Post-sale discounts are reductions in price given by a seller to their buyers either during the transaction, after the sale is completed, or upon the achievement of specific targets. This article will discuss how post-sale discounts impact the value of supply under GST.Key takeawaysReduce the discount from the value of supply where- The discount was part of agreement/terms before or at the time of supply, states CGST Section 15(3)(b)(i).Another condition is one must link such discounts to the original invoice.As per the recommendations at the 56th GST Council meeting, the above two conditions will be omitted from the provision after the amendment of the CGST Act. Accordingly, one need not comply with the conditions for reducing discount from the value of supply, whenever the law is amended.Recipients must carry out ITC reversal for such discounts. However, when suppliers issue financial/commercial credit notes without reducing tax liability, recipients need not reverse ITC because the original value and tax remain unchanged.Service-linked/promotional discounts can constitute consideration and may attract GST. So ITC reversal is not called for.Treatment of Post-sale Discount under GSTSection 15(3) of the CGST Act 2017 specifies that a discount can be given before, after or during the time of supply.

What is an e-Invoice Exemption Declaration?e-Invoice is currently applicable to taxpayers when their aggregate turnover exceeds Rs. 5 Cr, but GST Rules exempt specific categories of taxpayers from e-invoice compliance, even though their turnover exceeds the prescribed limit. This article explores to whom the e-invoice exemption is applicable and how to file an exemption declaration.e-Invoice Exemption Declaration FunctionalityThis functionality has been made available on the e-Invoice portal for taxpayers helping them declare their exemption status with respect to e-invoice applicability. Rule 48(4) of CGST Rules, 2017 exempts the following list of taxpayers from e-invoice applicability:Banks, Insurance Companies, and Financial Institutions including but not limited to NBFCs.Goods Transport Agency and Passenger Transport ServicesSupplier of Services by way of admission to the exhibition of filmsUnits under Special Economic Zones How to File an e-Invoice Exemption Declaration?Visit the GST portal at gst.gov.in and then click on the e-Invoice available on the dashboard.Click on login and fill in the GST login credentials.After login, select 'Dashboard' under ‘Quick Actions.’After which, e-Invoice Enablement Status will be shown as either "Enabled" or "Not enabled".Click on e-Invoice Exemption Declaration. Then click 'proceed' on the warning message, which states the exemption declaration form will not impact e-Invoice Enablement Status.The E-Invoice Exemption Declaration page will be shown, where you select the category under which such exemption is filed.Tick the declaration, and after selecting the authorised signatory, click on "Submit"Then submit this exemption application with DSC or EVC, and the portal will generate an acknowledgement number confirming the successful filing of the above declaration..

Understanding the meaning of inward and outward supply is important for the correct filing of GST returns. It is necessary for a business owner to correctly identify supplies so that they can report them correctly in GSTR-1, GSTR-3B, and GSTR-9. This article will help readers understand these GST terminologies, how to report them, and their impact on GST returns.What is Inward Supply in GST? As per section 2(67) of the CGST Act, inward supply is the receipt of goods or services (or both) by purchase, acquisition, or any other means, with or without consideration.Example: -Raw material purchase -Availing of consultancy services -Goods or services importation -Credit purchases Note: The inward supplies qualify for claiming Input Tax Credit (ITC), except as restricted by Section 17(5).How to File Inward Supply in GST?Inward supplies are not directly reported by the recipient but are reported through supplier uploads, and then they appear in the Invoice Management System (IMS). The process of inward supplies begins when a supplier uploads their invoices in GSTR-1, which then auto-populates into the recipient's GSTR-2A and GSTR-2B.GSTR-1 (Supplier Filing): The supplier uploads invoices in their GSTR-1.GSTR-2A is a dynamic statement that is updated whenever the supplier files or amends invoices.GSTR-2B is a static monthly statement generated on a fixed date (generally the 14th of the following month). It is used for claiming Input Tax Credit (ITC).In GSTR-3B, inward supply entries are not required to be reported line-wise, but the total eligible ITC from inward supplies should be reflected under Table 4 - eligible ITC.In GSTR-9 (Annual Return), Taxpayers should disclose consolidated details of inward supplies and ITC availed during the year in the annual return (Form GSTR-9).

