The Next Generation 2.0 GST Rate Reform, effective September 22, 2025, marks a major overhaul of India's GST system. The reform simplifies rate slabs to 5%, 18%, and 40%, corrects inverted duty structures, merges the Compensation Cess, and revises exemptions for essential goods and services
The CBIC has issued Notification No. 45/2025-Customs dated October 24, 2025, consolidating 31 customs duty exemption notifications, including Notification No. 50/2017-Customs, into a single master notification effective from November 1, 2025.
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.
Activities to be Undertaken for GST Compliances of FY 2024-25 in March 2025
The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents a comprehensive overhaul of the existing tax framework. It consists of 536 claus..
Changes under Customs, Excise & Service Tax
The Finance Bill, 2025 has proposed changes in the CGST Act,2017 through Clauses 116 to 129 of the Finance Bill, 2025 in the CGST Act, 2017.
Changes under the Income Tax Law
1. Rule 36 - Documentary requirements and conditions for claiming input tax creditCBIC vide Notification No. 20/2024 - Central Tax dated October 08, 2024 w.e.f...
Common time limit for issuing demand notices and orders, regardless of whether the case involves fraud, suppression or willful misstatement
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)