GST Portal introduces a new IMS update from Oct 2025 with a “Pending” option for Credit Notes and flexible ITC reversal. Learn rules, timelines, and compliance impact.

In the Shanti Kiran India case, the Supreme Court ruled that genuine buyers cannot be denied Input Tax Credit (ITC) simply because their seller failed to deposit the tax.

The GST Council has extended the 90% provisional refund system to Inverted Duty Structure cases from 1st October 2025, pending a formal amendment to Section 54(6)

GSTN has enabled invoice-wise reporting in Form GSTR-7 for TDS deductors. Effective September 2025, all deductors must furnish invoice-level details. File September returns by 10th Oct 2025

The new invoice management system will allow easier payment of tax, reporting of income, and other tax activities more conveniently and faster.

The Hon'ble Delhi High Court has clarified the necessary conditions for export refunds under GST in a landmark ruling (W.P.(C) 2486 of 2025). In the Alkesh Tacker HUF v. Union of India & Ors. case, the court overturned a departmental decision to deny a ₹10.05 lakh ITC refund, stating that the reasoning was "specious and untenable."

From September 22, 2025, the government's rescheduled new Goods and Services Tax (GST) regime, christened Next-Generation GST or the GST Bachat Utsav, will be in force. Finance Minister Nirmala Sitharaman has stated that the changeover will infuse Rs 2 lakh crore into the economy by keeping more money in people's pockets.

A petitioner filed the case, M/s Sahil Steels, who could not access their GST common portal account since their consultant had registered with their own email id and mobile number, and later on denied giving the login credentials due to a conflict.

Tax experts believe this extension is a much-needed move that will bring clarity and relief to the business community. 'This is a welcome step that addresses the long-pending demand of taxpayers who were awaiting the GSTAT to become operational

post-sale/secondary discounts under GST, when given via financial or commercial credit notes without reducing tax amount, without require ITC reversal

People will no longer be able to file their GST returns more than three years after the due date, according to the GSTN, starting in September 2025. This implies that you won't be able to file your return for that time if you miss the deadline by more than three years.

We have reduced the slabs. There will be only two slabs, and we are also considering the issue of compensation cess," finance minister Nirmala Sitharaman said.