GST Rule Changes

Priya, however, refused to give a deadline. "We will have consultations to be done, adequate safeguards have to be put in place

Auction houses, galleries say the rate cut from 12% to 5% will boost liquidity, attract younger collectors, fuel growth

The GST Appellate Tribunal will begin phased rollout in October 2025 with digital filing, faster appeals, and backlog clearance to ease GST litigation and free up capital

JP Nadda visited Amar Colony market as new GST rates came into effect, urging retailers to pass on benefits to consumers and promote Swadeshi products this festive season

In his Independence Day speech, our Prime Minister announced a Diwali gift by way of significant reductions in the GST rates and simplification of processes

Shradh season adds to caution, slowing retail demand

Simplifying the GST structure is not the only reform on the government's agenda.

Days after the big-bang GST reform announcement, FM Nirmala Sitharaman, at her North Block office on Saturday, spoke at length on a range of issues in an hourlong interaction with Business Standard

Firms warn of teething troubles, seek time to rework SKUs and labels

CBIC chief says repayment of compensation cess loan likely to be completed by Dec-end

The GST by its design was a destination-based tax, making it self-enforcing and addressing concerns of tax cascading

While the GST exemption on health and life insurance premiums will lower costs for consumers, insurers will absorb some impact due to the removal of input tax credit (ITC)

Sanjay Agarwal says CBIC will flag cases with industry bodies if firms fail to pass on GST relief

Small petrol and diesel cars now attract only 18 per cent GST compared to 29-31 per cent earlier

GST reforms are set to accelerate India's co-working sector growth by reducing construction material costs, improving cash flow, & supporting demand from start-ups & enterprises, say industry experts

Nasscom and the electronics manufacturing industry have welcomed the GST reforms, highlighting the positive impact on exports, ease of doing business, and future opportunities for digital inclusion

State governments, including from the INDIA bloc, welcomed the new GST rates but expressed concerns over potential revenue losses, calling for extended compensation and changes in tax provisions

India will continue to impose 18% GST on standalone brand purchases, with no relief for companies involved in brand M&As. Business acquisitions, however, remain exempt under existing GST rules

Any disappointment on the rate front, analysts believe, could trigger a knee jerk correction fall in the stocks and sectors that have seen a good run in the last few weeks

Despite GST treating intermediary services as domestic supply, other laws like FEMA and FTDR Act recognise them as exports; SEZ units must pay duty on depreciated value