GST News

FMCG Distributors Seek Clarity from Finance Minister on GST Rate Transition

25 August 2025 at 08:49

FMCG distributors urge Finance Minister to issue guidelines on GST rate cuts, warning of supply chain disruption, margin pressure and ITC concerns during the transition.

Posted in GST | 1 comments | 5943 Views

GoM Endorses GST Reform: Proposal to Cut Slabs from 4 to 2 Moves Forward

25 August 2025 at 08:42

GoM backs Centre’s proposal to simplify GST slabs from four to two, retaining 5% and 18% with a special 40% slab for luxury goods. States seek clarity on revenue loss before GST Council’s final call

Posted in GST | 246 Views

GST Rate Cuts to Cost Exchequer Rs 1.43 Lakh Crore, US Tariffs Threaten Growth

23 August 2025 at 09:37

HSBC warns that GST rate revisions could cost India Rs 1.43 lakh crore, while US tariffs of 25-50% may lower GDP growth by up to 70 basis points. States face fiscal strain under FRBM limits.

Posted in GST | 372 Views

GST Exemption on Health, Life Insurance Proposed; Experts Flag ITC Concerns

23 August 2025 at 09:28

GoM proposes GST exemption on health & life insurance premiums. Experts warn of input tax credit challenges; final call with GST Council.

Posted in GST | 1380 Views

GST Burden on Private Security Firms Unjust, Says CAPSI in Letter to PM Modi

23 August 2025 at 09:17

CAPSI urges PM Modi to review 18% GST on private security services, citing RCM disparity that impacts MSMEs and over 8.5 million workers.

Posted in GST | 1077 Views

56th GST Council Meeting Scheduled for 3rd to 4th September 2025

23 August 2025 at 09:06

GST Council to hold its 56th meeting on Sept 3-4, 2025, in New Delhi. Key tax policy discussions expected; agenda details to follow.

Posted in GST | 954 Views

GoM Backs Two-Slab GST Structure, Proposes 40% Rate on Luxury and Sin Goods

23 August 2025 at 08:53

GoM accepts Centre's proposal for two GST slabs of 5% and 18%, with a new 40% rate on luxury and sin goods; states seek extra cess to protect revenue.

Posted in GST | 1368 Views

GST Rate Cut Proposal Raises Centre-State Tensions Over Revenue

23 August 2025 at 08:47

PM Modi's plan to cut GST rates may cost states Rs 1.8 lakh crore annually, sparking fiscal tensions ahead of Diwali and Bihar elections.

Posted in GST | 1509 Views

GST Fraud Worth Rs 47.32 Crore Unearthed in Thane

23 August 2025 at 08:47

Thane GST officials arrest man in Rs 47.32 crore ITC fraud; incriminating evidence seized, probe underway to identify more suspects.

Posted in GST | 108 Views

Centre Proposes GST Exemption on Life and Health Insurance Premiums

22 August 2025 at 08:58

The Centre has proposed exempting individual life and health insurance policies from 18% GST, a move expected to make insurance more affordable. The GST Council will take the final decision based on the GoM's report.

Posted in GST | 1611 Views