GST News

GST Rate Cuts: Food Industry Titans Promise Lower Prices for Consumers

13 September 2025 at 09:10

Top food industry leaders including Amul, Britannia, Coca-Cola, PepsiCo and ITC pledge to pass on GST benefits to consumers under Next-Gen GST reforms.

Posted in GST | 1 comments | 1479 Views

ED Conducts Multi-State Raids in Rs 650 Crore Fake ITC Scam

13 September 2025 at 09:02

ED raids across five states in Rs 650 crore fake Input Tax Credit scam. Firms accused of bogus GST invoices to launder money. Crackdown follows earlier Rs 750 crore ITC fraud probe linked to shell companies.

Posted in GST | 309 Views

56th GST Council Decisions to Benefit both Coal Producers and Consumers

13 September 2025 at 08:56

The 56th GST Council meeting has reformed coal taxation by removing the Rs 400/ton GST compensation cess and raising GST from 5% to 18%.

Posted in GST | 174 Views

CBIC Issues Directive for Monitoring Commodity Prices Post GST Rationalization

13 September 2025 at 08:52

CBIC has directed monthly monitoring of commodity prices before and after GST rate rationalization effective September 22, 2025. Reports to track MRP changes across food, toiletries, medicines, cement and more until March 2026.

Posted in GST | 1197 Views

GST Reform: NPPA Directs Drug Makers to Pass on Benefits Through Revised MRPs from Sept 22

13 September 2025 at 08:48

The National Pharmaceutical Pricing Authority (NPPA) has directed pharma firms to revise MRPs of medicines and medical devices from September 22, 2025, following the GST rate cut.

Posted in GST | 1455 Views

GST Reforms: Centre Directs Businesses to Display GST Rate Cut Benefits on Consumer Goods from Sept 22

13 September 2025 at 08:38

The government has asked businesses to display pre- and post-GST prices of consumer goods as new reforms roll out on Sept 22. Cars, durables and FMCG goods set to get cheaper.

Posted in GST | 17325 Views

Festive Season and GST Relief Cushion India's Jewellery Industry After US Tariff Blow

13 September 2025 at 08:38

India’s gems and jewellery sector faces a $10 billion export hit after the US hiked tariffs to 50%. Festive demand, GST reforms, and domestic consumption may soften the blow.

Posted in GST | 1383 Views