The Goods and Services Tax Network is constantly streamlining its GST portal and introducing new features to simplify compliance and auditing for taxpayers. The latest is the Invoice Management System (IMS), which went live on 14th October 2024. It aims to help significantly manage the process of ITC claims more accurate and faster.  This article explores the latest features, core benefits, and workflow of IMS, including updates rolled out through October 2025.Latest Updates17th October 2025GSTN, in its recent advisory, stated that the IMS functionality has been enhanced to allow taxpayers to modify ITC reversal amounts upon acceptance of credit notes and other specified records, ensuring ITC is reversed only to the extent actually availed.23rd September 2025GSTN via advisory has introduced the following new changes in GST Invoice Management System (IMS) effective from October 2025 tax period.Specified records that were earlier not allowed to be marked pending can now be kept pending for one tax period (one month for monthly taxpayers and one quarter for quarterly taxpayers). A new facility lets taxpayers declare the exact ITC availed and reverse only that amount, either partially or fully. If ITC was never claimed, no reversal is required. Taxpayers can save optional remarks when rejecting or keeping records pending; these remarks will appear in GSTR-2B and supplier dashboards, improving communication and reconciliation.19th June 2025GSTN via advisory has clarified the impact and resolution for wrongly rejected documents on IMS on both supplier and recipients.What is the Invoice Management System (IMS) Under GST? The Invoice Management System, or IMS, is a new feature within the GST portal in the late 2024 to allow recipient taxpayers accept, reject, or keep invoices pending when saved or filed by their supplier taxpayers. Mismatches between invoices filed by suppliers and returns submitted by recipients are a significant issue taxpayers face when claiming input tax credits. The IMS allows registered recipients to match their records with invoices reported by suppliers in their GSTR-1.

GSTN is scheduled to launch the new invoice management functionality IMS (Invoice Management System) on 1st October 2024 for ITC computation and claim process. This new feature will streamline many tasks for taxpayers, help reduce compliance errors, and change the future of GST compliance. It's natural for people to have questions. FAQs on IMS in GST answer all the queries from the industry leaders to our representatives about this eagerly expected feature.Basics of the Invoice Management System (IMS)  What is the Invoice Management System (IMS)?The Invoice Management System, or IMS, is a dashboard functionality within the GST portal that streamlines communication of invoices and CDNs saved/submitted/filed by suppliers. It facilitates recipients' checking of the status of invoices and CDNs and provides the option to accept, reject, or keep them pending for a period in a single window.When will IMS be made available to taxpayers?GSTN will launch the IMS facility on the 1st October portal. However, from 14th October 2024 onwards, users will be allowed to take action on invoices/CDNs.   Which records will be available in IMS for taking action?The IMS dashboard will make available the following records related to the invoices saved or filed by the suppliers through GSTR-1/1A/IFF.B2B - InvoicesB2B - Invoices (Amendments)B2B - Debit NotesB2B - Debit Notes (Amendments)B2B - Credit Notes B2B - Credit Notes (Amendments)Eco [9(5)] InvoicesEco [9(5)] Invoices (Amendments)However, invoices and CDNs that are not eligible for ITC because of the POS rules or as per Section 16(4) of the CGST Act will not appear on the IMS dashboard.

Future of GST remains dynamic. GST law and the system is constantly evolving, even in its 8th year. Tax compliance has become much easier under the GST regime as businesses can perform every compliance task through a single window of the online GST portal. Zero manual intervention has reduced the chances of corruption and harassment by unscrupulous tax officials. But it has its own set of complexities. GST compliance requires businesses to achieve a high level of technology adoption and a tech learning curve.

