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 case of changes in GST rate (effective from 22-09-2025)?
Will refund of accumulated Input Tax Credit (ITC) be available when the GST rate is reduced?
Below are the PDF of simplified explanations based on the Council’s clarifications and earlier circulars.
Important Clarifications On GST Rate Change and GST Refund of Inverted Duty Structure
