What is the new rule of GST in July 2025?

The key GST rule changes from July 2025 in India focus on stricter compliance, including a hard limit of three years for filing past returns, locking manual edits on GSTR-3B to force GSTR-1/1A corrections, and linking ITC claims directly to supplier compliance via an Invoice Management System (IMS). A new GSTR-1A form allows for pre-filing corrections to outward supplies, ensuring data flows accurately into GSTR-3B, alongside a revamped E-Way Bill 2.0 portal.

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 date extended for July 2025?

20th August 2025

Due to the incessant rains in various parts of Maharashtra, the government has extended GSTR-3B due date for July 2025 from 20th August to 27th August 2025.

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 is the new update of GST?

What are the new GST rate slabs for 2025 in India? The slabs under the 2025 Next-Gen GST Reforms are 0% (exemption), 5% and 18%. A new 40% GST slab has been introduced for luxury goods like premium cars and bikes, and sin goods like cigarettes and tobacco.

Union Budget 2026 Likely to Favour Senior Citizens, Focus on Tax Tweaks Not Big Reforms: Deloitte

What are the new changes in GST 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%).

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.

How much do I get for GST 2025?

The permanent GST Voucher (GSTV) scheme helps lower- and middle-income Singaporean households offset GST expenses. Learn more about the GSTV scheme. Up to $850 for low- and middle-income Singaporeans aged 21 and above, paid out in August 2025.

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.

Is GST going to increase to 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 last date for 3B in August 2025?

The Central Board of Indirect Taxes and Customs (CBIC) has given relief to GST taxpayers in parts of Maharashtra by extending the deadline for filing FORM GSTR-3B for July 2025. As per Notification No. 12/2025–Central Tax dated 20th August 2025, the due date has been extended to 27th August 2025.

Is the audit date extended in 2025?

The Central Board of Direct Taxes (CBDT) has pushed the tax-audit report due date to 10 November 2025 and the ITR filing deadline for audit cases to 10 December 2025, giving businesses and professionals extra time to finish audit work and file returns.

What is the GST collection for the month of July 2025?

Gross GST collections for July 2025 reached Rs. 1,95,735 crore, which is higher than last month's figures. Year-on-year data indicates that July 2025 collections are 7.5% higher than those of July 2024, when they stood at Rs. 1,82,075 crore.

What is the one-time payment for 2025?

As 2025 begins, many Canadians are closely watching their bank accounts for signs of additional financial support. One payment drawing attention is the CRA $680 one-time benefit, which is widely expected to be issued through direct deposit on January 8, 2025.

Who gets the $2000 tax credit in Canada?

In Canada, the $2,000 figure often relates to the Pension Income Amount, a federal non-refundable tax credit for seniors receiving eligible pension, annuity, or RRIF income, potentially saving $300 federally (15% of $2,000). However, other credits like the BC Apprentice Training Credit or Newfoundland's Physical Activity Credit can also reach or exceed $2,000 for specific situations, so eligibility depends heavily on your income, age, and province. 

What are the changes in GST rules 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.

How much can I earn before having to pay GST?

You must register for the GST/HST. Your effective date of registration is no later than the day of the supply that made you exceed $30,000. You have to start charging GST/HST on the supply that made you exceed $30,000.

How much is GST now?

Goods and Services Tax (GST) in Singapore is 9% levied on local sales, import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services.

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.

Who is eligible for senior bonus 2025?

You must be aged 20 and below, or 55 and above, in the disbursement year. Lower-income senior Singapore citizens will receive cash payments of $600 to $900 through the AP Seniors' Bonus. The AP Seniors' Bonus will be disbursed over three years, from 2023 to 2025. The last disbursement was made in February 2025.

What is the new GST payment 2025?

According to the federal government, the maximum annual amount an individual may receive from July 2025 to June 2026 is $533, while a married or common-law couple could see up to $698 combined. The payment amounts are recalculated every July based on how much a family or individual earned in the previous tax year.

What is the GST notification for July 2025?

Barring of GST Return on expiry of three years

A follow-up advisory was issued on 18th June 2025. As per this advisory, the GSTN has cautioned taxpayers to file all their pending GST returns that is expiring the three year window to file the return on 31st July 2025.

What is special in 2025?

2025 is special for its unique mathematical properties as a "perfect square year" (45245 squared452), designated the UN International Year of Peace and Trust, and marked by significant world events like the election of the first American Pope, major AI advancements, and shifting geopolitical landscapes. Religiously, it's a Catholic Jubilee Year, focused on hope, while technologically, it saw AI mature into a common tool and electric vehicles dominate sales.