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India’s GST regime in 2025 sees evolving rate structures and compliance updates, as the government aims to balance revenue, affordability, and competitiveness. Current slabs range from 0% to 28%, with additional concessional rates and compensation cess for certain goods.
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The CBIC implemented multiple GST changes effective between January and April 2025, including revised rates for welfare food schemes, used EVs, renewable energy devices, metal ores, and printed materials. Definitions under CGST Rate Notification 5/2025 were also clarified.
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From July 2025, stricter GST return filing rules apply: hard-locking GSTR-3B values to GSTR-1A data, introducing a three-year time limit for filing, and increasing scrutiny on high-value and cross-border transactions to enhance accuracy and compliance.
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The 56th GST Council meeting will likely address slab rationalization, inverted duty structure corrections, exemptions review, and possible GST rate cuts on insurance and drones. The GoM’s compensation cess report, due by June 30, 2025, may also influence future reforms.
Source: wwww.taxilla.com
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