Section 1 of the CGST Act lays down the short title, extent, and commencement of the law.Section 2 defines the essential terms and concepts used throughout the Act.Together, they form the foundational framework for interpreting and applying the CGST Act.
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The Government has issued a fresh notification announcing amendments to GST rates. These changes are based on the decisions taken during the 56th GST Council Meeting. The revised structure is aimed at simplifying the tax system and improving compliance. Businesses and taxpayers are advised to carefully review the updated rates. Staying informed will help ensure smooth adherence to the latest GST rules.
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The CBDT has extended the due date for filing ITRs for AY 2025-26 (FY 2024-25).
The deadline, first moved from 31st July to 15th September 2025, is now further extended to 16th September 2025.
This relief is applicable to non-audit cases such as salaried individuals and businesses/LLPs not requiring a tax audit.
Taxpayers are advised to file within the extended timeline to avoid last-minute hassles.
SECTOR WISE NEW GST RATES WITH EFFECT 22nd SEPTEMBER 2025. The GST council has recommended...
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GST rates rationalised, 28% and 12% rates removed. Key common man items moved to 5%. Small cars at...
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