Tax Guru

GST Refunds for OEMs Under Inverted Duty Structure

OEMs can now claim GST refunds for unutilized Input Tax Credit (ITC) caused by an Inverted Duty Structure (IDS). This helps ...
Tax Guru

GST Council Rate Cuts Reduce Inverted Duty Structure Refunds

GST Council Meeting reduced rates on over 100 goods to correct Inverted Duty Structure (IDS), aiming to cut ITC refunds and propose 90% provisional refunds for faster cash ...

GST Council fast-tracks refunds under inverted duty structure: What to know

From Nov 1, firms facing an IDS will get 90% refunds upfront. Here's all you need to know about inverted duty structure & changes made during the 56th GST Council meet ...
来自MSN

GST Exemption On Insurance: Here’s Why You Can’t Claim GST Refund After Sept 22

New Delhi: If you’ve recently paid a multi-year insurance premium, here’s an important update. Starting September 22, 2025, the GST on individual life and health insurance premiums will drop to 0 per ...

New GST rates from September 22, 2025: Step-by-step guide to update your software

New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...

Exercise, notebook manufacturers urge govt to revisit GST rates due to inverted duty structure

The rate structure post the rationalisation makes the notebooks industry as the only one whose primary raw material in the value chain are taxed at 18 per cent, and the end product exempt from tax, ...