What is Rule 14A? Rule 14A is a newly introduced sub-rule under the Central Goods and Services Tax Rules, 2017 (CGST Rules) that provides an optional, simplified electronic registration route for certain small taxpayers. Under this rule, a person applying for GST registration (under Rule 8) may choose to opt for a faster, largely automated […]
India has entered a new tax era as the much-awaited GST 2.0 reforms officially came into effect today, September 22, 2025. The move brings a mix of relief and surprises for consumers. While many daily essentials and household goods are now cheaper, the government has slapped a hefty 40% GST slab on a range of
India’s Goods and Services Tax (GST) has entered a new phase with the rollout of GST 2.0, effective from 22 September 2025. The reform is designed to simplify the indirect tax structure, rationalize slabs, and reduce the burden on consumers and businesses. A key change lies in the HSN-wise (Harmonised System of Nomenclature) GST rate
India’s GST (Goods & Services Tax) regime is being overhauled. Key reforms from the 56th GST Council meeting include: These changes aim to reduce tax burden on common/necessary goods, simplify compliance, reduce classification issues, make prices more predictable, and hopefully spur consumption. What will become cheaper (from 22 September) Here are specific categories/items that will
In a landmark decision, the GST Council has announced a new two-slab GST structure and removed health and life insurance premiums from the tax net. The reform, hailed as “Next-Generation GST,” was approved during the Council’s meeting chaired by Finance Minister Nirmala Sitharaman. From September 22, 2025, only two GST slabs — 5% and 18%
In a major overhaul of India’s indirect tax system, the GST Council has approved the government’s proposal to reduce the number of tax slabs to just two — 5% and 18%. At the same time, the Council has also introduced a 40% “special GST” for harmful and luxury goods. Finance Minister Nirmala Sitharaman, addressing the
In a major announcement ahead of Diwali, Finance Minister Nirmala Sitharaman unveiled sweeping GST reforms after the GST Council meeting, aimed at easing the tax burden on households, farmers, and businesses. Highlighting the government’s focus on simplification, Sitharaman said Prime Minister Narendra Modi had set the direction for next-generation reforms in his Independence Day address,
