Can My Client Claim Input Tax Credit (ITC) on Construction of Conventional Hall? When clients invest in constructing a conventional hall, a common question arises: Is the GST paid on construction eligible as Input Tax Credit (ITC)? The answer is nuanced and depends on several factors under GST law and recent Supreme Court rulings in India. GST … Read more
Invoice-Wise Reporting in Form GSTR-7 Now Mandatory from September 2025 The Goods and Services Tax Network (GSTN) has rolled out a major update for all TDS deductors. Starting from the September 2025 tax period, invoice-level reporting in Form GSTR-7 has become mandatory. This change has been implemented in line with Notification No. 09/2025 – Central … Read more
Advisory to File Pending GST Returns Before Expiry of 3 Years The Goods and Services Tax Network (GSTN) has issued an important advisory reminding taxpayers about the upcoming deadline for filing pending GST returns. Starting from October 2025, taxpayers will no longer be able to file certain GST returns if the due date has already … Read more
GST Update: New Changes in Invoice Management System (IMS) Effective October 2025 The Goods and Services Tax Network (GSTN) has issued an advisory regarding new updates in the Invoice Management System (IMS) to make GST compliance easier for taxpayers. These changes aim to reduce unnecessary burdens, give more flexibility in handling invoices and credit notes, … Read more
GST Annual Return Exemption for FY 2024–25 Onwards – CBIC Notification No. 15/2025 Explained The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 15/2025 – Central Tax dated 17th September 2025, bringing relief to lakhs of small taxpayers. As per this notification, registered taxpayers with an annual aggregate turnover of up … Read more
