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With the revised GST rates on375 items set to come into effect from September 22, the Central Board of Indirect Taxes and Customs (CBIC) has emphasized the importance of proactive outreach to ensure a smooth transition for businesses and consumers. CBIC Chairman Sanjay Kumar Agarwal, in his weekly
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FAQ :
The revised GST rates for 375 items come into effect from September 22.
The reforms aim to simplify the tax structure, ease household budgets, stimulate production, create jobs, enhance exports, and improve the ease of doing business.
The CBIC Chairman has emphasised the importance of proactive outreach, awareness campaigns, and handholding by tax officers to ensure a smooth transition for businesses and consumers.
The existing four-slab structure is being replaced by a simplified two-tier system of 5% and 18%. A special 40% rate is maintained for ultra-luxury items and tobacco products.
Yes, a simplified GST registration scheme is planned from November 1, 2025, with automated registration within three working days for eligible applicants. Optional compliance flexibility and faster refund clearances are also approved.
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