56th GST Council Meeting Decisions

The 56th GST Council meeting held in New Delhi has announced changes in GST rates effective from September 22, 2025, impacting various goods and services. Key changes include a reduction in GST rates for small cars, agricultural machinery, and certain daily use items, while maintaining existing rates for specific tobacco products. The council clarified the implications for input tax credit (ITC) and the treatment of goods in transit during the transition to new rates.

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