Articles by Bimal Jain

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GST 2.0 Next Generation Reform: Streamlined Notifications issued for GST Rates and Exemptions w.e.f. September 22, 2025

  Bimal Jain    05 November 2025 at 11:24

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



Consolidation of Customs Notifications applicable w.e.f. November 01, 2025

  Bimal Jain    01 November 2025 at 10:32

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.



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.



GST Compliance Checklist for FY 2024-25: Key Activities to Complete Before March 2025

  Bimal Jain    10 March 2025 at 10:24

Activities to be Undertaken for GST Compliances of FY 2024-25 in March 2025



Important Key Points about the New Income Tax Bill, 2025

  Bimal Jain    13 February 2025 at 17:54

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: Key Highlights of Union Budget 2025-26

  Bimal Jain    04 February 2025 at 10:09

Changes under Customs, Excise & Service Tax



Key Highlights of Union Budget 2025-26: Changes under GST Law

  Bimal Jain    03 February 2025 at 15:39

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.



Key Highlights of Union Budget 2025-26: Changes under the Income Tax Law

  Bimal Jain    03 February 2025 at 14:43

Changes under the Income Tax Law



Recent Important Amendments in the CGST Rules

  Bimal Jain    19 October 2024 at 11:47

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 Demand Notices: Key Implications for Cases Involving Fraud, Suppression, or Willful Misstatement

  Bimal Jain    05 October 2024 at 14:19

Common time limit for issuing demand notices and orders, regardless of whether the case involves fraud, suppression or willful misstatement




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