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New Delhi: India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget. Next year will see the new simplified Income Tax Act, 2025, to come…
Last Updated:September 22, 2025, 10:39 is From today, everyday essentials such as soaps, hair oil, and shampoos, along with items like two-wheelers and cars, have become cheaper. Here’s a look at the GST reforms 2025. India’s major tax overhaul, dubbed GST 2.0, has come into effect today, September 22. GST Reforms 2025: India’s major tax…
New Delhi: In what comes as a relief to e-commerce exporters, the GST Council has approved DGFT’s proposal to eliminate the value threshold for GST refunds on low-value consignments. The relevant section of the CGST Act, 2017 will be amended to allow refunds for exports made with payment of tax, regardless of value. This long-awaited…
New Delhi: GST Council Meeting Outcome: The 56th meeting of the GST Council has announced the much anticipated big-bang reforms in GST tax structure. The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent. Chena or paneer, pre-packaged and labelled which was earlier taxed at…
New Delhi: Union Minister of Consumer Affairs, Food and Public Distribution Pralhad Joshi on Thursday launched the retail sale of onions at Rs 24 per kg in Delhi, Mumbai and Ahmedabad through outlets and mobile vans of NCCF, NAFED and Kendriya Bhandar and also through distribution partners of NAFED and NCCF as part of the…
New Delhi: The wide-ranging GST reforms are set to improve the lives of citizens and ensure ease of doing business for all, especially small traders, thus strengthening the economy. The changes in GST rates on services and goods other than cigarettes, chewing tobacco products like zarda, unmanufactured tobacco and beedi will be effective from September…
Last Updated:September 04, 2025, 08:34 is GST rate cut on groceries, medicines, restaurant meals, hotel stays and flights could ease monthly budget pressures for Indian households From your kitchen staples to bathroom essentials, the GST Council has slashed rates on a wide range of daily use products. India’s indirect tax system is undergoing its biggest…