GST News
CBIC Clarifies GST Applicability on Post-Sale Discounts by Manufacturers to Dealers
15 September 2025 at 08:30CBIC clarifies GST on post-sale discounts: routine trade discounts to dealers won’t attract GST, but promotional service-linked discounts will. The move reduces disputes, eases compliance, and aligns GST rules with commercial practices.
GST Rate Cuts: Food Industry Titans Promise Lower Prices for Consumers
13 September 2025 at 09:10Top food industry leaders including Amul, Britannia, Coca-Cola, PepsiCo and ITC pledge to pass on GST benefits to consumers under Next-Gen GST reforms.
ED Conducts Multi-State Raids in Rs 650 Crore Fake ITC Scam
13 September 2025 at 09:02ED 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.
56th GST Council Decisions to Benefit both Coal Producers and Consumers
13 September 2025 at 08:56The 56th GST Council meeting has reformed coal taxation by removing the Rs 400/ton GST compensation cess and raising GST from 5% to 18%.
CBIC Issues Directive for Monitoring Commodity Prices Post GST Rationalization
13 September 2025 at 08:52CBIC 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.
GST Reform: NPPA Directs Drug Makers to Pass on Benefits Through Revised MRPs from Sept 22
13 September 2025 at 08:48The 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.
GST Reforms: Centre Directs Businesses to Display GST Rate Cut Benefits on Consumer Goods from Sept 22
13 September 2025 at 08:38The 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.
Festive Season and GST Relief Cushion India's Jewellery Industry After US Tariff Blow
13 September 2025 at 08:38India’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.
GST Rate Cuts Set to Transform India's Pharma Industry, Make Life-Saving Drugs Cheaper
12 September 2025 at 08:38GST cuts slash drug prices in India; 36 life-saving medicines now GST-free. Pharma sector set for growth with cheaper therapies and wider access.
NBFC Loan Book to Grow 15-17% in FY26 on GST Reforms, Says ICRA
12 September 2025 at 08:38NBFC loan book to grow 15-17% in FY26, driven by GST reforms and liquidity, though asset quality risks remain, says Icra.
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