New GST Rate Change: India's GST system underwent a significant reform in September 2025 with the rollout of GST 2.0. The GST Council approved a simplified two-rate structure—5% and 18%—replacing the ...

Value added tax (VAT) or goods and services tax (GST), also known as indirect taxes, are consumption taxes levied on any value that is added to a product. These are considered indirect taxes since the ...

While delivering his Independence Day address on 15 August, Prime Minister Narendra Modi announced the long-overdue goods and service tax (GST) reforms. He promised a "double Diwali’ this year, ...

GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the all-powerful GST Council on Wednesday approved a ...

GST reforms 2025: The GST Council, in its 56th meeting, announced that key educational stationery items, including notebooks, pencils, maps, and globes, will now attract 0% GST, down from 12%. These ...

When will the changes in GST rates come into force? As per recommendations of the GST Council in its 56th meeting, the changes in GST rates on services and goods other than cigarettes, chewing tobacco ...

A GST invoice is generated by a supplier or seller of goods and services to the buyer. The document contains purchase information and details of the supplier and buyer. According to a circular issued ...

According to official data, gross GST collections reached a record ₹22.08 lakh crore in 2024–25, a 9.4 per cent increase over the previous year, with average monthly collections of ₹1.84 lakh crore.