GST
Explore the world of Goods and Services Tax (GST) with our comprehensive guide. Learn about GST rates, compliance, benefits, and its impact on businesses and consumers. Stay informed about the latest GST updates and ensure you're making the most of this taxation system.
Created on: 09/10/2025
GST Return Filing Due Dates in September 2025
This quick-reference guide lays out all key GST return due dates for September 2025 — including deadlines for GSTR-7, GSTR-8, GSTR-1, IFF (QRMP), GSTR-6, GSTR-5, GSTR-3B and GSTR-5A — plus practical notes on why on-time filing matters and a simple table you can use as a checklist.
Created on: 09/08/2025
GST Rate Changes: Your Essential Guide to Stock ITC Recovery & Reversal
This blog post provides a comprehensive guide to the upcoming GST rate changes in India, effective 22 September 2025, focusing specifically on the implications for Input Tax Credit (ITC) on stock. It explains the new simplified tax slab structure (5%, 18%, 40% for luxury goods) and details how businesses should handle ITC for stock purchased before the changes, supplies made after the changes, and unsold old inventory. The post offers practical advice on identifying stock, claiming eligible ITC, reversing ITC where necessary, seeking manufacturer support, and maintaining audit-ready records to navigate this significant tax transition effectively.
Created on: 09/08/2025
Breaking: No Relief in GST, A Big Blow to the Indian Media Industry
This blog post analyzes the impact of the latest GST reforms on the Indian media industry. It highlights how, despite appeals from media and advertising groups, the sector received no significant relief regarding tax parity for digital publications, input tax credit access, or flexible tax payment timing. The article details the approved reforms that benefited other sectors and consumers, contrasting them with the ignored pleas of the media, leading to concerns about worsening the digital divide, liquidity pressure, and hindered cost recovery. It concludes that the lack of targeted reforms poses a major setback for innovation, job creation, and overall growth in the Indian media landscape.
Created on: 09/06/2025
Goods & Services Now Under 40% GST Slab, Effective from 22 September 2025
India is set to implement GST 2.0 from September 22, 2025, introducing a new 40% GST rate for "sin" and luxury goods. This reform simplifies the existing tax structure, lowers GST on essentials, and aims to balance public health with revenue generation. The move will benefit households with reduced costs on necessities, while consumers and industries dealing with luxury and harmful products will face higher taxes.GST 2.0: India Introduces New 40% Tax Slab for Luxury & Sin Goods
Created on: 09/04/2025
Historic Diwali Gift for the Nation: Next-Gen GST Reform
This blog details the significant GST cuts introduced as a 'Diwali gift' for the nation. It highlights how these reforms aim to simplify the tax structure and ease financial burdens across various sectors including daily essentials, agriculture, healthcare, education, and certain electronic appliances and vehicles, ultimately fostering a self-reliant India. The article also touches upon process reforms and a positive message from the Prime Minister.
Created on: 08/30/2025
Taxpayers Alert: Major Updates in GST Refund Rules
The Goods and Services Tax Network (GSTN) has significantly revamped its refund system, introducing a unified application form (RFD-01), enhanced document uploads, real-time tracking, and integration with PFMS for faster disbursements. This blog details these crucial updates, explaining how they streamline the refund process for taxpayers, promote transparency, and minimize delays, ensuring timely receipt of their legitimate refunds.
Created on: 08/29/2025
Indian Multiplexes Urge Government for GST Rationalisation on Tickets and F&B
Indian multiplex chains are lobbying the government for a reduction in GST on movie tickets and the allowance of input tax credit (ITC) on food and beverages. They argue these reforms are crucial for making cinema more affordable, boosting industry growth post-pandemic, and competing with OTT platforms. While the Multiplex Association of India proposes a new tiered GST structure, industry opinions vary on whether pricing or content quality is the ultimate driver for audience footfall.
Created on: 08/29/2025
States Push for Tough Steps to Stop Profiteering from GST Cuts
The GST Council is set to meet on September 3-4 to review GST 2.0 reforms. States want strict rules to prevent profiteering so that GST rate cuts actually benefit consumers. Key proposals include a temporary anti-profiteering law, consumer complaint platforms, and tighter monitoring of sensitive sectors. Businesses, however, warn about compliance costs and pricing disruptions.
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Created on: 07/21/2025
Important Update for Cancelled Composition Taxpayers Regarding GSTR-3A Notices!
This blog post discusses a common issue for composition taxpayers whose GST registration was canceled before April 1, 2024, or who have already submitted GSTR-4 but received GSTR-3A notices. It explains that these notices result from a system error and can be ignored by the taxpayers affected, meaning no further action is needed. The post also provides guidance on how to raise complaints about other GST-related problems.
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Created on: 07/17/2025
GST Portal Update: Appeal Against Waiver Order (SPL-07) Rejection Now Live!
The GST Portal has introduced a crucial update enabling taxpayers to file appeals (Form APL-01) against rejection orders (SPL-07) issued under the GST Amnesty Scheme. This provides a vital recourse for businesses whose applications for penalty and interest waivers were denied. This detailed guide covers the context of the amnesty scheme, the significance of this new online appeal functionality, critical points to consider before filing (like the 'no withdrawal' policy and pre-deposit requirements), and a comprehensive step-by-step process for filing the appeal on the GST Portal.
Created on: 06/26/2025
Easier Reporting: GSTR-7 and GSTR-8 Forms Get Updated!
This blog explains the significant updates to GSTR-7 (TDS) and GSTR-8 (TCS) forms, effective February 11, 2025, aimed at enhancing transaction data detail. It covers the 'why' behind these changes, the expected new reporting requirements (with a crucial note on the GSTR-7 invoice-wise reporting deferment), who is affected, and actionable steps for businesses to prepare for smoother GST compliance and reconciliation.
Created on: 06/19/2025
Important GST Update: Act Now! Returns Barred After 3 Years from August 1, 2025
This blog post provides an important update on GST for all registered businesses in India. Starting August 1, 2025, the GSTN will permanently prevent the filing of any GST returns that are more than three years overdue, according to the Finance Act, 2023. The article gives examples, such as GSTR-1 for June 2022 and GSTR-9 for FY 2020-21, to show the impact. It strongly urges taxpayers to reconcile their records right away and file any pending returns. The article discusses the serious consequences of not complying, including losing Input Tax Credit and facing legal troubles. It stresses the need to act now to prevent permanent blocking on the GST portal.