GST 2.0 reforms effective Oct 1, 2025: streamlined rates (5%, 18%), mandatory IMS for ITC verification, GSTR-3B locking, and new credit note reversal ...
The GST 2.0 storm looms over pharmacy retailers handling medicines, nutraceuticals and FMCG which are coming under the Composition Scheme and paying 1% tax on total turnover without input-tax credit.
Insurers face higher operating costs, and distributors face lower earnings, highlighting the unintended consequences of a ...
The concept of inverted tax structures has undergone a change post this reform. Earlier the differential input output rates ...
PNB CEO Ashok Chandra anticipates GST rate cut to increase retail and MSME advances by 1-2%, expecting improved net interest ...
Tax expert CA Nitin Kaushik points out that the real impact of GST depends on the stage and type of property purchase.
Urges Union finance minister Nirmala Sitharaman to reconsider the GST rate on fruit pulp-based aerated beverages, proposing a reduction from 40% to 18% to support MSMEs and agro-based industries ...
GST rationalisation lowers medical consumable costs, benefiting patients. However, domestic pharma companies may face margin ...
India’s top FMCG firms including HUL, P&G, L’Oréal, and Himalaya have issued trade notices ahead of the major GST rate cut on ...
The A.P. Chambers of Commerce and Industry Federation on Tuesday (October 21, 2025) said that the Union government’s GST 2.0 reforms had positive impact on the middles class.