GST payments and refunds are critical for any taxpayer as it involves money. The GST law defines compliance processes to apply for GST refunds using forms/returns and make GST payments through challans. GST payment is needed while one files GSTR-3B depending on the net GST liability. Learn all about GST payments and GST refunds through this article.Latest UpdatesLatest updates on GST refund28th August 2025GSTN has issued an advisory to clarify system changes for allowing refunds on account of assessment/enforcement/appeal/revision/any other order (ASSORD). Below are the changes-Claim refunds irrespective of the Demand ID status, but only where the demand amount is negative.Taxpayers can claim refunds even if the minor head has a negative balance, provided the cumulative balance is positive or zero.Only negative balances auto-populate into RFD-01 refund applications.The GST portal automatically suggests the most recent demand order related to a negative balance, such as an order-in-original, rectification order, or appellate order.8th May 2025A new GSTN's advisory is released.

Refund claim is a vital aspect under Goods and Services Tax (GST) regime that allow taxpayers to recover excess taxes paid or accumulated Input Tax Credits (ITC). The refund can be due various reasons such as exports, inverted duty structure, or excess balance in the electronic cash ledger etc. Also, the GST refund forms varies according to the type of GST refund being claimed. Hence, it is important for businesses to understand the GST refund process. This article provides the step-by-step guide to apply for different types of GST refunds.Latest updates on GST refund28th August 2025GSTN has issued an advisory to clarify system changes for allowing refunds on account of assessment/enforcement/appeal/revision/any other order (ASSORD). Below are the changes-Claim refunds irrespective of the Demand ID status, but only where the demand amount is negative.Taxpayers can claim refunds even if the minor head has a negative balance, provided the cumulative balance is positive or zero.Only negative balances auto-populate into RFD-01 refund applications.The GST portal automatically suggests the most recent demand order related to a negative balance, such as an order-in-original, rectification order, or appellate order.12th June 2025As per the latest GSTN advisory, the GSTN has deployed a validation on the GST portal allowing Quarterly Return and Monthly Payment of taxes (QRMP) taxpayers to file refund applications based on the invoices reported in Invoice Furnishing Facility (IFF) for the first two months of the quarter.

GST calendar helps every registered business and professionals to be ready for compliance well in advance. GST Dates are crucial for every taxpayer to file the GST returns and prescribed forms under the GST law to avoid incurring any interest or late fees. You can identify the right GST return to file by knowing the type of registration obtained for your GSTIN, using the GST search tool.The CBIC continues to extend the GST Dates of various returns and forms under GST. Accordingly, our handy GST calendar can remind you when to pay tax and file your GST returns.Annual GST CalendarDownload FY 2025-26 Calendar Download FY 2024-25 CalendarGST due dates in August 2025Here is the GST calendar for August 2025 at a glance-Due date*Description7th AugTDS & TCS liabilities deposit for July'2510th AugGSTR-7 (Summary of TDS deductions and deposits under GST laws for July'25)GSTR-8 (TCS collected and deposited by e-commerce operators under GST for July'25)11th AugGSTR-1 (Summary of outward supplies for turnover > Rs. 5 crore or not opting for QRMP in Jul-Sep 2025 for July '25)  13th Aug   IFF (Uploading of B2B outward supplies by quarterly return filers under the QRMP scheme for July'25).GSTR-5 (Summary of outward supplies and tax payable by non-resident taxable persons monthly for July'25)GSTR-6 (Details of ITC received and distributed by an ISD for July'25)  14th Aug  TDS Certificates (Forms 16B, 16C, 16D) for June'25 being issuance of TDS certificates for deductions under Sections 194-IA, 194-IB, and 194M of the Income Tax Act15th AugTDS quarterly return and quarterly statement for TCS (Form 27EQ) for the quarter ending  30th June 2025     20th AugGSTR-5A (Summary of outward supplies and tax payable by OIDAR service providers for July'25)GSTR-3B for July’25 (Summary return for taxpayers with turnover > Rs.

GST news and updates must be tracked by every business for ensuring timely and 100% compliance. Read on to get the latest developments from CBIC, GST Council and GST Network/portal on GST returns and compliances, e-way bills and e-invoicing systems. Latest GST News1. 2025 GST Updates28th August 2025GSTN has issued advisory to clarify system changes for allowing refunds on account of assessment/enforcement/appeal/revision/any other order (ASSORD). Changes are as follows -Claim refunds irrespective of the Demand ID status, but only where demand amount is negative.Such persons can claim refunds where the minor head can have a negative balance even if the cumulative balance is positive or zero.Negative balance auto-populates into RFD-01 refund application.GST portal automatically suggests the most recent demand order related to a negative balance, being order-in-original, rectification order or appellate order, etc.23rd August 2025The 56th GST Council Meeting is set to happen on 3rd and 4th September 2025 at New Delhi, as announced by the GST Council on 23rd August 2025. A lot of rate rationalisation measures are expected from this meeting. 21st August 2025Due to the incessant rains in various parts of Maharashta, the government has extended GSTR-3B due date for July 2025 from 20th August to 27th August 2025.

