Uncategorized

Introduction India’s Goods and Services Tax (GST) framework is set for another round of compliance reforms, with changes expected to be introduced in phases from November 1, 2026. The measures follow the recommendations of the 57th GST Council meeting held on October 8, 2026, and focus on simplifying tax compliance, improving the flow of Input

Introduction The Goods and Services Tax Network (GSTN) has announced an enhancement to the GST e-invoicing system to support recipient-generated self-invoices for specified transactions covered under the Reverse Charge Mechanism (RCM). The new facility introduces two supply-type codes: RCMDOM and RCMIMP. These codes are intended to help eligible registered taxpayers report self-invoices for specified domestic

Introduction Starting or expanding a business in India involves more than registering a company and obtaining a GST number. Depending on the nature of the business, its manufacturing process, and its potential impact on the environment, it may also need permission from the relevant State Pollution Control Board. Pollution Control Board consent is an important

Introduction The 57th GST Council meeting, held on 8 October 2026, introduced a series of recommendations aimed at making India’s Goods and Services Tax (GST) system simpler, more transparent and business-friendly. Rather than focusing on a broad revision of GST rates, this meeting concentrated on practical challenges faced by businesses, including GST registration delays, refund

Introduction Filing GST returns accurately and on time is an essential responsibility for businesses registered under the Goods and Services Tax (GST) system in India. Two important GST forms that regular taxpayers commonly need to file are GSTR-1 and GSTR-3B. Although both forms relate to GST compliance, they serve different purposes. GSTR-1 reports details of