18 Sep 2025 05:50 PM
New

GST on Renewable Energy Devices Reduced to 5%

Source: https://taxguru.in/goods-and-service-tax/gst-renewable-energy-devices-reduced-5-percent.html

Ministry of New and Renewable Energy has announced a reduction in Goods and Services Tax (GST) on renewable energy devices, with rates rationalised from 12% to 5%. The change, effective from 22 September 2025, follows the GST Council’s 56th meeting and is expected to lower the cost of clean energy projects across the value chain. For utility-scale solar, the capital cost per MW, typically ₹3.5–4 crore, will reduce by ₹20–25 lakh, translating into savings of over ₹100 crore for a 500 MW solar park. This is likely to improve tariff competitiveness and reduce power procurement costs for distribution companies by ₹2,000–3,000 crore annually.

17 Sep 2025 06:16 PM
New

FAQs-2 on decisions of 56th GST Council

Source: https://taxguru.in/goods-and-service-tax/faqs-2-decisions-56th-gst-council.html

The Ministry of Finance has released a second set of Frequently Asked Questions (FAQs) to clarify key decisions from the 56th GST Council meeting. The new guidelines cover a range of sectors, from pharmaceuticals and construction to services and logistics. Regarding medicines, the National Pharmaceutical Pricing Authority (NPPA) has stated that while manufacturers must revise the Maximum Retail Price (MRP) to reflect new GST rates, it is not mandatory to recall or re-label existing stocks in the supply chain if price compliance can be ensured at the retail level.

16 Sep 2025 05:30 PM
New

ICAI’s Suggestions on Practical Issues in GST

Source: https://taxguru.in/goods-and-service-tax/icais-suggestions-practical-issues-gst.html

The Institute of Chartered Accountants of India (ICAI), a statutory body established by an Act of Parliament, has identified and proposed solutions for practical issues faced by taxpayers under the Goods and Services Tax (GST) regime. The GST & Indirect Taxes Committee of ICAI gathered feedback from members nationwide to address challenges in areas like registration, refunds, input tax credit, and adjudication.

16 Sep 2025 05:35 PM

ICAI: Suggestions To Enhance Efficacy of GST Adjudication

Source: https://taxguru.in/goods-and-service-tax/icai-suggestions-enhance-efficacy-gst-adjudication.html

The Institute of Chartered Accountants of India (ICAI) has identified several issues in the GST adjudication process. These include the last-minute issuance of show-cause notices (SCNs) and a lack of clear, specific charges against taxpayers. Many SCNs are poorly drafted, with vague allegations and templated language, often failing to justify the extended period for tax evasion claims.

16 Sep 2025 05:38 PM

ICAI Requests Clarification on GST Appeal Jurisdiction

Source: https://taxguru.in/goods-and-service-tax/icai-requests-clarification-on-gst-appeal-jurisdiction.html

This letter from the Institute of Chartered Accountants of India (ICAI) to the Central Board of Indirect Taxes & Customs (CBIC) outlines concerns with a recent circular regarding the jurisdiction for appeals and revisions of orders from Common Adjudicating Authorities (CAAs). The ICAI points out that while a notification granted all-India jurisdiction to certain Joint and Additional Commissioners to adjudicate show cause notices from the DGGI, a subsequent circular attempts to extend the same all-India jurisdiction to appellate authorities.

09 Sep 2025 06:18 PM

Festive bonanza for car buyers: Kia, MG Motor among automakers announcing discounts after GST rate cuts

Source: https://www.livemint.com/companies/news/festive-bonanza-for-car-buyers-kia-mg-motor-among-automakers-announcing-discounts-after-gst-rate-cuts-11757400168150.html

Kia India and MG Motor have reduced vehicle prices ahead of the festive season, effective from September 22, 2025, joining other carmakers such as Mahindra & Mahindra, Tata Motors, and the luxury brand BMW.

09 Sep 2025 06:12 PM

GST reforms were long overdue, there were too many rates, says Jamshyd Godrej

Source: https://www.livemint.com/technology/gadgets/save-more-with-lowered-gst-on-smart-tvs-projectors-headphones-and-more-upgrade-your-tech-now-11757407288187.html

Jamshyd Godrej, Managing Director of Godrej & Boyce, has said that the Goods and Services Tax (GST) was long overdue and underlined the need for resilience in the face of global disruptions.

09 Sep 2025 06:27 PM

Compensation cess accumulated in auto cos books to lapse on Sep 22: Official

Source: https://www.livemint.com/auto-news/compensation-cess-accumulated-in-auto-cos-books-to-lapse-on-sep-22-official-11757420459479.html

New Delhi, Sep 9 (PTI) An estimated ₹2,500 crore accumulated compensation cess on the books of auto companies will lapse on September 22, when the new GST rates come into effect, an official said.

09 Sep 2025 06:21 PM

GST reform needs more than rate cuts. The ball is in the states' court

Source: https://www.livemint.com/opinion/goods-and-services-tax-gst-rationalisation-india-gst-slab-restructuring-indirect-tax-reform-india-11757406683169.html

The latest rationalisation of GST slabs has sent a quiet but significant signal: tax rates are no longer untouchable. In the past, governments have hesitated to fiddle with tax rates much, on the premise that a bird in the hand is worth two in the bush.

09 Sep 2025 06:07 PM

Rajesh Shukla: We can count on India’s GST reset to re-spark consumption

Source: https://www.livemint.com/opinion/online-views/tax-reform-india-rate-cut-2025-new-slabs-cheaper-cement-lower-consumer-prices-health-insurance-relief-economy-gdp-rural-11757314216313.html

India’s GST Council has finally done what many had hoped for since 2017—simplified the regime and made it more pro-consumption. From 22 September, the goods and services tax (GST) will collapse into two main rates of 5% and 18%, plus a stiff 40% for a narrow set of luxury and ‘demerit’ goods.