Goods and Services Tax

GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
GST
Dated:- 5-9-2025
PTI
Kolkata, Sep 5 (PTI) The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.
The government estimates the net fiscal impact of GST rates rationalisation will be Rs 48,000 crore on an annualised basis.
According to the report, given the growth and consumption boost, the minimal revenue loss is estimated at Rs 3,700 crore and will have no impact on the fiscal deficit.
At the 56th meeting of GST Council held few days ago, the current four-tier structure has been replaced with a two-tier one, with a standard rate of 18 per cent

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Stock markets rally in early trade; Sensex climbs over 300 points
GST
Dated:- 5-9-2025
PTI
Mumbai, Sep 5 (PTI) Benchmark equity indices Sensex and Nifty rallied in early trade on Friday, buoyed by GST rate cuts announcement and a positive trend in global markets.
The 30-share BSE Sensex climbed 318.55 points to 81,036.56 in early trade. The 50-share NSE Nifty rallied 98.05 points to 24,832.35.
From the Sensex firms, Mahindra & Mahindra, Trent, Tata Motors, Asian Paints, Power Grid, and Reliance Industries were among the gainers.
ITC, Hindustan Unilever, NTPC, and Sun Pharma were among the laggards.
Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health an

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Matter remitted for de novo adjudication; appellants to file additional reply, get personal hearing, 75% disputed tax held as deposit
Case-Laws
GST
The HC set aside the orders of the appellate and adjudicating authorities and disposed of the statutory appeal and accompanying writ, remitting the matter to the Assistant Commissioner, N.S. Road, Burrabazar, West Bengal for de novo adjudication. The appellants are directed to file an additional reply with supporting documents within three w

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Writ dismissed as premature; liberty to file appeal under Govt Circular Paras 4-5, pre-deposit under Section 112(8) required
Case-Laws
GST
The HC dismissed the writ petition as premature and granted the petitioner liberty to file an appeal before the Appellate Tribunal in accordance with Paragraphs 4 and 5 of the Government Circular dated 11.07.2024; the petitioner is directed to furnish the prescribed pre-deposit under Section 112(8) of the CGST Act and the requisite undertaking/affida

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Petition allowed, impugned orders quashed and deposit refunded; no mens rea or tax evasion; section 129(3) proceedings unsustainable
Case-Laws
GST
The HC allowed the petition and quashed the impugned orders, directing refund of the amount deposited by the petitioner. The court held that interception and seizure of electronic goods on account of a mismatch between the vehicle number in transport documents and the actual conveyance, coupled with non-updation of the e-way bill by the trans

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Re-imposed demands abandoned earlier cannot be revived without fresh adjudication; only remitted issues may face appellate remedy
Case-Laws
GST
The HC set aside the re-imposition of previously dropped demands relating to sub-contracting services and mobilisation advances, holding that those demands had been abandoned in earlier orders and were not before the appellate tribunal on remand; consequently they could not be resurrected without fresh adjudication or express direction. The cour

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Retrospective GST registration cancellation set aside; authority must allow reply and reconsideration, petitioner permitted to respond by 15 October 2025
Case-Laws
GST
The HC set aside the impugned order of retrospective cancellation of the petitioner's GST registration, finding that retrospective cancellation is unsustainable where the show-cause notice did not contemplate retrospective effect and principles of natural justice were infringed by the petitioner's failure to file a reply

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Writ dismissed; GST registration to be restored if petitioner files outstanding returns and pays taxes, penalties, interest in seven days
Case-Laws
GST
The HC dismissed the writ petition without adjudicating merits and directed restoration of the petitioner's GST registration subject to strict conditions. The petitioner must file outstanding returns and deposit taxes, penalties and interest within seven days; upon completion of requisite formalities the Competent Authority shall immedia

