Bhubaneswar, Sept. 4 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/GST_1756955559.jpeg
The 56th GST Council meeting has brought significant changes to the Goods and Services Tax (GST) framework, effective 22nd September 2025. To guide taxpayers and businesses, the Central Board of Indirect Taxes and Customs (CBIC) has released 60 FAQs covering rate changes, compliance rules, input tax credit (ITC), and sector-specific clarifications
The Council clarified that while sectors such as small cars, e-vehicles, renewable energy, and construction materials will see rate cuts, items like tobacco products, air conditioners, and large TVs will continue at existing rates. Import duties will also align with revised GST notifications.
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