Blog categorized as GST

The Central Board of Indirect Taxes and Customs (CBIC) has released a series of new and superseding notifications to update GST rates and regulations on goods.

• Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025 supersedes the earlier 2017 notification, incorporating the latest...

The Ministry of Finance has released a second set of Frequently Asked Questions (FAQs) to provide further clarification on key decisions made during the 56th GST Council meeting. These updates span across various sectors, including pharmaceuticals, construction, services, and logistics.

In the pharm...

The Ministry of Finance has released a set of FAQs clarifying the decisions made during the 56th GST Council meeting held in New Delhi. As per the announcement, changes in GST rates for most goods and services—excluding cigarettes, chewing tobacco, unmanufactured tobacco, and beedis—will come into e...

The 56th meeting of the GST Council, chaired by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman, introduced landmark reforms under the vision of “Next-generation GST” announced by Prime Minister Shri Narendra Modi. The recommendations focus on making GST simpler, more citizen-...

Objectives & Mechanism

One of the primary objectives of GST is to eliminate the cascading effect of multiple taxes by allowing businesses to set off prior taxes related to the same transactions through the Input Tax Credit (ITC) mechanism. GST ensures that tax is applied only to the net value ad...