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GST reforms to boost swadeshi, self-reliance: UP CM Adityanath
GST
Dated:- 5-9-2025
PTI
Gorakhpur/Lucknow, Sep 4 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Thursday hailed the Centre's Goods and Services Tax (GST) reforms as a “next-generation tax revolution”, while Samajwadi Party (SP) president Akhilesh Yadav called those a “betrayal of the public”.
Adityanath thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the GST rate cut, saying the two-slab structure of 5 per cent and 18 per cent would ease household expenses, strengthen purchasing power and accelerate India's journey towards self-reliance.
Essential items like food, medicines and educational material will attract 0 to 5 per ce

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s, boost disposable income and strengthen the economy in the coming quarters.
However, the SP chief slammed the ruling Bharatiya Janata Party (BJP), accusing it of “looting” citizens for 10 years through a “flawed GST regime” that has fuelled inflation and unemployment.
“The poor, farmers and middle class have been crushed, while the government has overtaxed people and betrayed their trust,” Yadav said, addressing party workers in Lucknow.
Earlier in the day, Adityanath asserted that the GST reforms would give fresh momentum to agriculture, MSMEs, startups, women entrepreneurs and youngsters.
Faster refunds, simpler compliance and easier registration will ease business operations, while greater transparency in tax administration will st

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GST reforms to strengthen India's clean-energy transition: Environment minister
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) Union Environment Minister Bhupender Yadav on Thursday described the government's overhaul of the Goods and Services Tax (GST) as a “historic Diwali gift” that will strengthen India's clean-energy transition.
In a post on X, Yadav said, “The GST rationalisation ensures that renewable energy remains the backbone of India's climate strategy.” In another post

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India's exports this year to be higher than 2024-25: Goyal
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) India's exports during the current financial year would be higher than 2024-24, said Union Minister Piyush Goyal on Thursday, while asserting the government is working at a fast pace for diversification of outbound shipments.
The commerce and industry minister also said the industry has committed to pass on the benefits of the GST rate reduction to consumers.
“This has been a very special year for consumers,” he said while referring to the Income Tax benefits effected through the Union Budget and GST reforms announced on Wednesday evening.
Talking to reporters here, the minister said the reforms announced on the GST f

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s exports crossed USD 820 billion in 2024-25, marking a nearly 6 per cent increase over the previous fiscal year despite global economic uncertainties. The exports stood at USD 778 billion in 2023-24.
When asked how GST rate cut would help exports, Goyal said it will help all sections of industry.
“Those exporters who have been affected by any action, by a third country, will also get a chance to try and capture bigger Indian market and continue their business uninterrupted. So I think it's a win win for all,” he said.
To a query regarding diversification of export markets in the wake of challenges posed by US tariffs, Goyal said the government is already making efforts to promote new markets and new products going out form India.
H

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umer.
The ministry further said that the key takeaways from GST rationalisation for exporters include lower costs and global competitiveness; boost to MSMEs and export-oriented sectors; efficient supply chains and logistics; support for innovation and new products; and sustainable and structured growth.
“The rationalisation of GST is expected to lower input costs for MSMEs and exporters, reduce inflationary pressures on consumers, and correct structural anomalies such as inverted duty structures,” the ministry said.
Commerce Secretary Sunil Barthwal described rationalisation of GST rates as a decisive step in strengthening India's manufacturing base, empowering MSMEs, and enhancing the competitiveness of Indian goods in domestic and i

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Bengal''s healthcare leaders welcome GST reforms, highlight impact on affordability, access
GST
Dated:- 4-9-2025
PTI
Kolkata, Sep 4 (PTI) Prominent personalities of West Bengal’s healthcare sector on Thursday welcomed the GST rate rationalisation, calling it a critical step toward improving access, affordability, and insurance coverage in the country's healthcare system.
The GST Council on Wednesday made sweeping changes to the indirect tax regime, approving an overhaul of rates by limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Rupak Barua, managing director and CEO of Woodlands Multispeciality Hospital Limited, emphasised the far-reaching impact of the tax reductions.

