Learn how ITC works, who can claim it, and the compliance requirements under GST. Key takeaway: ITC can save costs but is not an automatic ...

The Goods and Services Tax (GST) Council has approved a fresh two-tier tax structure of 5 per cent and 18 per cent which will come into effect on September 22. Union Finance Minister Nirmala ...

GST 2.0: Big festive bonanza for consumers. Starting September 22, multiple products of daily use will see a price reduction as revised Goods and Services Tax (GST) of two slabs come into effect.

Union Finance Minister Nirmala Sitharaman chaired the 56th GST Council meeting on September 3, 2025. The council approved major tax rate cuts, bringing some items down from 28 per cent to 18 per cent ...

GST Rate Changes: The revised GST rates will come into effect on September 22. The Goods and Services Tax (GST) Council on Wednesday approved a complete overhaul of India's tax consumption tax since ...

In a major tax reform, the GST Council on Wednesday agreed to cut GST slabs to two: 5% and 18%. The existing 12% and 28% will be eliminated, effectively reducing the prices of several items. In a late ...

Summary of GST provisions on detention of goods and vehicles, e-way bill compliance, penalty, appeal, and refund procedures under Sections 68 and ...

New GST rates from today: Medicines that were earlier taxed at 12% will now fall into the 5% category. (Image: Reuters) GST New Rates Today: Ringing in the festive cheer, Indian taxpayers are ready to ...

Gross GST collections in October rose 4.6% to Rs 1.95 lakh crore. For April-October, collections grew 9.0% to Rs 13.89 lakh ...