Major GST changes from April 1, 2025, focus on strengthening compliance and digitisation, including mandatory Multi-Factor Authentication (MFA) for all users, compulsory Input Service Distributor (ISD) registration for businesses with multiple branches, and tightened e-way bill/e-invoice rules. These reforms aim to curb fraud and simplify Input Tax Credit (ITC) distribution.
The shift to a two-slab system of 5% and 18%, removing the earlier 12% and 28% rates, will make taxation more transparent and easier to follow. At the same time, a 40% on luxury and sin goods such as pan masala, tobacco, aerated drinks, high-end cars, yachts, and private aircraft ensures fairness and revenue balance.
GST and HST Payment Dates for 2025-2026
July 4, 2025 (first increased payment) October 3, 2025. January 5, 2026. April 3, 2026.
15th August 2025
The highlights include the removal of 12% and 28% tax slabs, while merging items into the 5% or 18% tax slabs. Introduction of 40% tax slab for sin goods. Correction of inverted tax structure, and resolving classification issues. Pre-filled returns and automated GST refunds were key announcements.
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.
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.
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%).
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%.
With effect from 1st October 2025, the Indian GST regime is set to introduce a series of important changes in how returns, credits, and compliance are handled. These changes aim to improve accuracy, reduce disputes, and align law and system behavior more closely.
In August 2025, over 1.5 million eligible adult Singaporeans will receive up to $850 in cash as part of GSTV – Cash, depending on their AI for the Year of Assessment (YA) 2024 and the Annual Value (AV) of their home.
Payment amounts are recalculated every July
For example, the information from your 2024 tax return determines the GST/HST credit amount you get for the payment period from July 2025 to June 2026. You could get up to: $533 if you are a single individual. $698 if you are married or have a common-law partner.
If your GST turnover is below the $75,000 threshold, you may choose to register. But if you do, regardless of your turnover, you must: include GST in the price of most goods and services you sell. claim GST credits for most business purchases you make.
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.
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).
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.
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.
How to Avoid GST on Overseas Purchases Legally
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.
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.
Canadian taxpayers will see a confirmed 2% GST payment increase in 2026, offering some welcome financial relief at a time when the cost of living remains high. Starting July 2026, the Canada Revenue Agency (CRA) will adjust the GST/HST credit to reflect annual inflation indexation.
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 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.
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.