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ill be if this step brings direct relief to patients and their families,” Datta said.
Chairman and managing director of Desun Hospital, Sajal Dutta, highlighted the tangible financial relief expected from the reforms.
“It's a welcome step that will directly ease the burden on patients and families. Combined with lower GST on medical insurance, this move will reduce out-of-pocket expenses and make quality care more affordable. On average, hospitalisation costs could come down by 8-10 per cent, offering much-needed financial relief across the healthcare sector,” Datta said.
Adding further perspective, Dr Sudipta Mitra, chief executive of Peerless Hospital, said the reduction would bring much relief to patients.
“This would bring much

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Farmer's body, govt, opposition hail reduction in GST slabs
GST
Dated:- 4-9-2025
PTI
Shimla, Sep 4 (PTI) The state government, opposition and farmers' body have hailed the decision to slash Goods and Service Tax (GST) on several items and eliminate 28 per cent and 12 per cent slabs, describing it a big relief to people.
“The Congress party has been pressing for these reforms for a long time, and finally, the GST council has taken a decision, which is in the larger interest of the country as multiple slabs were putting a heavy burden on consumers,” Naresh Chauhan, Media advisor to Chief Minister Sukhvinder Singh Sukhu, said on Thursday.
The GST system was cumbersome right from the beginning due to many slabs, and Congress leade

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Minister Nirmala Sitaraman, Chauhan said.
Leader of the opposition and former Himachal chief minister Jai Ram Thakur said that Prime Minister Narendra Modi announced on August 15 that major reforms would be brought in GST, and the GST Council has taken a decision, which will give big relief to people, particularly to the agriculture community, as agricultural inputs and other equipment would be cheaper.
Further, major relief has been given in medicines, and tax has been completely abolished on generic and life-saving drugs, and other drugs attract five per cent tax, he said, adding that it would not only be a relief for people but also boost “Swadeshi products”.
Fruit Vegetable Flower Growers Association President of the state Harish Cha

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BJP hails GST reforms as 'historic measure' to help common people, Oppn seeks 5 yrs more compensation to states
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) The BJP on Thursday hailed the GST reforms as a historic measure that will benefit every section of society, while Opposition parties demanded that states be given compensation for five years for revenue losses.
The Opposition parties also hoped that reduction in rates would be passed on to consumers, even as the Congress said this reform is “GST 1.5” and wait for the “true GST 2.0” remains.
Wide-ranging reforms were announced by the GST Council on Wednesday, doing away with tax slabs of 28 per cent and 12 per cent, and initiating only two slabs of 5 per cent and 18 per cent under the tax regime.
West Bengal Chief Minister Mamata Banerjee took credit for the GST Council decision to slash tax rates, saying, “I had demanded that insurance be exempted from GST. They were forced to do it. It was our protest that led t

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party's double standards as Rahul Gandhi opposes decisions supported by finance ministers of state governments run by his party. All decisions of the GST Council, he asserted, were taken by consensus.
Nadda said the Congress-led UPA government could not even implement the GST because states did not trust it. On the contrary, the Congress at that time robbed poor people and traders through Value Added Tax (VAT) and left ample scope for tax evasion, he claimed.
The Modi government instead realised the concept of 'one nation one tax' by rolling out the GST in 2017, he said.
Congress president Mallikarjun Kharge said his party has been demanding simplification of GST for almost a decade.
“The Modi government changed 'One Nation, One Tax' to 'One Nation, 9 Taxes'. It included tax slabs of 0%, 5%, 12%, 18%, 28% and special rates of 0.25%, 1.5%, 3% and 6%,” he said.
“The Congress party had demanded GST 2.0 with a simple and rational tax system in its 2019 and 2024 manifestos,” he said.