The introduction of GST in India has simplified indirect taxation in the country. The uniform tax structure has benefitted every industry, including the automobile and two-wheeler sectors. The GST on a bike depends on its engine capacity. This article talks about the applicability, exemptions, tax rates, and ITC availability for GST on two-wheelers in India.Key Takeaways29th August 2025: 350 cc bike GST rate is 28% GST plus 3% cess at present. GST on bikes above 350cc may attract 40% GST if the Council recommends an increase in higher slab rate at the upcoming 56th GST Council meeting, expected to be implemented from 22nd September as per media reports.GST on bikes up to 350cc is 28%, may come down post 56th GST Council meeting.15th August, 2025- The Prime Minister, in his speech on Independence Day, announced a GST overhaul ahead of Diwali. There will be a significant cut in the GST rates, with 5% and 18% as the only slab rates.

Section 54 of the Central Goods and Services Tax (CGST) Act, 2017, contains the provisions relating to the refund of tax paid under GST. It lays down the various conditions and procedures for claiming a refund, including the relevant date for determining the time limit for claiming a refund, the types of taxes eligible for a refund, and the documents required to be furnished with the refund application.Continue reading to know more about Section 54 of the CGST Act, refund clauses, and the documents required to claim a refund.Latest Update28th August 2025GSTN has issued advisory to clarify system changes for allowing refunds on account of assessment/enforcement/appeal/revision/any other order (ASSORD). Changes are as follows-Claim refunds irrespective of the Demand ID status, but only where demand amount is negative.Such persons can claim refunds where the minor head can have a negative balance even if the cumulative balance is positive or zero.Negative balance auto-populates into RFD-01 refund application.GST portal automatically suggests the most recent demand order related to a negative balance, being order-in-original, rectification order or appellate order, etc.What Is Section 54 Of The CGST Act? Section 54 of the CGST Act 2017 applies to persons who have paid a tax or any other amount, such as interest on tax, etc. and wish to claim a refund under the GST law. They can claim the refund in case of exports of goods or services or both, zero-rated supplies, deemed exports, and refund of unutilised input tax credit (ITC).A refund of tax paid on exports aims to promote exports and make Indian goods and services competitive in the global market.

Under the Goods and Services Tax (GST) regime, businesses can claim refunds for taxes and Input Tax Credit (ITC) under specific circumstances. the applicant must file form RFD-01, with the supporting documents, within the time limit given under the Section 54 of the CGST Act read with Rule 89 of the CGST Rules. This article details all about refund of the unutilised ITC, including, eligibility criteria, refund process, time limit, calculation of maximum reufund, declarations to be given, cases for provisional refund etc.Latest Update28th August 2025GSTN has issued advisory to clarify system changes for allowing refunds on account of assessment/enforcement/appeal/revision/any other order (ASSORD). Changes are as follows-Claim refunds irrespective of the Demand ID status, but only where demand amount is negative.Such persons can claim refunds where the minor head can have a negative balance even if the cumulative balance is positive or zero.Negative balance auto-populates into RFD-01 refund application.GST portal automatically suggests the most recent demand order related to a negative balance, being order-in-original, rectification order or appellate order, etc.Cases Under which Refund of Accumulated ITC is AllowedThe taxpayers can claim the refund of accumulated ITC in the following situations:When an inverted tax structure prevails in the business.With respect to the export of goods or services made without a tax payment by reporting the Letter of Undertaking (LUT) or bond.In case of supplies to Special Economic Zone (SEZ) units or developers without a tax payment.By foreign embassies and international organisations on their purchases of goods or services.Refund arising from the finalisation of provisional assessments.Excess balance lying in electronic cash ledger.In case of excess payment of tax due to inadvertent errors or misclassification. Cases, where refund of unutilised ITC is not allowed, is as follows:If goods exported out of India attract the excise duty, then the accumulated ITC left unutilised will not be available for GST refund. If the supplier of goods has claimed the duty drawback on the excise duty paid or has claimed the refund of IGST paid on such supply.In the case of an inverted tax structure, when the output is nil rated or exempt from GST.Time Limit and Frequency for Claiming Refund of Accumulated ITCAs per Section 54 of the CGST Act, any person claiming the refund of GST or the interest paid should make an application in form RFD-01 within two years from the relevant date for most types of refunds. The “relevant date” given here varies with the type of refund claimed, explained in our article “Important definitions in GST refund”.In case of unutilised ITC on account of exports or supplies to SEZ (zero-rated supplies), the applicant can file RFD-01 at the end of any tax period.In case of refund claims by the embassies or international organisations, the application must be filed for the refund before the expiry of six months from the last day of the quarter in which such goods/service were received. The form used is RFD-10 in such cases after the furnishing of GSTR-11 return.Calculation of the Maximum Refund of Unutilised ITC (1) Refund of accumulated ITC on account of zero-rated supplies without tax payment (exports and supplies to SEZ units or developers)The formula for calculating eligible refund amount is as follows:Amount of Refund = [ Net ITC x (Turnover of zero-rated supply of goods + Turnover of zero-rated supply of services) ] ÷ Adjusted Total Turnover(2) Refund of accumulated ITC on account of inverted tax structureThe formula for calculating eligible refund amount is as follows:Amount of Refund = {[ Net ITC x (Turnover of inverted rated supply of goods and services)] ÷ Adjusted Total Turnover} – Tax liability on inverted rated supply of goods and servicesThe terms used in the formulae are defined as follows:Net ITC for (1): The input tax credit claimed for the particular period on the goods and services purchased (inputs and input services). Net ITC for (2): The input tax credit claimed for the specific period on the goods purchased (inputs). Turnover of zero-rated supply of goods: It can be lower of the following two values:Value of zero-rated sale of goods for the particular period under LUT or bond without tax payment.Value calculated as [1.5 x value of like domestic goods or similar ones as declared by supplier].Turnover of zero-rated supply of services: Total of payments received during the particular period for zero-rated supply of services, advance towards the zero-rated supply of services finished for that specific period but received in any prior period excluding those advances received in the prior period of which service is not completed.Adjusted total turnover: Total sum of turnover in state or UT, excluding turnover from providing services and turnover of zero-rated and other than zero-rated supply of services.