Automobile tyres mostly use natural rubber as inputs. However, applicable GST rates on tyres vary significantly compared to other rubber-derived finished products, like gloves, latex threads, etc. In addition, GST rates on different tyres also differ widely. This article discusses the applicability of GST rates and HSN codes of various kinds of tyres, with the latest updates from the 56th GST Council Meeting 2025. Latest UpdateThe 56th GST Council meeting has announced and CBIC has notified changes in GST on tyres with effective from 22nd September 2025-New Pneumatic tyres: GST is reduced from 28% to 18%, covering tyres for bicycles, cycle-rickshaws, and three-wheeled powered cycle rickshaws.Tractor tyres and tubes: GST is reduced from 18% to 5%, covering rear tractor tyres, tyres for tractors, and tubes for tractor tyres.Tyre cord fabric: GST is reduced from 12% to 5%, including high tenacity yarn of nylon, polyamides, polyesters, or viscose rayon.Pre-GST era taxation of TyresBefore the introduction of GST, tyre manufacturers, dealers and traders had to deal with multiple types of indirect taxes.Pre-GST, basic customs duty (BCD) for importing natural dry rubber was around 20%.Post-manufacturing, Original Equipment Manufacturers (OEMs) were required to pay Value Added Tax, Central Excise, etc. Dealers and traders paid state-specific taxes such as sales tax and octroi.GST unified all these different taxes with a single tax structure throughout India. For GST applicability purposes, tyre as a product segment is further categorised, with specific HSN for each category, Car (4-wheeler) tyres Non-motorised bicycle tyres Motorised 2-wheeler tyres Bus and commercial vehicle tyres Tyres used in agricultural-use vehicles Aviation tyres Retreaded second-hand or used or recycled tyres What is the GST on Tyres? Tyres fall under the scope of supply definition in the GST law and is taxed on a normal charge.

Creating a proper Reverse Charge Mechanism (RCM) invoice format under GST is crucial for businesses dealing with reverse charge transactions. Compliance starts with the correct format, whether for invoicing services and goods procurement from unregistered dealers or other RCM scenarios. In this guide, we'll walk through how to make RCM invoices, sample formats, GSTR-1 reporting, and everything the CFOs, accountants, and GST practitioners need to know.How to Prepare an RCM Invoice in GST A taxpayer liable to pay tax under the Reverse Charge Mechanism (RCM) has to issue an invoice for goods or services or both received by them. The receiver shall mention the fact that the tax is paid under RCM. In addition, they have to issue a payment voucher while making payment to the supplier.Here are the steps a taxpayer should follow while generating a self-invoice in an ERPIdentify the transaction subject to RCMConfirm that the purchase is from an unregistered or registered supplier for which RCM is  applicable under GST lawExamples include: legal services, goods transport, imports, etcCreate a new purchase invoiceGo to the purchase moduleChoose "create new purchase invoice" or a similar actionEnter supplier detailsVendor name: Enter the supplier’s name (can be unregistered)GSTIN: If the supplier is unregistered, leave this blankAddress and state: Fill correctly for tax jurisdictionEnter invoice detailsInvoice Number & Date – Assign a unique number and mention the date of issue.Place of Supply – Determine based on the buyer’s and supplier’s location.Create a self-invoice (if the supplier is unregistered)Where supplies are received from an unregistered supplier, generate a self-invoice in compliance with GST provisions.Clearly mention “Self-invoice issued under Reverse Charge Mechanism (RCM)” on the document.Enter item/service detailsAdd each item or service purchasedEnter quantity, rate, and valueSet GST tax type as RCMUnder the tax section, select “reverse charge applicable”Most ERP systems have a checkbox or dropdown to enable RCM.Do not charge GST in the supplier’s invoice, as the taxpayer (recipient) pays the tax.Calculate reverse charge taxAdd applicable GST:CGST & SGST (if intra-state)IGST (if inter-state)The ERP should calculate tax under reverse charge and show tax payable by the recipientPost journal entry (optional but recommended)Some ERPs require manual journal entries for RCM:Input GST A/c (CGST/SGST/IGST) DrTo RCM Payable A/cSave and approve the invoiceSave the invoice.Get approval if your ERP workflow requires it.File in GST ReturnsReport RCM invoices in GSTR-3B (Table 3.1(d)) and GSTR-1, if applicable..Note: You can also use accounting platforms like Clear GST to auto-generate RCM invoices.RCM Invoice FormatRecipient Name and Address Recipient's GSTIN: GSTIN of the taxable personInvoice number & date: Unique serial number with issue date Supplier's details: Name and address of supplier Description of goods/services: Description of item/service, HSN/SAC code , Quantity or Unique Quantity Code thereofTaxable value amount before GST Rate & amount of GST according to GST slab (5%, 18%, etc.) Declaration "tax payable under reverse charge" Signature/digital signature by authorised signatory of the recipient RCM Invoice Example Having a proper RCM invoice format under GST provides smooth compliance and audit preparedness. .

