Gst Rule Changes
GST 3.0: Govt plans automated refunds on lines of income-tax system
Priya, however, refused to give a deadline. "We will have consultations to be done, adequate safeguards have to be put in place
 "GST 3.0: Govt plans automated refunds on lines of income-tax system")
GST rate cut from 12% to 5% poised to brighten India's art landscape
Auction houses, galleries say the rate cut from 12% to 5% will boost liquidity, attract younger collectors, fuel growth
 "GST rate cut from 12% to 5% poised to brighten India's art landscape")
GSTAT rollout from Oct to ease GST litigation and unlock business capital
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
 "GSTAT rollout from Oct to ease GST litigation and unlock business capital")
JP Nadda meets Amar Colony retailers as new GST rate cuts take effect
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
 "JP Nadda meets Amar Colony retailers as new GST rate cuts take effect")
GST reforms: Festival cheer for consumers but many suppliers face IDR
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
 "GST reforms: Festival cheer for consumers but many suppliers face IDR")
Shoppers hold tight to purses, awaiting new GST rates to take effect
Shradh season adds to caution, slowing retail demand
 "Shoppers hold tight to purses, awaiting new GST rates to take effect")
The reform agenda: Why pushing strategic disinvestment will be crucial
Simplifying the GST structure is not the only reform on the government's agenda.
 "The reform agenda: Why pushing strategic disinvestment will be crucial")
GST reforms: Taxation can't be an emotional decision, says FM Sitharaman
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
 "GST reforms: Taxation can't be an emotional decision, says FM Sitharaman")
GST rate rejig awakens the ghost of 2017 transition for FMCG players
Firms warn of teething troubles, seek time to rework SKUs and labels
 "GST rate rejig awakens the ghost of 2017 transition for FMCG players")
Sin goods to face extra levy over 40% GST: CBIC chief Sanjay Kumar Agarwal
CBIC chief says repayment of compensation cess loan likely to be completed by Dec-end
 "Sin goods to face extra levy over 40% GST: CBIC chief Sanjay Kumar Agarwal")
The steepest GST cut? Fiscal discipline opens door for tax rationalisation
The GST by its design was a destination-based tax, making it self-enforcing and addressing concerns of tax cascading
 "The steepest GST cut? Fiscal discipline opens door for tax rationalisation")
Input tax credit removal blunts impact of GST waiver on insurance
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)
 "Input tax credit removal blunts impact of GST waiver on insurance")
Will talk to industry bodies if lower rates not passed on: CBIC Chairman
Sanjay Agarwal says CBIC will flag cases with industry bodies if firms fail to pass on GST relief
 "Will talk to industry bodies if lower rates not passed on: CBIC Chairman")
New GST rates revive auto companies' hope for a festive sales spurt
Small petrol and diesel cars now attract only 18 per cent GST compared to 29-31 per cent earlier
 "New GST rates revive auto companies' hope for a festive sales spurt")
GST reforms boost cash flow, fueling co-working sector growth & innovation
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
 "GST reforms boost cash flow, fueling co-working sector growth & innovation")
IT, ITes, electronics industries welcome GST reforms strengthening exports
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
 "IT, ITes, electronics industries welcome GST reforms strengthening exports")
State govts welcome GST rate cuts, flag concerns over revenue loss
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
 "State govts welcome GST rate cuts, flag concerns over revenue loss")
No relief for brand M&As, purchases to continue attracting 18% GST
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
Are markets overoptimistic on GST rate overhaul as council meet gets going?
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
SEZ to DTA clearance of used machinery should be on depreciated value
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
 "SEZ to DTA clearance of used machinery should be on depreciated value")
