Blog tagged as Changesingst

Normally in GST, the tax you pay on raw materials (inputs) can be adjusted against the tax you collect on sales (output).

Businesses often face small mistakes in GST invoices – a wrong GSTIN, spelling errors, or address mismatches. But can such technical errors lead to denial of Input Tax Credit (ITC)?

The Goods and Services Tax Network (GSTN) has introduced new features in the Invoice Management System (IMS) to make GST compliance simpler, more transparent, and less burdensome for taxpayers.

The Goods and Services Tax (GST) has changed the way we pay taxes, but as rates undergo another round of rationalization in 2025, taxpayers wonder: What’s going to get cheaper, and what won’t?

The Bombay High Court ruled this tiny wording gap meant full capital gains exemption — zero tax on ₹1.08 crore.