GST Council Proposes Major Measures to Simplify Compliance The GST Council has recommended a series of reforms aimed at reducing compliance burden, improving ease of doing business, and making GST processes more taxpayer-friendly. Here are the key highlights: 🔹 Hearing Before ITC Blocking Current Position Electronic Credit Ledger may be blocked under Rule 86A. Proposed …
key recommendations of the 57th GST Council Meeting held on 8 October 2026. The 57th GST Council recommendations indicate a clear shift from “officer-driven GST administration” → “Technology-driven GST administration.” Major winners would be MSMEs, e-commerce sellers, exporters, manufacturing companies facing inverted duty structures, businesses suffering from refund delays, and taxpayers facing minor compliance defaults. …
GST treatment of Corporate Guarantees Between related party summarizes an important Gujarat High Court judgment in Torrent Investment Pvt. Ltd. v. Union of India (R/SCA/12175/2024) regarding the GST treatment of corporate guarantees provided between related parties. What is a corporate guarantee? A corporate guarantee is a guarantee provided by a holding company, parent company, or …
GSTN Revises Timeline for Amendment of Aggregate Annual Turnover for FY 2025-26 GSTN through its advisory dated 1 July 2026, has revised the timeline for amendment of aggregate annual turnover for financial year 2025-26 on account of system enhancements that enable automatic updatio of aggregate annual turnover based on subsequent Goods and Services Tax return …
GST Implications on Sale of Old Vehicles vis‑à ‑vis Sale of Other Used Capital Goods Some Tamil Nadu AAR judgments that a business must pay Goods and Services Tax on the entire transaction value while selling an outdated car have sparked a lot of debate. This interpretation, in my opinion, is inaccurate and lacking, especially when …
LIST OF GOODS FOR WHICH E‑WAY BILL IS NOT REQUIRED Goods Exempt from E-Way Bill (Rule 138(14) – GST) GST‑exempt goods listed under the Schedule that are fully exempt from E‑Way Bill requirements, regardless of value limits (As per Schedule under Rule 138(14); -A waybill is not required for essential, unprocessed, and socially sensitive goods, …
Comparison Matrix: Stock Transfer vs. Branch Transfer under GST A Technical Analysis for Multi-Registration Businesses GST fundamentally changed the tax consequence of inter‑unit movements. What was a mere “stock transfer” under Central Excise/VAT is now often treated as a taxable supply when it occurs between GST registrations of the same legal entity. For businesses operating …
New ITC Set-Off Rules (Effective Jan 2026): Big Relief for GST Taxpayers The GST compliance landscape is becoming more taxpayer friendly. The rigid Input Tax Credit utilization sequence has now been relaxed, giving businesses greater flexibility in managing their GST liabilities and improving working capital efficiency. You are absolutely right. this is a portal-level filing …
GST Portal Update: GSTR-3B Will Be BLOCKED for ITC / RCM Ledger Mismatch Goods and Services Tax Network has introduced system-based validations in GSTR-3B filing for Electronic Credit Reversal & Reclaim Ledger & Reverse Charge Mechanism Liability & ITC. Goods and Services Tax Network has moved from soft warnings to hard system validation. If the …
Overview on Latest GST Amendments for FY 2024–25 & FY 2025–26 India’s GST framework has shifted towards real-time compliance via tools like the Invoice Management System, mandatory multi-factor authentication, and invoice validation, minimizing discrepancies in input tax credit claims and easing audits.​ GST is moving towards real-time compliance, system-based controls, and accountability. Proactive monitoring = …