The Centre has notified Nil compensation cess on several goods under GST through Notification No. 03/2025, effective from February 1, 2026, following GST Council recommendations.
Government notifies GST rate changes for tobacco, pan masala, cigarettes and biris. New higher GST slabs to apply from February 1, 2026, as Schedule VII is removed.
FMCG sales volumes rose 9-10% in the December quarter after GST rates on daily essentials were cut, signalling a revival in consumer demand, according to NielsenIQ data.
GSTN to soon block excess ITC reclaims and RCM ITC claims. Negative ledger balances may stop GSTR-3B filing. Key compliance changes explained.
Eight arrested after UP STF exposed a major GST scam involving shell companies, fake e-way bills and illegal ITC worth Rs 500 crore.
Mumbai police booked a former accountant of a film production company for allegedly embezzling Rs 56 lakh meant for GST payment, raising dues to Rs 65.82 lakh.
GSTAT allocates benches to all its members, taking a key step towards operationalising the GST Appellate Tribunal and streamlining GST dispute resolution.
Delhi HC hears plea for GST reduction on air purifiers as Centre flags constitutional concerns and says decision lies with GST Council.
Tax practitioners' bodies including BCAS and Malad Chamber seek extension of GSTR-9 and GSTR-9C due date for FY 2024-25 citing form changes and technical issues.
India’s 2025 tax overhaul saw major GST rate cuts and higher income tax exemption limits. With GST and IT reforms largely in place, the government is now shifting focus to customs duty rationalisation and procedural simplification in the upcoming Budget.
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