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onaires, while the rate of Corporate Tax has been reduced from 30% to 22%,” he said.
Congress general secretary in-charge communications Jairam Ramesh said that a key demand of the states made in the true spirit of cooperative federalism, namely, the extension of compensation for another five years to fully protect their revenues, remains unaddressed.
It was meant to be a Good and Simple Tax. It turned out to be a Growth Suppressing Tax, he said, adding that benefits of rate cuts should be passed on to consumers.
“However, the wait for a true GST 2.0 continues. Whether this new GST 1.5, if it can be called that, stimulates private investment – especially in manufacturing – remains to be seen,” Ramesh said.
Senior Congress leader and former finance minister P Chidambaram described the overhaul as a “U-turn”, saying these steps are eight years too late. “I am happy that the government has realised that the path on which they had walked for 8 years was wrong, and done a U-turn,” he s

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GST reforms: Early, historic Diwali gift by PM Modi, says Goa CM
GST
Dated:- 4-9-2025
PTI
Panaji, Sep 4 (PTI) Goa Chief Minister Pramod Sawant on Thursday termed GST reforms as an “early, historic Diwali gift by Prime Minister Narendra Modi” that will reduce the prices of essential items and greatly help citizens.
Sawant's comments came a day after the GST Council approved a complete overhaul of the Goods and Services Tax (GST) regime with a two-tier rate structure of 5 and 18 per c

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GST 2.0 double dose for growth; next generation reforms will not stop: PM Modi
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) Prime Minister Narendra Modi on Thursday hailed GST 2.0 as a double dose of support and growth for the nation and asserted that the series of next-generation reforms to make India self-reliant will not stop.
In an interaction with the winners of the National Teachers Awards, Modi said he had promised “double dhamaka” of next-generation GST reforms before Diwali and Chhath from the ramparts of the Red Fort and the new simplified tax rates will come into effect from September 22, the first day of Navratri.
Chhath is one of the most important festivals of Bihar, which goes to polls later this year, while

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lity of life for citizens, boost for consumption and growth, encouraging investments and job creation through ease of doing business and strengthening cooperative federalism for developed India – to the country's economy.
“Without timely changes, we cannot give our country its rightful place in today's global context. I had said from the Red Fort on 15 August this time that it is crucial to undertake next-generation reforms to make India self-reliant. I had also promised the countrymen that there would be a double blast of happiness before this Diwali and Chhath Puja,” he added.
The prime minister called upon students to think of ways to fulfil at least one need of the country.
He said the new law to regulate online gaming will safeguard

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Rupee falls 10 paise to close at 88.12 against US dollar
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) The rupee fell 10 paise to close at 88.12 against the US dollar on Thursday amid sustained foreign fund outflows and a stronger greenback.
However, positive sentiment in the domestic equity markets which were buoyed by the GST rate revision and a drop in international crude oil prices prevented sharper losses in the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at 88.09 against the US dollar and traded in the range of 87.85-88.19 before settling at 88.12, down 10 paise from its previous close.
The rupee recovered 13 paise from its all-time low level to settle at 88.02 against

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against a basket of six currencies, was up 0.08 per cent to 98.21.
Brent crude, the global oil benchmark, was trading 1.07 per cent lower to USD 66.88 per barrel in futures trade.
On the domestic equity market front, Sensex rose 150.30 points to settle at 80,718.01, while Nifty was up 19.25 points to 24,734.30.
Foreign institutional investors offloaded equities worth Rs 106.34 crore on Thursday, according to exchange data.
Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said the rupee traded weak as FII remained sellers while GST reform provided limited support.
“Selling pressure was visible in capital markets after a higher opening, keeping rupee under pressure. Dollar index stayed volatile near 98.

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Confident of smooth migration to new GST slabs, engaging with industry on software upgrade: CBIC
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) The Central Board of Indirect Taxes and Customs (CBIC) is confident of getting its backend technology ready by September 22 for a smooth transition to the next-generation GST and is engaging with industry on software upgradation for their return filings, a top tax official said on Thursday.
In an interview with PTI, CBIC Chairman Sanjay Kumar Agarwal also said the tax rate and slab rejig, which was approved by the GST Council on Wednesday, is based on classification of goods and services based on the bracket of 'merit' and 'standard', unlike in 2017, when it was on the basis of revenue