Every car and two-wheeler owner needs to spend on a few recurring expenses, regardless of how often they use their vehicles. Motor vehicle insurance is one of them. In recent years, premiums for motor vehicle insurance have gone up. Many attribute this increase to higher GST rates. There also needs to be more clarity about the applicability of GST to motor vehicle insurance claims. This article explains all the details about GST's implications for motor vehicle insurance premiums, claims, and salvage value.

भारत में हर साल जीएसटी दरों का परीक्षण और संशोधन किया जाता है ताकि टैक्स व्यवस्था सरल और पारदर्शी बनी रहे। इस लेख में हम जीएसटी रेट सूची 2025 के बारे में विस्तार से जानेंगे, जिसमें नई दरें, हाल के बदलाव और अलग-अलग वस्तुओं एवं सेवाओं पर लागू टैक्स का विवरण शामिल है।कई लोग सर्च करते हैं GST कितने परसेंट है ताकि उन्हें आसानी से पूरी जानकारी मिल सके।2025 की जीएसटी दरें खासतौर पर महत्वपूर्ण हैं क्योंकि इसमें पुराने स्लैब को हटाकर नई संरचना लागू की गई है। इसका सीधा असर उपभोक्ताओं, व्यापारियों और उद्योग जगत सभी पर पड़ने वाला है। यह बदलाव न केवल कर संग्रह को आसान बनाएगा बल्कि आम लोगों के लिए कीमतों को भी प्रभावित करेगा।Key Takeaways (मुख्य बिंदु)नई जीएसटी दरें 22 सितंबर 2025 से लागूप्रमुख स्लैब: 5% (आवश्यक वस्तुएँ), 18% (सामान्य वस्तुएँ/सेवाएँ), 40% (सिन/लक्ज़री वस्तुएँ)Nil/Exempt: ज़रूरी सेवाएँ और खाद्य वस्तुएँदरों में बदलाव: 56वीं GST काउंसिल मीटिंग (3 सितम्बर 2025) के निर्णयजीएसटी क्या है?लोग अक्सर पूछते हैं कि GST rate kaise nikale या GST कितने परसेंट है, इसका जवाब स्लैब संरचना देखकर आसानी से समझा जा सकता है।जीएसटी (Goods and Services Tax) एक अप्रत्यक्ष कर है, जिसे भारत सरकार ने 1 जुलाई 2017 से लागू किया। इससे पहले अलग-अलग अप्रत्यक्ष कर जैसे एक्साइज ड्यूटी, वैट (VAT), सर्विस टैक्स आदि वसूले जाते थे। इन सभी को हटाकर एक ही कर प्रणाली बनाई गई, जिसे जीएसटी कहा जाता है। अब किसी वस्तु या सेवा की सप्लाई पर केवल जीएसटी ही लागू होता है।जीएसटी का मुख्य उद्देश्य था देशभर में एक समान टैक्स व्यवस्था लाना — जिसे “One Nation, One Tax” कहा जाता है। इसका फायदा यह है कि सभी राज्यों में टैक्स दरें समान होती हैं, टैक्स चोरी कम होती है और व्यापारियों व उपभोक्ताओं के लिए प्रणाली अधिक पारदर्शी बनती है।