Explore the latest updates, notifications, and announcements regarding GST for the financial year 2025-26. Stay informed about changes in tax rates, compliance requirements, and more.
Latest GST News
FAQs on GST Updates
1. 2026 GST Updates
Key updates and changes in GST for the year 2026.
The GST Council has proposed a new rate of 18% for certain luxury goods, effective from April 1, 2026.
A new compliance requirement mandates e-invoicing for businesses with a turnover exceeding ₹5 crore.
The deadline for filing annual GST returns for FY 2025-26 is December 31, 2026.
2. 2025 GST Updates
Significant changes and notifications for GST in 2025.
The threshold limit for GST registration has been increased to ₹40 lakh for goods suppliers.
Input tax credit can now be claimed up to 90% of the eligible amount, as per Section 16.
A new GST rate of 12% has been introduced for electric vehicles.
3. 2024 GST Updates
Important GST updates and changes for the year 2024.
The GST rate for restaurant services has been revised to 5% without ITC.
Composition scheme turnover limit increased to ₹1.5 crore.
Late fee for delayed GST return filing reduced to ₹50 per day.
4. 2023 GST Updates
Review of GST changes and announcements made in 2023.
GST on textiles reduced from 12% to 5%.
Mandatory e-way bill generation for inter-state movement of goods above ₹50,000.
Annual return filing deadline extended to March 31, 2024.
What is the new GST rate for luxury goods in 2026?
The new GST rate for certain luxury goods has been set at 18%, effective from April 1, 2026.
What is the turnover threshold for mandatory e-invoicing in 2026?
Businesses with a turnover exceeding ₹5 crore are required to implement e-invoicing from 2026.
What is the deadline for filing annual GST returns for FY 2025-26?
The deadline for filing annual GST returns for FY 2025-26 is December 31, 2026.
Has the GST registration threshold changed in 2025?
Yes, the GST registration threshold for goods suppliers has been increased to ₹40 lakh in 2025.
What is the input tax credit claim limit under Section 16?
Under Section 16, input tax credit can now be claimed up to 90% of the eligible amount.
What is the GST rate for electric vehicles in 2025?
The GST rate for electric vehicles has been set at 12% in 2025.
What is the revised GST rate for restaurant services in 2024?
The GST rate for restaurant services has been revised to 5% without input tax credit in 2024.
What is the composition scheme turnover limit in 2024?
The composition scheme turnover limit has been increased to ₹1.5 crore in 2024.