GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.
The government's new GST circular clarifies the treatment of trade discounts and credit notes but increases compliance and ...
New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...
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GST Circular Brings Clarity For Manufacturers, But FMCG Distributors Face Cash Flow Pressures
The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, ...
Experts flag input tax credit blockage for FMCG distributors despite GST relief. Circular shifts compliance, cash-flow ...
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