The Indian government is set to implement a crucial change in the Goods and Services Tax (GST) framework, making it mandatory for businesses to adopt the Input Service Distributor (ISD) mechanism for the distribution of common Input Tax Credits (ITC) starting April 1, 2025. This change aims to

The Goods and Services Tax (GST) was introduced in India on July 1, 2017, to replace multiple indirect taxes and create a transparent, efficient system. However, GST evasion remains a major issue, costing the government billions in lost revenue. Fraudsters exploit loopholes through fake invoices, underreported sales, and ITC fraud. This article explains how GST […]