Courts held that Section 16(2)(c) cannot be applied mechanically to deny ITC to honest buyers. ITC denial must be confined to ...

Explains the legal situations where suppliers can correct excess GST through credit notes. Highlights that reduction in tax liability is conditional on timelines, ITC reversal, and absence of unjust ...

An in-depth look at how Next-Gen GST is driving investments, boosting demand, supporting digital infrastructure, and ...

India’s industrial production, based on the Index of Industrial Production (IIP), accelerated to a two-year high of 6.7% in November 2025, aided by strong growth in manufacturing and mining, with ...

India's agriculture sector closed 2025 with a projection of record foodgrain output surpassing last year's 357.73 million tonnes (MT) despite US tariffs disrupting farm exports, while landmark GST ...

India's agriculture sector closed 2025 with a projection of record foodgrain output surpassing last year's 357.73 million tonnes (MT) despite US tariffs disrupting farm exports, while landmark GST ...

The government should provide clarity on whether the infrastructure of hyperscale data centres qualifies as ‘plant and machinery’ or civil structures, to help them be eligible for Input Tax Credit ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Jessica Gibson is a content update editor and writer for Investopedia. She has over ...

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

Industry has urged the government to accelerate GST 2.0 reforms in Budget 2026, calling for rate rationalisation, reduced disputes, and smoother input tax credit (ITC) flow. Key demands include ...