GST News

Centre Rules Out Compensation to States for GST Rate Cuts, Says FM Sitharaman

20 September 2025 at 07:33

FM 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.

Posted in GST | 93 Views

GST Revenues Hold Steady at 6.7% of GDP Despite Rate Cuts

20 September 2025 at 07:27

India’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.

Posted in GST | 72 Views

GST Reforms to Inject Rs 2 Lakh Crore Into Economy, Says FM Sitharaman

20 September 2025 at 07:13

FM 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.

Posted in GST | 69 Views

Centre Warns Traders to Pass on GST 2.0 Benefits or Face Penalty

20 September 2025 at 07:01

Centre 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.

Posted in GST | 1026 Views

CGST Ludhiana Cracks Rs 455 Crore Fake GST Invoice Racket, Two Arrested

20 September 2025 at 06:41

CGST 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.

Posted in GST | 87 Views

CBIC Releases FAQs-3 on GST Rate Changes and Notifications Effective September 22, 2025

19 September 2025 at 09:17

CBIC issued FAQs-3 on September 18, 2025, clarifying new GST notifications released a day earlier. The update explains revised CGST rates, exemptions, handicraft tax treatment and compensation cess changes, effective from September 22, 2025.

Posted in GST | 1638 Views

GST Cut on Tractors and Agricultural Equipment: Govt to Ensure Farmers Get Full Benefit

19 September 2025 at 09:08

Union Agriculture Minister Shivraj Singh Chouhan will meet tractor and farm machinery associations in New Delhi to discuss GST reforms.

Posted in GST | 141 Views

GST on Renewable Energy Devices Rationalised to 5%

19 September 2025 at 09:01

India has slashed GST on renewable energy devices from 12% to 5% to make solar panels, rooftop systems and pumps cheaper.

Posted in GST | 192 Views

Packaged Commodities Rules Relaxed Amid GST Revision: Old Wrappers Allowed Till March 2026

19 September 2025 at 08:56

The Central Government has relaxed Legal Metrology rules for manufacturers, importers, and packers after the GST revision 2025. Revised price stickers are optional, newspaper ads waived, and old packaging can be used till March 2026.

Posted in GST | 606 Views

CBIC Notifies Third Amendment to CGST Rules, 2025

19 September 2025 at 08:47

Finance Ministry issues CGST Third Amendment Rules, 2025. Key updates in refunds, appeals and annual returns to ease compliance. Effective September 22, 2025.

Posted in GST | 1821 Views