GST Articles

Goods and Services Now Attract Lower Taxes and What Still Don't

Srinidhi S 18 September 2025 at 12:33

India's GST undergoes major rationalisation from September 22, 2025, with 12% & 28% slabs removed and a new 40% rate for luxury goods. Key exemptions, thresholds, and rates on essentials, apparel, footwear, services, exports and precious metals remain unchanged.

New GST on Sporting Event: Exemption for Low-Priced Tickets

Poojitha Raam Vinay 18 September 2025 at 11:48

In a significant move, the Goods and Services Tax (GST) Council has restructured tax rates for sporting events in India, introducing a 40% GST slab for high-pro..

FAQ on GST Rate Rationalization Based on Recommendations in its 56th Council Meeting

Mitali 16 September 2025 at 13:59

Get clarity on GST and pricing rules from NPPA and the 56th GST Council decisions covering MRP re-labelling of medicines, uniform 5% GST on drones, GST on bricks, exemptions on insurance, hotel accommodation rates, beauty services, job work, multimodal transport, ECO liability on local delivery, and leasing/renting services.

GST 2.0 Arrives: Threshold for GST Registration Still on 1.0

Chaitra Seetharam 15 September 2025 at 12:04

GST 2.0, launched on September 22, 2025, streamlines India’s indirect tax system with simplified slabs (5%, 18%, 40%), faster refunds, and easier compliance. However, GST registration thresholds remain unchanged at Rs 40 lakh for goods and ₹20 lakh for services in regular states.

56th GST Council Meeting: Key Recommendations and Implications

CA.Sangam Aggarwal 15 September 2025 at 08:23

The 56th GST Council meeting on 3rd Sept 2025 introduced major GST rate cuts, exemptions, ITC changes, GSTAT roll-out, and compliance reforms. Learn key timelines, sectoral impacts, and business implications.

Practical FAQs on Price Revision under GST 2.0 w.e.f. 22nd September 2025

Bimal Jain 13 September 2025 at 11:54

Explore FAQs on GST 2.0 and the end of anti-profiteering under Section 171 of the CGST Act from March 31, 2025. Learn compliance rules on MRP revisions, consumer protection, legal precedents, DoCA circulars and business obligations under GST rate changes.

Goods in Transit: E-Way Bill Validity During GST Rate Change

Chaitra Seetharam 12 September 2025 at 16:36

GST rates changing from 22 September 2025? Do you really need to cancel e-way bills in transit or do they remain valid?

How GST Changes in Mining Will Benefit Housing and Small Businesses?

Mitali 12 September 2025 at 12:01

Explore how the recent GST reforms in the mining sector can boost the housing industry and support small-scale enterprises in India.

GST Alert Circular No. 59/2025-26: Comprehensive Analysis of Fraudulent Input Tax Credit Scheme Through Non-Existent Entity

CA Varun Gupta 12 September 2025 at 08:33

CGST Delhi North busts Rs 6.01 crore fake ITC fraud by Ajay Trading Co. Read how DGARM detected the racket, legal violations under GST laws and enforcement actions with key lessons for taxpayers on compliance and vendor due diligence

The Increasing Complexities of Departmental Audit under GST: Judicial Safeguards for Taxpayers

Abhishek Raja 12 September 2025 at 08:27

Explore key court rulings on GST departmental audits under Section 65 of the CGST Act, 2017. Learn how Indian courts safeguard taxpayer rights, enforce timelines, and uphold principles of natural justice against arbitrary departmental actions