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The introduction of the Goods and Services Tax (GST) in July 2017 marked a major shift in India’s indirect tax landscape. For businesses operating across multiple states under a single Permanent Account Number (PAN), one of the critical challenges has been the management and fair distribution of Input Tax Credit (ITC) on common services. While companies had the option to choose between the ISD (Input Service Distributor) route or the cross-charge method to allocate ITC, this choice will no longer be available starting April 1, 2025.
The Goods and Services Tax Network (GSTN), in collaboration with the National Informatics Centre (NIC), has taken a significant step forward in improving the efficiency and reliability of the E-Way Bill system by introducing E-Way Bill 2.0, effective from 1st July 2025. This upgraded version aims to provide enhanced inter-operability between the existing E-Way Bill 1.0 and the newly launched E-Way Bill 2.0 portals. A major technological advancement in the logistics and compliance ecosystem, E-Way Bill 2.0, developed by NIC, will operate in tandem with the existing E-Way Bill 1.0 portal.
The Goods and Services Tax (GST) is a unified tax system introduced to replace the maze of indirect taxes once levied by both central and state governments. In India, GST has brought simplicity, reduced tax evasion, and helped build a single national market. But GST isn't just one tax—it’s classified in different ways depending on what’s being sold, who’s selling it, and where the transaction is happening. But GST isn't just one tax—it’s classified in different ways depending on what’s being sold, who’s selling it, and where the transaction is happening.
A Casual Taxable Person (CTP) under GST is someone who doesn’t have a fixed place of business in a particular state or union territory but still wants to sell goods or offer services there even if it’s just for a short time. This could be an individual or a business that attends events such as trade fairs, exhibitions, or seasonal markets.Even though they don’t operate there regularly, they still need to register under GST and follow all the usual rules. Whether they’re selling on their own behalf or representing someone else, they’re treated just like any regular taxpayer – just on a temporary basis.
The Goods and Services Tax Network (GSTN) has shared a new advisory for taxpayers using the QRMP (Quarterly Return Monthly Payment) scheme. This update is important for anyone who wants to file a GST refund or is facing issues while doing so. In May 2025, the GST portal introduced a new system check. This check helps ensure that taxpayers follow all rules before applying for a refund. It was designed to improve compliance and make refund processing smoother. However, after the update, some QRMP taxpayers started facing problems when filing their refund applications.
The Goods and Services Tax (GST) in India is an all-encompassing, multi-level, destination-oriented tax implemented on the incremental value of goods and services throughout the supply chain. This tax system, which came into effect on July 1, 2017, following the 101st Amendment of the Indian Constitution, aimed to streamline the myriad of indirect taxes previously imposed by both central and state governments into a singular tax framework. The GST Council, led by the Union Finance Minister and including representatives from all states and union territories, oversees the GST regime, ensuring a cohesive tax structure across India.