Blogs
Price Revision on account of GST 2.0 – All You Need to Know (Practical FAQ’s)
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...
Read moreExports with payment of tax: An Overlooked Route for Monetising Capital Goods Credit under GST
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...
Read more