GST News
GST Rate Cut to Lower Prices on Medicines, Groceries and Cars from September 22
22 September 2025 at 08:35India’s biggest GST price reset takes effect from September 22, 2025. Retailers, chemists, FMCG distributors, and auto dealers are rushing to update systems, relabel goods and pass on lower prices to consumers across medicines, groceries, and cars.
IRCTC Reduces Packaged Drinking Water Prices from September 22
22 September 2025 at 08:32From September 22, 2025, Indian Railways will reduce the price of packaged drinking water. A 1-litre bottle will cost Rs 14 instead of Rs 15, and 500ml bottles Rs 9 instead of Rs 10, applicable to Rail Neer and all IRCTC-approved brands.
GST 2.0 to Ease Tax Burden, Empower MSMEs and Strengthen Formal Economy
22 September 2025 at 08:29GST 2.0 will ease tax burden on households, empower MSMEs, and accelerate India’s formalisation drive. A FICCI report says more items will move to the 5% tax slab, reducing effective GST rates and boosting disposable incomes.
CBIC Clarifies Price Revision Rules After GST 2.0, Newspaper Ads Waived
20 September 2025 at 08:19CBIC FAQ-4 clarifies revised MRP rules after GST cuts. Newspaper ads waived; manufacturers must send circulars to dealers and ensure price compliance at retailer level.
Finance Ministry Issues Corrigenda to GST Rate Notifications
20 September 2025 at 07:49Finance Ministry issues corrigenda to GST rate notifications dated Sept 17, 2025, correcting minor errors in Central, Integrated and UT Tax rate entries.
Centre Rules Out Compensation to States for GST Rate Cuts, Says FM Sitharaman
20 September 2025 at 07:33FM Nirmala Sitharaman rules out compensation to states for GST rate cuts, says revenue loss is shared equally. GST 2.0 to inject Rs 2 lakh crore into the economy from September 22.
GST Revenues Hold Steady at 6.7% of GDP Despite Rate Cuts
20 September 2025 at 07:27India’s GST revenues have rebounded after past rate cuts, with the GST-to-GDP ratio stabilising at 6.7%. Economists say GST 2.0 may cause a short dip but boost compliance and growth in the medium term.
GST Reforms to Inject Rs 2 Lakh Crore Into Economy, Says FM Sitharaman
20 September 2025 at 07:13FM Nirmala Sitharaman says new GST reforms will inject ₹2 lakh crore into the economy, cut rates, ease compliance, and boost Bengal’s handicrafts, tea, jute and garment sectors ahead of Durga Puja.
Centre Warns Traders to Pass on GST 2.0 Benefits or Face Penalty
20 September 2025 at 07:01Centre warns traders to pass on GST 2.0 rate cut benefits to customers or face penalty. Govt may revive anti-profiteering provisions under Section 171.
CGST Ludhiana Cracks Rs 455 Crore Fake GST Invoice Racket, Two Arrested
20 September 2025 at 06:41CGST Ludhiana unearthed a fake GST invoice racket worth Rs 455 crore, arresting a father-son duo for availing bogus ITC of Rs 69.41 crore. Investigation continues.
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