# gst
12 posts in `gst` tag
CBI Nabs GST Officer in Nashik for 5 Lakh Bribe 19 Lakh Seized
The CBI has arrested a Superintendent of CGST & Central Excise in Nashik for allegedly accepting a 5 lakh bribe related to an ITC case. Raids led to the recovery of ₹19 lakh in cash and key documents. The officer is currently in police custody.
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By Krishna
GSTR-9 and GSTR-9C Filing for FY 2024-25 is Now Open
The GST portal has enabled GSTR-9 and GSTR-9C forms for FY 2024-25 starting October 12, 2025. Taxpayers can now file their annual returns and reconciliation statements before the December 31 deadline. Learn who needs to file and how to prepare.
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By Krishna
GSTN Clarifies: No Change in ITC Auto-Population from GSTR-2B to GSTR-3B
GSTN has issued a clarification confirming that the auto-population of Input Tax Credit (ITC) from GSTR-2B to GSTR-3B remains unchanged, even after the implementation of the Invoice Management System (IMS). GSTR-2B will continue to be generated automatically on the 14th of every month. This update helps clear confusion and reassures taxpayers that their filing process remains stable.
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By Krishna
GST Appeals Made Easier: Lower Pre Deposit Rules Under Finance Act 2025
The Finance Act 2025 brings relief to businesses by reducing the pre-deposit requirement for penalty only GST appeals from 25% to 10%. Tax appeals remain unchanged at 10%. Businesses can now use Input Tax Credit (ITC) for deposits, improving cash flow and easing compliance. These changes will be effective after CBIC notification.
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By Krishna
Provisional GST Refunds: Faster Relief for IDS-Affected Businesses
Starting October 1, 2025, businesses affected by inverted duty structure (IDS) can now receive 90% of their GST refund upfront. This move by CBIC aims to ease working capital pressure and improve cash flow for industries like textiles, footwear, and fertilizers. Learn how this change impacts your business and what steps you need to take.
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By Krishna
GST Changes from October 2025: What You Need to Know
Starting October 2025, the GST system will undergo major changes affecting how businesses file returns and claim input tax credit. Key updates include manual ITC acceptance, locked GSTR-3B liabilities, new credit note rules, and invoice-level TDS reporting. Businesses must adapt to stay compliant and avoid filing issues.
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By Krishna
GST Removed on Insurance But Agents Are Paying the Price
The government has eliminated the 18% GST on life and health insurance premiums effective October 1, 2025. While this benefits customers by lowering costs, insurance agents—especially those working with private insurers—are facing commission cuts of up to 18% due to the loss of input tax credit. Public insurers are absorbing the GST cost, but private companies are passing it on to agents.
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By Krishna
CBIC Announces 90% Quick Refund for Businesses A Major Relief
The CBIC has rolled out a provisional refund mechanism allowing eligible businesses to receive 90% of their GST refunds upfront from October 1, 2025. This move targets industries facing cash flow issues due to inverted duty structures and aims to accelerate business operations and growth.
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By Krishna
Compliance Calendar October 2025 – Key Tax and Regulatory Deadlines
October 2025 is packed with critical tax and regulatory deadlines. This blog highlights key dates for income tax, GST, MCA filings, EPF/ESI contributions, and audit-related submissions to help you stay compliant and avoid penalties.
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By Krishna
Invoice wise Reporting in GSTR-7: A Simple Guide for Business Owners
The GST portal now requires invoice wise reporting in Form GSTR-7 for all TDS deductors. This blog explains the change, its impact on deductors and suppliers, and provides a practical checklist to stay compliant and avoid mismatches.
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By Krishna
October Tax Compliance Deadlines You Can’t Afford to Miss
October is a crucial month for tax professionals and businesses in India, with multiple compliance deadlines across GST, TDS/TCS, ROC filings, income tax returns, and employee contributions. This blog provides a clear and actionable checklist to help you stay compliant, avoid penalties, and manage your filings efficiently.
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By Krishna
Major IMS Enhancements on GST Portal: What Businesses Need to Know
Starting October 2025, the GSTN has rolled out major updates to the Invoice Management System (IMS) that simplify compliance, improve transparency, and give taxpayers more control over invoice handling. This blog breaks down the key changes and what they mean for businesses.
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By Krishna