In a major relief for the industry, the Centre has allowed consumer products companies to revise MRP of unsold stocks in line with new GST rates using stamping, stickers and online printing.
The Central Board of Indirect Taxes and Customs (CBIC) has dismissed a viral message circulating on social media that claimed that the new transition benefits under the revised GST rules will be applicable from September 22, 2025.
The GST Council has given relief to businesses, particularly fast-moving consumer goods companies, by removing the rule that required credit notes to be linked with invoices.
The government is keenly monitoring businesses and industry to ensure that the GST rate cuts, effective from September 22, first day of Navratri, reach the common person.
The Indian government is working on a comprehensive package to support Indian exporters impacted by a steep 50 per cent tariff imposed by the US, Finance Minister Nirmala Sitharaman has said, asserting a multi-departmental engagement is underway to assess the impact on Indian shipments.
In an inter-ministerial review chaired by Cabinet Secretary TV Somanathan ahead of the September 22 rollout of GST reforms, officials discussed ways to deal with sectoral concerns over compensation cess, unused input tax credit (ITC), and the inverted duty structure, Business Standard has reported.
Analysis of rate reduction from 18% to 5% w.e.f 22.09.2025 in view of 56th GSC meeting Recommendation
While GST 2.0 has made a large number daily essentials cheaper, wheat flour, the main ingredient used by households for making a variety of Indian breads at home continues to have 5% GST.
he Goods and Services Tax (GST) Council has brought sweeping reforms across various sectors, with the defence industry emerging as one of the biggest beneficiaries.
Renault India on Saturday (September 6, 2025) said it will reduce prices of its vehicles by up to ₹96,395 to pass on full benefit of the recent GST rate cut to buyers.
