Blogs

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...

The GST has been introduced by subsuming various taxes levied by both Central and State Governments with an objective to remove cascading effect and to simplify the compliance under indirect taxes in India. While introducing the GST, the Hon’ble Prime Minister has mentioned GST as Good and Simple Tax. However, considering the issues that were faced after implementation of GST, the Government has made various amendments, issued multiple notifications and circulars which made the GST a...

Introduction:

Recently, the Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 254/11/2025-GST dated 27/10/2025 appointing the proper officers under Section 122, 74A, 75(2) of CGST Act, 2017 and Rule 142(1A) of CGST Rules, 2017. The circular has expressly stated that no proper officer has been assigned in respect of the above referred Sections and Rules prior to issuance of this circular. However, many of the taxpayers have received notices under Section 122...