Key GST changes effective from 1 April 2025 in India focus on tightening compliance and increasing digital security, including mandatory Input Service Distributor (ISD) registration for multi-branch entities, mandatory Multi-Factor Authentication (MFA) for portal logins, and updated e-way bill rules.
From April 1, 2025, Input Service Distributor (ISD) registration will be compulsory for businesses having multiple Goods & Services Tax Identification Numbers (GSTINs). The time limit for the validity of an E-Way bill will be 180 days, and it can be extended to 360 days.
What are the new changes in GST 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.
Several major income tax changes are scheduled to take effect from April 1, 2025. These revisions include changes to tax slabs and the implementation of a rebate up to Rs. 60,000.
e-Invoice Time Limit: From April 1, 2025, businesses with an Annual Aggregate Turnover (AATO) of Rs. 10 crore+ must upload e-invoices to the Invoice Registration Portal (IRP) within 30 days. It reduces the chances of fake GST invoices, allowing only genuine input tax credit claims.
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%.
TABLE 4A, 4B, 4C, 6B, 6C - B2B INVOICES - RECEIVER-WISE SUMMARY. In this table, you can add details of taxable outward supplies made to registered person. Additionally, invoices auto-populated from e-invoices will be available in this table. This page provides you the receiver-wise summary of the already added invoices ...
April 2025 heralds some of the most important changes to employment law in several decades, with the Government's Employment Rights Bill beginning implementation, as well as the obligatory National Minimum Wage increase.
February 13, 2025: Introduction of The Income-tax Bill, 2025
A landmark step: the Income-tax Bill, 2025 introduced in Lok Sabha on 13th Feb 2025, intended to replace the Income-tax Act, 1961 with a clearer, simplified framework and proposed commencement from 1st April 2026.
From 1 April, 2025, a new income tax structure will be applied, It allows individuals earn up to ₹12 lakh per year to be exempt from tax. Salaried individuals will also get a standard deduction of ₹75,000, makes annual earnings up to ₹12.75 lakh tax-free under the new tax regime.
For the July 2025–June 2026 benefit year, the maximum annual GST amounts are: $533 – Single individual. $698 – Married or common-law couples. $184 – Per eligible child under 19.
India's Goods and Services Tax (GST) system has entered a new era with the rollout of GST 2.0, effective from September 22, 2025. The Council has simplified the structure into a 5% slab for essentials, 18% for standard goods, and 40% for luxury/sin items, replacing the earlier complex categories.
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.
Key Changes at a Glance: New GST Rates
This means that the messy middle ground, the 12% and 28% slabs, is gone. Products once taxed at those rates will now either slide down to 5% or 18%, or move up to 40% depending on their category.
With effect from 1stApril 2025, a major change is being made mandatory under the GST regime—businesses distributing Input Tax Credit (ITC) on common input services across multiple GST registrations must register as an Input Service Distributor (ISD).
The total of lifetime gifts and the estate are eligible for a lifetime exemption, which is set at $13.99 million in 2025. The exemption amount is indexed for inflation, and was scheduled to be reduced by half after 2025. The higher exemption level was made permanent and slightly increased to $15 million in 2026 by P.L.
Tax changes for 2025, largely driven by the "One Big Beautiful Bill" (OBBBA) Act, introduce significant deductions for seniors, tips, overtime, and auto loan interest, expand the Child Tax Credit, and raise the SALT deduction cap to $40,000, while making several 2017 Tax Cuts and Jobs Act provisions permanent, including the seven tax brackets. Key changes include a $2,200 Child Tax Credit, a $6,000 senior deduction, deductions for qualified tips and overtime, and a permanent standard deduction increase.
The threshold limit for deduction of tax under various provisions has been increased. TCS provisions under section 206C(1H) on the sale of goods have been withdrawn with effect from 01- 04-2025. Section 194Q has also been changed to remove the reference to Section 206C(1H).
Marcos Jr. on Thursday declared April 1, 2025 as a regular holiday throughout the country in observance of Eid'l Fitr or the Feast of Ramadan. Marcos signed Proclamation 839 following the National Commission on Muslim Filipinos' (NCMF) recommendation to declare the date a national holiday.
A bus carrying students and faculty from the Federal University of Santa Maria veered off a highway in Rio Grande do Sul, Brazil, killing seven and injuring 20. (menafn.com.)
GSTR-1 HSN summary rules clarified: B2B HSN entry in Table 12 is now mandatory and validated by GSTN. For B2C, taxpayers with turnover up to ₹5 crore can leave HSN blank. Separate tabs for B2B and B2C simplify filing and reduce errors.
is also seen that sub-rule ( 4) of rule 55 of the said Rules provides that where the goods being transported are for the purpose of supply to the recipient but the tax invoice could not be issued at the time of removal of goods for the purpose of supply, the supplier shall issue a tax invoice after delivery of goods.
B2B transactions refer to the sale of goods or services from one business to another. Under GST, these transactions have specific requirements and benefits, such as the eligibility for Input Tax Credit (ITC), which directly impacts the cost-effectiveness and operational efficiency of businesses engaged in B2B trade.