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In a move aimed at simplification, transparency, and improving the Ease of Doing Business, the Central Board of Indirect Taxes and Customs (CBIC) has merged 31 separate Customs Duty notifications into a single, comprehensive document. As per news agency ANI, the consolidated Notification No. 45/2025, dated October 24, 2025, will come into effect on November…
The GST reform will progressively deliver a positive impact on the Indian economy by enhancing ease of doing business, lowering retail prices and strengthening consumption growth drivers, according to an article in the Reserve Bank of India’s September Bulletin.The bulletin said global uncertainty remained elevated in the wake of US tariffs on major trading partners…
NEW DELHI: Prime Minister Narendra Modi’s Sunday address to the nation on GST marked a strong rebuttal to opposition’s allegations, dismissing the tax reform as ‘Gabbar Singh Tax’. In his 19-minute speech, he directly addressed the insinuation that GST was a levy conjured up by his govt, driving home the fact that the reform was…
Uttar Pradesh Chief Minister Yogi Adityanath has welcomed the landmark decision on GST reform, expressing gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for their visionary leadership. He said the reform marks the beginning of a new chapter in India’s tax system, according to a press statement.“The Next Generation GST Reform,…
NEW DELHI: The GST Council has taken several decisions to ease the refund and registration process aimed at promoting ease of doing business and helping trade and industry.The Council simplified the GST registration scheme for small- and low-risk businesses.The Council has recommended introduction of optional simplified GST registration scheme, under which registration would be granted…
NEW DELHI: Recalling his Independence-Day promise of a GST recast, PM Narendra Modi Thursday welcomed decisions taken by GST Council while underlining the role of his govt as the driver of the “Next-Generation reforms”.“Glad to state the GST council comprising the Union and States, has collectively agreed to the proposals submitted by Union Govt on…
