GST News

CBIC Notifies Major GST Rate Changes on Services Effective September 22, 2025

18 September 2025 at 08:29

The Finance Ministry has notified GST Notification No. 15/2025 revising tax rates on services including transport, courier, job work, wellness and professional services.

Posted in GST | 3678 Views

Finance Ministry Clarifies: Hotels up to Rs 7500 Tariff to Pay 5% GST Without ITC

18 September 2025 at 08:19

Finance Ministry clarifies hotels charging up to Rs 7,500 per room per day will pay 5% GST without ITC, raising concerns for the hospitality sector.

Posted in GST | 1005 Views

No Recall or Re-Labelling Needed for Medicines Before Sept 22: Finance Ministry Clarifies

18 September 2025 at 08:19

Finance Ministry FAQs clarify GST changes on medicines, drones, hotels, insurance & delivery services. No recall or re-labelling needed before Sept 22.

Posted in GST | 93 Views

NPPA Fixes Retail Prices of Key Combination Drugs Exclusive of GST

17 September 2025 at 08:59

NPPA fixes retail prices of key drug combinations for diabetes and pain relief, ensuring affordability under the DPCO, 2013.

Posted in GST | 1443 Views

Finance Ministry to Examine Uniform GST Treatment for Micronutrient Fertilisers

17 September 2025 at 08:52

Finance Ministry may review IMMA’s plea to keep all micronutrient fertilisers under 5% GST, addressing concerns over inverted duty and farm costs.

Posted in GST | 201 Views

Insurance Industry Faces Backlash Over Premium Hikes Despite GST Exemption

17 September 2025 at 08:46

Insurers face backlash for raising premiums despite GST exemption on health and life insurance; analysts accuse regulator IRDAI of inaction.

Posted in GST | 4 comments | 15897 Views

GST Invoicing May Replace Transit Passes in Mineral Transport to Curb Revenue Losses

17 September 2025 at 08:40

India may phase out the transit pass system for mineral transport and shift to GST invoicing to boost transparency and curb revenue leakages.

Posted in GST | 3168 Views

Insurance Premiums at 0% GST: Industry Awaits Clarity on ITC

17 September 2025 at 08:34

Experts caution that the benefit depends on whether premiums are nil-rated or exempt, a distinction that could decide if policyholders save or face higher costs.

Posted in GST | 144 Views

FHRAI Urges GST Council to Restore ITC, Warns of Cost Burden on Hotels

17 September 2025 at 08:34

FHRAI has urged the GST Council to restore input tax credit (ITC) after its withdrawal on hotel rooms below Rs 7,500. The body warns that rising costs could strain mid-scale hotels, deter reinvestment, and weaken India’s global competitiveness.

Posted in GST | 120 Views

Insurance Companies Asked to Step Up Outreach After GST Exemption on Life and Health Policies

17 September 2025 at 08:33

The Finance Ministry has directed insurance companies to actively promote GST exemption on individual life and health policies. The reform is set to make insurance more affordable, improve financial security and boost insurance penetration across India.

Posted in GST | 129 Views