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cted the industry and given them a heads-up so that they can also upgrade their systems.
“They can also incorporate these (rate and slab) changes in their ERP systems, so that the entire rollout is very smooth, which will not have any glitches, we are confident about that,” Agarwal said.
Asked about industry worry on accumulation of input tax credit (ITC) on inventories, on which tax rates have been cut, the CBIC chief said the industry can pay GST dues using their entire ITC claims even after the new tax rates are rolled out from September 22.
“When they sell the goods or make the supplies, from September 22 onwards, new rates will apply. They (dealers) can utilise the ITC for making the duty payment while filing returns,” Agarwal noted

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ollection.
“Whenever a rate rationalisation exercise happens during the transition period, there will be some dip in revenue collections, but our experience is that increased consumption will lead to higher GST collections. Rate rationalisation leads to more economic activity, an increase in GDP and overall better collections,” Agarwal said.
He said the revenue buoyancy should pick up in 2-3 months, and collections would start improving. Also, pent-up demand in the festive season, starting with Navratri on September 22, should see higher sales and support GST collections despite rate reductions.
Agarwal said at the time of GST rollout, the main consideration for deciding tax rate on any item was revenue neutrality based on the then preva

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Rs 1.09 crore GST fraud unearthed in Arunachal, two in police net
GST
Dated:- 4-9-2025
PTI
Itanagar, Sep 4 (PTI) The Police in Arunachal Pradesh's Naharlagun have unearthed a Goods and Services Tax (GST) fraud worth Rs 1.09 crore and arrested two men accused of running a fake invoice racket.
Addressing a press conference on Thursday, Naharlagun Superintendent of Police Nyelam Nega said the scam came to light after an FIR was lodged on June 28 by Taju Parang, the proprietor of a company.
Parang had informed the police that invoices worth over Rs 1 crore had been mysteriously transferred into his firm's account from two Assam-based companies – one of Tinsukia and the other of Jorhat – without his knowledge.
After an investigati

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PM urges students, teachers to lead campaigns for promoting Swadeshi products
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) Prime Minister Narendra Modi on Thursday urged teachers and students to lead campaigns to promote swadeshi (indigenous) products and give an impetus to “Make in India” and “vocal for local”.
In an interaction with National Teacher awardees, he asked schools to celebrate occasions like Swadeshi day or Swadeshi week.
“I am giving you a homework to lead campaigns to promote swadeshi products. Students should be encouraged to get swadeshi products from home and there should be discussions on that. Students can also participate in marches in villages carrying placards rooting for swadeshi products. Such acti

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Bengal's healthcare leaders welcome GST reforms, highlight impact on affordability, access
GST
Dated:- 4-9-2025
PTI
Kolkata, Sep 4 (PTI) Prominent personalities of West Bengal’s healthcare sector on Thursday welcomed the GST rate rationalisation, calling it a critical step toward improving access, affordability, and insurance coverage in the country's healthcare system.
The GST Council on Wednesday made sweeping changes to the indirect tax regime, approving an overhaul of rates by limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Rupak Barua, managing director and CEO of Woodlands Multispeciality Hospital Limited, emphasised the far-reaching impact of the tax reductions.
“

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if this step brings direct relief to patients and their families,” Datta said.
Chairman and managing director of Desun Hospital, Sajal Dutta, highlighted the tangible financial relief expected from the reforms.
“It's a welcome step that will directly ease the burden on patients and families. Combined with lower GST on medical insurance, this move will reduce out-of-pocket expenses and make quality care more affordable. On average, hospitalisation costs could come down by 8-10 per cent, offering much-needed financial relief across the healthcare sector,” Datta said.
Adding further perspective, Dr Sudipta Mitra, chief executive of Peerless Hospital, said the reduction would bring much relief to patients.
“This would bring much relief to

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'Bold, people friendly': Swadeshi Jagran Manch, Bharatiya Mazdoor Sangh hail GST reforms
GST
Dated:- 4-9-2025
PTI
New Delhi, Aug 4 (PTI) RSS affiliates on Thursday hailed reduction in GST rates as “bold and people-friendly” reforms under Prime Minister Narendra Modi's “visionary” leadership, and said it will encourage domestic industries, empower MSMEs and strengthen the foundation for making India self-reliant.
GST rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax regime.
The GST Council approved rate overhaul by limiting slabs to 5 per cent and

