Goods and Services Tax
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UTGST Rate Changes on Motor Vehicles Effective 22 Sept 2025
UTGST on Petroleum operations Raised to 18% from 22nd Sept 2025
UTGST Exemption on Food, Seeds, live animals, Agriculture, Medicines & Daily Use Goods
New UTGST Rates for Goods wef 22nd September 2025
Notification No. 02/2025-Compensation Cess (Rate), Dated: 17th September, 2025
IGST Rules Amended for Local Delivery via E-Commerce wef 22nd Sept 2025
IGST Exemptions on Insurance and E-Commerce Delivery wef 22nd Sept 2025
New IGST Rate for Bricks and Tiles Set at 12% wef 22nd September 2025
Govt notifies IGST Rates for Handicrafts, Artware & Jewellery wef 22nd Sep 2025
IGST Rate Changes on Motor Vehicles Effective 22 Sept 2025
IGST enhanced to 18% Effective from 22nd Sept 2025 on Petroleum operations
New IGST Exemption List: Food, Handcrafts, and Medical Items Now Tax-Free
New IGST Rates 2025 for Inter-State Goods wef 22nd September 2025
GST on Local Delivery: E-commerce Rule Change
Goods and Services Tax India
The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.
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