Blogs

  Introduction:

With the rollout of GST 2.0 and a series of rate revisions, businesses are facing widespread uncertainty on whether product MRPs and prices must be revised in line with the benefits of reduced tax rates. While anti-profiteering provisions under Section 171 of the CGST Act have formally lapsed from 1st April 2025, recent circulars from the Department of Consumer Affairs and interpretational nuances under the Legal Metrology Rules have reignited industry concerns. This...

Introduction:

It is frequently observed that exporters are burdened with substantial accumulated Input Tax Credit (ITC) lying un-utilised in their Electronic Credit Ledger. Despite exports being zero-rated supplies under GST, many exporters find themselves unable to monetise this accumulated credit by way of refund. In several cases, this problem persists even after filing refund applications for accumulated ITC.

Under the Goods and Services Tax (GST) regime, exports of goods and...

Introduction

The financial year 2025-26 witnessed various significant GST rulings and modifications in GST Act & Rules. Yet again, we see an impact on the interpretation of law and the manner of filing GST returns. Additionally, taxpayers are expected to ensure their vendor compliances alongside their own. This would require the implementation of strong internal controls, implementation of technology, introduction of an indirect tax SOP and regular training and update to the GST...