Is GST still 9% in 2025?

Yes, in Singapore, the GST remains at 9% in 2025, as planned after its hike in 2024. However, in India, GST saw major reforms (GST 2.0) in September 2025, simplifying slabs to 5%, 18%, and 40%, meaning the previous 9% slab for some items was replaced, with significant cuts on essentials and electronics.

What is the GST rate for 2025?

Increase to 9% In 2018, GST was planned to be increased from 7% to 9% sometime between 2021 and 2025.

What is the GST update for 2025?

Goods and Services Tax (GST) 2.0 reform, which came into effect from September 22nd, 2025, brought relief for the common people and boosts for businesses. One of the key GST updates under 2.0 reform is that it simplified the GST tax structure from a 4-slab (5%, 12%, 18% and 28%) to a 3-slab (5%, 18% and 40%).

What are the changes from 1st July 2025?

What are the new GST rules from July 2025? From 1st July 2025, GSTR-3B cannot be edited after filing. GSTR-1A is introduced for corrections, and GST returns older than 3 years from the due date cannot be filed.

What tax laws sunset in 2025?

With the expiration of 2017's Tax Cuts and Jobs Act (TCJA) set for December 31, 2025, taxpayers of all types and sizes – from individuals to corporations – are likely to feel the reverberations of significant and widespread tax law change.

Budget 2026: What Middle Class Should Expect? Will Old Tax Regime Disappear? Big Tax Cuts Or Tweaks?

What tax changes are expected in 2025?

The standard deduction increased for 2025 and 2026, and a new temporary “bonus” deduction for adults 65 and older begins in 2025. The child tax credit increased to $2,200 for the 2025 and 2026 tax years; retirement plan contribution limits for IRAs and 401(k)s also increased for 2026.

What will change from 1st April 2025?

Major changes effective April 1, 2025, include significant U.S. federal tax reforms under the "One Big Beautiful Bill" (making some Trump tax cuts permanent), new Social Security rules for some workers (like faster direct deposit), changes to 401(k) contribution rules, and various state/local sales tax rate adjustments. In India, changes included higher TDS (Tax Deducted at Source) thresholds for rent and deposits, and the end of the Mahila Samman Savings Certificate scheme.
 

Is GST date extended for July 2025?

The update was notified by the CBIC vide CGST notification no. 17/2025 dated 18th October 2025. Due to the incessant rains in various parts of Maharashta, the government has extended GSTR-3B due date for July 2025 from 20th August to 27th August 2025.

What will happen on 6 July 2025?

Ashadhi Ekadashi, also known as Devshayani Ekadashi, will be observed on Sunday, July 6, 2025. The day marks the start of Lord Vishnu's four-month celestial rest. Ashadhi Ekadashi is widely celebrated across India.

How much is the GST payment for July 2025?

Key Takeaways. The GST/HST credit payment dates for Canada in 2025 are scheduled as follows: January 3, April 4, July 4, and October 3. You do not need to apply separately; the GST/HST credit payment 2025 is automatically assessed when you file your tax return.

Is GST going to be 10%?

New GST Rate of 9% in 2024

Come 1 Jan 2024, the GST rate will be raised from 8% to 9%, as part of the two-step GST rate change announced by the Minister for Finance in Budget 2022. The first step from 7% to 8% had taken place earlier on 1 Jan 2023.

Is GST more in 2025?

Good news is, Starting July 2025, the HST/GST credit has increase by 2.7%, helping low- and modest-income households stretch their budgets. This tax free quarterly payment can put hundreds of extra dollars into your pocket each year.

What is the new update of GST?

GST 2.0: Diwali 2025 Reforms – A Game-Changer for Consumption? The government has announced a major overhaul in the GST system, aimed at simplifying tax rates. The new GST structure will reduce the number of tax slabs to just two — 5% and 18% — replacing the current multi-tier system.

Will the GST hike affect tourists?

The GST Council's latest reforms have reshaped the GST tax slab for the travel and hospitality sector. With international and domestic travel steadily rising, these changes will directly affect how much you spend on air tickets, hotel bookings, dining, and even luxury travel.

Is GST still 10%?

Goods and services tax (GST) is a tax of 10% on most goods, services and other items sold or consumed in Australia. If your business is registered for GST, you have to collect this extra money (one-eleventh of the sale price) from your customers. You pay this to the Australian Taxation Office (ATO) when it's due.

Is GST going to increase?

The government, through the GST Council, moved to a simplified tax framework of 5% and 18% with the removal of the current 12% and 28% tax rates from 22nd September 2025, after CBIC notifications come out. Except GST on tobacco and its products, GST rate changes on the rest will be implemented from 22nd September 2025.

What will happen on 25 August 2025?

The Delhi High Court on Monday (August 25, 2025) quashed the Central Information Commission's (CIC) 2016 order permitting an RTI activist to inspect Delhi University's 1978 BA records, the year Prime Minister Narendra Modi graduated.

What is going to happen on 5 July 2025?

From the end of 2024, a rumor began that a great earthquake would occur in Japan in July 2025, based on a purported prophecy in the 1999 manga The Future I Saw by Ryo Tatsuki. Its spread in several Asian countries resulted in a notable decline in holiday travel to Japan. Seismologists discounted the prediction.

What did Baba Vanga say about 2025?

For 2025, Baba Vanga's predictions included major natural disasters like earthquakes, a global economic crisis, significant scientific breakthroughs (especially in medicine and energy), the beginning of humanity's "downfall," potential contact with alien life, and increased telepathic abilities, alongside conflict in Europe that could signal a larger war, with many interpretations linking these prophecies to actual world events in 2025. 

What is the new GST update for 2025?

Starting September 22, 2025, GST in India will be simplified to primarily two rates: 5% and 18%, with a special 40% rate on luxury and sin goods like tobacco and high-end vehicles.

Is GSTR-9 and 9C due date extended for fy?

Professional body urges extension of GSTR-9 & GSTR-9C due dates for FY 2024-25 to 31 Jan 2026, citing major mid-year changes, late FAQs, complex ITC & turnover reconciliation, audit dependency and high risk of unintended errors & litigation.

What is the GST portal update October 2025?

Effective October 1st, 2025, a new set of rules for GST return filing will come into effect. This marks the first filing cycle under the GST 2.0 reforms, aimed at improving transparency, control, and accuracy in Input Tax Credit (ITC) management through the Invoice Management System (IMS).

What changes are coming in April 2025?

From 6 April 2025, Employers' National Insurance Contributions (NIC) will increase from 13.8% to 15%, while the threshold - the point at which employers begin to pay NI on an individual's salary - will be reduced from £9,100 to £5,000.

What are the changes in GST return filing April 2025?

From April 1, 2025, ISD registration becomes mandatory for such businesses. They must issue ISD invoices and file GSTR-6 returns to distribute Input Tax Credit (ITC) among units. This change ensures better traceability and consistent reporting.

What is the new tax plan for 2025?

Seven major tax cuts took effect for 2025 under the OBBBA: Maximum child tax credit increase of $200. Standard deduction. Taxpayers who take the standard deduction cannot also itemize their deductions; it serves as an alternative.