GST

India’s GST Collections Rise 4.6% in October to ₹1.96 Trillion Despite Rate Cuts

India’s gross Goods and Services Tax (GST) collections rose 4.6% year-on-year to ₹1.96 trillion in October, driven by strong festive season demand despite recent tax rate cuts, according to government data released on Saturday. The rise came even after GST rates were reduced on 375 items — including household goods, electronics, and automobiles — effective […]

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GST Annual Return Filing Enabled for FY 2024–25 on GST Portal

The GST portal has been updated to enable online filing of the annual Goods and Services Tax (GST) return using Form GSTR-9 for the financial year 2024–25. Filing for the reconciliation statement (Form GSTR-9C) has also been activated. The deadline for filing both GSTR-9 and GSTR-9C is December 31, 2025, giving taxpayers a shorter window

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Big GST Change from today: Prices of Essentials Drop, Luxury Items to Cost More

The new Goods and Services Tax (GST) system across the country has rolled out from today, 22nd September. The earlier four tax slabs have now been simplified into just two—5% and 18%. This means many everyday items will get cheaper, while a few luxury goods and harmful products will see higher taxes. The decision was

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PM Modi Announces GST 2.0 Rollout, Calls It a ‘Festival of Savings’

New Delhi: Hours before the rollout of the much-anticipated GST 2.0 reforms, Prime Minister Narendra Modi on Sunday evening addressed the nation, describing the new tax regime as a “savings festival” that will benefit crores of Indians. Extending greetings on the eve of Navratri, the Prime Minister said, “Tomorrow marks the beginning of Navratri, the

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Centre Introduces Major GST Reforms; FM Nirmala Sitharaman Says All Citizens Will Benefit

Kolkata: The Centre has announced sweeping changes to the Goods and Services Tax (GST) structure, a move that will benefit every citizen of the country, Union Finance Minister Nirmala Sitharaman said on Thursday. Speaking at a talk show held at the National Library, the Finance Minister said, “From the moment people wake up in the

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Govt Directs Firms to Share Revised Prices After GST Rate Cuts

New Delhi: The Centre has directed companies to publish revised price lists of consumer goods, including automobiles and durables, reflecting the recent Goods and Services Tax (GST) reductions, The Economic Times reported. The revised lists, showing both pre- and post-GST rates, will be displayed on the official GST portal to ensure transparency and help consumers

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Big Changes in GST Structure, New Rates Effective from September 22

The central government has introduced major changes to the Goods and Services Tax (GST) structure. In its very first meeting on Wednesday, the GST Council approved the new framework, announced by Finance Minister Nirmala Sitharaman. From now on, only two standard rates will be applicable—5% and 18%. The 12% and 28% slabs have been removed,

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