previous four-tier system of 5%, 1...
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Karnataka High Court Notes Optional Approach for Re-Stickering MRPs After GST Reduction
1. IntroductionThe Karnataka High Court has acknowledged the Union Government’s updated stance regarding the labeling of revised Maximum Retail Prices (MRPs) on unsold stock following a reduction in G...
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Refund of Unutilized Input Tax Credit upon Business Closure under GST: Analysis of SICPA India Private Limited vs. GST Authorities
Background and Key Eventsi. Parties Involved and Business CircumstancesSICPA India Private Limited, a company specializing in security inks and related solutions, was registered for GST in the state o...
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Revised Article: Zero GST on Health Insurance in India: An Analytical Perspective on Reform, Global Practices, and Potential Pitfalls
Introduction: Evolution of Health Insurance Taxation in Indiai) Shifting Trends in Health Insurance PenetrationHealth insurance has historically experienced minimal uptake in India, as individuals wer...
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GST 2.0: Rate Reductions—Implications for Unregistered Retailers
Introduction: GST Rate Reductions and Their Unintended ConsequencesThe introduction of the Goods and Services Tax (GST) was intended to harmonize India’s indirect tax system and create a seamless mark...
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GST Rate Rationalization and Effective ITC Management After the 56th GST Council Meeting
Overview of GST Rate Rationalization Post-56th Council MeetingThe 56th meeting of the GST Council has brought in significant changes from 22 September 2025, aiming to simplify the rate structure by re...
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GST 2.0: Reshaping India’s Indirect Tax Landscape
Introduction to GST 2.0: A New Era in Indirect TaxationGST 2.0 signifies a major overhaul of India’s indirect tax system, focusing on simplifying the rate structure and easing compliance for assessees...
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GST 2.0: Practitioner’s Guide to Compliance and Preventive Measures for Upcoming Assessment Years
1. OverviewThe rollout of GST 2.0, commencing from September 22, 2025, represents a pivotal evolution in India’s indirect taxation regime. This guide offers a comprehensive compliance matrix tailored...
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Rule 42 of GST: Proportionate Reversal of Input Tax Credit (ITC) on Inputs and Input Services in Case of Exempt Supplies
OverviewRule 42 of the Central Goods and Services Tax Rules, 2017, lays down the framework for the proportionate reversal of Input Tax Credit (ITC) relating to inputs and input services, when a regist...