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Introduction In a landmark move aligning with Prime Minister Narendra Modi’s vision for “Next-Generation” tax reforms, the GST Council has announced a comprehensive overhaul of the Goods and Services Tax (GST) structure. Set to take effect from September 22, 2025, just in time for the festive season, these changes are poised to significantly impact household budgets…
Introduction Recent GST reforms in India have created a stir among small traders—especially those using UPI. In places like Bengaluru, merchants are reverting to cash, trying to avoid new GST notices linked to their digital transactions. RBI’s response and new compliance norms mark a critical moment for India’s banking sector and those seeking IFSC codes…