Day 1 of the 56th GST Council Meeting, Sept 03, 2025, has delivered a landmark GST 2.0 reform – simplifying India’s indirect tax regime into a “Simple Tax” structure of just three rates: 5%, 18% & 40%.
Key highlights include:
📌 Automatic 90% refunds for exporters, SEZ suppliers & inverted duty cases
📌 3-day GST registration for small & low-risk businesses (from Nov 1, 2025)
📌 Intermediary services for overseas clients now treated as exports
📌 Significant rate cuts on medicines, essentials, automobiles & hospitality
📌 GST Appellate Tribunal set for faster dispute resolution
These changes promise to ease compliance, cut costs and provide a strong boost to businesses and consumers alike.
Check out the full alert attached for details.