What are the GST reforms for September 2025?

India's September 2025 GST reforms (GST 2.0) significantly simplified the tax structure, moving towards a 5% (essentials) and 18% (most goods/services) two-rate system, abolishing the 12% slab, introducing a 40% luxury/sin tax, and adding 0% for many daily items, health/life insurance, and education supplies, making daily life cheaper and boosting MSMEs. Key changes included moving 90% of 28% slab items to 18%, reducing taxes on food, electronics (ACs, TVs to 18%), textiles, cement, and agricultural inputs, and cutting rates on many essentials to 0% or 5%.

What are the GST changes in September 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. Many essentials, including certain medicines and foods, are now zero-rated, while several items see reduced rates.

What are the new reforms of GST?

The GST Reforms 2.0 have brought in major changes, including:

• A new three-slab structure of 5%, 18%, and 40%, simplifying the previous system.
• Lower rates on many essential goods, electronics, and vehicles.
• Enhanced compliance through new automated filing systems and reconciliation tools.

Is GST still 9% in 2025?

For any standard-rated supplies of goods or services that you make on or after 1 Jan 2024, you must charge GST at 9%. For instance, if you issue an invoice and receive payments for your supply on or after 1 Jan 2024, you must account for GST at 9%.

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.

GST Reforms 2025 | PM Modi Lauds GST Reforms | Top Headlines Of The Day: September 5, 2025

What is the new GST payment 2025?

For the 2024 base year (payment period from July 2025 to June 2026), you could get up to: $533 if you are single. $698 if you are married or have a common-law partner. $184 for each child under 19 years of age.

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 do I avoid 9% GST?

How to Avoid GST on Overseas Purchases Legally

1. You are 18 or older.
2. You are not arriving from Malaysia.
3. You have been outside of Singapore for 48 hours or more.
4. You are importing an allowable product for your personal use.

What changes to GST are expected in 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%).

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 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.

What is the new rule of GST in July 2025?

Barring of GST Return on expiry of three years

The GST network issued another advisory on 7th June 2025, implementing the rule of time-barring of GST return filing beyond three years from the due date. By this update, taxpayers will not be able to file GST returns after three years from the due date of such return.

Is GST 12% to 18% notification?

2022, Works contract services provided to Central and State Government, or Local Authorities, which were earlier eligible for concessional rate of 12% GST,would attract GST at the rate of 18% in view of amendment carried out in notification No. 11/2017- Central Tax (Rate) vide notification No.

What are the tax reforms for 2025?

The 2025 tax reform, primarily enacted through the "One Big Beautiful Bill Act" (OBBB), significantly impacted taxes by making many Tax Cuts and Jobs Act provisions permanent, increasing standard deductions, raising the SALT cap to $40k (income-limited), expanding the Child Tax Credit to $2,200, and extending the 20% Qualified Business Income (QBI) deduction. Key changes for tax year 2025 include higher standard deductions, an expanded $2,200 Child Tax Credit (CTC), and increased limits on state and local tax (SALT) deductions, affecting filings in 2026. 

Who promised to get rid of GST?

During the election campaign, Chrétien promised to repeal the GST, which the Liberals had denounced while they were the Official Opposition, and replace it with a different tax.

Which items attract the 12% GST rate?

Edibles like frozen meat products, butter, cheese, ghee, dry fruits in packaged form, animal fat, sausages, fruit juices, namkeen, ketchup & sauces, ayurvedic medicines, all diagnostic kits and reagents, cellphones, spoons, forks, tooth powder, umbrella, sewing machine, spectacles, indoor games like playing cards, ...

What is the GST amendment for September 2025?

India's GST regime is undergoing a landmark transformation with the 56th GST Council meeting unveiling GST 2.0 - next-generation reforms simplifying tax slabs to 5%, 18%, and 40%. Effective from September 22, 2025, these reforms aim to ease compliance, boost consumption, and fuel economic growth.

Is social security going to be taxed in 2025?

Yes, Social Security benefits can still be taxed in 2025, as the long-standing rules haven't fundamentally changed, but a new temporary deduction from the One Big Beautiful Bill (OBBBA) (signed in July 2025) significantly reduces the number of seniors who owe taxes, potentially making benefits tax-free for many by lowering overall taxable income for those 65+ with income below certain limits. Up to 85% of benefits may still be taxable if your combined income (half your SS + other income) exceeds thresholds, but the new $6,000 senior deduction (for single filers under $75k AGI) helps prevent taxation for nearly 90% of recipients. 

Do I need to declare luxury bags?

In a word, yes. Declaring luxury goods to US Customs is always a good idea. All of your purchases abroad are subject to declaration by US Customs, and luxury goods have the highest likelihood of being inspected.

Which items will be exempt from GST?

The GST/HST break includes certain qualifying goods, such as:

• Food.
• Beverages.
• Children's clothing and footwear.
• Children's diapers.
• Children's car seats.
• Certain children's toys.
• Jigsaw puzzles.
• Video game consoles, controllers, and physical video games.

How to remove 9% GST?

Here's the example:

1. If $100 is the GST exclusive value. $100 * 0.09 = $9 GST amount.
2. To get the GST inclusive amount, multiply the GST exclusive value by 1.09. ...
3. To extract the GST part from a GST inclusive amount, divide the GST inclusive amount by 109 and multiply by 9.

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 did baba vanga predict for 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 will happen on 27 June 2025?

Ambubachi Mela 2025 to be Held at Kamakhya Temple

The festival celebrates the menstruation of Goddess Kamakhya, symbolizing fertility, creation, and divine feminine energy.