-
Rate Consolidation: From 22 September 2025, India simplified GST rates from four to two: 18% standard and 5% reduced, while introducing a new 40% levy on select goods like tobacco.
-
Structural Simplifications: Reforms address inverted duty structures, streamline goods and services classification, and provide long-term policy clarity, reducing refund delays, minimizing disputes, and boosting investor and business confidence in India’s GST system.
-
Compliance Improvements: Measures include simplified registration, pre-filled GST returns, quicker refunds, and overall compliance ease to enhance India’s ease of doing business, with further review by the GST Council expected in October.
Source: vatcalc.com
Latest Posts in "India"
- Consumer Goods Companies Cut Prices as GST 2.0 Launches Monday
- GST Rate Changes Effective September 22, 2025: Key FAQs and Updates
- GST Rate Cut to 5% for Budget Hotels Under ₹7,500 Restricts Input Tax Credit
- Bombay HC Rules Freight Charges Reimbursed by Wholesalers Not Part of Sale Price
- GST Council announces major rate restructuring and exemptions
