Category: GST Updates

Table of Contents Overview At its 56th meeting, the GST Council announced a sweeping rate rationalisation focused on the common citizen, labour-intensive industries, agriculture and health. The headline moves include exemptions for individual life and health insurance, a simpler two-rate structure, and large rate cuts across everyday goods. Implementation timeline “Simple Tax” structure (5% / […]

In a strong statement ahead of the upcoming GST Council meeting, Bharat Rashtra Samithi (BRS) Working President K. T. Rama Rao (KTR) has criticized the Central Government for what he called “cosmetic fixes” in the name of GST reforms. Through a detailed open letter and a tweet, KTR urged the Centre to focus on real […]

The much-awaited GST Reforms 2025 are set to bring major changes in India’s indirect tax system. With PM Modi’s push for a simplified structure, these reforms aim to reduce tax burden, encourage consumption, and make everyday essentials more affordable. Businesses, automobile buyers, and households are all expected to benefit from the upcoming GST changes 2025. […]

The Invoice Management System (IMS) is a powerful tool on the GST portal introduced in October 2024 to help taxpayers verify, manage, and respond to invoices issued by their suppliers—before those invoices affect their ITC (Input Tax Credit). Whether you’re a business owner, accountant, or GST consultant, this guide explains IMS in a clear, simple […]

The Goods and Services Tax Network (GSTN) has introduced significant changes to the refund filing process for several categories. These updates aim to simplify the process and make it more efficient for taxpayers. Here are the key changes: 1. Categories Affected The changes apply to the following refund categories: 2. Removal of Tax Period Selection […]