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ch will have a multiplier effect on (India's) GDP,” he said.
Bharatiya Mazdoor Sangh (BMS) general secretary Ravindra Himte said it's a “significant step” towards a “people-friendly and common man tax structure”.
Traditionally, the indirect tax regime was “heavily reliant” on taxing day-to-day needs of the citizens, he said.
“This trend has now been reversed through the next-gen reforms which introduce a primarily two-rate GST system aimed at reducing the tax burden on people, while imposing higher taxes on luxury goods consumed by the high-income group,” he added.
“We hope that manufacturers, insurance companies and others will promptly pass on the benefits (of GST rate cuts) to the common man by lowering the prices of essential

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GST rate cuts complement Ayushman Bharat, PMJAY, says health ministry
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) The government's decision to exempt individual health and life insurance premiums from Goods and Services Tax (GST) complements Ayushman Bharat and PMJAY by expanding private coverage, reducing out-of-pocket expenditure, and driving the mission of Health for All, the Health Ministry said on Thursday.
This will also make premiums more affordable for middle-class households and encourage wider insurance adoption.
The GST rationalization package reflects a balanced, citizen-centric approach to taxation, the ministry stated.
“By lowering the burden on medicines, medical devices, nutrition, and insurance, while dis

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nd empower small businesses across the country. My heartfelt gratitude to Narendra Modi ji and Finance Minister @nsitharaman ji for this forward-looking decision that will benefit our citizens, especially middle-class families,” Union Health Minister J P Nadda tweeted.
The GST on essential medicines have been reduced from 12 per cent to 5 per cent or Nil, easing financial burden on patients which will provide greater affordability for long-term treatment of chronic illnesses such as diabetes, hypertension, and cancer.
Also, services for treatment or disposal of bio-medical waste reduced from 12 per cent to 5 per cent and job-work in pharmaceutical manufacturing reduced from 12 per cent to 5 per cent, lowering production costs and addressi

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GST has become simpler, new rates to be effective from first day of Navratri: PM Modi
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) GST 2.0 is a double dose of support and growth for the nation and the next-generation reforms have been done to support India's progress in the 21st century, Prime Minister Narendra Modi said on Thursday.
His comments came a day after the GST Council approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
In an interaction with National Teacher awardees, Modi noted that five new gems (panch ratna) have been added to India's vibrant economy through the GST reforms.
He said GST has become even simpler and new rates of 5 per cent and 18 per cent will become effective from

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Gujarat CM says GST reforms will improve ‘Ease of Living’, thanks PM Modi
GST
Dated:- 4-9-2025
PTI
Ahmedabad, Sep 4 (PTI) Gujarat Chief Minister Bhupendra Patel on Thursday thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for reducing the GST rates, saying the move will improve “Ease of Living” for everyone.
The CM said PM Modi has given a huge Diwali gift to 140 crore citizens in the form of 'NextGenGST' reforms.
“PM Modi has always made decisions keeping the common man in focus. The big reduction in GST will improve the ‘Ease of Living’ for everyone, including MSMEs, farmers, women, and youth. The tax burden on the common consumer will reduce and usher in happiness in their liv

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rs. Citizens’ daily lives will become simpler, and India’s economy will gain new momentum and energy, he said.
State Finance Minister Kanubhai Desai stated that under the leadership of PM Modi, the 56th GST Council recommended reforms in three main areas – structural improvements, tax rate revisions, and Ease of Living – for the benefit of farmers, citizens, and small and medium entrepreneurs.
Desai said essential agricultural components like tractors, fertilisers, irrigation equipment, and other machinery were taxed between 12 and 18 per cent.
This has been brought down to 5 per cent, which will lower the cost of agricultural production. This important step will benefit farmers in Gujarat, the release said, quoting the minister.

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