New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common input tax credit (ITC) must be carried out exclusively through the ISD mechanism.

from Tax-Wealth-Economic Times https://ift.tt/6KBVj1R