GST Council
The 56th GST Council meeting held on September 3, 2025, introduced several key changes in GST rates and compliance requirements. Notably, the council recommended a uniform GST rate of 5% for all drones, clarified the MRP revision process for medicines, and maintained existing GST rates for bricks and hotel accommodations
GST Council
The 56th GST Council meeting in New Delhi has introduced significant reforms in the coal sector's taxation, increasing the GST rate from 5% to 18% while removing the GST compensation cess of Rs. 400 per ton. These changes aim to rationalize the tax burden across different coal grades,
GST Council
The 56th GST Council has approved significant tax rationalizations for dairy products, reducing GST rates to nil or 5% for most items. This reform, effective from September 22, 2025, aims to strengthen India's dairy sector, benefiting over 8 crore rural farmer families and enhancing competitiveness in both domestic
GST Council
Prime Minister Narendra Modi expressed satisfaction with the GST Council's agreement on proposals for GST rate cuts and reforms, aimed at benefiting the common man, farmers, MSMEs, middle-class, women, and youth. He emphasized that these reforms will enhance citizens' lives and facilitate business operations, particularly for small
GST Council
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