India’s Goods and Services Tax (GST) collections for September 2025 stood at ₹1.89 lakh crore, reflecting a 9.1% year-on-year growth compared to the same month last year. This is the ninth straight month when GST revenues have remained above ₹1.8 lakh crore. Drivers of Growth The growth was

Tamil Nadu Chief Minister M. K. Stalin has accused the central government of delaying promised Goods and Services Tax (GST) rate cuts and said that states are bearing 50% of the relief intended for taxpayers. On “Rs 2.5 Lakh Crore” Savings Claim Stalin questioned Prime Minister Narendra Modi’s announcement that Indians will save ₹2.5 lakh […]

From September 22, 2025, individual life and health insurance premiums in India are exempt from the 18% Goods and Services Tax (GST). This move was announced by the GST Council to reduce the cost burden on policyholders. No Input Tax Credit for Insurers Because these insurance premiums are now exempt, insurers can no longer claim […]

Karnataka Revenue Minister Krishna Byre Gowda has warned that the new GST 2.0 structure could cost states between ₹1 lakh crore and ₹1.5 lakh crore in lost revenue. Speaking to NDTV, he said the changes would unfairly burden state governments. Centre vs States: Who Bears the Burden? According to Gowda, the Centre is projected to […]

Prime Minister Narendra Modi greeted the nation on the first day of Navratri, highlighting the festival’s values of courage, devotion, patience, and determination. He linked the occasion with the rollout of the “Next-Generation GST” reforms, which take effect on 22 September 2025. Modi described the reforms as the beginning of a “GST Bachat Utsav” (Savings […]

Prime Minister Narendra Modi announced sweeping reforms in the Goods and Services Tax (GST) regime, set to take effect on September 22, 2025. He launched the “GST Bachat Utsav” (Savings Festival), stating that the changes will particularly benefit the poor and middle class. The revised GST and income tax measures are expected to save citizens […]

The Indian government has confirmed there are no plans to bring back the anti-profiteering provisions under Section 171 of the GST law. These provisions required businesses to pass on tax rate cuts or input tax credit benefits to consumers. Background: What Changed When GST was introduced in 2017, the anti-profiteering law and a body called […]

Finance Minister Nirmala Sitharaman announced that recent GST rate cuts will take effect from 22 September 2025. These cuts are expected to streamline tax slabs and reduce rates across many consumer goods. Economic Impact Projected The government estimates these reforms will inject about ₹2 lakh crore into the Indian economy by increasing cash in the […]

The government has drafted a National Data Centre Policy that includes a tax holiday of up to 20 years for developers. The move aims to attract large-scale investments while boosting capacity, energy efficiency, and employment. Incentives Under the Policy The draft policy proposes GST input tax credits on capital assets such as construction material, electrical […]

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that buyers will not be required to reverse Input Tax Credit (ITC) when suppliers provide post-sale financial or commercial discounts through credit notes. The clarification states that such discounts do not reduce the taxable value or the supplier’s GST liability. Clarification on Discounts According