The Goods and Services Tax Network (GSTN) has notified a crucial change in the filing of GSTR-1/1A returns, effective from May 2025 onwards . Registered taxpayers will now be required to separately report HSN-wise summary of B2B and B2C outward supplies in Table 12 of GSTR-1 and 1A. This bifurcation seeks to enhance data analytics, improve accuracy in reporting, and facilitate better tax compliance monitoring. This article explains the implications, legal basis, and practical steps for businesses and professionals to comply with the new requirement. 1. Legal Framework and Notification Reference This change is brought under the powers conferred by Section 37 of the Central Goods and Services Tax Act, 2017 (CGST Act) , which deals with the furnishing of details of outward supplies. The reporting format for GSTR-1 is prescribed under Rule 59 of the CGST Rules, 2017 . While the GST Council recommended this change earlier, the GSTN advisory dated 25 May 2025 formally notified that ...

Picture this: You're a war-room general, twirling your mustache, sipping an overpriced espresso, and gazing dramatically at a world map. Your finger lands on India. You smirk. "Let’s conquer that." Stop. Put down that espresso. In fact, throw it out. You’re going to need a lifetime supply of cutting chai and a PhD in subcontinental chaos just to understand what kind of Pandora’s box you’re about to open. Because invading India isn’t just a military misstep—it’s geopolitical self-sabotage wrapped in historical amnesia. Let’s walk through the reasons, shall we? 1. Geography: The First and Final Boss India isn’t a country. It’s a continent disguised as one. A land so diverse and naturally defended that even Mother Nature seems to have personally taken a stance: “Not today, invader.” To the north, we have the Himalayas. Not your run-of-the-mill hills, but the Earth’s very own “Do Not Disturb” sign. With peaks that flirt with the stratosphere and temperatures that could ma...

As we enter May 2025, the Indian stock market finds itself at a delicate juncture. After a modest start to the year and a cautious April, investors are now assessing a complex interplay of macroeconomic, geopolitical, and corporate developments. With global uncertainty still looming and domestic factors offering mixed signals, the markets are expected to remain volatile yet opportunistic. Let’s dive deep into what lies ahead for Dalal Street this May. The Market's Mood: A Mixed Sentiment The year so far has not been overly bullish, nor has it been bearish. The Nifty 50 has registered a 2% gain year-to-date, and the Sensex has seen similar trends. Investors have remained largely stock-specific, driven more by earnings and sectoral developments than broad-based momentum. The market's tone has shifted from the exuberance of late 2024 to a more measured and discerning phase. The key technical levels to watch out for in May include the 23,800 level on the Nifty 50, which currently a...