GST दरों की संरचना (GST Slabs 2025)नए स्लैब (2025)2025 में लागू नई जीएसटी दरें (new GST rates) तीन मुख्य स्लैब में बंटी हैं, 5%, 18% और 40%।स्लैब दरश्रेणी / उद्देश्यकिन वस्तुओं और सेवाओं पर लागूउदाहरण0% / Nil Rateआवश्यक वस्तुएँ और बुनियादी सेवाएँ (जनसाधारण की सुविधा के लिए टैक्स मुक्त रखा गया)अनाज, फल-सब्ज़ियाँ, दूध, अंडे, स्वास्थ्य सेवाएँ, शिक्षा सेवाएँगेहूं, चावल, अनब्रांडेड दालें, सरकारी स्कूल और अस्पताल सेवाएँ5% स्लैबरोज़मर्रा की ज़रूरतों से जुड़ी वस्तुएँपैकेज्ड फूड, किताबें, जूते (₹1000 तक), कपड़े (₹1000 तक)ब्रेड, बिस्किट, बच्चों की किताबें, सस्ती चप्पल और जूते18% स्लैबसामान्य उपभोक्ता वस्तुएँ और अधिकांश इलेक्ट्रॉनिक्समोबाइल, लैपटॉप, टीवी (₹32 इंच से ऊपर), कपड़े (₹1000 से अधिक), हेल्थ प्रोडक्ट्सस्मार्टफोन, वॉशिंग मशीन, फर्नीचर, ब्रांडेड कपड़े40% स्लैबसिन और लक्ज़री वस्तुएँ (Revenue Generation + Consumption Control)तंबाकू, पान मसाला, लक्ज़री कारें, एसयूवीसिगरेट, पान मसाला पैक, अगर आप जानना चाहते हैं कि GST rate kitna hai, तो इस स्लैब लिस्ट को देखें।क्या बदला (2025 में सुधार)पहले लोग कन्फ्यूज़ रहते थे कि GST percentage kitna hai, अब नई संरचना से यह साफ़ है।पहले की दर संरचनाअब की नई दर संरचना (2025)बदलाव का कारण5%5% (जैसा का तैसा रखा गया)आवश्यक वस्तुओं के दाम न बढ़ें12%हटाया गयाकर संरचना को सरल बनाने के लिए18%18% (जैसा का तैसा रखा गया)उपभोक्ता वस्तुओं पर समान दर28%हटाया गयाजटिलता कम करने के लिएनहीं था40% (नया स्लैब)लक्ज़री वस्तुओं से अधिक राजस्व (revenue)  जुटाने के लिए GST दर सूची (वस्तुओं और सेवाओं के अनुसार)खाद्य पदार्थ (Food Items)यहाँ आपको जीएसटी दर (GST rates) पूरी detail में मिलेगी ताकि आसानी से पता चले कि किस वस्तु पर कितना टैक्स लगेगा।श्रेणीजीएसटी दरउदाहरणबुनियादी खाद्य पदार्थ (Nil/Exempt)0%अनाज (गेहूं, चावल, मक्का), दालें, फल, सब्ज़ियाँ, अंडे, दूध (अनब्रांडेड), ब्रेडपैकेज्ड खाद्य पदार्थ5%पैकेज्ड दालें, पैकेज्ड आटा, ब्रांडेड दही, बिस्किट, मिठाई, नमकीनरेडी-टू-ईट / प्रोसेस्ड फूड18%फ्रोजन फूड, पैकेज्ड जूस, कोल्ड ड्रिंक, चॉकलेट, आइसक्रीमसिन/लक्ज़री फूड आइटम40%पान मसाला, तंबाकू से जुड़े खाद्य उत्पादउपभोक्ता वस्तुएँ (Clothing, FMCG)श्रेणीजीएसटी दरउदाहरणकपड़े ₹1000 तक5%कॉटन शर्ट, सिंपल टी-शर्ट, बच्चों के कपड़ेकपड़े ₹1000 से ऊपर18%ब्रांडेड शर्ट, जीन्स, डिजाइनर कपड़ेरोज़मर्रा के FMCG5% – 18%साबुन (18%), टूथपेस्ट (18%), डिटर्जेंट (18%), अगरबत्ती (5%)इलेक्ट्रॉनिक्स और मोबाइल (Electronis, Mobile)श्रेणीजीएसटी