FAQs-3 on the decisions of the 56th GST Council held in New Delhi
Press Release issued on 18.09.2025
GST 2.0 to cut construction costs, boost housing demand from Sept 22
The Indian government’s “Next-Gen GST Reforms” are set to be implemented on Monday, September 22, 2025. These changes were approved by the GST Council led by Finance Minister Nirmala Sitharaman. It aims to simplify the tax structure by moving from a four-rate system (5%, 12%, 18%, 28%) to a primarily two-rate system: 5% (merit rate) and 18% (standard rate), in addition to a 40% special rate for sin/luxury goods.
GST Appellate Tribunal to see a glut of cases when it debuts in December
A glut of GST dispute cases will be transferred to the GST Appellate Tribunal as it starts hearings from December onward. As per the last count in 2023, there were 14,000 GST cases pending in different States and courts. Besides all the pending GST cases, fresh disputes will also be registered directly with the GST Appellate Tribunal from this month.
Price tags may drop, but GST cuts squeeze margins across FMCG chain
The GST Council’s recent move to bring several mass-consumption products under the 5 per cent slab was billed as a consumer-friendly step.
GST 2.0 to bring your power bill down by at least Rs 60
The change in GST rules by the Union govt will make electricity cheaper by at least 20 paise per unit for 1.77 crore consumers in Madhya Pradesh, resulting in a drop of at least Rs. 60 in monthly bills for those using 300 units of energy.
DRI unearths anti-dumping duty scam in import of Chinese goods in Tamil Nadu
The Directorate of Revenue Intelligence (DRI) has unearthed a massive scam involving the import of Chinese-made hydraulic rock breakers and chisels, mis-declared and routed through Malaysia to evade thousands of crores in anti-dumping duty (ADD).
Income Tax Department portal glitches have allegedly cost a Delhi-based chartered accountant’s client Rs 29.10 lakh, as the person failed to meet the second instalment of advance tax payment due date of September 15, 2025 for AY 2026-27, despite making several payment attempts before the due date.
One-time, One-way Switch facility from UPS to NPS made available to the Central Government Employees under specific conditions
Book: Foreign Trade Policy and Handbook of Procedures 2023 (Set of 2 Vols.)
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