The GST collection report for August 2025 will be released on 1st September 2025 by the GST Network.GST collections in July 2025 stood at ₹1.96 lakh crore, up 7.5% year-on-year. Growth was supported by higher imports (₹52,712 crore, +9.7%) and steady domestic GST (₹1.43 lakh crore, +6.7%). However, a sharp rise in refunds (₹27,147 crore, +66.8%) limited net GST revenue to ₹1.70 lakh crore, up only 1.7% YoY.The Government is set to release the state-wise GST collections for August 2025, highlighting a sustained rise in gross revenues for most states.Analysis of the GST Collections August 2025Update coming soonAlso ReadGST Collections July 2025GST Collections June 2025GST Collections May 2025GST Collections April 2025GST Collection March 2025GST Collection February 2025GST Collection January 2025GST Collections December 2024GST Collection November 2024GST Collection October 2024GST Collection September 2024GST Collection August 2024.

The 56th GST Council meeting will happen on 3rd and 4th September 2025 at New Delhi, announced by the GST Council. The GST Council will meet after six months to discuss the long-pending agenda items. You must look out for deliberations around the GST rate rationalisation measures, and compliance simplification.Let’s explore what’s potentially on the 56th GST Council meeting agenda in this article.Key Takeaways56th GST Council meeting will happen on 3rd and 4th September 2025 at New Delhi.15 August 2025- On the 79th Independence Day, 15th August 2025, Prime Minister Narendra Modi announced the implementation of Next-Generation GST reforms. The GST reform is expected to remove 12% and 28% tax slabs, while merging items into the 5% or 18% tax slabs, introduce a 40% tax slab for sin goods, correct the inverted tax structure.The agenda would also include deliberations on introducing pre-filled returns and automated GST refunds.About the GST Council meetingThe GST law mandates GST Council meetings to happen once a quarter, unlike the 56th GST Council meeting. The Union Finance Minister Nirmala Sitharaman is the Chairperson of the GST Council. The Union Minister of State in the Finance Ministry and members representing the Ministers of 28 States and three Union Territories (with legislatures) shall accompany the Chairperson. GST Rate RationalisationA much-needed move from the GST Council expected at the 56th GST Council meeting is restructuring and rationalising the GST rate structure.

GST on online gaming has always been a contentious issue in the industry. At present, online games attract 28% GST on the full face value. With the Promotion and Regulation of Online Gaming Act coming into force in August 2025, the face of taxation under GST is changing. Understand these developments and whether to tax online games under GST, if yes, how and what the tax on online games will be. Key takeaways-Uniform 28% GST applies on the full face value of bets for all online games (skill or chance) until 21st August 2025.However, online money gaming has been banned from 22nd August 2025, removing GST applicability where no monetary consideration is involved.e-Sports and educational games attract 18% GST on platform fees or service commissions, distinguishing them from real-money games under the current GST regime.The GST Council is expected to clarify GST rates further in the 56th GST Council meeting, particularly for platform fees in non-money gaming and emerging gaming categories.What is GST on Online Gaming?Online gaming is subject to GST as it is considered a supply of services. These are included in the exceptions of Schedule III of the CGST Act to be taxable actionable claims.