दरउदाहरणमोबाइल फोन18%स्मार्टफोन, फीचर फोनलैपटॉप और डेस्कटॉप18%HP, Dell, Lenovo कंप्यूटरटीवी (32 इंच से कम)18%LED टीवीटीवी (32 इंच से ऊपर)18%Smart/HD टीवीबड़े इलेक्ट्रॉनिक उपकरण18%वॉशिंग मशीन, फ्रिज, एसी, माइक्रोवेवऑटोमोबाइल्स (Automobile)श्रेणीजीएसटी दरउदाहरणछोटी कारें (पेट्रोल <1200cc व लंबाई <4m)18%हैचबैक, सेडान (Maruti Swift, Hyundai i20)छोटी कारें (डीज़ल <1500cc व लंबाई <4m)18%टाटा पंच डीज़ल, फोर्ड फिगो डीज़लमिड-साइज़ कारें (<1500cc व लंबाई >4m)40%होंडा सिटी, हुंडई वर्नालग्ज़री कारें (>1500cc व लंबाई >4m)40%मर्सिडीज़, बीएमडब्ल्यू, ऑडीएसयूवी (SUV) (>1500cc, लंबाई >4m, ग्राउंड क्लियरेंस >170mm)40%टोयोटा फॉर्च्यूनर, महिंद्रा XUV700हाइब्रिड कारें (इंजन >1200cc पेट्रोल, >1500cc डीज़ल)40%टोयोटा कैमरी हाइब्रिड, होंडा अकॉर्ड हाइब्रिडइलेक्ट्रिक वाहन (EV)5%टाटा नेक्सॉन EV, MG ZS EVएम्बुलेंस व 3-व्हीलर18%ऑटो रिक्शा, एम्बुलेंसNil/Exempt सूची (GST से मुक्त वस्तुएँ और सेवाएँ)भारत सरकार ने कुछ बुनियादी वस्तुओं और सेवाओं को GST से पूरी तरह मुक्त रखा है ताकि आम जनता पर अनावश्यक बोझ न पड़े और बुनियादी ज़रूरतें सुलभ रहें। इन वस्तुओं/सेवाओं पर 0% जीएसटी (Nil Rate) लागू है।कई लोग जानना चाहते हैं कि कौन-सी चीज़ों पर GST rate kitna hai. यहाँ Nil/Exempt कैटेगरी में सारी जानकारी दी गई हैश्रेणीस्थितिउदाहरणअनाज और कृषि उत्पादNilगेहूं, चावल, दालें, अनब्रांडेड आटा, अनब्रांडेड आटा-दाल पैकेजफल और सब्ज़ियाँNilआलू, प्याज़, टमाटर, मौसमी फल, हरी सब्ज़ियाँडेयरी उत्पाद (अनब्रांडेड)Nilदूध, दही, छाछ (अनब्रांडेड)शिक्षा सेवाएँNilस्कूलों और कॉलेजों की फीस (मान्यता प्राप्त संस्थानों में)स्वास्थ्य सेवाएँNilअस्पताल सेवाएँ, डॉक्टर परामर्श, नर्सिंगसरकारी सेवाएँ (कुछ मामलों में)Nilन्यायालय शुल्क, सरकारी परीक्षा शुल्क, पंचायत सेवाएँहाल ही में हुए GST दरों में बदलाव (2025 अपडेट)भारत सरकार ने 56वीं GST काउंसिल बैठक (3 सितम्बर 2025) में कई बड़े बदलाव किए, जिनका असर सीधे उपभोक्ताओं और व्यापारियों पर पड़ा है। ये बदलाव 22 सितम्बर 2025 से लागू हुए।प्रमुख बदलाव:12% और 28% वाले स्लैब पूरी तरह समाप्त कर दिए गए।अब केवल 5%, 18% और 40% स्लैब लागू हैं। 40% का नया स्लैब पेश किया गया।यह स्लैब सिन और लक्ज़री उत्पादों (जैसे तंबाकू, पान मसाला, एसयूवी) पर लागू होगा। तंबाकू और संबंधित उत्पादों पर अलग अधिसूचना जारी की गई।इसका उद्देश्य राजस्व (revenue) बढ़ाना और उपभोग पर नियंत्रण करना है।.