CBIC warns of a short-term dip in GST collections after GST 2.0 rollout on Sept 22, but festive demand and tax cuts are set to boost sales and ease inflation.
GST rationalisation lowers costs, eases refunds for low-value e-commerce exports, supports MSMEs, fixes inverted duty structures, and boosts competitiveness.
GST reforms make cigarettes costlier at 40% tax, while bidi GST cut to 18% aims to protect jobs of 70 lakh workers, sparking debate on health and politics.
CBIC Chairman says next-gen GST rollout from Sept 22 will be glitch-free, with lower tax slabs, ITC flexibility, and festive season boost to demand.
CBIC clarifies GST on popcorn: both salted and caramel varieties will attract 5% tax under new rates, refuting earlier reports of 18% GST on caramel popcorn.
PM says NextGen GST reforms will empower dairy farmers, make products affordable, and boost rural economy by strengthening India’s dairy sector.
GST Council rationalizes rates for dairy sector; most products now taxed at Nil or 5%, boosting affordability, demand, and farmer income.
ICAI confirms CA Examinations September 2025 will be held as per notified schedule. Students must follow timetable and check updates on www.icai.org
GSTN introduces GST payment via UPI and Debit/Credit Cards across 24 States, including Delhi, Maharashtra and Mizoram, making tax compliance faster and easier.
GSTN adds DBS Bank India as an authorized bank for GST payments, raising the total to 32. Taxpayers can now use DBS for Net Banking and OTC payments, boosting convenience and compliance.
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