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Tax Guru

FAQ-3: GST Rate Updates for Goods & Handicrafts – 56th Council

CBIC has released new notifications on September 17, 2025, to update CGST rates on goods, exemptions, and compensation cess rates for various ...

GST 2.0: Key changes effective September 22; explained in FAQs

The 56th GST Council, convened on September 3, 2025, announced significant GST regime revisions effective September 22, 2025. These changes streamline the tax structure to two rates: 5% for essential ...

All You Need To Know About Notifications Issued Under GST 2.0 Reforms

The Finance Ministry on Thursday issued a list of six Frequently Asked Questions on GST 2.0 relating to the new notification ...
The Financial Express

No ITC for retail health and life insurance: 2nd FAQ on GST

The Centre on Tuesday clarified that only reinsurance services will be exempted, but input tax credit (ITC) on tax paid on ...
News Heads

Brick manufacturers across India angry over no reduction in GST on red bricks, announce nationwide protest

Food, clothing, and shelter are the basic necessities of life. Every individual dreams of building a home for themselves and ...
Tax Guru

FAQs-2 on decisions of 56th GST Council

The Ministry of Finance issues FAQs clarifying new GST rates on medicines, drones, bricks, and insurance. Learn about changes ...

GST 2.0: Drug re-labeling not required for stocks already in market

The government has clarified that medicines already in the supply chain before September 22, 2025, will not need to be ...
Governance Now

New GST rates: Should medicines be recalled for relabeling MRP?

NITI Aayog on Monday launched two transformative initiatives, AI for Viksit Bharat Roadmap: Opportunity for Accelerated Economic Growth and NITI Frontier Tech Repository under its Frontier Tech Hub.