The Government of India has revised the GST rates for several items under the Ministry of Heavy Industries, effective September 22, 2025. This move aims to simplify the tax structure and boost economic growth. Here’s a breakdown of the key changes: Automobiles Tractors These rate cuts are expected to create a multiplier effect across the … Read more
Effective September 22, 2025, the GST Council has significantly reduced tax rates across the Indian fisheries and aquaculture sector, a move that is expected to boost the nation’s “Blue Economy.” The reforms, which were approved at the 56th GST Council meeting, aim to directly benefit millions of fish farmers and other stakeholders by lowering operational … Read more
India’s dairy sector is a cornerstone of the national economy, contributing approximately 5% to the national GDP. The recent GST reforms are anticipated to boost the sector’s growth and enhance its global competitiveness. Impact of GST Reforms on the Dairy Sector The new tax structure is expected to benefit both farmers and consumers. By lowering … Read more
Watching a live Indian Premier League (IPL) match is about to get significantly more expensive. Under a new GST structure effective September 22, 2025, ticket prices for IPL and other high-value sporting events will be subject to a 40% tax rate, a sharp increase from the previous 28% This change places IPL tickets in the … Read more
A Bombay High Court-backed ruling has shown how a specific detail in tax law can save homeowners a fortune. By focusing on a property’s allotment date instead of its registration date, a homeowner successfully saved ₹1.42 crore in taxes under Section 54 of the Income Tax Act. A ₹1.42 Crore Tax Demand Overturned The case … Read more
With the new GST structure in effect from September 22, 2025, and the Diwali festive season around the corner, this is a prime time for a first-time car buyer in India. The government’s new policy significantly impacts vehicle prices, making certain segments much more appealing. The New GST Rules: What’s Cheaper and What’s Not The … Read more
ITR Filing Deadline for Non-Audit Cases Nears: Don’t Miss the September 15th Cutoff The deadline to file Income Tax Returns (ITR) for the Financial Year 2024–25 (Assessment Year 2025–26) is fast approaching. For individual taxpayers, Hindu Undivided Families (HUFs), and other non-audit cases, the last date is September 15, 2025. The government had previously extended … Read more
How does India’s new GST policy on two-wheelers affect you? It depends on what you ride. The government’s new tax structure, effective from September 22, 2025, makes daily commutes more affordable but hits premium bike lovers with a hefty price increase. Here’s a breakdown of who wins and who loses: The Winners: Commuters & City … Read more
GST 2.0 has arrived, bringing India a simpler, fairer, and more transparent tax system. The key change is a move from multiple tax slabs to just two: 5% for essentials and 18% for most goods and services. The outdated 28% slab is gone, making everyday items like cars, appliances, TVs, and air conditioners more affordable. … Read more
In a landmark decision aimed at making life more affordable for millions, the 56th GST Council has announced sweeping reforms under a new “Next-Gen GST” regime. Effective immediately, these changes bring significant GST rate cuts across a wide range of goods and services, benefiting households, farmers, and key industries. Major GST Rate Cuts Across the … Read more
