Raksha Parikh
How to show revised MRP after a GST rate change (unsold stock)? Not compulsory: Re-stickering/re-labelling of existing stock is permitted, not mandatory; you must still pass the tax-cut benefit to consumers. How to revise: Use a stamp/sticker/online print to add the new MRP as an additional declaration—do not cover or overwrite the original MRP. Timeline: … Read more
Revised MRP label is not mandatory The Burning issue in the market is Revised MRP label Mandatory or not ? Revised MRP label is not mandatory Core view: Re-stickering/re-labelling of unsold stock after GST rate cuts is not compulsory; Legal Metrology language says “permitted/allowed,” not “shall.” Pharma-sector communications support this stance. What’s mandatory: Pass the … Read more
GST Case Laws September 2025 The goal of this article is to cover all recent GST case laws September 2025. All latest high court judgments on gst and all the latest Supreme Court judgments on gst issued in September 2025 have been covered in this article. All the latest GST case laws of September 2025 … Read more
Clarification on Doubts related to Post Sales Discounts Circular No 251/08/2025 issued for Clarification on Doubts related to Post Sales Discounts. The matter has been examined. Question:1 If a supplier issues a financial/commercial credit note (not a GST credit note under section 34 of CGST Act) and the buyer (recipient) pays a discounted amount to … Read more
GST Impact on Automobile Sector : Post 56th GST Council Meeting GST Impact on Automobile Sector Post 56th GST Council Meeting has become a landmark change in india’s taxation framework for vehicles. The 56th GST Council Meeting held on 03-09-2025 introduced a simplified GST structure effective from 22-09-2025 by replacing multiple slabs with streamlined rates.This … Read more
Should Your MRP Reduced after GST Rate Cuts?? Should Your MRP Reduced after GST Rate Cuts?? the next question come in mind After 56th GST Council Meeting ‘s decision of rate cuts.Let’s decode the impact of 56th GST Council decisions on the consumer prices. Introduction After rate deductions, what do you think? Should your MRP … Read more
3 Years limit for filling GST Returns : Effective from 01-10-2025 Government has issued GST Advisory on 3 Years limit for filling GST Returns Effective from 01-10-2025. The Finance Act 2023 has inserted 3 year limit from original Due date for furnishing the following returns. Section -37 GSTR-1/IFF Section -39 GSTR-3B, GSTR-4, GSTR-5/5A, GSTR-6, GSTR-7, … Read more
GST Impact on Real Estate Sector (Residential Projects) The Goal of the article GST Impact on Real Estate Sector (Residential Projects) is to simplified the analysis Proposed in 56th GST Council Meeting related to this sector.The 56th GST Council Meeting held on 3rd September 2025 announced crucial reforms that are set to impact the real … Read more
GST Impact on Tobacco Sector : Post 56th GST Council Meeting The Article represents GST Impact on Tobacco Sector Post 56th GST Council Meeting. The 56th GST Council Meeting (September 3–4, 2025) introduced landmark changes in India’s indirect tax system, with a strong focus on tobacco and pan masala products. These reforms aim to simplify … Read more
Key Clarification on burning issues arising from 56th GST Council Meeting: In light of the recent concerns, we are presenting key clarifications on burning issues arising from the 56th GST Council Meeting. The meeting addressed two major matters that have been widely debated in the market: What will be the exact point of taxation in … Read more