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GST 2.0 cuts tax on packaged food to 5% and exempts staples like bread, milk, and paneer from Sep 22, 2025, aiming for price reductions and demand volume growth in the FMCG sector....

Summary of GST Rule 89(5) for Inverted Duty Structure refund: Formula, eligibility for ITC on inputs only, and process for filing FORM GST RFD-01 claim....

Notification 02/2025-Compensation Cess (Rate) amends the GST compensation cess schedule, substituting the rate with "Nil" for specified items from September 22, 2025....

CBIC clarifies GST on post-sale discounts: No ITC reversal required for financial credit notes. Explains when discounts are 'consideration' or payment for services....

The implementation of the Goods and Services Tax (GST) on July 1, 2017, signified a pivotal development in India’s fiscal and constitutional progression. More than merely a tax reform, the GST represented an ambitious endeavor in cooperative federalism, aiming to consolidate over a dozen central and state indirect taxes into a cohes...

GST 2.0 simplifies compliance, reduces tax costs, and ensures faster refunds, enabling MSMEs to scale operations, access incentives, and improve cash flow....

GST on marble, travertine, and granite blocks has been reduced to 5% effective 22nd September 2025, lowering input costs for suppliers, improving cash flow, and making construction materials more affordable....

GSTAT President mandates a staggered schedule for filing GST appeals to avoid portal overload. Timelines are based on the date the First Appellate or Revisional Authority order was issued....

The GSTAT is the new single forum for central and state GST appeals. Learn about its function, staggered filing deadlines for backlog appeals, and role in advance rulings....

The 2025 GST reform simplifies SUV tax: Compact SUVs now 18% GST, larger models 40%, and all Electric SUVs remain at 5%. Compensation Cess abolished....