Gst rate changes 2025 Rate changes affect the entire supply chain—from manufacturers’ working capital to dealers’ ITC and customer pricing. Timing of supply, invoicing, and payment is critical under Section 14 of the CGST Act to determine applicable rates. ITC implications are significant—reversals, blocked credits, or adjustments must be managed carefully for compliance. Summary of […]

How Revenue Leakage is undetected? Scope Revenue leakage is silent, invisible—and expensive. While businesses focus on sales growth,operational expansion, or cost controls, unnoticed leaks in revenue processes can quietly eat yourprofits. We will explores how periodic MIS, automation, and internal audit can safeguard your revenue streams, enabling you to shift focus from fire-fighting to strategic […]

GST: HUF as Taxable Person under GST: Scope The definition of a ‘person’ under GST law includes a Hindu Undivided Family (HUF) as 2 (84) of CGST Act, 2017. HUF comes into existence automatically upon the marriage of a Hindu, Jains and sikhs which continues through sons and daughters are coparceners, with daughters having equal […]

GST on Discounts or Incentives Given After Supply – Sec 15(3)(CGST Act, 2017 Scope The amendments introduced in the 54th GST Council Meeting impact the metal scrap industry by mandating specific compliance requirements for GST under Reverse Charge Mechanism (RCM) and Tax Deducted at Source (TDS). Effective from October 10, 2024, these changes affect purchases […]

GST on Discounts or Incentives Given After Supply – Sec 15(3)(CGST Act, 2017 Scope According to Section 15 (3) of the CGST Act, the value of supply shall exclude discounts if they were known at or before the time of supply and are duly linked to relevant invoices. Discounts provided afterward are permissible only if […]

GST: Service of Notice, order, summon etc—Section 169 of CGST Act, 2017 Scope The scope section discusses modes of service for decisions, orders, summons, notices, or other communications under the Central Goods and Services Tax (CGST) Act, 2017, specifically focusing on Section 169 and Section 160 (2). These sections outline legally recognized methods for serving […]